RAPID RESPONSES October 3, 2011 Osborne’s speech George Osborne’s announcement that he will focus on supporting small businesses is clearly good news, but recent research carried out by RSM Tenon shows that nearly a quarter of all entrepreneurs in the south say that the coalition government has had a negative impact on their business. The chancellor says that he recognises [...]
RSM Tenon in share fall as dividend cut September 14, 2011 ACCOUNTANCY firm RSM Tenon saw its share price dented yesterday after announcing that it would slash its annual dividend. The company said the move was “prudent” in a tough trading environment, while also reporting a rise in profits. Pre-tax profits increased to £27.1m in the 12 months to 31 June, compared to £24.1m during the [...]
Sweet day for Dunkin’s as shares wolfed July 27, 2011 HUNGRY investors snapped up shares in the owner of US snack chain Dunkin’ Donuts on its first day of trading yesterday, sending them up almost 50 per cent by the close. Dunkin’ Brands, which also owns ice cream seller Baskin-Robbins, raised its planned $422.8m (£258m) through a Nasdaq initial public offering after pricing its offering [...]
CITY MOVES | WHO’S SWITCHING JOBS July 18, 2011 HSBC HSBC has promoted Krishna Patel, chief executive of HSBC Africa, to chief executive of its Global Private Banking division, reporting to group chief executive Stuart Gulliver. Patel will start his new role on 1 September, initially based in Geneva, and will focus on strengthening the bank’s presence in the fastest-growing wealth markets. Patel, who [...]
CITY MOVES | WHO’S SWITCHING JOBS June 22, 2011 Barclays Wealth Paul Burd has been appointed as head of business services for Barclays Wealth Operations and head of operations, Glasgow. Most recently, Burd was general manager of worldwide securities at JP Morgan, based in Cape Town, following previous roles at JP Morgan including managing director of the investment bank’s London Investment Management Operations team. [...]
OFT looks for audit change May 17, 2011 UK regulators believe the market for auditing services is anti-competitive enough to warrant a full investigation and are looking for ways to improve it, the Office of Fair Trading (OFT) said yesterday. An OFT investigation and a high-profile House of Lords inquiry has concluded that the Big Four auditors – PriceWaterhouseCoopers, KPMG, Ernst & Young [...]
CITY MOVES | WHO’S SWITCHING JOBS May 4, 2011 Hastings Direct Mark Adams is joining Hastings Direct as chief financial officer, ahead of the company’s IPO next year. Adams’ recent career includes the roles of interim chief financial officer at EasyJet, group finance director then chief executive at Helphire Group, and chief financial officer at both Alpha Airports Group and STA Travel Group. Adams [...]
CITY MOVES | WHO’S SWITCHING JOBS April 18, 2011 Ladbrokes Ladbrokes has appointed Ian Bull as chief financial officer, effective from 4 July, when he will report to Ladbrokes chief executive Richard Glynn. Bull joins Ladbrokes from Greene King, where he was group finance director from 2006, contributing to the expansion of the business through organic growth and the acquisition of 2,500 pubs across [...]
Retailers at risk of going under are on the increase April 12, 2011 THE NUMBER of retailers at risk of going under shot up for the second consecutive month in March, according to insolvency firm RSM Tenon. The number of companies deemed to be at high risk of insolvency jumped by four per cent in March, compared to the month before, and jumped two per cent compared to [...]
Entrepreneurs face pay delay April 4, 2011 Entrepreneurs are struggling to collect client payments, according to RSM Tenon. While 19 per cent of businesses wait less than 30 days, 35 per cent of businesses wait 30 to 45 days and 26 per cent wait between 45 to 60 days to be paid after invoicing.