60,000 expected to go bankrupt in 2005 October 31, 2005 Personal bankruptcies are rocketing. Figures from the Department of Trade and Industry (DTI) this week are expected to show that more people are being declared insolvent now than at the height of the 1992 recession. Capital Economics has forecast that there were 14,700 bankruptcies in the last quarter, 45 per cent more than in the [...]
Southern in £2.5m probe October 26, 2005 Soutern Water may have to pay up to £2.5m in compensation to customers after irregularities were discovered in its queries and complaints procedures. In an unprecedented move the company, which supplies water and sewerage services to 2.3m homes and businesses, has informed industry regulator Ofwat that it may have misled the watchdog over the level [...]
KPMG staff scoop £59m in bonuses October 25, 2005 Secretaries and directors at KPMG will share in a £59m bonus bonanza. The 8,950 people who make up the accountancy firm’s British workforce will share in the £59m pot, which equates to just under £6,600 per person. The bonus pot has risen 68 per cent from £35m last year, when the company gave on average [...]
It’s Ken Again October 21, 2005 He is 74 but Ken Morrison is in no mood to slow down and take it easy. During the span of a career in the City a businessman usually plays the role of hero and villain. Sir Ken Morrison was typecast as the former until he acquired Safeway a year ago. In 2001 when it [...]