UK listed companies are failing on green policies November 7, 2010 UK-LISTED companies are failing to follow guidelines on how they monitor their carbon footprint, according to Deloitte. The business advisory firm’s survey of 100 companies revealed that none were adequately addressing the environmental impact of their operations. Only 37 per cent provide statistics on how much pollution they were creating, while only one in five [...]
Newly-listed firms beat the FTSE index November 14, 2010 COMPANIES that entered the London stock market this year have outperformed the FTSE 100 by more than 16 percentage points, research out yesterday showed. Newly-listed firms have gained an average of 19.5 per cent on their share price in the year to date, compared to a 3.4 per cent rise in the FTSE 100 and [...]
Newly-listed firms beat the FTSE index November 14, 2010 COMPANIES that entered the London stock market this year have outperformed the FTSE 100 by more than 16 percentage points, research out yesterday showed. Newly-listed firms have gained an average of 19.5 per cent on their share price in the year to date, compared to a 3.4 per cent rise in the FTSE 100 and [...]
CITY MOVES | WHO’S SWITCHING JOBS November 16, 2010 Barclays Corporate Barclays Corporate has appointed a new head of financial institutions. Matt Tuck will return to the bank where he started his career, having worked for the last eight years for Deutsche Bank. In his new role, he will be responsible for enacting a new stage in the expansion of the bank’s financial institutions [...]
London hotels see rises after summer brings tourists flocking into the capital October 18, 2010 AVERAGE room rates in London hotels have increased for the first time in two years, as the summer weather boosted trade. Revenues per available room (revpar) jumped by 19.8 per cent to £117 in the quarter to 30 September – fuelled by a 15.6 per cent increase in average room rates, according to survey by [...]
Deloitte surprised by lack of administrations in 2010 April 19, 2010 AGGRESSIVE cost cutting and improved cash management by firms last year has seen the number of businesses falling into administration in 2010 drop. Research by the business advisory firm showed that 555 administrations were recorded in quarter one 2010, a significant improvement on the 1,028 companies in the same period last year. Deloitte said it [...]
Mouchel pans Costain’s new takeover bid January 6, 2011 CONSTRUCTION firm Costain made an increased all-share offer for struggling business services group Mouchel yesterday, which valued the firm at around £150m, excluding its near-£100m debts. Mouchel, which acts as a consultant on infrastructure projects, rejected the offer yesterday afternoon, claiming that the bid significantly undervalued the business. Costain said it would offer 0.5947 new [...]
Ernst & Young is falling behind its big four rivals October 5, 2010 ERNST & Young (E&Y) has reported flat revenue growth across its global offices, falling behind big four rivals Deloitte Touche Tohmatsu and PwC. The accounting giant posted $21.3bn (£13.3bn) in global revenue, marking a slight decrease from 2009 when global income came to $21.4bn. The firm’s results place it behind Deloitte and PwC, which both [...]
London reaches 20-year low for development November 22, 2010 CENTRAL London’s construction level is at a 20-year low, with just 2.7m square feet under development. Overall development is down by almost 70 per cent on this time last year, according to the latest Crane Survey research by property agency Drivers Jonas Deloitte. The report says this year and next will see the lowest level [...]
What the other papers say this morning January 23, 2011 FINANCIAL TIMES AUDITORS SEEK TO EASE FEARS The four biggest auditors have denied that their dominance of the market for large companies had created a systemic risk akin to that posed by the leading banks. Deloitte, Ernst & Young, KPMG and PwC have told the European Commission that they are willing to help draw up [...]