Auditors need to pitch again every 10 years September 27, 2012 BRITAIN’S biggest companies should put their audit contracts out to tender at least once a decade, the Financial Reporting Council said as it set out a major overhaul of its guidance today. The regulator also calls on boards to end the practice of trumpeting positive news in annual reports, while keeping other figures hidden among [...]
Moody’s warns of policy clash between growth and stability September 27, 2012 NEW POWERS for the Bank of England to control banks’ capital buffers should be good for financial stability in principle, ratings agency Moody’s said yesterday. But it warned the Financial Policy Committee’s (FPC) joint mandate to promote stability and growth could lead to friction. “If the FPC lowered capital requirements to stimulate growth in a [...]
NHS hospitals urged to copy City takeovers September 27, 2012 THE NHS should learn from the City takeover process and allow successful health providers to take full control of failing public hospitals, according to research released today by the think tank Reform. Professor Paul Corrigan, the report’s author and a former health adviser to Tony Blair, told City A.M. that the current ad-hoc policy of [...]
Don’t write off the big guns of corporate broking yet September 27, 2012 WHEN Bob Diamond quit Barclays in July, there were many, myself included, who predicted that the bank’s investment business would struggle here on in. Longer-term that may indeed be the case, but the message so far from the world of UK corporate broking is showing a different story. Two big broking mandates, that of Severn [...]
City Views | Do you agree with the reform recommendations? September 27, 2012 MARTIN WHITE FREELANCE CONSULTANT They should be turned over to better hospitals. I think they do a better job than people give them credit for but it could be improved more. DANIEL DUPER SUMITOMO MITSUI BANKING CORPORATION “I think failing hospitals would be better off put into the hands of other NHS hospitals that are [...]
Terry fined and banned for racial abuse September 27, 2012 THE Football Association last night banned Chelsea captain John Terry for a total of four games and fined him £220,000 after finding him guilty of racially abusing QPR’s Anton Ferdinand. It was over a four-day disciplinary hearing that the FA came to their conclusion despite a summer case at Westminster Magistrates’ Court clearing Terry of [...]
The Ryder Cup is as good as it gets September 27, 2012 THE Ryder Cup begins today and I can’t help but recall what it felt like for me, as both captain and as a player. As captain, the first day generates a fantastic feeling. There’s nothing that compares to it, it really is as good as it gets, and by some distance. Everything is done and [...]
Simpsons eyes Saints victory September 27, 2012 WASPS must tonight make a fast start if they hope to end Northampton’s 100 per cent start to the Aviva Premiership season, admits scrum-half Joe Simpson. “We don’t take heart from the fact that Northampton have let a few teams back into it late on recently because we don’t want to find ourselves in that [...]
Watson: Poulter’s right, the US vs Europe rivalry will remain September 27, 2012 AMERICA’S Bubba Watson has joined England’s Ian Poulter in insisting, ahead of today’s start, that the Ryder Cup will never lose its edge. Watson is largely thought to be key to the home side’s hopes of defeating Europe and, like Poulter – who said “it means too much to us for it to ever lose [...]
Price will not be stopped by Harrison September 27, 2012 BOXING: British and Commonwealth heavyweight champion David Price insists his previous admiration for Audley Harrison will not change his desire when they fight on 13 October. “It is strictly business now and I am not going to let him stand in my way because I want bigger and better things,” said Price.
