CFOs call for less rules in financial narrative September 27, 2010 MORE discretion and less regulation is needed when auditors deliver financial commentary at the front of annual reports, according to a raft of chief financial officers (CFOs) at large commercial companies. A new report published by Deloitte and the Association of Chartered Certified Accountants (ACCA) found that over 65 per cent of some 230 CFOs [...]
Q&A October 14, 2010 Q. Is forecasting essential to a business plan? A.While forecasting can be tricky, it is the core of your business plan. Many small businesses complain about being asked to predict the future. But as Bobby Lane of Denver Chase tells his clients: “Think about how that looks to the bank or investor, they need to [...]
Private sector recovery still on track November 1, 2010 WHAT a day for the global economy. In Britain, China and America, manufacturing surveys surged ahead, in every case beating consensus estimates and suggesting strong private sector growth over the next few months. Yesterday’s jump in the global purchasing managers indices were undoubtedly the most bullish indicator I have seen in a long time. The [...]
There is more to life than budget cuts October 25, 2010 FAR too much of the debate about spending cuts is being conducted in absurdly parochial terms. We are all obsessed with whether George Osborne’s tightening will boost or reduce growth next year – yet there is far too little focus on what other countries are doing on the budgetary front, let alone on longer-term economic [...]
CITY MOVES | WHO’S SWITCHING JOBS October 28, 2010 Shore Capital The stockbroking group has hired Jerry Keen as head of natural resources in the corporate broking division, and Ramona Tipnis, Dr Paul Taylor and Craig Howie as new analysts. Keen (pictured) was previously head of corporate broking at Astaire. Tipnis will cover general retail and joins from Oriel Securities. Taylor, a healthcare analyst, [...]
CITY MOVES | WHO’S SWITCHING JOBS November 10, 2010 Aveva The engineering software group has appointed James Kidd to its board as its new chief financial officer, effective from the beginning of next year. He replaces Paul Taylor, who has been finance director for the past decade. Kidd, 40, has been at Aveva since 2004, including four years as head of finance. A chartered [...]
What the other papers say this morning December 21, 2010 FINANCIAL TIMES EMERGING MARKETS DEALS LEAD 16 PER CENT RISE IN M&A Dealmaking in emerging markets helped power a 16 per cent rise in global mergers and acquisition activity this year as companies moved to spend their cash piles outside of their home markets. Companies in developing countries struck 2,570 deals worth a total $502.6bn [...]
What the other papers say this morning December 21, 2010 FINANCIAL TIMES EMERGING MARKETS DEALS LEAD 16 PER CENT RISE IN M&A Dealmaking in emerging markets helped power a 16 per cent rise in global mergers and acquisition activity this year as companies moved to spend their cash piles outside of their home markets. Companies in developing countries struck 2,570 deals worth a total $502.6bn [...]
Legal sector sees revenue rise September 22, 2010 THE UK’S top law firms have kick-started the financial year on an upward swing after collective first quarter revenues rose. Deloitte’s quarterly survey of the legal sector for the period ending 31 July showed that revenue across the top 100 law firms in the UK was up five per cent on the same time last [...]
CITY MOVES | WHO’S SWITCHING JOBS September 29, 2010 Tullett Prebon The inter-dealer broker has re-hired Tory MP Michael Fallon as a non-executive director, just a few months after he resigned to pursue an unsuccessful campaign for the Treasury Select Committee chairmanship. Fallon, who lost out to Andrew Tyrie, rejoins Tullett a week after he replaced Lord Ashcroft as deputy chair of the Conservative [...]