Deloitte woos Roland Berger November 18, 2010 DELOITTE Touche Tohmatsu is in advanced talks about a possible takeover with Roland Berger Strategy Consultants it emerged yesterday. The discussions to merge the German firm with Deloitte’s strategic consulting practice are in line with consolidation activity in the wider consulting sector this year. Risk management firm Aon acquired Hewitt Associates in a $4.9bn (£3.05bn) [...]
Inflation is like a hole in every saver’s pocket November 18, 2010 INFLATION is a global concern at the moment. In China, rocketing food prices have pushed up inflation to 4.4 per cent, prompting a 50 basis point rise in interest rates and a short crash in global equity and commodity prices. That must be galling for British savers – according to the Office for National Statistics; [...]
Airbus to seek compensation for Rolls-Royce engine failure November 18, 2010 AIRCRAFT maker Airbus will seek compensation from Rolls Royce for disruption linked to its engine failure on a Qantas flight earlier this month. Rolls-Royce plans to replace engines in the wake of the Qantas Airbus A380 emergency, when an engine blow-out forced a passenger plane to turn back to Singapore. “We can’t comment on customers [...]
Expat expert: Potential offshore tax benefits November 18, 2010 Q.WHAT ARE THE POTENTIAL TAX BENEFITS OF BANKING OFFSHORE? A.An attraction of offshore banking could be the opportunity to receive gross interest since interest on offshore accounts is usually paid without the deduction of tax. This may be tax efficient for you, depending on the tax rules in the country where you are resident. There [...]
WHITNEY STRIKES AGAIN November 18, 2010 MEREDITH Whitney, the analyst credited with predicting the financial crisis, plans to go head-to-head with Moody’s and Standard &?Poor’s by launching her own credit ratings agency. Whitney already set up her own research company, Meredith Whitney Advisory Group, last year after leaving her analyst role at boutique investment firm Oppenheimer.
United Biscuits back on the block as Chinese firm’s offer crumbles November 18, 2010 THE PRIVATE equity owners of United Biscuits are opening up a possible £2bn sale to new bidders after exclusive talks with a preferred suitor ended, people familiar with the matter said yesterday. US food groups Kraft, Campbell Soup and Kellogg’s, which all looked at United Biscuits before Chinese food group Bright Food entered exclusive talks, [...]
Advisers say migrant cap needs rethink November 18, 2010 PLANS to cap the number of skilled migrant workers coming to the UK will only go a small way to achieving new immigration targets and are likely to damage economic growth, a government advisory body warned. The Migration Advisory Committee (MAC) was asked by Home Secretary Theresa May to recommend limits on the number of [...]
Government publishes spending data November 18, 2010 THE government is to publish a list of its biggest suppliers today as it launches its drive to make public spending more accountable. Cabinet Office minister, Francis Maude, will publish the spending data later this morning which shows all departmental spending above £25,000. Among the government’s biggest suppliers are the Young People’s Learning Agency, established [...]
PERSONAL FINANCE NEWS November 18, 2010 BRITS TO WORK BEYOND RETIREMENT AGE Over 4m Brits aged 50-plus expect to work beyond their state retirement age by an average of just over six years, according to the first Working Late Index, published this week by insurance, investment and retirement group LV=. A quarter believe they will work five to 10 years more, [...]
CITY VIEWS: IS THE GOVERNMENT RIGHT TO PUBLISH A LIST OF ITS BIGGEST SUPPLIERS? November 18, 2010 TONY STIRZAKER | MOLEX “Indeed it will help because the government is spending way too much. Much of this money is wasted. Thankfully, the new transparency also lets me pay taxes with confidence.” PHIL MOORE | RSA INSURANCE “I think the transparency will help me form an opinion. It will help me find out what [...]
