Game up for Tomkins as buyers target UK August 31, 2010 ONE of the City’s largest investors warned foreign predators not to view UK companies as easy pickings yesterday after Tomkins became the latest name to fall to an overseas bid. Standard Life Investments (SLI) made an angry intervention after shareholders in Tomkins, the former “buns-to-guns” group, voted to accept a £2.9bn offer from a consortium [...]
CITY MOVES | WHO’S SWITCHING JOBS August 3, 2010 PricewaterhouseCoopers The financial services firm has made a number of changes to its UK insurance group. Tim Edwards has joined as director, with immediate effect, after previously working for the Financial Services Authority. He will be responsible for assisting clients with the requirements of Solvency II. In addition, Paul Clarke has replaced Mark Batten as [...]
Top lawyers show signs of recovery June 16, 2010 THE UK’s top 100 law firms enjoyed a minor resurgence at the start of 2010, as fee income and chargeable hours increased in the three months to April, according to figures out today. While the revival has not generated the fees seen before the banking crisis, fee income grew by an average of 4.6 per [...]
GRADUATES GET CREATIVE ABOUT JOINING THE DAILY BUMP ’N’ GRIND August 22, 2010 IT SEEMS the yoof of today is becoming ever more resourceful when it comes to securing a first job, despite all the sympathetic noises from older generations over the plight of school-leavers and graduates. One enterprising young chap, about to head into his final year studying economics at Nottingham, wants to use the money he [...]
Be ready to leap when the market turns September 15, 2010 THE popular obsession with City pay has not gone away, as was in evidence recently when the news that Bob Diamond will become CEO of Barclays was accompanied by lurid headlines about the “bonus banker”. City remuneration might be a dog-whistle issue for tabloids, but it’s also a big issue for everybody who works here, [...]
Be ready to leap when the market turns September 15, 2010 THE popular obsession with City pay has not gone away, as was in evidence recently when the news that Bob Diamond will become CEO of Barclays was accompanied by lurid headlines about the “bonus banker”. City remuneration might be a dog-whistle issue for tabloids, but it’s also a big issue for everybody who works here, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 12, 2010 FINANCIAL TIMES RESPITE OVER CITY BONUSES DETAILS Britain’s banks will be spared the embarrassment of giving details of big bonus payments to staff in their annual reports next spring after the Treasury admitted the relevant legislation will not be on the statute book in time. The delay to new disclosure requirements is likely to create [...]
The man who is set to bring more luxury to London’s five-star hotels November 14, 2010 LONDON’S five-star hotel market is set to take off over the next six months and a septuagenarian Maltese businessman called Alfred Pisani will be at the heart of the glamorous action. His £300m luxury Corinthia Hotel London, on Whitehall Place, is being completed and will take its first paying guests in April 2011. It is [...]
CITY MOVES | WHO’S SWITCHING JOBS July 27, 2010 ERNST & YOUNG The accountancy firm has appointed Jonathan Summers to its information technology advisory team as a director focusing on strategic rationalisation, the process of removing technology complexity to improve business performance. Summer has over 14 years of experience with IBM, where his roles included establishing a global delivery capability for data migration in [...]
Accountants told to step up audit quality July 20, 2010 BRITAIN’S big four accountants were criticised by an independent review this morning for the “disappointing” quality of their audit work. One in ten audits produced by the major firms fell below the proper standards, the Audit Inspection Unit (AIU) said. Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers – along with smaller competitor PKF – were [...]