Seaman: Loyal Fabregas will follow Vieira’s path February 11, 2010 ARSENAL legend David Seaman expects captain Cesc Fabregas to resist a summer move to Barcelona and stay at the club until late in his career, like Patrick Vieira. Fabregas, 22, has been strongly linked with a return to his boyhood club at the end of the season, although both he and Barca have denied reports [...]
Transparent privacy policy gets clouded February 25, 2010 GOOGLE has got itself in hot water in recent days because of a data protection slip up with its new social network, Buzz. Users were able to see other members’ email addresses – and the addresses of their “followers”– without notification or the need to grant people access to this information. The company is now [...]
Deloitte ends Setanta’s run June 23, 2009 ACCOUNTANCY firm Deloitte was called in yesterday afternoon to act as administrator of Setanta Sport, ending weeks of speculation over the future of the Irish pay-TV broadcaster. “After a huge effort by the Setanta board, management team and its backers, it has not been possible to save the Great Britain (GB) business, which will be [...]
Watchdog accuses four ex-iSoft directors of misleading market January 6, 2010 THE FSA has started criminal proceedings against four former directors of iSoft, the healthcare software firm. iSoft founder Patrick Cryne is charged with making misleading statements to the stockmarket. Also charged are Tim Whiston, Stephen Graham and John Whelan. The allegations relate to accounting irregularities uncovered by Deloitte while the company was working on the [...]
Confusion over tax regime is damaging UK February 24, 2010 ON Monday, the prime minister released a draft Tax Framework for Business at a global trade conference, apparently aimed at reassuring multinationals, worried about the UK’s tax policy. The problem with this framework is that it offers no guidance at all on the direction of travel. Rather, its statements are a mixture of vague aspirations [...]
Deloitte forms anti-spying team June 25, 2009 Deloitte yesterday said it has formed a new corporate counter-espionage team to coincide with the government’s launch of a new cyber-security plan. The accountancy firm’s new team, in the security, privacy and resilience group, will be headed up by Steve Cummings, an ex-senior government security official who was previously director of the Centre for the [...]
January Transfers | Key points February 1, 2010 HARD-UP top-flight clubs tightened their belts in the January transfer window, spending a fraction of what they have in previous years. Premier League outfits spent a total of £30m in January, compared to the downturn-defying £170m splashed out just a year earlier. To illustrate the dramatic change this year, in 2008 teams spent £150m. This [...]
AstraZeneca agrees to pay £500m in HMRC settlement February 23, 2010 ASTRAZENECA has paid Her Majesty’s Revenue and Customs (HMRC) £505m to settle a tax dispute. The Anglo-Swedish drugs company owes the government over so-called transfer pricing – the price at which a group sells goods or services from one section to another. Astra will pay £350m next month and a second installment of £155m in [...]
CITY MOVES | WHO’S SWITCHING JOBS February 11, 2010 HSBC The bank has appointed Chris Barrow as global head of sales for its recently-launched HSBC Prime Services business, targeted at hedge funds and institutional fund managers across Europe and Asia. Barrow joins from Nomura, where he was international head of sales for prime services, and has also worked as head of sales and marketing [...]
Dubai’s debts spook lenders November 26, 2009 THE POOR credit status of Dubai’s main banks has sent shockwaves through the financial world. Investors are running scared as the emirate – which has experienced huge economic growth over the past decade – runs into trouble. Emirates Bank International, National Bank of Dubai, Mashreqbank and Dubai Islamic Bank were all put on credit watch [...]