CITY MOVES | WHO’S SWITCHING JOBS November 14, 2011 BTG The specialist healthcare company has appointed Garry Watts to succeed Dr John Brown as non-executive chairman, effective from 1 January 2012. Watts is chairman of the Spire Healthcare group of private hospitals, a senior independent director at Stagecoach Group and a non-executive director of Coca-Cola Enterprises. He was chief executive of SSL International for [...]
RSM Tenon falls despite profit leap February 23, 2011 SHARES in accountancy firm RSM Tenon plummeted yesterday despite a 50 per cent profit leap after the group warned that growth would slow. Underlying profits for the listed firm leapt by 53 per cent to £13.5m for the six months to 31 December 2010. Turnover increased 65 per cent to £121.1m. The interim figures combine [...]
CITY MOVES | WHO’S SWITCHING JOBS October 12, 2011 Gazprom Gazprom Marketing and Trading, the subsidiary of the Gazprom Group, the world’s largest gas company by asset base, has appointed Tony West as power strategy manager. West joins from Scottish Power, where he managed the commodity market risks within the energy management division. Prior to joining Scottish Power, he worked at Sapient. He has [...]
Sweet day for Dunkin’s as shares wolfed July 27, 2011 HUNGRY investors snapped up shares in the owner of US snack chain Dunkin’ Donuts on its first day of trading yesterday, sending them up almost 50 per cent by the close. Dunkin’ Brands, which also owns ice cream seller Baskin-Robbins, raised its planned $422.8m (£258m) through a Nasdaq initial public offering after pricing its offering [...]
CITY MOVES | WHO’S SWITCHING JOBS July 18, 2011 HSBC HSBC has promoted Krishna Patel, chief executive of HSBC Africa, to chief executive of its Global Private Banking division, reporting to group chief executive Stuart Gulliver. Patel will start his new role on 1 September, initially based in Geneva, and will focus on strengthening the bank’s presence in the fastest-growing wealth markets. Patel, who [...]
RSM Tenon boosted by pension changes November 10, 2010 BUSINESS advisory firm RSM Tenon yesterday said it expects to benefit from changes to pension legislation in the UK, adding that its first-quarter results and trading to date support market expectations for the full-year. Last month, the government said it would cut the tax relief on pension savings for around 100,000 higher earners, in a [...]
CITY MOVES | WHO’S SWITCHING JOBS June 22, 2011 Barclays Wealth Paul Burd has been appointed as head of business services for Barclays Wealth Operations and head of operations, Glasgow. Most recently, Burd was general manager of worldwide securities at JP Morgan, based in Cape Town, following previous roles at JP Morgan including managing director of the investment bank’s London Investment Management Operations team. [...]
OFT looks for audit change May 17, 2011 UK regulators believe the market for auditing services is anti-competitive enough to warrant a full investigation and are looking for ways to improve it, the Office of Fair Trading (OFT) said yesterday. An OFT investigation and a high-profile House of Lords inquiry has concluded that the Big Four auditors – PriceWaterhouseCoopers, KPMG, Ernst & Young [...]
Retailers at risk of going under are on the increase April 12, 2011 THE NUMBER of retailers at risk of going under shot up for the second consecutive month in March, according to insolvency firm RSM Tenon. The number of companies deemed to be at high risk of insolvency jumped by four per cent in March, compared to the month before, and jumped two per cent compared to [...]
RSM Tenon September 22, 2010 SO far so good. Tenon’s buyout of RSM appears to be having the desired effect, with cost synergies on track to total more than £10m a year. Getting accountants from both companies to gel was always going to be tricky, but the business is performing well. Some government contracts will be chopped come October’s spending [...]