Auditor calls for shake up September 28, 2010 GRANT Thornton, the fifth largest audit firm, has urged the government to review the market share held by the big four accounting firms in a bid to reduce threats to the financial markets should one of them fail. In a submission to the House of Lords’ inquiry into auditors, and as reported by the Financial [...]
Auditor calls for shake up September 28, 2010 GRANT Thornton, the fifth largest audit firm, has urged the government to review the market share held by the big four accounting firms in a bid to reduce threats to the financial markets should one of them fail. In a submission to the House of Lords’ inquiry into auditors, and as reported by the Financial [...]
Exodus feared as UK companies lose faith October 24, 2010 COMPANIES are losing patience with rising levels of taxation and regulation and many are plotting to move overseas with disastrous implications for the economy, the Confederation of British Industry will warn today. A survey of business chiefs lifted the lid on growing dissatisfaction with an economic environment which they claim is blunting their competitive edge. [...]
Top-flight spend down £100m in a year August 31, 2010 CASH-CONSCIOUS top-flight clubs slashed their summer spending by 22 per cent in the quietest transfer window for four years. This year’s total spend of around £350m was £100m down on last summer’s transfer window and some £175m short of the 2008 peak of £525m, according to business advisory firm Deloitte. Analysts blamed the slow market [...]
GT reveals non-executives September 8, 2010 GRANT Thornton (GT) has become the first large accounting firm to comply with new governance rules by revealing its new non-executives. The three non-executives are Richard Eyre, chairman of the Eden Project; Caroline Goodall, a consultant to law firm Herbert Smith; and Ed Warner chairman of UK Athletics. The UK’s biggest eight audit firms – [...]
Serco makes humiliating rebate U-turn November 1, 2010 SERCO, the FTSE 100 outsourcing firm, was forced into a grovelling apology yesterday for demanding money back from suppliers, despite promising the government it would not do so. In September Serco financial director Andrew Jenner wrote to the company’s 193 biggest suppliers saying that “like the government, we are looking to determine who our real [...]
CITY MOVES | WHO’S SWITCHING JOBS October 5, 2010 KPMG The financial services group has hired Iain McLaughlin as its new UK head of recruitment. He joins from GlaxoSmithKline, where he spent six years working in human resources, most recently with a focus on the emerging markets. He has also worked in HR for the banking and IT sectors. McLaughlin’s appointment is part of [...]
Reduced real income will hit retail October 24, 2010 RETAIL sales fell in September for the second month in a row. Real incomes are suffering and consumer confidence is weak. Some are questioning whether Apple’s disappointing iPad sales figures last week are a sign of things to come. So should spread betters take the hint and shun the sector? Demand certainly looks like it [...]
Reduced real income will hit retail October 24, 2010 RETAIL sales fell in September for the second month in a row. Real incomes are suffering and consumer confidence is weak. Some are questioning whether Apple’s disappointing iPad sales figures last week are a sign of things to come. So should spread betters take the hint and shun the sector? Demand certainly looks like it [...]
Google keeps top ranking as best employer September 27, 2010 GOOGLE is the most attractive employer in the world, according to new research, which shows that fewer students and graduates are turning to the financial services industry for work. Up to 130,000 job seekers with either a business or engineering background have voted the internet giant into the top spot in employment consultancy Universum’s annual [...]