Value of promotion to top flight up 50pc to £90m April 29, 2010 IT was already touted as the most lucrative prize in world football, but experts now estimate promotion to the Premier League to be worth £90m. The figure constitutes a 50 per cent increase on last year, owing to an increase in top-flight television revenues and parachute payments. Newcastle, having secured the Championship title, and West [...]
KPMG to up graduate intake as accountant sees market demand April 22, 2010 BIG four accounting giant KPMG has upped its UK graduate intake this year after the firm said the numbers reflected growing signs that market demand for accountancy services were on the rise. The accountant has increased the number of graduates it plans to recruit for the September intake to 820, marking a significant increase on [...]
Jarvis reaches the end of the line as administrator called in March 25, 2010 RAIL maintenance contractor, Jarvis is set to appoint Deloitte as administrator after the firm said earlier yesterday it had run out of cash. It is understood that four partners at the professional services firm, including Neville Kahn, will be handed the task of sorting through the struggling company’s finances. Jarvis filed for administration yesterday morning [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 19, 2010 FINANCIAL TIMES HCL FUELS DEBATE The head of one of India’s biggest IT outsourcing companies has waded into the debate on UK public sector efficiency savings, complaining of an “old boys’ network” in government procurement. Vineet Nayar, chief executive of HCL Technologies, hit out at the “stranglehold of a few companies” in Britain’s £17bn market [...]
FORMULA ONE CHIEF UNLEASHES TAX FURY July 7, 2010 WITH all the hubbub about capital gains tax rates in the run-up to the recent Budget, investors are no stranger to vituperative attacks on their profits, but it does come as a surprise when the abuse comes from someone who’s supposed to be on their own side. The latest high-profile character to get vocal about [...]
High street sales leap in bumper easter April 13, 2010 RETAIL sales growth surged last month after a booming Easter for high street trade. The total value of sales rose by 6.6 per cent in March – the biggest upturn since April 2006 – according to the data from the British Retail Consortium and KPMG. The figures follow positive results from john Lewis and Marks [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 13, 2010 THE SUNDAYS The Sunday Telegraph $2.6M BUFFETT LUNCH WON BY ANONYMOUS BIDDER A mystery benefactor has paid $2.6m (£1.8m) to meet with billionaire investor Warren Buffett for a business lunch. The Sage of Omaha auctioned his time in aid of a San Francisco charity. This year’s auction brought in 25 per cent more than any [...]
Suitors circling for Liberty after building sold for £41m March 16, 2010 LIBERTY yesterday said it is being pursued by more than one suitor after the West End department store confirmed it had sold its building for £41.5m in a leaseback scheme. The company sold the freehold interest in the 125,000-square foot store, off Regent Street, to private property investment firm Sirosa. Liberty will take a 30-year [...]
GOING GLOBAL April 8, 2010 Q. I think there could be a market for my business overseas, but how easy is it to expand internationally? A. Even though it is getting more and more accessible to do this, it is not an easy process if you want to do it properly. Tony Cohen, head of entrepreneurial business at Deloitte, says [...]
Government to rewrite employment tax rules March 24, 2010 NEW anti-avoidance measures to reduce employment tax evasion were introduced by chancellor Alistair Darling yesterday, with the government set to create new legislation next year. Employee benefit trusts, alternative pension structures and geared growth on share arrangements were some of the areas Darling said the government will focus on during consultations this summer. The measures [...]