Airlines feel heat of Icelandic volcano April 19, 2010 AIRLINES grounded by the eruption of an Icelandic volcano are set for further losses if airspace is closed again, with the airline industry yesterday reporting daily losses of more than £5m. “If the shutdown of the airspace in the UK and large parts of Europe [returns], it will almost certainly lead to some carriers, especially [...]
CITY MOVES | WHO’S SWITCHING JOBS April 26, 2010 PricewaterhouseCoopers Bridget Jackson has joined the accountancy firm as director of corporate sustainability, leading the firm’s internal environmental, community and corporate sustainability strategy. Jackson has over twenty years of experience in international business and strategy consulting. She joins from management consulting firm Accenture. She will report directly to managing partner Richard Collier-Keywood. Resolution The investment [...]
CITY MOVES | WHO’S SWITCHING JOBS April 22, 2010 Deloitte Timothy Mahapatra has taken up a new role at the business advisory firm as managing director of the corporate finance practice. A member of the firm’s executive, Mahapatra has over 15 years of corporate finance experience and was previously leader of Deloitte’s mergers and acquisitions programme. He succeeds Aidan Birkett, who was appointed as [...]
IHG eyes Asia as business trips return May 31, 2010 BUSINESS travel is making a welcome comeback for the hotels sector while an Asian boom is transforming the business, according to InterContinental Hotels Group finance director Richard Solomons. The executive, speaking to City A.M. at the company’s flagship Park Lane hotel, is ebullient about the prospects for the company which has pumped millions into overhauling [...]
Restaurant and pub sales bounce back March 15, 2010 Top pub and restaurant groups have seen like-for-like sales bounce back, following a dismal January. The 15 major companies participating in the The Coffer Peach Business Tracker, which include Costa Coffee group Whitbread, collectively saw like-for-like sales up 1.3 per cent against the same month last year. Total sales were ahead 3.0 per cent on [...]
CITY MOVES | WHO’S SWITCHING JOBS April 19, 2010 Bluefin Corporate Consulting The consulting firm, part of Bluefin Advisory Services, which is owned by Axa UK, has appointed Sean Glasgow as its new head of investments. Glasgow previously worked in a variety of roles both in the UK and internationally. He has held senior positions at soft drinks giant Coca-Cola and in the investment [...]
CITY MOVES | WHO’S SWITCHING JOBS April 15, 2010 Deloitte The accountancy firm has appointed Mark Lillie and Jeremy Harris as partners in its energy, infrastructure and utility practice. Lillie, pictured, will head up the IT strategy team and joins from Booz and Company, where he was partner and vice president. Harris joins the programme leadership consulting practice, focusing on construction and infrastructure projects, [...]
Job interviews are back, so it’s time to work on your technique May 26, 2010 FOLLOWING two years of relative stagnation in the City jobs market, where any movement tended to be of the non-voluntary nature, hiring is back in the Square Mile. The most recent employment report from KPMG shows that hiring is up 29 per cent in the private sector, compared to the previous quarter. Unsurprisingly, the biggest [...]
Weighing up that big move overseas April 15, 2010 IN THE past two weeks BlueCrest, one of the largest hedge funds in the City, and chemicals group Ineos have both announced they are leaving the UK for tax reasons, relocating to Guernsey and Switzerland. But will the UK’s tax and regulation laws force entrepreneurs to do the same? Yes, says David Kilshaw, partner at [...]
iSoft man lands eight-year ban March 22, 2010 IAN Storey, a former iSoft employee, was banned from practising as an accountant for eight years yesterday after providing false information to auditors. The financial controller of the UK-based healthcare software company admitted he had given “false and misleading information to iSoft’s former auditors over a two-year period in relation to a purported iSoft contract” [...]