Autumn Statement: How it may affect your finances December 3, 2013 With interest rates already at record lows, the chancellor may have more bad news in store for savers Coverage of the chancellor’s Autumn Statement tomorrow will no doubt focus on the predictable headline-grabbers – fuel duty freezes, corporation tax changes, and heavily-trailed action on energy bills are all candidates. But for savers and investors, some [...]
EY to snap up rival KPMG’s Danish arm… November 20, 2013 THE DANISH arm of KPMG announced yesterday that it is to be merged into EY’s global operations, a major victory for the firm formerly known as Ernst & Young over its big four rival. Jesper Koefoed, head of KPMG’s branch in Denmark said that the organisation’s strong local market position would be beneficial in combination [...]
Deficit cut as soaring house prices raise stamp duty revenue December 5, 2013 LONDON’S housing boom is driving up stamp duty revenues sharply, Office for Budget Responsibility (OBR) numbers showed yesterday, slashing the budget deficit as increasing numbers of house buyers are dragged into higher tax bands. The rise in prices will also nearly double revenues from inheritance tax as more properties push estates beyond the £325,000 threshold. [...]
City Moves for 04 December 2013 | Who’s switching jobs December 3, 2013 Baker Tilly The professional services firm has appointed Suneel Gupta as partner in its South Asia advisory group, with a focus on the UK Asian business market and cross-border work between India and the UK. He was previously a partner at BDO, and qualified at PwC. State Street Global Advisors State Street’s asset management business [...]
City Moves for 01 November 2013 | Who’s switching jobs October 31, 2013 Legal & General Property The property business has announced the appointment of Imogen Ebbs as a senior asset manager to support its limited price inflation income property fund. She was most recently at Lloyds Banking Group, where she was an associate director in its property solutions division. Baker Tilly The accountancy firm has recruited Winn Faria [...]
City Moves for 23 October 2013 | Who’s switching jobs October 22, 2013 Deloitte The business advisory firm has appointed Olaf Theilmann as a senior partner in its financial services practice. He was most recently at Barclays, where he was European chief commercial officer and member of its executive committee. Baker Tilly The accountancy firm has announced the hire of Karen Hine as head of private client tax. [...]
City Moves for 11 October 2013 | Who’s switching jobs October 10, 2013 Smith & WilliamsonThe financial services company has announced the appointment of John Rugman as head of valuations. He was previously at PwC, where he was director of its UK regional valuation team. PwCRichard Horne has joined the professional services firm as a partner in its cyber security practice. Horne previously spent 12 years at Barclays, most recently [...]
Advisory work lifts revenue at Grant Thornton October 6, 2013 GRANT Thornton has posted a 13 per cent surge in annual revenues to £471m as the accountancy firm picks up more advisory work from large-cap firms and mid-cap audit contracts. The firm said turnover in its advisory business rose by more than a fifth in the year to the end of June, helped by an [...]
City Moves for 8 August 2013 | Who’s switching jobs August 7, 2013 Lombard The asset finance provider has announced the appointment of Richard Hemsley as managing director. He was most recently at RBS, where he was chief logistics officer in its international banking division. Speechly Bircham Victoria Younghusband has joined the City law firm as a partner in its financial services and funds team. Younghusband specialises in [...]
Bottom Line: Deal shows rising use of administration August 22, 2013 WHILE the writing had been on the wall for RSM Tenon for several months, the form of its eventual sale took many by surprise. Pre-pack administrations are an increasingly common presence on the high street, where retailers from Dreams to HMV have continued to trade following such deals, but a pre-pack for an accounting firm [...]