Business administrations soar 20 per cent October 30, 2019 Business administrations in England and Wales jumped 20 per cent in the third quarter, rising to the highest level for more than five years. In the third quarter the number of companies entering administration rose to 484 from 403 in the previous quarter. Company insolvencies rose 0.4 per cent on the previous quarter to 4,355 [...]
Sports Direct ends two-month wait for new auditor, appointing RSM October 23, 2019 Sports Direct has appointed an auditor two months after Grant Thornton quit as billionaire Mike Ashley’s company’s accountant. Read more: Sports Direct launches ‘skulduggery’ screed against Goals Soccer Centres RSM will now take up the post. The auditor had most recently stepped in to look after Patisserie Valerie’s accounts after the bakery chain became embroiled [...]
City Moves for 18 October – Who’s switching jobs at RSM, Black Isle and Octopus? October 18, 2019 Today’s City Moves includes RSM, Black Isle and Octopus RSM Leading audit, tax and consulting firm RSM has appointed Neil Griggs as an audit partner in its financial services team. Neil joins RSM from BDO, prior to which he worked at both Big Four and boutique firms. He has 20 years of financial dervices experience [...]
City Moves for 23 September – Who’s switching jobs at Finncap, the FCA and Gama Aviation? September 23, 2019 Today’s City Moves includes Finncap, the FCA and Gama Aviation. Finncap Finncap, an adviser and broker to ambitious growth companies, has announced that it has appointed highly-experienced specialist Leigh Webb to head its private equity sponsor coverage and expand its mergers and acquisitions (M&A) advisory business across the mid-market private equity community. He brings an [...]
For the tax avoidance of doubt: In light of the review into the controversial loan charge, what are the options? September 18, 2019 With reports of people losing their homes, going bankrupt, and even committing suicide, it’s clear that the government’s so-called “loan charge” is hugely problematic. Tens of thousands of freelancers and contractors are being chased for retrospective tax, with some expected to pay debts that date as far back as 1999. Why? Because they signed up [...]
Pubs cash in on bank holiday heatwave but fears grow for restaurant sector September 9, 2019 A sunny spell through the August bank holiday helped London watering holes increase their late-summer sales, according to a closely-followed industry measure. Thirsty punters gravitated to drink-led pubs in the capital, which enjoyed a five per cent like-for-like boost in sales compared to the same period last year. Read more: Wetherspoons toasts no-deal Brexit by [...]
City Moves for 6 September – Who’s switching jobs at Stonehage Fleming, the Financial Conduct Authority and Cipfa? September 6, 2019 Today’s City Moves includes Stonehage Fleming, the Financial Conduct Authority and Cipfa. Stonehage Fleming Chris Merry has been appointed group chief executive of independently owned international wealth management company Stonehage Fleming. Formerly chief executive of Ipes, a European provider of fund administration and outsourcing services, Chris will be based in Stonehage Fleming’s London office. Chris [...]
City Moves for 16 August – Who’s switching jobs at Matterport, the Portman Estate and Eversheds Sutherland? August 16, 2019 Today’s City Moves includes Matterport, the Portman Estate and Eversheds Sutherland. Matterport Matterport, a leader in 3D capture technology and data, has expanded its UK team with five key hires, including Nick Samuels (pictured) as strategic operational director. The growing team will support Matterport’s strategic expansion across Europe. Nick joins from property investment company Property [...]
Hot weather helps pubs and restaurants post modest monthly sales growth August 12, 2019 British pubs and restaurant groups enjoyed increased sales in July, as eateries showed signs of recovering from poor trading last summer. Restaurant groups posted a 3.8 per cent increase in like-for-like sales compared to last July, when hot weather and the football World Cup took their toll on business. Read more: Restaurants eat into retailers’ [...]
Power 100 Women July 30, 2019 About Power 100 Women If one thing was made clear by “heels-gate” – the fiasco caused last week after a young receptionist was sent home from her first day of work because she refused to don a pair of stilettos – it was that despite our best efforts, in some pockets of the City, old-fashioned [...]