Top spin doctors’ PR firm hit by defections over owner strategy February 25, 2013 SIGNS of exodus yesterday at M Communications, the top flight financial public relations agency founded by City veterans Nick Miles and Hugh Morrison. According to insiders, five senior people handed in their resignations, unhappy about the way the agency’s profits are being distributed. Insiders told The Capitalist last night that M, with annual revenues of [...]
FTSE firms to put brakes on bonuses January 27, 2013 BLUE-CHIP companies plan to rein in bonus payouts for their executive staff this year, though bosses can expect to see their pay packets grow in the long run, according to research out today. One in five FTSE 100 firms expect executive bonuses to fall by at least 10 per cent this year, and 17 per [...]
Ex-rugby and cricket players discuss hanging up their boots February 24, 2013 SALAMANCA Group, the bank and consultancy firm, hosted ex-rugby player Josh Lewsey and former England cricketer Michael Vaughan at the Royal Geographical Society last week to discuss life after a career in sports or the military. Both now supporters of the charity Combat Stress, Lewsey was talking about his move from rugby to PwC and [...]
No more WAGs please: Women prefer traders January 30, 2013 GOOD news for City lotharios, especially in the run-up to Valentine’s Day. Apparently more women would rather date a City trader than a footballer. The shine is slightly taken off this news by discovering that it is only true for women looking to trade their husbands for a banker part-time. The study, by IllicitEncounters.com, the [...]
Mexico and Indonesia to eclipse UK’s GDP by 2050 January 15, 2013 THE UK is on a slow economic slide that will see it fall out of the world’s 10 biggest economies by 2050, PwC predicted this morning. In 2011, the last year for which there is complete data, the UK economy was ninth biggest in the world, measured by GDP corrected for differences in prices, but [...]
Hospital owner in talks to avert £2bn debt crisis February 10, 2013 THE owner of some of the UK’s best-known private hospital sites is to hold crunch talks with lenders over a £2bn debt pile, opening the door for a creditor takeover of the sites. General Healthcare Group, which owns 69 hospital sites including 9 Harley Street and Fitzroy Square hospital in London, is racing against time [...]
Bean counters swap the office for pantomime January 7, 2013 ONLY a couple of weeks to go now until PwC brushes away the post-festive cobwebs with the highlight of every drag-loving accountants calendar – the 27th annual Christmas cross-dressing pantomime. Over 200 staff and alumni are donning lycra and wigs for the production of Peter Pan, including a few cheeky cameos from board members Richard [...]
Schroders replaces its auditor January 9, 2013 FTSE 100 investment firm Schroders has chosen KPMG as its new auditor, replacing PwC after more than 50 years. Schroders began a tender process in September for its auditor, a mandate that rarely changes hands in Britain’s largest companies.
PwC adds 61 partners across its UK offices June 28, 2012 ACCOUNTANCY giant PwC will today announce the names of the 39 employees it will promote to its partnership next month, bringing the firm’s total new partners over the last year to 61. The other 22 partners have joined PwC in the last 12 months from other companies. Spread across the firm’s advisory, tax and assurance [...]
Aberdeen boss gets helicopter ambulance off to a flying start February 12, 2013 THE CAPITALIST recently reported that ex-Deutsche chief Graham Hodgkin had taken on the job of London’s Air Ambulance CEO – and he is wasting no time putting his stamp on the charity. The rescue chopper has had a makeover and returned from its annual service with emergency codes emblazoned on the tail. Hodgkin explained: “Our [...]