REVEALED: THE LOVELIEST CITY LADIES June 29, 2009 1. SARAH DAVISONRBS SEMPRA METALSIt’s finally official – the gorgeous Miss Davison, who has graced the pages of City A.M. several times since her initial appearance on the front cover last year, is the loveliest lady the business world has to offer. Sarah has worked as a metals trader for RBS Sempra Metals for around [...]
Treasury appoints B&B valuer June 24, 2009 The Treasury has appointed PricewaterhouseCoopers (PwC) valuation expert Peter Clokey as independent valuer for the Bradford & Bingley compensation scheme. Shares in the mortgage lender were transferred into temporary public ownership last September as it neared collapse. Clokey will now lead a PwC team to determine the value of any compensation payable to shareholders of [...]
Fears over UK pensions June 23, 2009 NINETY-SIX per cent of blue chip companies say their final salary schemes are unsustainable, according to a PricewaterhouseCoopers (PwC) report. And Prudential said people on defined contribution schemes would end up with a quarter of what those on final salary plans will get. The news came as the OECD put Britain at the bottom of [...]
How the Baker Street brigade are taking on the Big Four accountants June 22, 2009 YOU get the impression when you meet him that Simon Michaels, the managing partner of BDO Stoy Hayward, wants a lot of things – and one of the first is a larger slice of the UK accounting pie. Michaels, at 42 the youngest person to lead the UK’s sixth-largest professional services business, was elected to [...]
Morgan Stanley in Keydata interest June 15, 2009 MORGAN Stanley, the US investment banking giant, has joined a growing list of parties expressing interest in buying collapsed structured product provider Keydata. The bank already offers its own structured products to UK investors through the Morgan Stanley IQ brand, but it is thought to be keen to snap up the £2.8bn of assets Keydata [...]
Loss of personal wealth drops June 14, 2009 Personal wealth loss from the credit crunch shrunk to £36,000 in May, from £40,000 in March, a survey out today will say. Recent recoveries in share prices and house prices have reduced the total UK household wealth loss from the credit crisis from its peak of around £1.9 trillion in March 2009 to around £1.7 [...]
Loss of personal wealth drops June 14, 2009 Personal wealth loss from the credit crunch shrunk to £36,000 in May, from £40,000 in March, a survey out today will say. Recent recoveries in share prices and house prices have reduced the total UK household wealth loss from the credit crisis from its peak of around £1.9 trillion in March 2009 to around £1.7 [...]
Bidders eye up Keydata assets June 9, 2009 KEYDATA Investment Services has attracted a line-up of potential new buyers after going into administration. Specialist investment boutique Jubilee Financial Products and Opal, a provider of structured product services, are two of the companies who have approached administrators Pricewaterhouse-Coopers (PwC). The Financial Services Authority (FSA) placed the firm, which has 85,000 investors, into administration. PwC [...]
LDV in administration as all staff made redundant June 8, 2009 AILING van maker LDV yesterday laid off all its workers after it was put into administration. LDV, which is owned by Oleg Deripaska’s GAZ, employed 850 people directly and thousands more in dealerships and supply chains. PricewaterhouseCoopers (PwC) will now take over the running of the firm. “There is still the opportunity of a bright [...]
Keydata falls into administration June 8, 2009 Investment firm Keydata Services has gone bust, leaving its 85,000 clients uncertain about the future of its £2.8bn of funds. City watchdog the Financial Services Authority (FSA) has placed the firm into administration with Pricewaterhouse-Coopers (PwC). PwC is now hunting for a buyer for the firm’s assets but a liquidation of the company remains a [...]