Hammerson in exclusive talks to buy British malls worth £400m December 16, 2010 PROPERTY firm Hammerson has entered exclusive talks to buy six shopping centres worth around £400m from Kuwaiti property company St Martins, a source familiar with the deal said yesterday. Retail-focused Hammerson is the preferred bidder for malls including Centrale in Croydon and West 45 in Hammersmith, as well as several retail parks that includes Riverside [...]
CITY MOVES | WHO’S SWITCHING JOBS November 24, 2010 PricewaterhouseCoopers PricewaterhouseCoopers (PwC) has appointed Andrew Miller to lead its government information security services offering as part of PwC’s continued investment in the development of its risk assurance practice. Prior to joining PwC, he was at Fujitsu Defence & Security where he was responsible for transforming its security services portfolio. Mercer Mercer has made three [...]
Mouchel calls in Deloitte as austerity bites December 2, 2010 MOUCHEL yesterday confirmed Deloitte has been drafted in to examine how far the firm’s future income could drop, sparking fears it could follow Connaught and Rok into administration. The engineering consulting and design group has been rocked by swingeing cuts in government spending, resulting in the haemorrhaging of contract income. Deloitte was called in by [...]
CITY MOVES | WHO’S SWITCHING JOBS December 15, 2010 Threadneedle Asset manager Threadneedle has hired Michael Langlois (pictured) as its head of wholesale distribution, Asia. He will begin work in January and will be working closely with Raymundo Yu. Langlois will be in charge of relationships with Asian financial institutions and also of dealings with global private banks. He joins the firm from Permal [...]
CITY MOVES | WHO’S SWITCHING JOBS December 15, 2010 Threadneedle Asset manager Threadneedle has hired Michael Langlois (pictured) as its head of wholesale distribution, Asia. He will begin work in January and will be working closely with Raymundo Yu. Langlois will be in charge of relationships with Asian financial institutions and also of dealings with global private banks. He joins the firm from Permal [...]
PwC unveils £7.3bn Lehman pay out plan June 16, 2010 THE ADMINISTRATORS of Lehman Brothers’ European business could start to divvy up roughly £7.3bn in cash from the fallen bank if creditors give a new claims plan the green light. PricewaterhouseCoopers (PwC), which was appointed as joint administrator of Lehmans in 2008, unveiled the plan referred to as the “Consensual Approach” that could see the [...]
Hundreds more job losses at Rok November 11, 2010 Collapsed housing repair firm Rok will lose 268 more jobs on top of the 700 cuts already announced, administrator PwC said yesterday. The job cuts will fall in the Scottish plumbing, heating and electrical business. PwC said it was forced to make the redundancies after talks with potential buyers of the business fell through on [...]
Hundreds more job losses at Rok November 11, 2010 Collapsed housing repair firm Rok will lose 268 more jobs on top of the 700 cuts already announced, administrator PwC said yesterday. The job cuts will fall in the Scottish plumbing, heating and electrical business. PwC said it was forced to make the redundancies after talks with potential buyers of the business fell through on [...]
PwC is appointed as Fabric nightclub’s administrator June 2, 2010 PRICEWATERHOUSECOOPERS was yesterday appointed as administrator for London superclub Fabric. The dance-music venue will remain open while administrators seek a new buyer, but is no longer accepting credit cards. David Chubb and Colin Haig of PricewaterhouseCoopers will handle the account. They worked together on the administration of bridging loan firm Link Lending last month. Chubb [...]
700 jobs are cut at Rok November 10, 2010 MORE THAN 700 jobs have been cut at stricken housing repair company Rok after it plunged into administration on Monday. Administrator PwC said the cuts mostly fall in the firm’s maintenance and construction operations, in an effort to trim down the 3,800-strong payroll ahead of a possible sale. Mike Jervis, partner and joint administrator for [...]