Shearings for sale for £40m April 17, 2011 The coach holiday company Shearings has been put up for sale by 3i for an estimated £40m, according to reports yesterday. 3i, the London-listed private equity company which bought the firm from Bridgepoint Capital, last year appointed advisers from Deloitte to find a buyer for the company. But after a deal with a trade buyer [...]
House prices slip in June July 12, 2011 House prices fell more than expected last month, as worries about the economic outlook deterred homeowners from putting their properties up for sale and buyers remained hesitant, a survey showed Tuesday. The Royal Institution of Chartered Surveyors’ seasonally adjusted house price balance inched up to -27 in June from -28 in May, below forecasts for [...]
NO PLAN B FOR BRITAIN SAY TORY BELIEVERS July 7, 2011 DON’T have a business card on you? No problem – just write your name on the back of a £50 note and drop that in the hat for the City lunchtime raffle instead. Yes, it could only be the annual fundraising gathering of The Cities of London & Westminster Conservative Association, where the Tory body’s [...]
Rok chief takes on new job April 11, 2011 Garvis Snook, the ex-chief executive of failed housing repair firm Rok, has taken a chairmanship at new Exeter-based firm Repair-Rite (UK), documents filed at Companies House show. Snook took up the new role at the end of March, a month after Repair-Rite was incorporated and just over four months after Rok called in PwC as [...]
Rok chief takes on new job April 11, 2011 Garvis Snook, the ex-chief executive of failed housing repair firm Rok, has taken a chairmanship at new Exeter-based firm Repair-Rite (UK), documents filed at Companies House show. Snook took up the new role at the end of March, a month after Repair-Rite was incorporated and just over four months after Rok called in PwC as [...]
IT’S A GAS FOR CLARE AT BANKER BRIEFING April 20, 2011 HOW can money be the same as gas? It’s a good question, and one that bankers were giving serious thought yesterday at a lunchtime talk at Clifford Chance by Clare Spottiswoode, member of the Independent Commission on Banking. The former gas regulator had been briefed to update 34 high-powered bankers, including Antony Jenkins, group chief [...]
IT’S A GAS FOR CLARE AT BANKER BRIEFING April 20, 2011 HOW can money be the same as gas? It’s a good question, and one that bankers were giving serious thought yesterday at a lunchtime talk at Clifford Chance by Clare Spottiswoode, member of the Independent Commission on Banking. The former gas regulator had been briefed to update 34 high-powered bankers, including Antony Jenkins, group chief [...]
PwC boss urges audit review October 6, 2010 IAN POWELL, PwC’s chairman and senior partner has called on the auditing profession to examine its role and responsibilities, and evaluate how it can change. Speaking last night, Powell said that the current public debate is focused on the “value and relevance” of the traditional audit. He said: “While there is no single right answer [...]
Middle East, China boost PwC revenue October 3, 2010 ACCOUNTANCY giant PwC has seen revenues inch up 1.5 per cent in the past year, as booming demand from the emerging markets offset a slowdown in corporate activity and margin pressure from an aggressively competitive pricing environment. PwC will announce this morning that gross revenues hit $26.6bn (£16.8bn) across its global business in the year [...]
Jitters hit Edwards as listings struggle April 6, 2011 DEMAND for shares in Edwards, the vacuum technology group that intends to float in London, is too low to guarantee an initial public offering (IPO) will go ahead, sources said last night. Edwards is due to price its shares before the end of the week, but there have been concerns over the appetite for stock. [...]