Business services firm of the year September 10, 2013 In an uncertain economy, companies that are willing to try something different – be that a new management team, an innovative business structure or a better use of technology – are the ones that tend to succeed. This category’s nominees live up to the best of these business services. ODGERS BERNDTSON Some of the biggest [...]
City Moves for 04 September 2013 | Who’s switching jobs September 3, 2013 SJ Berwin The law firm has appointed Paul Stothard as a partner in its litigation practice. He was most recently at Dentons, where he was a partner in its litigation and dispute resolution group. Prior to that, he was an associate at Denton Wilde Sapte, and Allen & Overy. Quadrant Estates James Bidwell has joined the property [...]
Moshen hires insolvency firm August 28, 2013 CHRIS Akers’ investment group Concha yesterday said its investee company, app developer Moshen, has hired insolvency practitioners to find out what value, if any, remains in the firm. Concha, which on Tuesday revealed financial irregularities at Moshen, also said it was consulting with lawyers about recovering some of the £867,000 it has poured into the [...]
Ex-Cyprus central bank chief says euro crisis will flare up after German elections August 23, 2013 Athanasios Orphanides, former chief at Cyprus' central bank, has said that the island economy was destroyed by delays in finalising the bailout package it received. Cyprus has seen its biggest industry – banking – wiped out with capital controls overstaying their welcome. While introduced as a temporary measure months ago, they have not yet been [...]
Bottom Line: Deal shows rising use of administration August 22, 2013 WHILE the writing had been on the wall for RSM Tenon for several months, the form of its eventual sale took many by surprise. Pre-pack administrations are an increasingly common presence on the high street, where retailers from Dreams to HMV have continued to trade following such deals, but a pre-pack for an accounting firm [...]
Accountant RSM Tenon enters administration as part of sale to Baker Tilly August 22, 2013 Accountant RSM Tenon has entered administration as Baker Tilly is soon to acquire the firm's trading entitites (release) Given the scale of its debt the firm has had little choice but to declare itself insolvent, with three insolvency practitioners at Deloitte LLP appointed as joint administrators to the firm this morning. Immediately following their appointment, [...]
Shop failures up 25 per cent August 4, 2013 RETAIL insolvencies jumped by 25 per cent in the second quarter compared to the same time last year, according to figures from the Insolvency Service last week and analysed by Freshfields Bruckhaus Deringer. Despite signs of confidence returning to the market, retail failures will still 29 per cent ahead of the previous quarter and significantly [...]
City Moves for 5 August 2013 | Who’s switching jobs August 4, 2013 Pramerica Real Estate Investors The real estate investment management business has announced the appointment of Eric Adler as chief executive. Adler is currently chief investment officer at Pramerica, having joined the company in 2010 as head of European operations. He was previously as Tishman Speyer, where he co-directed its European activities, and was a member [...]
New regulation threatens the success of Britain’s thriving insurance sector August 4, 2013 SINCE the financial crisis, policymakers have focused on regulating banks. But while banking plays a central role in the financial sector, insurance plays another. The UK insurance industry is the largest in Europe. It manages investments amounting to 26 per cent of annual GDP, and accounts for £10.4bn in tax revenue, employing 290,000 people in [...]
IMF: A quarter of Spaniards will still be out of work in 2018 August 2, 2013 The International Monetary Fund has warned Spanish unemployment could be stuck above 25 per cent for another five years as it calls for decisive reforms to generate jobs and growth (release). Existing reforms have not been enough to address labour market rigidities, the IMF says, and the businesses need greater internal flexibility. Meanwhile, private sector [...]