Recession risk on low morale February 5, 2012 BUSINESSES are slashing investment, slowing hiring and freezing pay thanks to worries over the economic outlook, according to the Institute of Chartered Accountants in England and Wales’s (ICAEW) business confidence monitor, published today. Sentiment among small manufacturers declined for the third quarter running according to the Confederation of British Industry (CBI). However, services output expanded [...]
Recession risk on low morale February 5, 2012 BUSINESSES are slashing investment, slowing hiring and freezing pay thanks to worries over the economic outlook, according to the Institute of Chartered Accountants in England and Wales’s (ICAEW) business confidence monitor, published today. Sentiment among small manufacturers declined for the third quarter running according to the Confederation of British Industry (CBI). However, services output expanded [...]
Directors hit back at Balls’ pensions plan March 12, 2012 THE LABOUR Party has demanded a raid on tax relief that top earners are currently granted on their pension contributions – provoking an angry reaction from business chiefs. Shadow chancellor Ed Balls said yesterday that the relief should be slashed from 50 per cent to 26 per cent. “Ed Balls seems to think that this [...]
Budget 2012: what will be in Osborne’s red box? March 12, 2012 ● STAMP DUTY The chancellor appears likely to close a loophole by which people can avoid paying stamp duty on properties by putting expensive properties in off-shore firms. Stephen Herring, a senior tax partner at BDO, said the change is “as close to a dead cert as you can get”. ● MANSION TAX The Conservative [...]
Company fraud grows 50 per cent to hit a record £2bn, says new report January 8, 2012 COMPANY fraud hit £2bn for the first time in 2011 – up 50 per cent on the previous year – a survey published today reveals. The 2011 FraudTrack report by accountants BDO – which collates data from all reported fraud cases over £50,000 – shows a dramatic rise in both the number and average value [...]
Acquisition volumes jumped as equities’ prices declined in 2011 January 29, 2012 CORPORATE acquisition volumes jumped in 2011 as prices fell, with the retail sector experiencing the biggest rise, professional services firm BDO revealed yesterday. The group’s Private Companies Price Index (PCPI) showed the price-earnings multiples paid by trade buyers fell from an average of 11.7 times in 2010 to 10.6 times in 2011, helping boost sales. [...]
Acquisition volumes jumped as equities’ prices declined in 2011 January 29, 2012 CORPORATE acquisition volumes jumped in 2011 as prices fell, with the retail sector experiencing the biggest rise, professional services firm BDO revealed yesterday. The group’s Private Companies Price Index (PCPI) showed the price-earnings multiples paid by trade buyers fell from an average of 11.7 times in 2010 to 10.6 times in 2011, helping boost sales. [...]
CITY MOVES | WHO’S SWITCHING JOBS March 7, 2012 INREV The non-profit association yesterday announced Patrick Kanters as chairman at its AGM. Kanters has previous experience as a global investor, formerly working at ING Real Estate. Kanters is also a member of the Executive Board of EPRA and sits on the board of investing firm Steen & Strom. In his new position, he will [...]
Blue Inc to take on D2 shops January 5, 2012 Blue Inc, the fashion chain backed by Sir Stuart Rose and the Reuben brothers, is set to buy up most of the remaining shops from collapsed retailer D2 Jeans. The retailer will take on around 20 of D2’s outlets from administrator BDO, according to reports. D2, which was formerly owned by billionaire Sir Tom Hunter, [...]
Blue Inc to take on D2 shops January 5, 2012 Blue Inc, the fashion chain backed by Sir Stuart Rose and the Reuben brothers, is set to buy up most of the remaining shops from collapsed retailer D2 Jeans. The retailer will take on around 20 of D2’s outlets from administrator BDO, according to reports. D2, which was formerly owned by billionaire Sir Tom Hunter, [...]