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…
FTSE gains on commodities rally after price of oil rises July 1, 2009 THE FTSE 100 closed 2.2 per cent higher yesterday, fuelled by a rise in the oil price which prompted a strong rally in commodity stocks, and on hopes that the recession may be drawing to a close. The index was up 91.50 points at 4,340.71, after closing 1 per cent lower on Tuesday. “When (the [...]
