Hutchings makes Lupus exit July 1, 2009 THE entrepreneur Greg Hutchings yesterday stood down from his executive chairman role at Lupus Capital, the group he founded in 2004 to invest in building materials and construction-related businesses, as it renegotiated its banking facilities. Lupus has for some months been struggling because of its exposure to the moribund housing market and has been weighed [...]
CITY MOVES WHO’S SWITCHING JOBS July 1, 2009 MorseThe IT services and technology company has poached Guy Millward as group finance director from Kewill, where he also held the position of finance director. He originally qualified as a chartered accountant with Ernst and Young. Morse also said yesterday that Kevin Loosemore will return to his original role as non-executive chairman. He will also [...]
SLUMDOG MILLIONS FOR CINEWORLD July 1, 2009 CINEWORLD, the cinema chain, said yesterday it saw healthy trading in the first six months of the year with revenues up 16.5 per cent on the back of a string of blockbusters, including runaway success Slumdog Millionaire, which grossed over £31m in the UK and Ireland. The firm said the rest of the year looks [...]
New partners at Big Four firms July 1, 2009 PricewaterhouseCoopers yesterday announced the admission of 33 new partners with effect from 1 July 2009 in addition to 21 partners recruited externally during the course of the year. Meanwhile, Big Four rival Ernst & Young announced the admission of 48 new partners across the UK and Ireland with immediate effect.
Hong Kong deal for Balfour Beatty July 1, 2009 Balfour Beatty, the international engineering, construction, services and investment Group, announces today that Gammon Construction, its joint venture in South East Asia, has been awarded a contract in excess of HK$1.5 billion (£120m) by Hysan Development Company for the redevelopment of the Hennessy Centre in the Causeway Bay district of Hong Kong.
Food for growth at Sodexo July 1, 2009 French catering and services group Sodexo stuck to its earnings targets as healthcare and education contracts, and its vouchers unit compensated for a decline in spending by corporate clients. The world’s second-biggest caterer after Britain’s Compass Group said it was continuing to target full-year sales growth of four to seven per cent at constant currency [...]
Credit Suisse hands over names July 1, 2009 Swiss bank Credit Suisse yesterday said it will pass the names of clients holding French securities to the French markets authority. A Credit Suisse spokesman said the bank, one of the world’s biggest wealth managers, has sent a letter to French clients holding French stocks or bonds. Access to Swiss client names is a sensitive [...]
PREMIER TAX EXPERT STILL IN THE LEAGUE July 1, 2009 IT WAS au revoir (but not goodbye) last night at a leaving party at City restaurant Manicomio for PricewaterhouseCoopers’ John Whiting, the popular tax adviser who’s often been dubbed “Britain’s most quoted accountant”. Whiting – who’s known as “Mr T” on his regular stints on the BBC 2 Working Lunch sofa – has already started [...]
CITY EYE July 1, 2009 THE sun glints off the glass facades of the Gherkin and the Lloyd’s and Willis insurance buildings yesterday as the City enjoyed yet another day of glorious weather. Looks like that summer-to-beat-all-summers is finally here, folks…
BISCHOFF TO CHAIR LLOYDS June 30, 2009 SIR Win Bischoff, the ex-Citigroup chairman and veteran banker, is set to be named the next chairman of Lloyds Banking Group, it emerged last night. UK Financial Investments has asked the 67-year-old, who stepped down from Citi in February, to take the reins at the bank and lead it through the integration of HBOS, the [...]