House prices continue to fall in London, with experts predicting muted growth until 2022 March 19, 2018 London house prices continued to fall last month as the capital's housing market cooled, with experts predicting price growth to remain subdued until 2022. Asking prices fell by 0.6 per cent year-on-year this month, according to figures published today by Rightmove. The average price for a property in London was £631,651. Read more: London house [...]
Carillion finance chiefs investigated by top accounting regulator the Financial Reporting Council March 19, 2018 Britain’s top accounting regulator has launched a probe into the actions of two of Carillion’s former finance chiefs. In a widely expected move, Richard Adam and Zafar Khan are being investigated by the Financial Reporting Council (FRC). Carillion’s 2014, 2015 and 2016 annual accounts are to be probed as well as its figures for the [...]
Michael Spencer’s Nex Group could attract attention from rival exchanges following confirmation of CME bid March 18, 2018 CME’s pursuit of Nex Group could be derailed by rival exchanges, analysts have said. The London exchange founded by City titan Michael Spencer could attract interest from rival exchanges around the world. Potential rivals could include the London Stock Exchange (LSE), Singapore Exchange (SGX), Frankfurt’s Deutsche Boerse and New York Stock Exchange owner Intercontinental Exchange [...]
AJ Bell lines up £500m London float and appoints Numis, KPMG and Pinsent Masons as advisers March 11, 2018 Broker and investment platform operator AJ Bell has appointed advisers to explore an initial public offering (IPO) on the London Stock Exchange which is expected to value the company at £500m. The float would include a retail share offer available exclusively to AJ Bell’s customers and is set to take place in late 2018 or [...]
Broker AJ Bell aiming for £500m London IPO March 11, 2018 Broker and investment platform operator AJ Bell has appointed advisers to explore an initial public offering (IPO) on the London Stock Exchange which is expected to value the company at £500m. The float would include a retail share offer available exclusively to AJ Bell’s customers and is set to take place in late 2018 or [...]
Deloitte and EY partners push gender pay gaps wider March 7, 2018 Deloitte and EY today updated their gender pay gap data to include partners’ salaries for the first time, in figures which shed light on a bigger difference in earnings between men and women than previously thought. Both of the “Big Four” accountants have bigger gaps when partners’ earnings are factored in, reflecting the greater number [...]
Former KPMG UK chair heads up LSE probe into boardroom showdown which led to Xavier Rolet departure March 3, 2018 An independent review of last year’s boardroom crisis at the London Stock Exchange Group is underway, led by a City heavyweight. The LSE has turned to Simon Collins, a former UK chairman of KPMG, to head up the probe, according to Sky News. LSE chair Donad Brydon has written to its 20 largest shareholders to [...]
Editor’s Notes: MPs should summon the hedge funds if they want to understand Carillion, Carney’s catty comment and RBS’s robot February 23, 2018 In their quest to find out what happened to doomed outsourcing giantCarillion, MPs are asking the right questions but they’re not necessarily addressing them to the right people. This week the committee investigating Carillion’s collapse grilled accountancy firms KPMG andDeloitte, but while the beancounters can provide valuable insight into the final hours of Carillion’s life, [...]
KPMG says Carillion bosses were wrong to pin blame for collapse on Qataris February 22, 2018 The pensions watchdog today told MPs that it must be “tougher” as it considers action against individuals involved in the collapse of Carillion. Giving evidence to the parliamentary inquiry into Carillion, Lesley Titcomb, chief executive of the Pensions Regulator said that with hindsight the regulator would have used its powers more quickly to ensure the [...]
City of London investors chronicle efforts to reform Carillion as it headed to liquidation | City A.M. February 19, 2018 Carillion executives are under fire again today with the publication of correspondence detailing how City investors tried to change the direction of the failing firm. As part of the parliamentary inquiry into Carillion’s collapse, investors told MPs of the various corporate strategies they adopted during the contractor’s demise, with some holding onto their stakes and [...]