IT’S HAPPY FAMILIES AS LIZ GOES IN-HOUSE February 21, 2011 BEFORE heading out to lunch yesterday, Elisabeth Murdoch, or “Liz”, fired off a quick, “confidential” email to her several hundred employees at Shine Group, the media group snapped up by News Corp. Luckily, it was quickly forwarded on to The Capitalist. “I did want to take a minute to thank you all for your patience while [...]
House of Lords slams Big Four auditors for role in banking crisis November 23, 2010 THE HOUSE of Lords yesterday accused the Big Four auditors of misleading investors by giving the banks a clean bill of health before the financial crisis. The Lords’ economic affairs committee grilled bosses of Ernst &Young, Deloitte, PwC and KPMG as part of a probe into a possible lack of competition in the financial services [...]
JPMorgan buys Allen & Overy office from Hammerson venture December 15, 2010 JPMORGAN Asset Management has agreed to buy law firm Allen & Overy’s office on the Bishops Square site in a deal worth nearly £557m, joint sellers Hammerson and the Oman Investment Fund said yesterday. The 71,900 square foot office, which was developed and completed by Hammerson in 2005, was valued at £510m in June with [...]
Deloitte rewards staff in the UK following expansion of business June 1, 2010 GLOBAL accountancy giant Deloitte has promoted 32 staff to its partnership in the UK, across audit, tax, consulting and corporate finance. The move comes in addition to the creation of 30 new partners since the start of the year following developments to the business, including the acquisition of commercial property agent Drivers Jonas. Deloitte chairman [...]
It’s official: Non doms are quitting UK January 12, 2011 THE number of people registered as non-doms in the UK dropped for the first time in five years in the 2008-2009 tax year, as the rich fled higher taxes and the credit crunch, figures show. The data, obtained by a freedom of information request, show that there were 139,000 people registered in the UK as non-doms in [...]
SHOPPING ON WEB HITS £3K A SECOND November 28, 2010 ONLINE sales of £3,000 per second will be made on Visa cards today, totalling £265m, according to the company. Visa has coined today Mega Monday, as internet shoppers click through their Christmas shopping lists. Many will have received their November pay packages and be looking for cheap deals online. Sales are expected to peak at [...]
Retailers facing ill wind as weather threatens to scupper Christmas sales December 16, 2010 THE headache for retailers caused by the cold snap may get worse as a forecast return to freezing conditions threatens to keep shoppers away in the crucial run-up to Christmas. Weather experts predict a return of icy conditions this week following a brief thaw, which could force consumers to postpone festive purchases and retailers could [...]
CITY MOVES | WHO’S SWITCHING JOBS January 13, 2011 City of London Law Society The membership organisation has appointed a new chief executive: David Hobart. He is currently CEO of the Bar Council, in charge of representing barrister members, and has been heavily involved in changes to the law industry since 2007. Before joining the Bar Council, he had a long career in the RAF, [...]
CITY MOVES | WHO’S SWITCHING JOBS January 13, 2011 City of London Law Society The membership organisation has appointed a new chief executive: David Hobart. He is currently CEO of the Bar Council, in charge of representing barrister members, and has been heavily involved in changes to the law industry since 2007. Before joining the Bar Council, he had a long career in the RAF, [...]
CITY MOVES | WHO’S SWITCHING JOBS January 6, 2011 Syndicate Asset Management The fund management group has promoted Jeremy Rance to the role of chief operating officer for the group. He will now be in charge of organising operational performance across all of the group’s subsidiaries. He joined the company in June last year at its subsidiary Ashcourt Rowan, having previously worked at Barclays, [...]