Accountants hit by sharp rise in claims March 28, 2010 PROFESSIONAL negligence claims taken out against accountants in the High Court significantly jumped last year as a result of the global recession. The High Court heard 13 professional negligence claims taken against accountants in 2009, according to data published by law firm Reynolds Porter Chamberlain (RPC). The number marks a sharp increase from the previous [...]
WE’LL LEAVE YOU DEBT-FREE October 6, 2010 LIVERPOOL’S prospective owners New England Sports Ventures last night eased supporters’ fears by promising their takeover will leave the club debt-free. The American group, led by hedge fund millionaire and Boston Red Sox owner John Henry, have pledged that their estimated £300m bid will wipe out any existing debt at Anfield. And, crucially, they have [...]
Metro Bank vows to employ 500 staff by next year as it opens second branch September 2, 2010 HIGH STREET upstart Metro Bank said it would employ more than 500 staff by the end of next year as it opened its second branch in the UK. Chief executive Craig Donaldson told City A.M. the retail deposit taker, which aims to attract disillusioned customers from other major lenders, would have 200 employees by Christmas. [...]
Portsmouth could end its administration hell soon March 16, 2010 PREMIER League club Portsmouth could come out of administration in six to eight weeks, administrator Andrew Andronikou said yesterday after a High Court winding up order was suspended. The troubled club was back in the High Court to address revenues and customs concerns about the process in which it entered administration last month – a [...]
Q&A October 7, 2010 CEO AND FOUNDER OF UPAD.CO.UK Q.Dear James, my tenant can’t provide a reference from a previous landlord. Is that a problem? A.When you’re assessing whether a tenant is right for your property, you can do all sorts of checks. That could be a credit reference, bank reference, employer’s letter and all sorts. You then have [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 10, 2010 FINANCIAL TIMES GREENSPAN WARNS OVER WEAKER DOLLAR The US is pursuing a policy of weakening its currency which is driving up exchange rates in the rest of the world, according to Alan Greenspan, the former chairman of the Federal Reserve. Writing in today’s Financial Times ahead of the G20 meeting in Seoul, Greenspan argues that [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 10, 2010 FINANCIAL TIMES GREENSPAN WARNS OVER WEAKER DOLLAR The US is pursuing a policy of weakening its currency which is driving up exchange rates in the rest of the world, according to Alan Greenspan, the former chairman of the Federal Reserve. Writing in today’s Financial Times ahead of the G20 meeting in Seoul, Greenspan argues that [...]
Tullett defends Smith’s £4.65m pay deal April 14, 2010 INTER-DEALER broker Tullett Prebon yesterday strongly defended the payment of a £4m bonus to chief executive Terry Smith after a year in which its operating profits fell. Operating profits at Tullett fell from £175.3m to £170.8m but Smith was awarded a total pay package of £4.65m, the same pay as he received the previous year. [...]
Network Rail to seek strike injunction March 31, 2010 A LEGAL standoff between Network Rail and trade union RMT has been pushed back to today, after the rail operator threatened to seek an injunction against a proposed strike by signalling staff. The two will meet this morning in front of a High Court judge to push for an injunction to prevent a three-day walkout [...]
The ash is back May 17, 2010 BRITAIN’S airline industry is facing a fresh set of threats this week as aviation authorities prepare to close a number of airports ahead of a new and highly dense ash cloud which is expected to drift across the UK. Last night Heathrow, Gatwick and City airports were closed from 1am until at least 7am today. [...]