BBC parts ways with KPMG… and Paxman April 30, 2014 THE BBC has picked Ernst & Young as its new auditor, ending an 18-year relationship with KPMG. The corporation, which also announced yesterday that Jeremy Paxman was leaving its flagship Newsnight programme, chose EY following a competitive tender.
Credit check company Experian hires fresh faces for its top team April 29, 2014 EXPERIAN has announced two new faces for its top management team, following the promotion of former chief financial officer Brian Cassin to chief executive in January. Lloyd Pitchford, chief financial officer at safety service provider Intertek, will join the credit checking company in September this year as its finance boss. Jan Babiak, a former managing [...]
Letters to the Editor – 30/04 – Army reservists, Best of Twitter April 29, 2014 Army reservists [Re: Small firms fear effects of rise in army reservists, Monday] In your article, The Federation of Small Businesses (FSB) calls on the Ministry of Defence to understand business concerns about the rise in army reservists. That is exactly what we are doing. With reservists set to play an expanded role in defence, [...]
City Moves for 29 April 2014 | Who’s switching jobs April 28, 2014 Interactive Investor The execution-only stockbroker has announced the appointment of Linda Summers as chief marketing officer. She was most recently at Skype, where she was director of product and partner marketing. Prior to that, Summers held roles at O2/Telefonica and BT. GLG Partners The investment management firm has appointed Andy Li as co-manager of its [...]
Three Green Party policies that would strangle EU growth April 28, 2014 The Green party of England and Wales has kicked off its campaign for May's European elections. The party's leader Natalie Bennett launched the campaign with a pointed attack on Ukip: As far as I can work out, Nigel Farage has entirely written it off so that Ukip has no policies at all. It seems to [...]
City squeezed by stronger pound April 28, 2014 BRITISH investors will lose out on billions of pounds due to soaring sterling, raising fears the currency will undermine the competitiveness of City-based multinationals and hammer shareholders. Scores of UK blue chip companies who report their profits in dollars are set to deliver smaller sterling payouts to investors this year after the pound climbed to [...]
Gimme 5 April 27, 2014 …EY ENTREPRENEUR OF THE YEAR LONDON AND THE SOUTH FINALISTS Aldermore The private equity-backed UK bank provides retail and SME savings accounts, commercial and residential mortgages, and asset and invoice finance. Founded by Phillip Monks, it has operated in the UK since 2009. aldermore.co.uk Cote Restaurants Operator of 47 casual dining restaurants across the UK, [...]
Shale gas revolution set to provide over a third of the UK’s energy needs April 23, 2014 OVER one third of the UK’s energy will come from shale gas in the next decade, with 4,000 wells set to be drilled across the country by 2032, a new report claims today. An astonishing 20m homes could be powered by shale gas, according to the government-backed study commissioned by the UK Onshore Operators Group [...]
Stock exchange ditches auditor April 22, 2014 THE LONDON Stock Exchange has picked EY as its new auditor, becoming the latest blue-chip company to shake up its accounting relationship. PwC has audited the LSE’s books since the accounting group was formed in 1998 from the merger of Price Waterhouse and Coopers & Lybrand. EY, formerly known as Ernst & Young, will take on [...]
How Britain can fix its Nimby problem April 22, 2014 THE COALITION is considering plans to loosen the rules governing the development of new infrastructure, fracking sites, and potentially housing, to facilitate investment. The specifics are not yet clear, but they seem to be on the right track. The potential of UK shale, for example, is huge – if it can be realised. New research [...]