Mayor calls on business expertise December 8, 2008 London mayor Boris Johnson has recruited the help of 47 top-flight business leaders to offer him guidance and advice, it was announced yesterday. The International Business Advisory Council for London has been set up and will be chaired by Sir Martin Sorrell, chief executive of advertising group WPP. The council will advise the mayor on [...]
US problems expected to spread to UK July 14, 2008 The crisis at America’s biggest mortgage firms Fannie Mae and Freddie Mac may be occurring across the Atlantic but the shockwaves will be felt in the UK, experts warn. Speculation that US regulators were last night preparing to step-in to rescue the two companies, which are owned by shareholders but have government-sponsorship, was greeted with [...]
Never mind the credit crunch. What time’s the match? August 15, 2008 With the Premiership football season due to kick off tomorrow, London’s top-flight clubs appear to be immune to the ravages of the credit crunch, with some hopeful of attracting more fans than ever before. The stars of Chelsea, Arsenal, Tottenham Hotspur, West Ham and Fulham take to the pitch in the knowledge that fans are [...]
Lose customers’ details and you lose something else too – their trust August 27, 2008 As technology infiltrates all parts of business, it pays to be aware of the weak spots, writes David Crow Barely a week goes by without yet another loss of personal data by someone who should be trusted. Yesterday, it was the bank details of over a million Royal Bank of Scotland, NatWest and American Express [...]
BCCI £1bn case ended ‘month late’ November 3, 2005 Judge tells court of his surprise that the Deloitte action against BoE had been allowed to drag on for so long BCCI’S liquidator Deloitte was instructed by the collapsed bank’s creditor committee to immediately halt its action against the Bank of England on 26 September, but only managed to extricate itself from the £1bn litigation [...]
KPMG staff scoop £59m in bonuses October 25, 2005 Secretaries and directors at KPMG will share in a £59m bonus bonanza. The 8,950 people who make up the accountancy firm’s British workforce will share in the £59m pot, which equates to just under £6,600 per person. The bonus pot has risen 68 per cent from £35m last year, when the company gave on average [...]