RSM Tenon tries to turn the page after dire year October 17, 2012 EMBATTLED professional services firm RSM Tenon tried to draw a line under an “unsatisfactory” year yesterday, after reporting a pre-tax loss of £101.8m. The firm said it is cutting 400 staff, more than first planned and with some compulsory redundancies, as part of its turnaround. It has overhauled its top staff this year after discovering [...]
HMRC launches crackdown on London lawyers September 18, 2012 THE LEGAL industry reacted with surprise yesterday after Her Majesty’s Revenue & Customs (HMRC) announced a crackdown on tax dodging by London lawyers, with the aim of recovering up to £3m in missed payments. “It is not, at present, clear to us exactly why the legal profession has been targeted by HMRC,” said Michael Todd, [...]
City slams wealth tax August 29, 2012 A WEALTH tax would hurt economic growth, drive firms away from Britain and fail to raise anywhere near enough money to solve the government’s financial problems, an array of City leaders argued yesterday, attacking Nick Clegg’s proposals as “the politics of envy”. Chancellor George Osborne also dismissed the deputy Prime Minister’s attempt to revive the [...]
PwC hit with RSM Tenon probe August 13, 2012 Professional services firm PwC faces an investigation from the accounting regulator over its handling of RSM Tenon Group’s 2010 and 2011 audits, the Financial Reporting Council announced yesterday. The Accountancy and Actuarial Discipline Board will probe the conduct of PwC and other members of the Institute of Chartered Accountants in England and Wales (ICAEW) over their [...]
CITY MOVES WHO’S SWITCHING JOBS June 5, 2012 VAT Consultancy The VAT and customs duty advice firm has appointed Julie Park (right) as its new managing director, responsible for the daily running of the business and corporate expansion. Park is a former director at Deloitte and will work alongside VAT director Steve McIntyre. RSM Tenon Tim Ingram has been appointed as chairman at [...]
Ex-Collins Stewart chair to lead board of accountant RSM Tenon May 31, 2012 TIM INGRAM, the former chief executive of Collins Stewart Hawkpoint, was yesterday announced as the new chairman of accountant RSM Tenon. Ingram will replace outgoing Adrian Martin, who said last month he would step down after just three months in the role. The appointment follows a troubled few months for the firm, which in January ousted [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 14, 2012 FINANCIAL TIMES GM unveils Europe restructuring plan The head of General Motors’ Europe arm told anxious German workers on Monday that he would have to restructure production of a key model in order to help return the European operation to profitability. Paul Smith plans fresh move into China British fashion brand Paul Smith plans to [...]
RSM Tenon loses new chairman April 30, 2012 TROUBLED accountant RSM Tenon lost its second chairman since the start of the year yesterday, after Adrian Martin told the board he would step down as soon as a successor was found. Martin’s deputy, Michael Findlay, will also leave the board at the end May to rejoin Bank of America Merrill Lynch. RSM Tenon’s previous [...]
WHO’S SWITCHING JOBS April 26, 2012 Avoca Capital The European credit investment manager has appointed Stephen Holland as director of sales and marketing. Holland will spearhead Avoca’s growth in North America. Most recently he was business development manager for Abbey Capital, a Dublin-based hedge fund. He has also served as head of sales for Bank of Ireland Asset Management. BlackRock The [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 16, 2012 FINANCIAL TIMES AB InBev takes over Dominica’s CND Anheuser-Busch InBev is to pay $1.24bn for control of fellow brewer Cervecería Nacional Dominicana. Cautious go-ahead for fracking The future of hydraulic fracturing – known as fracking – the contentious natural gas extraction technology – has been boosted after a report cleared the way for a company [...]