DAVOS DIARY January 24, 2012 THERE’S little news a skiier likes better than to hear that a bumper crop of snow awaits their arrival. Unfortunately, for those more focused on making a grand impression as they swoop into town aboard the classic Davos chariot – a personal helicopter – the weather has its inconveniences. The snow was simply too much [...]
MP triumphs as watchdog is set to publish and be damned December 11, 2011 MORE than a year after the City regulator released a paltry 298-word statement summarising its investigation into RBS, the publication today of a fuller report marks a victory for Andrew Tyrie, the chairman of the Treasury select committee. Tyrie led the public outcry when, last December, the Financial Services Authority cited legal reasons and refused [...]
Pension charge loophole is shut November 29, 2011 Employers who make asset-backed pension contributions to their company’s pension scheme will receive less tax relief, the government said yesterday, closing a popular loophole used by a growing numbers of firms. A new Finance Bill 2012 was introduced with immediate effect to ensure that any payments now made will not allow businesses to claim “excessive” [...]
I’ll streamline safety rules, says Grayling November 27, 2011 EMPLOYMENT minister Chris Grayling has revealed plans to dump dozens of health and safety rules, telling the Sunday Times: “Health and safety legislation should be all about saving lives and preventing people from serious injury, but we have a bad record on unnecessary red tape.” ”Regulations expected to be cut include “strict liability” rules, under [...]
CITY MOVES | WHO’S SWITCHING JOBS January 5, 2012 Plethora Solutions Holdings James Mellon has been appointed as a non-executive director of the urological products developer. Mellon started his career with GT Management, and later became the co-founder and managing director of Thornton Management (Asia), based in Hong Kong. He is also co-founder of Regent Pacific Group and Charlemagne Capital, chairman of Manx Financial [...]
CITY MOVES | WHO’S SWITCHING JOBS January 5, 2012 Plethora Solutions Holdings James Mellon has been appointed as a non-executive director of the urological products developer. Mellon started his career with GT Management, and later became the co-founder and managing director of Thornton Management (Asia), based in Hong Kong. He is also co-founder of Regent Pacific Group and Charlemagne Capital, chairman of Manx Financial [...]
UK business slams Barnier audit reforms November 30, 2011 A number of business groups, including the CBI, yesterday slammed Michel Barnier’s proposals to shake up the audit market, saying they were “the latest in a long line of unnecessary distractions coming out of Brussels that would only serve to add to business costs”. Matthew Fell, director for competitive markets at the CBI, the employers’ [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 28, 2011 FINANCIAL TIMES LLOYDS SET TO EASE PRESSURE ON CHIEF Lloyds Banking Group is exploring ways to reduce the workload on António Horta-Osório, its chief executive, as it attempts to convince investors he will be able to make a successful comeback from a period of medical leave. The state-backed bank is considering fortifying the support around [...]
Law firms jump the fences in a quest for capital January 19, 2012 EARLIER this week, law firm Irwin Mitchell hired Glyn Barker as its chairman designate. Barker, a 30-year veteran of PwC, built the accountancy giant’s private equity practice and was its vice chairman until the end of last month. In the corporate world, cross-hiring between industries is common – take Chris Grigg’s sideways jump from Barclays [...]
Law firms jump the fences in a quest for capital January 19, 2012 EARLIER this week, law firm Irwin Mitchell hired Glyn Barker as its chairman designate. Barker, a 30-year veteran of PwC, built the accountancy giant’s private equity practice and was its vice chairman until the end of last month. In the corporate world, cross-hiring between industries is common – take Chris Grigg’s sideways jump from Barclays [...]