Climate change funds efficient source of profit June 22, 2010 AS THE western world enters the age of austerity, finding sectors with strong growth potential will be the challenge for investors. Climate change is one area that has astounding prospects. The International Energy Agency (IEA) estimates that between $1 trillion and $2 trillion a year will need to be invested over the medium to long [...]
Deloitte hits back after Woolworths’ former board blames firm for failing November 15, 2009 City accountancy firm Deloitte yesterday hit back at claims from Woolworths’ former directors holding it responsible for the high street retailer’s demise. Woolworths’ former chairman Richard North, and former chief executive Steve Johnson complained that Deloitte’s dual role as both adviser to Woolworths and administrator to the business when it collapsed last November constitutes a [...]
DELOITTE CONSULTANT DUSTS OFF DANCING SHOES IN CINEMA DEBUT November 1, 2009 HERE at City A.M., we like to champion the interests of our dear parishioners, and there’s nothing The Capitalist likes better than hearing about one of the flock with aspirations in the glitzy world of showbiz. Step forward Sanjay Shah, a consultant at Deloitte, whose debut on the silver screen was shown across London for [...]
DELOITTE CONSULTANT DUSTS OFF DANCING SHOES IN CINEMA DEBUT November 1, 2009 HERE at City A.M., we like to champion the interests of our dear parishioners, and there’s nothing The Capitalist likes better than hearing about one of the flock with aspirations in the glitzy world of showbiz. Step forward Sanjay Shah, a consultant at Deloitte, whose debut on the silver screen was shown across London for [...]
E&Y rocked by slide in profits April 14, 2010 PARTNERS’ profits at Ernst & Young fell last year as the accountancy firm invested heavily to close the gap on its rivals. The smallest of the “Big Four”, its average profit per partner fell from £737,000 to £678,000. This compared with £883,000 at Deloitte, £777,000 at PricewaterhouseCoopers and £671,000 at KPMG. The highest paid partner [...]
JP Morgan Caz is City’s top adviser May 31, 2010 JP MORGAN Cazenove continues to lead the City’s broker adviser tables, according to the latest quarterly rankings from Hemscott. The company has 244 clients, a gain of three since the last quarter and more than double its nearest rival. Second-placed Numis Securities gained five new clients to bring the total to 118, closing the gap [...]
Aim market enjoys new listings revival April 28, 2010 INITIAL public offerings on the Alternative Investment Market (Aim) showed tentative signs of a recovery in the first quarter of the year, after listings all but dried up on the junior market during the crisis. A total of 16 firms joined Aim in the first quarter of 2010, compared to just five in the same [...]
CITY MOVES | WHO’S SWITCHING JOBS April 22, 2010 Deloitte Timothy Mahapatra has taken up a new role at the business advisory firm as managing director of the corporate finance practice. A member of the firm’s executive, Mahapatra has over 15 years of corporate finance experience and was previously leader of Deloitte’s mergers and acquisitions programme. He succeeds Aidan Birkett, who was appointed as [...]
‘BIGOTGATE’ GAFFE HITS GRINNING GORDON WHERE IT HURTS MOST April 28, 2010 SPREAD betting firms always pride themselves on having a finger on the pulse, so it’s a bleak lookout for Gordon Brown if general election seat spreads yesterday were anything to go by. Brown (as even strictly cloistered Martians will know by now) yesterday committed a political gaffe of monolithic proportions, simpering to the UK’s newest [...]
Early Easter boosts retail sales April 12, 2010 The early Easter helped boost retail sales figures for March. Sales were up by 4.4 per cent year-on-year, with food sales leading the march with a 6.6 per cent jump. But a direct comparison with last year is skewed because of earlier Easter egg sales. Retail administrations for the first quarter were also down by [...]