Two of London’s oldest law firms to join forces next year December 10, 2014 A COUPLE of London’s oldest law firms – May, May & Merrimans, and Hunters – are to merge as of 1 April next year, they announced yesterday. The newly-formed firm will be known as Hunters, incorporating May, May & Merrimans, and will have its main office at 9 New Square, Lincoln’s Inn. It will be [...]
KPMG’s record breaking sales fuel more hiring December 9, 2014 Big four accountant KPMG International today announced record-breaking revenues for its worldwide network of $24.82bn (£15.8bn) for the fiscal year ended 30 September – a six per cent increase year-on-year. The Americas delivered the strongest growth over the year, with revenues rising eight per cent to $8.51bn. The Europe, the Middle East and Africa region [...]
Wetherspoon breaks ties with Heineken after supplier dispute December 9, 2014 BRITISH pub chain JD Wetherspoon announced yesterday that it would no longer sell Heineken products at any of its 926 pubs across the UK and Ireland, following a dispute between the companies. The Watford-based pub operator said the Dutch brewer had refused to supply its own-brand lager and Murphy’s Stout to Wetherspoon’s new pub in [...]
Paddy Power appoints three new execs in management reshuffle December 9, 2014 CHIEF executive designate of Paddy Power, Andy McCue, yesterday announced three new appointments to the Irish bookmakers’ management team. The hires will take effect as of 1 January, coinciding with McCue assuming the role of chief executive. Peter O’Donovan will take over as chief product officer, leading a newly created product function that brings together [...]
Socially responsible private equity firm raises £525m for a new fund December 9, 2014 BRITISH private equity firm Endless has raised £525m for its new Fund IV, which had a single close on 5 December, the company announced yesterday. The funds will be made available for individual transactions of up to £80m. The majority of the investors in the new fund are existing investors in the company’s previous funds, [...]
Camden Market IPO: First punks, then goths – now London’s alternative hotspot prepares for stock market investors December 8, 2014 For years a beacon of London’s alternative scene, it is perhaps symbolic that Camden Market is to float on the city’s Alternative Investment Market. Though how far it has come – masterminded by Israeli technology entrepreneur Teddy Sagi, Market Tech Holdings has bought up 11 acres of market real estate across the Camden Borough and now [...]
Camden Market IPO: Owner Market Tech Holdings aims for £100m listing on Aim December 8, 2014 The owner of Camden Market, Market Tech Holdings, yesterday announced its intention to list on London’s Alternative Investment Market. Market Tech is the holding company of a group that combines real estate assets in Camden Borough – namely Camden Stables Market, Hawley Wharf, Union Street Market and Camden Lock Market – with an [...]
UKTI inks China e-markets deals December 8, 2014 UK TRADE and Investment, the government department that promotes UK business abroad, yesterday signed two new initiatives to allow British companies to expand into China’s ecommerce market. The initiatives will be run by two of China’s leading online platforms, Shangpin and Tmall, and will enable customers in China to buy British fashion and food products. [...]
Quindell stock rocked as PwC probes figures December 8, 2014 TROUBLED insurance outsourcer Quindell witnessed its share price plummet 16 per cent yesterday morning after it announced it had hired PwC to carry out an independent review into its accounting practices. Quindell said in a statement it had appointed the Big Four accountant to review its “main accounting policies and expectations as to cash generation [...]
Palatine takes control of kids’ bedding firm December 8, 2014 PALATINE Private Equity has assumed control of Character World, Britain’s leading licensed bedding specialist, in a £36m secondary management buyout. The deal sees Palatine take a majority stake in the Cheadle-based company in exchange for a £16m cash injection, with the remaining £20m coming from funding secured from RBS. It squeezes out Character World’s previous [...]
