Government fails business expectations September 12, 2010 THE government has failed to meet the expectations of entrepreneurs, according to a new poll. The survey of more than 390 business owners conducted by RSM Tenon reveals a ten per cent drop in the number of business owners who believe the government is supporting them. Two weeks after the general election, 52 per cent [...]
Bankruptcies fall 21pc but overstretched borrowers find other ways to go bust August 4, 2010 PERSONAL bankruptcies fell to pre-recession levels in the second quarter, but the headline drop masked a rush by troubled consumers for alternative ways to resolve their woes. Despite a 21 per cent year-on-year decline in bankruptcies, 380 people entered into insolvency every day during the three months, according to accountancy firm RSM Tenon. Debt relief [...]
CITY MOVES | WHO’S SWITCHING JOBS July 28, 2010 Collins Stewart The financial advisory group has appointed a new equity research, sales and corporate broking team, focused on the mining sector and headed by John McGloin (pictured). McGloin has worked as an analyst for the past eight years at Beeson Gregory and Evolution. He is joined by mining analysts Tim Dudley and Andrei Kroupnik; [...]
CITY MOVES | WHO’S SWITCHING JOBS July 22, 2010 DLA PIPER The law firm has poached Stephen Hoyle from Ernst & Young to join its London office as a partner and head of UK tax. Hoyle, a specialist in corporate tax and structured transactions, was a partner at E&Y’s international tax services group. Prior to that, he worked as a managing director in Deutsche [...]
CITY MOVES | WHO’S SWITCHING JOBS July 11, 2010 Guy’s and St Thomas’ Charity The charity has appointed fund management veteran Nichola Pease as a trustee, taking on the position held by ex-Man Group chief Stanley Fink until last month. Pease is deputy chairman of JO Hambro Capital Management, which she joined in 1998 as chief executive. She also previously helped to set up [...]
RSM Tenon picks up gems from Vantis June 30, 2010 RSM Tenon, the fully listed UK accounting and business services group, yesterday bought certain business assets from its rival Vantis, which collapsed on Tuesday evening. RSM, which moved to the main market in May this year, is buying businesses worth up to £6.8m from the administrators of Vantis, taking 325 people on board. Chief executive [...]
OSBORNE TAKES FIZZ OUT OF THE CHANCELLOR’S DRINKS CABINET June 22, 2010 JUST six weeks into the new Lib-Con love-in, and the biggest mystery of the coalition has finally been put to bed. No, not how ultra-liberal Vincey is getting on with his toffier-nosed colleagues behind that pasted-on grimace, but whether or not Boy George is ready to join his predecessors in a cheeky Budget tipple. Seasoned [...]
RSM Tenon moves to main list May 27, 2010 Accountancy firm RSM Tenon yesterday made its official switch over from the Alternative Investment Market (Aim) to the official list of the LSE yesterday. Shares rose 1.2 per cent to 42.25p on the first day of trading, giving Tenon a market cap of around £133m. The company, which specialises in advising entrepreneurs, originally floated in [...]
BIG CURRY FETCHES A FORTUNE FOR ARMY April 29, 2010 OFF to the Guildhall yesterday for the Lord Mayor’s annual “Big Curry”, a Bacchanalian feast in aid of ABF The Soldiers’ Charity. City types in attendance dug deep into their pockets for Britain’s brave soldiers – the event’s committee featured such business luminaries as Lloyd’s of London chairman Lord Levene, Bernard Cazenove, Sir Trevor Chinn [...]
BEST OF THE BROKERS April 28, 2010 LLOYDS BANKING GROUP Seymour Pierce reiterates its “sell” rating on Lloyds Banking Group despite the bank reporting an upbeat first quarter and updated 2010 forecasts. But, Seymour Pierce says that at the current rate of deposit growth, it will take until 2020 before its loans to deposit ratio falls back to below 1.0. PREMIER FOODS [...]