Dunelm stock plunges as ex-chief sells 7.5m shares March 5, 2012 JUST OVER a year after stepping down as chief executive of Dunelm, Will Adderley, along with his wife Nadine, got rid of a 3.7 per cent stake in the soft furnishings family business. But Will, the son of the company’s founder, insists he “remains fully committed to Dunelm”, is staying on as executive deputy chairman [...]
CITY MOVES | WHO’S SWITCHING JOBS March 5, 2012 Warburg Pincus The private equity firm focused on growth investing has announced the appointment of Francesco Granata as an executive-in-residence, focusing on the healthcare sector. Granata will be based in Warburg Pincus’ London office, and will help the firm assess new investments in the biopharmaceutical sector. He has over 35 years experience in the pharmaceutical [...]
Tax reform is long overdue: The coalition must act soon to boost long-term growth March 15, 2012 THE CONTENT of next week’s budget has been the subject of intense speculation. What will the magic budget briefcase contain? A tycoon tax or a cut in the 50p rate? Help for small businesses or low earners? Relief from rising fuel duty or restrictions on pension tax relief? Most of this discussion is around short-term [...]
Lib Dems call on Osborne to soak the rich February 20, 2012 SENIOR Liberal Democrats are lobbying George Osborne to fund tax cuts for low earners by clobbering the rich in his Budget next month. David Laws, the influential former chief secretary to the Treasury, is expected to use an interview on BBC Newsnight tonight to call on the chancellor to raise the threshold at which people [...]
CITY MOVES | WHO’S SWITCHING JOBS January 15, 2012 Grosvenor Group Former Morgan Stanley managing director Owen Thomas has joined the board of the global property group Grosvenor as a non-executive director. Thomas was most recently CEO of Morgan Stanley’s Asian operation, chairman of Morgan Stanley Real Estate Investing, chairman of Mitsubishi UFJ Morgan Stanley Securities and a member of the bank’s management committee. [...]
The man with the Big Four in his sights April 9, 2012 THERE is much that separates BDO, Britain’s number six accountancy firm, from the so-called Big Four. One of the lesser known differences is that Simon Michaels, the managing partner of BDO, didn’t go to university, instead taking a training place at the accountant immediately after his A-Levels in 1987. It certainly hasn’t held him back. [...]
The man with the Big Four in his sights April 9, 2012 THERE is much that separates BDO, Britain’s number six accountancy firm, from the so-called Big Four. One of the lesser known differences is that Simon Michaels, the managing partner of BDO, didn’t go to university, instead taking a training place at the accountant immediately after his A-Levels in 1987. It certainly hasn’t held him back. [...]
RAPID responses April 15, 2012 Unbreakable bonds [Re: We need an open contest to decide who will run the Bank, Thursday] Allister Heath argues that the £300bn plus held by the Bank of England in government bonds should be cancelled to reduce the government’s debt and interest bill. Cancelling the bonds would undermine the credibility and independence of the Bank [...]
EU pension plans could hurt all worker schemes January 4, 2012 PENSION scheme reforms being mooted by the European Union could wipe out all pension provision in the UK – not just the defined benefit schemes currently struggling to stay open, accounting group PwC said yesterday. PwC estimates that the plans, which would force pension schemes to hold solvency capital in the same way as banks, [...]
EU pension plans could hurt all worker schemes January 4, 2012 PENSION scheme reforms being mooted by the European Union could wipe out all pension provision in the UK – not just the defined benefit schemes currently struggling to stay open, accounting group PwC said yesterday. PwC estimates that the plans, which would force pension schemes to hold solvency capital in the same way as banks, [...]