Tax boss leads race for top job at Deloitte November 14, 2010 ONE of Deloitte’s lesser-known figures is in the running to become its top accountant as the search for a successor to the firm’s chief executive John Connolly reaches its final stages. David Sproul was appointed UK head of tax at the big four firm in 2006 and is now being tipped for the top job [...]
Winton boss Harding gives £20m to green energy lab November 14, 2010 HEDGE FUND star David Harding has donated £20m to Cambridge University to create a green energy research centre. Harding, reported to be the City’s highest earner, plans to give the money to his old university’s Cavendish Laboratory to fund investigation into energy-saving materials and energy storage. The university said yesterday the donation is the largest [...]
BP’s Hayward starts energy consultancy November 14, 2010 FORMER BP chief executive Tony Hayward has set up his own business, understood to be an energy consultancy, as he rejoins the business world following his departure from the oil giant. Hayward set up 3E Capital on 28 October, papers filed at Companies House show. He lists Deloitte’s office in London as the company’s registered [...]
ECB should offer more liquidity and buy debt November 14, 2010 HURRAH! All the tricky issues are out of the way. A second round of quantitative easing from the US Federal Reserve – done. The US jobless numbers – done. President Barack Obama’s mid term elections – done. And so what does all this mean for the markets? All together now… it is time to start [...]
Flybe gears up for a stock market debut November 14, 2010 BUDGET airline Flybe is close to announcing an initial public offering (IPO) on the London stock market, sources familiar with the matter confirmed yesterday. Europe’s largest domestic airline by passenger numbers has hired Investec and Merrill Lynch to advise on the float, which could value the company at £200m according to a Sunday newspaper. Flybe [...]
Zurich looking to Dublin for £35bn life unit November 14, 2010 ZURICH insurance is considering moving its £35bn UK life business to Dublin under a plan that would mirror the move of its general insurance business across the Irish Sea last year. The insurer has set up its European headquarters in Dublin and is looking at ways to streamline its legal and capital structure. It moved [...]
IMF: Iceland is stabilising as debt crisis eases November 14, 2010 ICELAND’S economy has stabilised further and measures to ensure a restructuring of debt on the crisis-hit island remain vital, the International Monetary Fund (IMF) said yesterday. The top three Icelandic banks collapsed in October 2008 and the country needed a bailout led by the IMF. “Iceland’s post-crisis stabilisation is continuing, supported by a steady implementation [...]
Ensuring the UK remains open for business November 14, 2010 The new Lord Mayor of the City of London will this evening outline his vision for creating a City of Choice AS THE new Lord Mayor of the City of London, I am well aware that decisions taken at home, in Europe and indeed across the world during the course of the next 12 months [...]
Halfords bids to drive up sales in tough climate November 14, 2010 TWO of the UK high street’s most traditional names, Halfords and Mothercare, report results this week with the City using them as a barometer for the consumer climate. The companies have been trying to navigate choppy economic waters as government budget cuts and a looming VAT hike take their toll on cash-strapped shoppers. Halfords has [...]
John Lewis is ranked among influential list November 14, 2010 RETAIL giant John Lewis has surged into a ranking of Britain’s most influential brands, as the group’s partnership approach to doing business and a record year for till receipts propelled it into the top three. TLG’s annual index of UK Business Thought Leaders ranks John Lewis below Apple and Google but above other respected names [...]
