Mixed reactions to yesterday’s Budget March 25, 2010 THE chancellor’s Budget speech contained many references to entrepreneurs, but what was the substance, and will small businesses actually benefit? The main announcement was a one-off £2.5bn package to help small businesses. However, not all of this money will go directly to helping entrepreneurs. “The package includes all sorts of things including the university regeneration [...]
Real and Barcelona are football’s Euro fat cats March 1, 2010 LUCRATIVE individual broadcast deals have helped Spanish giants Real Madrid and Barcelona leave Premier League clubs trailing in the wealth stakes and cement their place as the two richest teams in the world. Real last season became the first team in any sport to record revenue of more than €400m (£341m), despite a relatively unsuccessful [...]
JP Morgan Caz retains its lead in adviser rankings March 1, 2010 JP MORGAN Cazenove continues to lead the City’s broker adviser tables, according to the latest rankings from Hemscott. JP Morgan finishes the first quarter of the year with 241 clients, well ahead of Numis Securities which is in second place with 113 clients. Among FTSE 100 clients, JP Morgan Cazenove is again well in front, [...]
ANALYST VIEWS: SHOULD THE PREMIER LEAGUE SET A NEW BORROWING CAP TO STOP CLUBS RACKING UP MASSIVE DEBTS? February 15, 2010 DAVE WHELAN | CHAIRMAN, WIGAN ATHLETIC The Premier League is in trouble – we can’t have a situation where a massive club like Portsmouth is going out of business. Something drastic needs to be done and I think capping the amount of borrowing at clubs is the answer. I’m going to be pushing for this. [...]
CITY MOVES | WHO’S SWITCHING JOBS March 17, 2010 CB Richard Ellis Jonathan De Mello is to join the property group as head of its retail consultancy team, effective from April. De Mello is one of the most respected analysts in the retail sector and joins from the Experian Property Consultancy. His consultancy clients have included the likes of Blackstone Private Equity, Henderson Global [...]
Ofcom feels the heat over sports ruling March 31, 2010 OFCOM faced a fierce backlash to its landmark ruling yesterday as broadcasters and sporting bodies rounded on the embattled regulator. BSkyB vowed to carry out its threat to fight the ruling through the courts, hiring high powered City law firm Herbert Smith. The decision means the wholesale prices Sky is allowed to charge rivals including [...]
Fee income at top legal firms dives January 14, 2010 INCOME at the UK’s top ten law firms plunged more than 10.5 per cent in their second quarter (Q2), compared with the previous year, new figures show. The poor results for 2009 Q2 were reflected across the industry, with the top 100 firms dropping 5.7 per cent. Firms including Allen & Overy and Linklaters reported [...]
Hotel rates in London on the rise January 4, 2010 Hotels in London saw revenue per available room – a key industry measure – rise out of the red during the final quarter of 2009, up 5.5 per cent to £110, according to professional services firm Deloitte. Occupancy was the key driver of growth in the capital, up 5.8 per cent to 82.9 per cent. [...]
CITY BEAN COUNTERS GET STAR TREATMENT February 17, 2010 DULL accountants, hobnobbing the evening away with some of the world’s glitziest movie stars? Who’d have thought it? Yet that’s exactly what a gaggle of beancounters from Deloitte will do on Sunday evening at the annual BAFTA film awards – for which they’ve been engaged as official “scrutineers” for the past four years. This year’s [...]
CITY BEAN COUNTERS GET STAR TREATMENT February 17, 2010 DULL accountants, hobnobbing the evening away with some of the world’s glitziest movie stars? Who’d have thought it? Yet that’s exactly what a gaggle of beancounters from Deloitte will do on Sunday evening at the annual BAFTA film awards – for which they’ve been engaged as official “scrutineers” for the past four years. This year’s [...]