DAREDEVIL CHIEF ROLET BRINGS A BREATH OF FRESH AIR TO FUSTY LSE September 17, 2009 XAVIER Rolet is certainly freshening things up over at the London Stock Exchange. The exchange’s new boss has been busy over the past few weeks, having shaken up the LSE’s marketing team, struck a deal to replace its IT provider and got rid of its trusted PR adviser Finsbury (the super-spinner and its arch-rival Brunswick [...]
Cattles axes seven more executives July 1, 2009 DOORSTEP lender Cattles has launched a boardroom bloodbath, axing seven executives linked to a “breakdown in internal controls”. Finance director James Corr, chief operating officer and chairman of credit division Welcome Financial Services Ian Cummine and another unnamed senior executive of Welcome all had their contracts terminated after the review by law firm Freshfields Bruckhaus [...]
Bay Trading salvaged by sale to Rinku Group May 19, 2009 FASHION chain Bay Trading has been rescued by a last-ditch sale to clothing wholesaler and retailer Rinku Group, administrator Deloitte said yesterday. Rinku, which owns the Tigi-Wear, Viz-a-Viz and iZ clothing brands, has bought 45 of Bay Trading’s stores and 85 concessions. The chain’s remaining 125 outlets will be wound up and returned to landlords [...]
Law firms see fee incomes fall June 14, 2009 LEGAL giants saw their fee incomes dive by 4.3 per cent in the quarter to end April compared with last year, dragging down their full-year results. Deloitte’s Quarterly Legal Sector Survey found performance has continued to decline, with chargeable hours per fee-earning lawyer falling 7.1 per cent compared with last year across the top 100 [...]
Law firms see fee incomes fall June 14, 2009 LEGAL giants saw their fee incomes dive by 4.3 per cent in the quarter to end April compared with last year, dragging down their full-year results. Deloitte’s Quarterly Legal Sector Survey found performance has continued to decline, with chargeable hours per fee-earning lawyer falling 7.1 per cent compared with last year across the top 100 [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 10, 2009 FINANCIAL TIMES BBC ARM WINS COURT RULING ON 2ENTERTAINBBC Worldwide, the BBC’s commercial arm, has won a court case against the administrators of Woolworths over the value of their 2Entertain joint venture. The decision at the High Court in London is likely to face an appeal by Deloitte, the administrators, who are fighting to maximise [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 10, 2009 FINANCIAL TIMES BBC ARM WINS COURT RULING ON 2ENTERTAINBBC Worldwide, the BBC’s commercial arm, has won a court case against the administrators of Woolworths over the value of their 2Entertain joint venture. The decision at the High Court in London is likely to face an appeal by Deloitte, the administrators, who are fighting to maximise [...]
Emerging private equity plunges May 27, 2009 Private equity activity in emerging markets has plunged by 60 per cent since the credit crunch took hold, according to a study by accountancy giant Deloitte and Arbor Square Associates. The first quarter of 2009 saw just 51 private equity deals take place in emerging countries, compared to 128 deals in the third quarter of [...]
CITY MOVES WHO’S SWITCHING JOBS June 2, 2009 DeloitteThe business advisory firm has appointed Anne Hamilton to lead its insurance tax team. Hamilton was previously a tax partner at rival PricewaterhouseCoopers. “In light of Solvency II we anticipate that there will be considerable restructuring work to make sure that insurance companies’ balance sheets have capacity,” said Deloitte head of UK insurance Mark Fitzpatrick. [...]
The private equity boss who says credit is about to flow once again October 5, 2009 THE economic downturn has meant that private equity business Duke Street, like the rest of the industry, has spent the last 12 months treading water – and its managing partner Peter Taylor is keen the firm gets on with things over the coming year. Cutting deals is meat and drink to London’s private equity industry. [...]