ANALYST VIEWS: HAS BSKYB IMPRESSED THE MARKET WITH ITS FULL-YEAR RESULTS? July 30, 2009 RICHARD HUNTER HARGREAVES LANSDOWNBSkyB has again confounded its doubters by posting numbers which belie the current environment. The spectres of fierce competition and rising unemployment both drag on prospects, but Sky continues to deliver in a marketplace in which it has pre-eminent experience, and the share price performance has reflected this. PAUL RICHARDS NUMIS SECURITIESWe [...]
Solvency II will hit UK insurers July 14, 2009 Most British insurers expect to spend £500,000 complying with new European Union solvency rules, according to a survey by accountants BDO Stoy Hayward. It found 61 per cent of respondents put the cost of complying with the so-called Solvency II regime at £500,000 while 19 percent predicted costs in excess of £1m. Solvency II, scheduled [...]
Solvency II will hit UK insurers July 14, 2009 Most British insurers expect to spend £500,000 complying with new European Union solvency rules, according to a survey by accountants BDO Stoy Hayward. It found 61 per cent of respondents put the cost of complying with the so-called Solvency II regime at £500,000 while 19 percent predicted costs in excess of £1m. Solvency II, scheduled [...]
CITY MOVES Who’s switching jobs July 6, 2009 BDO Stoy HaywardThe accountancy firm has hired three new partners to its London business restructuring team. Danny Dartnaill joined BDO in 2003 and has recently been involved in high-profile restructurings in the retail and asset management sectors. Nick Goldstone, who joined the firm in 2002, specialises in the leisure and hospitality sector, while insolvency practitioner [...]
CITY MOVES Who’s switching jobs July 6, 2009 BDO Stoy HaywardThe accountancy firm has hired three new partners to its London business restructuring team. Danny Dartnaill joined BDO in 2003 and has recently been involved in high-profile restructurings in the retail and asset management sectors. Nick Goldstone, who joined the firm in 2002, specialises in the leisure and hospitality sector, while insolvency practitioner [...]
Report warns on failing firms June 23, 2009 A staggering 111 businesses are expected to fail every day in 2010, according to the latest Industry Watch report by BDO Stoy Hayward, out today. The report predicts that low interest rates and policy measures aimed at boosting the economy will not halt the rate of UK business failures until at least 2011. Meanwhile rising [...]
How the Baker Street brigade are taking on the Big Four accountants June 22, 2009 YOU get the impression when you meet him that Simon Michaels, the managing partner of BDO Stoy Hayward, wants a lot of things – and one of the first is a larger slice of the UK accounting pie. Michaels, at 42 the youngest person to lead the UK’s sixth-largest professional services business, was elected to [...]
CITY MOVES WHO’S SWITCHING JOBS July 12, 2009 Gresham CollegeKen Costa, the chairman of investment bank Lazard, has been hired as the college’s professor of commerce, giving a series of lectures on “Reshaping commerce in the post-crisis world”. Costa joined Lazard as chairman in 2007 and, prior to that, was vice-chairman of UBS Investment Bank. He is also a member of the advisory [...]
Allied Carpets puts store arm into administration June 29, 2009 ALLIED Carpets, the retail chain that was taken under the control of Hilco earlier this year, is placing the unit that owns the leases on its stores into administration. The administration of Allied Carpets Properties, by City accountancy BDO Stoy Hayward, is part of a wider restructuring that is likely to see the group slim [...]
Further signs of strength for UK’s house market, says RICS June 8, 2009 THERE was further evidence earlier today that the UK housing market is beginning to recover, according to data from the Royal Institute of Chartered Surveyors (RICS). The balance of surveyors reporting falling rather than rising prices narrowed in May to -44.1, due to increased demand and tighter supply in the housing market. New buyer enquiries [...]