Revealed: Behind the scenes of Carillion’s annus horribilis December 21, 2017 Troubled construction giant Carillion hit the headlines again yesterday after it announced its interim chief executive Keith Cochrane will be replaced almost three months earlier than planned. When Andrew Davies, who was set to take over on 2 April 2018, starts on 22 January, he will become the company’s third chief executive in six months. [...]
Carillion share price: Behind the scenes of the construction giant’s annus horribilis December 21, 2017 Troubled construction giant Carillion hit the headlines again yesterday after it announced its interim chief executive Keith Cochrane will be replaced almost three months earlier than planned. When Andrew Davies, who was set to take over on 2 April 2018, starts on 22 January, he will become the company’s third chief executive in six months. [...]
Tax reform “just days away” says President Donald Trump as Congress scrambles to bring bill before Christmas December 17, 2017 Businesses in the US and abroad are bracing for a major upheaval in the tax system as President Donald Trump tries to rush through a vote on $1.5 trillion in tax cuts before Christmas. Trump today said Congress is “just days away” from delivering on its campaign promise. The President said he would deliver to [...]
London Overground Night Tube service arrives today: Here’s what you need to know about the new 24-hour service, including route map and timings | City A.M. December 15, 2017 You may have heard the Night Tube is expanding once more, and branching out to the London Overground this week. From tonight, new 24 hour services will get underway each Friday and Saturday between Dalston Junction and New Cross Gate. Here’s what you need to know about the rollout, including whether more Night Tube services [...]
Should you hold Bitcoin as part of a diversified portfolio? December 13, 2017 Amid the hoopla over the recent meteoric Bitcoin price rise – from $968 at the end of 2016 to over $16,500 on 11 December 2017 – some are now questioning whether the cryptocurrency should be taken more seriously. While we don’t agree that you should hold Bitcoin as part of a diversified portfolio, we believe [...]
Cities are still at the heart of Britain’s prosperity – but the north-south divide is getting even bigger December 12, 2017 In the aftermath of the financial crisis much was written about Britain’s supposed need to “rebalance” its economy away from London and, specifically, the City. Numerous commentators argued that new drivers of growth must be found in other parts of the UK, and called for policies aimed at reviving British manufacturing and reducing our reliance [...]
Terra Firma urges hedge fund H/2 to let it wash its hands of Four Seasons care homes December 4, 2017 Private equity firm Terra Firma has urged the hedge fund bondholder of Four Seasons care homes to take the group off its hands, accepting that it will make a loss. In a statement today, Terra Firma asked H/2 – which is Four Seasons’ largest creditor – to accept its stake in the 343-strong ailing care [...]
Carillion share price hits fresh lows: Banks were left on the sidelines while shares plummeted December 4, 2017 Carillion’s stock market valuation hit fresh lows last week, with the stricken contractor now worth little more than £70m. The firm’s travails have been well documented; massive contract write-downs and mind-boggling losses have been pounced upon by short sellers convinced the worst is yet to come. With Carillion’s shares starting the year at 236p each, [...]
Challenger accountant CogitalGroup announces first acquisition for Blick Rothenberg December 1, 2017 Blick Rothenberg, the accountancy firm owned by CogitalGroup, has today made it first acquisition as its parent pursues plans to challenge the Big Four accountants. Shelley Stock Hutter, based in Marylebone, has been scooped up by Blick Rothenberg to strengthen its presence in the “owner-managed business” sector. With a team of more than 60 people, [...]
Autumn Budget 2017: Boost to North Sea oil as government plans to introduce key tax change next year November 22, 2017 North Sea oil and gas producers received a boost from the government today as chancellor Philip Hammond announced tax changes aimed at increasing investment. In the Autumn Budget, Hammond revealed the government would introduce transferrable tax history for oil and gas fields in the North Sea from November 2018. Currently, the history of tax paid [...]