Accountants hit as FTSE 100 skimps on bills September 6, 2010 DESPITE increasing fees during 2010, top accountants in the UK have reported a three per cent decline in the amount they collected from FTSE 100 clients, new research shows. During the 2009 to 2010 financial year, FTSE 100 companies paid £891.9m in both audit and non-audit fees, marking a drop from the previous year when [...]
£1bn That’s how much property experts say Chelsea will have to fork out if they want to leave Stamford Bridge and move to Earls Court November 9, 2010 CHELSEA would have to pay around £1bn to buy up the land around the Earls Court exhibition centre and build a new 60,000 seater stadium, City A.M. has learnt, if they decided to press ahead with a proposal to move from Stamford Bridge. The west London club’s chief executive Ron Gourlay and company secretary Alan [...]
£1bn That’s how much property experts say Chelsea will have to fork out if they want to leave Stamford Bridge and move to Earls Court November 9, 2010 CHELSEA would have to pay around £1bn to buy up the land around the Earls Court exhibition centre and build a new 60,000 seater stadium, City A.M. has learnt, if they decided to press ahead with a proposal to move from Stamford Bridge. The west London club’s chief executive Ron Gourlay and company secretary Alan [...]
BP’s Hayward starts energy consultancy November 14, 2010 FORMER BP chief executive Tony Hayward has set up his own business, understood to be an energy consultancy, as he rejoins the business world following his departure from the oil giant. Hayward set up 3E Capital on 28 October, papers filed at Companies House show. He lists Deloitte’s office in London as the company’s registered [...]
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 [...]