INDIAN CITY OASIS SEEKS WINE-LOVING RESIDENTS August 31, 2011 BENGALARU is becoming one of the most important global centres for technology and India’s most developed city. So the IT capital formerly known as Bangalore was the obvious choice for the latest multimillion-pound scheme from Vinay Kapoor, the president and chief executive of Westcourt UK, who contributed to the design and development of the World [...]
Cameron calls for Gaddafi to stop fighting August 22, 2011 David Cameron has called on Libyan leader Muammar Gaddafi to stop all fighting today as gunfights continued in the capital Tripoli. The prime minister returned early again from holiday, this time a break in Cornwall, to deal with the escalation in the rebel conflict in Libya that is coming increasingly close to the end of [...]
Metrodome buys Psycho rights owner for £1.6m August 11, 2011 BREAKFAST at Tiffany’s rights owner Hollywood Classics has been snapped up by Metrodome in a deal worth £1.6m. Metrodome will gain access to 600 independent movies as well as 100 classic films from studios including Universal, Paramount, Twentieth Century Fox, Warner Bros and the UK Film Council. Highlights include the Godfather and Alfred Hitchcock classic [...]
Positive earnings news buoys markets July 19, 2011 Markets tipped into the black today after days of sell-offs prompted by ongoing sovereign debt fears. UK stocks climbed on a raft of company news as quarterly earnings data proved largely positive. The FTSE 100 ended 0.7 per cent higher at 5,789.99 as banks and miners were bought widely after selling yesterday left them looking [...]
Audits still fail to challenge firms, FRC says July 18, 2011 AUDITORS of major UK companies are still failing to challenge the information given to them with sufficient scepticism, a new report today shows. Less than half the audits reviewed by the Financial Reporting Council in the past year were rated good, while 13.5 per cent required significant improvement. The FRC’s Audit Inspection Unit (AIU) also [...]
Audit data slammed by investors July 4, 2011 INVESTORS frequently fail to read auditor and audit committee reports as they don’t see their findings as meaningful, a survey published by PwC today shows. Investment professionals challenged the timing of audit reports, arguing it was not effective to announce companies’ preliminary results before they were audited. They also argued that closed-door talks between auditors [...]
Calls for more UK housing as prices hold up June 20, 2011 BRITAIN needs more houses to avoid shortages in the near future, a group of economists is expected to announce tonight. Even if net migration levelled out, the UK would still require more housing, the Centre for Economic Performance will state at a lecture in London. “Unfairly perhaps, migrants will nevertheless get a lot of blame,” [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 5, 2011 FINANCIAL TIMES JAGUAR TO INVEST £5BN Jaguar Land Rover is investing £5bn over the next five years to catch up on quality with BMW, Mercedes-Benz and Audi – the three German companies that dominate the luxury end of the automotive business globally. The money will be spent mainly on product development and new equipment at [...]
CITY MOVES | WHO’S SWITCHING JOBS May 2, 2011 Brookland Partners The investment bank has appointed Griff Winkler as a director, where he will focus on expanding the firm through identifying investment opportunities from capital providers and other JV partners. Winkler joins from Hatfield Philips, where he was vice president of the non-performing commercial real estate loan group. He also brings five years of [...]
City Moves | who’s switching jobs March 30, 2011 Astbury Marsden Mark O’Reilly has been appointed as managing director of the financial services recruitment firm’s Asia Pacific operations. O’Reilly will be based in Hong Kong and will continue to lead the expansion of the company’s Singapore and Hong Kong offices. O’Reilly has more than 13 years’ experience in financial services recruitment, including three years [...]