Administrations up 18 per cent August 2, 2009 The number of firms in financial trouble rose by 18 per cent in the first half of the year, compared to the first half of 2008, as the financial crisis presented an increasingly hostile environment for business. Research from Deloitte shows more firms collapsed but the rate of collapse is slowing, with the number of [...]
BANKS HIDE BEHIND DISGUISE AT GLORIOUS GOODWOOD WASH-OUT July 30, 2009 A RIGHT royal washout yesterday at the third day of Glorious Goodwood, one of the City’s favourite sporting events (read: an extravagant booze-up in posh suits and frocks). The rain came down hard on several occasions, sending those who had arrived for the annual Ladies Day scuttling for cover under their hats – and huddling [...]
BANKS HIDE BEHIND DISGUISE AT GLORIOUS GOODWOOD WASH-OUT July 30, 2009 A RIGHT royal washout yesterday at the third day of Glorious Goodwood, one of the City’s favourite sporting events (read: an extravagant booze-up in posh suits and frocks). The rain came down hard on several occasions, sending those who had arrived for the annual Ladies Day scuttling for cover under their hats – and huddling [...]
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 [...]
PM hails a golden era after England get World Cup nod July 28, 2009 PRIME Minister Gordon Brown yesterday hailed the prospect of Britain’s “decade of sport” after England was named hosts of the 2015 Rugby World Cup. The boost – worth an estimated £2.1bn to the economy, according to Deloitte – came on the same day Britain was awarded the 2013 Rugby League World Cup. London already has [...]
Canis to sell off Setanta slots July 22, 2009 PAY-TV channel consultancy Canis Media has been appointed to sell the nine slots left available on the Sky digital platform after the collapse of Setanta’s British operations. Deloitte, which is handling the administration, asked Canis to handle this latest stage of winding down Setanta’s business, which could raise up to £1m. Canis will also handle [...]
Vasanta secures a crucial cash injection from Endless July 21, 2009 OFFICE supply giant Vasanta has announced it has secured lifeline funding from turnaround group Endless Investments, in return for handing a 79 per cent stake to the private equity house. The group has avoided collapse through a £30m cash injection from an Endless-led syndicate. The deal will also see 29 per cent of the firm’s [...]
City’s most successful accountant still has plenty of fire in his belly July 20, 2009 IT IS EASY to tell when you are nearing , Deloitte boss John Connolly’s office because an awful lot of people you bump into in the firm’s corridors begin to ask about his welfare. “Is John in?” asks one, a tad nervously. “What mood is he in today?” asks another. There is a feeling of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 19, 2009 THE SUNDAYSThe Sunday TelegraphENGINE IN DRIVE FOR EXPANSIONThe advertising agency that created the 118 directory enquiries runners is seeking £50m to fund an international expansion drive that will take it to the US and the Far East. The Engine Group has appointed advisers at Jefferies and the corporate finance arm of Ingenious Media to secure [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 19, 2009 THE SUNDAYSThe Sunday TelegraphENGINE IN DRIVE FOR EXPANSIONThe advertising agency that created the 118 directory enquiries runners is seeking £50m to fund an international expansion drive that will take it to the US and the Far East. The Engine Group has appointed advisers at Jefferies and the corporate finance arm of Ingenious Media to secure [...]