Big spending days of top flight are finished September 1, 2009 SPENDING by top-flight clubs shrank by 10 per cent this year – and experts say a more “risk-averse” climate means Premier League outlays will fall again in 2010. Teams in England’s top tier spent an estimated total of £450m before the summer transfer window closed yesterday evening, a reduction of around £50m on 2008’s record [...]
CITY MOVES WHO’S SWITCHING JOBS September 16, 2009 DeloitteThe business advisory firm has hired Carl Bates and Ed Marsden as partners in its technology, media and telecoms (TMT) data team. Both join from Detica, where Bates, pictured, was managing director for the UK consulting business and Marsden led the TMT practice. Bates also previously spent four years as a director at Deloitte, while [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 18, 2009 FINANCIAL TIMES LLOYDS OFFLOADS MALL FOR £300MHammerson, the UK real estate investment trust, has emerged as the preferred buyer of a £300m shopping mall near Glasgow being sold by Lloyds Banking Group after the original owner defaulted on the loan. The UK commercial property market has seen few sales by the larger lending banks, in [...]
Ernst &Young revenues rise despite crisis September 30, 2009 ERNST & YOUNG (E&Y), one of the Big Four accountancy firms, said it left its rivals in the dust in the 2008-9 year in terms of UK revenue growth. The smallest of the Big Four said UK revenues rose to £1.38bn – a 7.9 per cent gain on the £1.28bn revenues seen in the previous [...]
Mandelson extends scrappage scheme September 28, 2009 CAR industry bodies have welcomed the government’s decision to extend the cash-for-bangers scheme, saying it will help the ailing automotive sector achieve a lasting recovery. Business secretary Lord Mandelson announced at the Labour party conference yesterday a £100m extension to the scheme, which equates to 100,000 vehicles. He also widened the cut-off period to trade [...]
Downturn will be the golden age for the CFO November 25, 2009 THE current worldwide downturn is shining a spotlight on the role of the modern chief financial officer (CFO). Companies are now placing far greater reliance on the CFO’s advice and understanding than they have done in the past. Finance leaders and their teams are now seen as a valuable resource to guide companies through the [...]
FINANCIAL TIMES November 5, 2009 FINANCIAL TIMES LULA CALLS ON LEADERS TO ATTEND CLIMATE TALKSBrazil’s president has challenged other world leaders to attend next month’s climate talks in Copenhagen to break the deadlock in negotiations to cut greenhouse gas emissions. Luiz Inácio Lula da Silva told the Financial Times he would speak to Barack Obama, US president, next week to [...]
FINANCIAL TIMES November 5, 2009 FINANCIAL TIMES LULA CALLS ON LEADERS TO ATTEND CLIMATE TALKSBrazil’s president has challenged other world leaders to attend next month’s climate talks in Copenhagen to break the deadlock in negotiations to cut greenhouse gas emissions. Luiz Inácio Lula da Silva told the Financial Times he would speak to Barack Obama, US president, next week to [...]
Correction: John Connolly August 5, 2009 We stated yesterday that Deloitte senior partner and chief executive of the UK office and chairman of its global management committee John Connolly was the chief auditor to RBS. This is not the case.
CITY MOVES WHO’S SWITCHING JOBS July 29, 2009 Kreab Gavin AndersonTom Grimmer has joined communications firm Kreab Gavin Anderson as managing partner, China. Grimmer will be based in Beijing and will advise multinational companies as well as Chinese corporations with international growth plans. He has worked and studied in Asia since 1985, previously working as senior communications advisor, Asia Pacific, to Credit Suisse [...]