City Moves for 30 November – who’s switching jobs at DWF, Legal & General and Relendex? November 30, 2018 DWF DWF has appointed regulatory specialist Richard Burger as a partner in its regulatory, compliance and investigations team in London. Richard joins from corporate and insurance firm Reynolds Porter Chamberlain (RPC). Richard has 20 years’ experience in UK and international regulatory enforcement, criminal and internal corporate investigations. A former regulatory enforcement lawyer with the FSA [...]
Johnston Press administrator says creditors will face a ‘significant’ cash shortfall November 23, 2018 The administrator of struggling publishing company Johnston Press has said there will be “a significant shortfall” of money for creditors after being sold out of pre-pack administration last week. Alix Partners, the company’s administrators, warned in their first report that although funds would be available to secured bondholders and to unsecured creditors, there would still [...]
KPMG faces tribunal for its work for mattress firm Silentnight November 22, 2018 Audit firm KPMG and one of its partners face a tribunal over work for mattress firm Silentnight, the accountancy watchdog said today. The Financial Reporting Council (FRC) today delivered a formal complaint against the firm and restructuring partner David Costley-Wood. The FRC alleged that KPMG and Costley-Wood acted for Silentnight “in circumstances where their professional judgment [...]
Mothercare shares fall as it puts the media in the firing line after losses widen in insolvency battle November 22, 2018 Losses have mounted at embattled childcare retailer Mothercare, which blamed it on critical press coverage of its financial woes as the company undergoes a restructuring process. Group managing director David Wood, who acted as interim chief executive earlier this year, stepped down from his position yesterday. Its share price fell more than 10 per cent as markets [...]
Barber boom bucks high street struggles as demand for male hair grooming jumps November 18, 2018 A boom in barber shops is helping to revive the stricken high street, fuelled by the growing demand for hipster beards. Male hair grooming is now one of the fastest-growing retail sectors, as young men – especially workers in the City – care more than ever about the state of their face fuzz. The rise in [...]
Fifty-year-old wedding dress chain Berketex Bride crashes into administration November 13, 2018 Wedding dress chain Berketex Bride announced today it had ceased trading and gone into administration. The chain, which had been trading for more than 50 years, said all of its stores had closed and will not re-open. Berketex had 11 branches in the UK, including one in the West End and one in Croydon, and [...]
City Moves for 13 November – who’s switching jobs at 23 Capital, Ayming and Howard Kennedy? November 13, 2018 Who’s switching jobs today? 23 Capital 23 Capital, a leading capital and solutions provider to the Sports, Music and Entertainment (SM&E) sectors headquartered in London, has announced the appointment of Jack MacDonald as the Head of Music and Entertainment Origination for the UK. Jack joins 23 Capital’s global team of music and entertainment specialists who [...]
Johnston Press shares rocket following reports the Daily Mail might buy the i newspaper November 12, 2018 Shares in struggling newspaper publisher Johnston Press soared by more than 20 per cent this morning following reports that the Daily Mail’s parent company was preparing to snap up its national flagship the i newspaper. Johnston Press, which owns The Scotsman and The Yorkshire Post as well as smaller regional titles across the UK, put itself [...]
City Moves for 12 November – who’s switching jobs at UHY Hacker Young, Panmure Gordon and McCarthy Denning? November 12, 2018 Who’s on the move today? UHY Hacker Young UHY Hacker Young, the national accountancy group, has appointed Myles Jacobson as partner in its Turnaround & Recovery team in London. Myles has over two decades of experience working in insolvency and restructuring and joins from specialist business recovery practice Streets SPW, where he was a partner. He [...]
Insolvency Service to meet Frank Field over refusal to reopen BHS investigation November 11, 2018 Frank Field, chair of the work and pensions committee, will meet the Insolvency Service (IS) later this month after it refused to reopen its investigation into the collapse of BHS. The IS concluded its investigation, which saw Sir Philip Green escape a boardroom ban, in March but accounting watchdog the Financial Reporting Council (FRC) has [...]