Aim market to return to growth August 22, 2010 The tide of firms delisting from the Alternative Investment Market (Aim) will finally bottom out over the second half of the year, heralding a return to growth for the junior market next year. Deloitte predicts the number of firms on the market will reach a low point of 1,200, a drop of almost 30 per [...]
CITY MOVES | WHO’S SWITCHING JOBS October 13, 2010 PwC The accountancy firm has appointed three new senior managers to its business continuity team, part of the risk assurance practice. Tom Buchanan, who previously worked at Barclays and Tesco, joins the crisis management team. James Cooke joins from Deloitte to focus on IT disaster and service recovery planning, while James Crask (pictured) will develop [...]
Britain’s private sector jobs miracle September 20, 2010 WITH the money supply dipping in August, and a flurry of other downbeat indicators, it is clear that the economy won’t grow especially quickly in the next few months. But this doesn’t necessarily bode ill for jobs. One of the great surprises of the past two years has been the performance of the labour market, [...]
A man schooled for big business October 28, 2010 THOSE considering studying for an MBA do not need to be told that the London School of Business and Finance (LSBF) is not the same thing as the London Business School. They aren’t in the same league. But the man behind this seven year-old college has done something rather impressive. He has taken a business [...]
PROFESSIONAL SERVICES FIRM OF THE YEAR | The Shortlist September 7, 2010 WHETHER it’s advising firms, publishing reports or driving efficiency, professional services firms are never far from the front line in the City. With their global reach and diversified portfolios, the best-known firms have emerged looking healthy and ready to face the challenges of the new, post-downturn world. Don’t miss the City event of the year – [...]
Cattles rescue talks collapse September 15, 2010 TALKS aimed at restructuring beleaguered doorstep lender Cattles broke down yesterday as the company’s bondholder creditors walked away from the discussions. The company issued a statement to the stock market in which it said it would continue discussions with those creditors that remained in order to find a solution. The bondholders own around one third [...]
American Apparel in audit spat August 17, 2010 Retail group American Apparel said yesterday its operating losses may result in its breach of its debt covenant, and that it has received a subpoena from the US attorney’s office over changing accounting firms. Shares dropped by more than 25 per cent following the announcement, which revealed that previous auditor Deloitte told the firm its [...]
BETFAIR FOUNDER MULLS PUTTING HIS WINDFALL MILLIONS TO STUD September 21, 2010 NEWS that Betfair’s founders Ed Wray and Andrew Black are set to net a potential windfall of £17m apiece from cashing in a tenth of their combined 22.5 per cent stake at the company’s IPO got The Capitalist to thinking yesterday – how might they put that money to good use? In Black’s case, at [...]
Corporate spending set to rescue UK October 17, 2010 THANK goodness for the private sector. With the exception of parts of the property investment industry, it is now in reasonably good shape. Contrary to what many believe, this means that Wednesday’s Comprehensive Spending Review – and the all too necessary spending cuts it will detail – won’t derail the UK economy. Sure, a chunk [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 1, 2010 FINANCIAL TIMES LEASE FEARS FOR OFFSHORE WIND FARMS Wind farm operators building offshore risk having their leases terminated without compensation if oil and gas companies decide they need the seabed plot for exploration, drilling or pipelines. Industry executives are warning that the lease terms, issued by the Queen’s Crown Estate, could threaten the funding of [...]