Daily Mail is confident of media revival February 10, 2010 NEWSPAPER group Daily Mail and General Trust (DMGT) today hinted that the media sector may be finding its feet after a very tough 2009 although it still remains cautious in its outlook. The FTSE 250 group saw revenue fall eight per cent on an underlying basis to £482m in the three months to December as [...]
ANALYST VIEWS: IS PUBLISHER YELL GOING IN THE RIGHT DIRECTION ? February 4, 2010 SAM HART| CHARLES STANLEY Although the company is being upbeat, the outlook is not good for Yell. The company has major structural issues and the move from print to online operations is a headache. Shares did rise after the statement but sales are down in the UK and elsewhere – there are more problems ahead. [...]
We will never know the full extent of City fraud February 1, 2010 ACCORDING to accountancy network BDO’s recent Fraudtrack survey, there was more than £2bn of reported fraud in 2009, a 76 per cent increase on the previous year. The chief motivator for fraud is – perhaps unsurprisingly – greed and a desire for a lavish lifestyle. Other possible motivators, such as debt, marital problems, drugs, alcohol, [...]
Confidence propels company valuations to two-year high January 24, 2010 Company valuations rose sharply last year to reach their highest levels since early 2007, according to an index by accountancy firm BDO. Public companies are now valued at an average multiple of 15.1 times earnings, up 78 per cent over the year. The value of private companies has risen to its highest level in two [...]
Firms reduce ad spending January 17, 2010 COMPANIES continued to reduce their advertising budgets in the final quarter of 2009, although most expect to increase spending this year. The latest bellwether survey, published today by the Institute of Practitioners in Advertising (IPA) and accountancy firm BDO, found that 25 per cent of companies reduced their marketing spend in the three months to [...]
Economic cheer at its highest level for two years as 2010 marks turning point January 13, 2010 ECONOMIC optimism is at its highest level for two years according to a business trends report, published yesterday, by accountants and business advisers BDO. The Business Trends output index was up significantly to 99.7 in December from 96.3 in November –?the biggest rise since the end of the early 90s recession. The sharp increase was [...]
BDO consider PDC takeover January 11, 2010 DARTS: British Darts Organisation chief Olly Croft says he is considering a takeover offer from rival organization, the Professional Darts Corporation. Croft rejected an offer from PDC chief Barry Hearn for £1m, plus a further £1m to invest in grass roots, back in October. He said: “My opinion is that it has no substance but [...]
Annual fraud breaks the £2bn barrier and could treble soon January 10, 2010 REPORTED fraud in the UK broke the £2bn barrier for the first time and could treble over the next two years. New research from business advisers BDO suggests that business and public sector fraud rocketed a staggering 76 per cent last year with both the number and size of frauds increasing dramatically. And it warns [...]
WOLFIE’S ON TOP OF THE WORLD January 10, 2010 WILY Martin ‘Wolfie’ Adams held off a thrilling comeback from Dave Chisnall to become BDO World Darts Champion for a second time. Chisnall, 29, roared back from 3-0 down to level at 4-4, but Adams held his nerve to claim a 7-5 victory. At 53, he breaks his own record as the oldest champion in [...]
Man dies at Lakeside darts January 7, 2010 DARTS: A man who went to Lakeside to watch the BDO world championship was yesterday found dead under the frozen lake at the tournament’s venue. “It’s a tragedy,” said Robert Holmes of the British Darts Organisation. “A body was taken from the lake and it was someone who had been here to watch the darts. [...]