Property start-up close to buying Centre Point from administrator December 19, 2010 NEW property developer Almacantar is on the verge of buying the Centre Point skyscraper in the West End, according to sources close to the firm. Almacantar, which was set up by former Land Securities executive Mike Hussey in 2009, is set to announce as soon as today that it has entered talks with administrator Deloitte [...]
Fewer closures in 2010 but many firms are still walking an economic tightrope January 5, 2011 FAR fewer struggling UK companies fell into administration in 2010 compared with 2009, Deloitte research showed yesterday. Insolvencies fell by 35 per cent, or by 1,102 companies last year, to 2,086 in 2010 from 3,188 in 2009, analysis of notices in the London Gazette over the year showed. Policymakers have worked to keep the business [...]
Fewer closures in 2010 but many firms are still walking an economic tightrope January 5, 2011 FAR fewer struggling UK companies fell into administration in 2010 compared with 2009, Deloitte research showed yesterday. Insolvencies fell by 35 per cent, or by 1,102 companies last year, to 2,086 in 2010 from 3,188 in 2009, analysis of notices in the London Gazette over the year showed. Policymakers have worked to keep the business [...]
Technology trends in 2011 January 12, 2011 TABLETS Until now, it was assumed that tablet computers would be snapped up by consumers. But Deloitte says a quarter of sales will be corporate. NETBOOKS Cheap, relatively unsophisticated and ultra-portable netbooks will continue to eat away at the dominance of the desktop PC. APPLE Steve Jobs’ runaway success is likely to continue into 2011, [...]
Myners: risk from big four January 18, 2011 LORD Myners yesterday told a parliamentary committee that the concentration of auditing services among the “big four” accounting firms represents a systemic risk. Appearing before the House of Lords’ Economic Affairs Committee, the former City minister said that successive mergers had led to firms not having enough alternatives to Deloitte, Ernst & Young, PricewaterhouseCoopers and KPMG when [...]
CITY MOVES | WHO’S SWITCHING JOBS February 24, 2011 SRL Global The technology investment platform has made a new appointment by hiring Robin Ellison as a new member of its executive advisory board. In this role, he will primarily focus on strengthening SRL Global’s position in the pension fund market. Ellison previously served as chairman of The National Association of Pensions Funds (NAPF). In his [...]
Optimistic firms plan for growth January 3, 2011 UK financial officers have turned markedly more optimistic about growth in 2011, fuelling hopes that the private sector will be able to compensate for a retrenching public sector. Deloitte’s quarterly CFO Survey – released today – cites expansion as the top priority for financial officers, with balance sheet rebuilding and cost-cutting taking a back seat. Risk [...]
Credit Suisse co-cos a go-go February 14, 2011 CREDIT Suisse has tapped its investors for an extra SFr6bn (£3.85bn) by issuing contingent convertible bonds (co-cos), in order to get halfway towards Switzerland’s new capital requirements. The issuance could herald a new era of popularity for co-cos on the back of regulators’ enthusiasm for the instruments. The buyers in the Credit Suisse deal are state-backed [...]
Credit Suisse co-cos a go-go February 14, 2011 CREDIT Suisse has tapped its investors for an extra SFr6bn (£3.85bn) by issuing contingent convertible bonds (co-cos), in order to get halfway towards Switzerland’s new capital requirements. The issuance could herald a new era of popularity for co-cos on the back of regulators’ enthusiasm for the instruments. The buyers in the Credit Suisse deal are state-backed [...]
Graduate vacancies reach highest level since slump January 24, 2011 THE NUMBER of graduate vacancies last year soared to the highest level since before the recession began, with employers set to open up yet more vacancies to university leavers this year, according to a new report out today. The Association of Graduate Recruiters (AGR) recorded a surge in vacancies for graduates in the closing months [...]