Schroders replaces its auditor January 9, 2013 FTSE 100 investment firm Schroders has chosen KPMG as its new auditor, replacing PwC after more than 50 years. Schroders began a tender process in September for its auditor, a mandate that rarely changes hands in Britain’s largest companies.
Cycle to Paris? Scope throws down gauntlet January 9, 2013 DISABILITY charity Scope has challenged our City Boris Bikers to step their game up a notch, and take part in a London to Paris cycle ride. The charity is organising the 24 hour ride as part of a wider fundraising campaign in which participants are encouraged to try and fulfil an ambition in just one [...]
Vroom-vroom but not a boom January 7, 2013 RECORD UK sales for Jaguar Land Rover in 2012 are a rare rosy indicator. Up 19 per cent year on year, without even the benefit of a government industrial policy to spur it on, these numbers must have JLR’s owner Tata Motors purring in delight. And this is not a one-off result. While JLR deserves [...]
City Moves for 8 January 2013 | Who’s switching jobs January 7, 2013 UBS Global Asset Management Roz Amos has been appointed head of European consultant relations at UBS’s asset management business. She joins after 15 years at Towers Watson, where she was most recently senior investment consultant with responsibility for overseeing its indexation research and new ideas research teams. Vanguard Asset Management Axel Lomholt has been appointed [...]
It is the perfect time to get your pension affairs sorted January 7, 2013 INVESTMENT COMMENT MAY I suggest a New Year’s resolution? Spend some time thinking about whether you should top up your pension pot. It does not have to take long, and there are a number of good reasons why it is important to act sooner rather than later. One is that chancellor George Osborne announced changes [...]
Rapid responses January 6, 2013 Export revolution [Re: We need an export-led revolution to save the UK economy, Friday] Exporting is a key area where the UK should be doing better. An “export-led revolution” should focus on small and medium-sized enterprises (SMEs) that are not keeping up with the pace of our overseas competitors. Currently, only 20 per cent of [...]
Ex-Treasury minister Sassoon steps into a top role at Jardine January 3, 2013 FORMER Treasury minister Lord Sassoon has re-entered the private sector by taking a senior job at Asia-focused conglomerate Jardine Matheson. Sassoon will take up his new executive role, based in London, on 14 January. He is also being lined up to take board seats on the firm’s other listed companies, which include insurance group Jardine [...]
Sun European takes a shine to packaging January 2, 2013 SUN EUROPEAN Partners has snapped up two packaging companies including Lincolnshire-based Paragon Print & Packaging in a £400m spending spree. Sun European, an arm of US private equity firm Sun Capital, yesterday said it had bought a 49 per cent stake in Paragon from Equistone and LDC for an undisclosed sum. Sun European also completed [...]
Ex-KPMG retail head takes up BRC leadership January 1, 2013 THE British Retail Consortium, the retail lobby group, yesterday handed over its leadership to a new director general amid increasing turmoil on the high street. Helen Dickinson, a former KPMG retail consultant, officially took up the post, replacing former director general Stephen Robertson, who stepped down last month after five years at the helm. Dickinson, [...]
Gloomy start to Christmas as shoppers look out for bargains December 20, 2012 RETAIL sales are barely kept pace with inflation last month, according to official figures out yesterday, with squeezed consumers waiting for discounts rather than splashing out for Christmas. The quantity of goods bought in November rose 0.9 per cent on the year, while the amount spent increased 1.5 per cent, showing a small rise, the [...]