Rock FD says repayments will be shelved for 6 months
David Jetuah, Accountancy Age, Wednesday 21 May 2008 at 10:59:00
Godbehere tells Treasury select committee that Northern Rock's £25bn IOU tothe government will be paid back later than previously thought
Northern Rock's finance chief has said that the nationalised bank's loan repayment to the government will have to be put off until 2011....
QinetiQ appoints new CFO
Alex Hawkes, Accountancy Age, Wednesday 21 May 2008 at 09:51:00
Defence contractor names Logica deputy as its new CFO, replacing Doug Webb
QinetiQ, the defence and security group spun out of the Ministry of Defence, has appointed David Mellors as its CFO....
AOLTime Warner ex-finance chiefs sued for fraud
David Jetuah, Accountancy Age, Tuesday 20 May 2008 at 15:32:00
SEC goes after US media giant's former top brass, charging them withoverstating revenues by more than $1bn
Former finance bosses at AOL Time Warner are being sued by the SEC for fraud. The complaint, filed in federal district court in Manhattan, alleges they took part in a...
REIT conversion plans announced by Mitchells & Butlers
Penny Sukhraj, Accountancy Age, Tuesday 20 May 2008 at 09:34:00
The plans will also see two executives from Robert Tchenguiz's investmentvehicle, R20, join the board
Plans to convert to a REIT have been announced by pub group Mitchells & Butlers, who are set to 'actively explore opportunities for managed pub and sector consolidation.' The group...
Accounting errors hit Alumasc's profits
Barbara Buchanan, Accountancy Age, Monday 19 May 2008 at 17:08:00
Board of Alumasc Group promises to strengthen management and processes toprevent another accounting mistake occurring
Building and engineering products firm Alumasc Group said profitability for its division which makes die cast components will be £1m lower due to accounting errors....
Darling to address CBI as tax panel takes shape
David Jetuah, Accountancy Age, Monday 19 May 2008 at 11:25:00
Chancellor expected to try and appease influential employers' body angered atchanges to the foreign profits taxation framework as seven FDs named onbusiness-government forum list
Alistair Darling is to deliver a speech to the CBI tomorrow in a bid to convince the group that the planned overhaul of the taxation of foreign profits rules will...
ICAEW fellow questioned by US over BAE
Penny Sukhraj, Accountancy Age, Monday 19 May 2008 at 10:09:00
Chief executive of BAE Mike Turner, who is also chairman of BAA and deputychairman of Barclays Bank, was also detained by US officials alongside Sir Nigelin Houston
ICAEW fellow and non-executive director of BAE Systems Sir Nigel Rudd was detained by the US Department of Justice for in relation to investigations into bribery allegations against British arms...
Ethel Austin rescued by ex-MK One chief
David Jetuah, Accountancy Age, Monday 19 May 2008 at 10:07:00
Elaine McPherson snaps up troubled fashion retailer which went intoadministration last month, taking the company off the hands of Menzies CorporateRestructuring
Ethel Austin, the fashion retailer which entered administration last month has been rescued by the former chief exec of the MK One chain....
ITE finance director promoted to CEO
Kevin Reed, Accountancy Age, Monday 19 May 2008 at 09:57:00
FD steps up to take permanent role as chief executive at exhibitions group
Exhibitions group ITE has appointed Russell Taylor as its new group chief executive. Taylor has served as FD at the firm since 2003, and took on the acting CEO role...
ICAEW finds sharp fall in business confidence
AccountancyAge.com, Accountancy Age, Monday 19 May 2008 at 08:43:00
ICAEW business confidence monitor shows sharp falls in the first quarteracross all sectors of British industry
Business confidence plummeted across all sectors of British industry in the first quarter, although recession is still unlikely, according to the Institute of Chartered Accountants in England and Wales (ICAEW)’s...
Former Alta Gas directors gets jail sentence
AccountancyAge.com, Accountancy Age, Monday 19 May 2008 at 08:23:00
Former Alta Gas directors receive a four and two-year jail sentence aftercompany’s £45m collapse
Former directors of Merseyside bottled gas business Alta Gas, Peter Bradley and Peter Stott, were sentenced last Friday at Liverpool Crown Court to four and two years’ imprisonment, respectively, for...
Vanco sale imminent, slashed from £400m to £1
AccountancyAge.com, Accountancy Age, Monday 19 May 2008 at 07:55:00
The sale of telecom carrier Vanco is imminent, as price is likely to beslashed from £400m to £1
The sale of the troubled telecoms carrier Vanco is expected within the coming two weeks, at a price likely to be slashed from a peak value of £400m to as...
Exclusive: Wenham Major sold to Bentley Jennison
Gavin Hinks, Accountancy Age, Saturday 17 May 2008 at 13:35:00
Sale goes ahead after 'financial irregularities' cripple Wenham Major
The core practice of Wenham Major, the crisis wracked Top 50 firm that entered administration on Wednesday, has been sold to RSM Bentley Jennison for an undisclosed sum....
BA slams 'per plane' tax in prelims
David Jetuah, Accountancy Age, Friday 16 May 2008 at 15:37:00
BA warns of turbulence ahead as change from air passenger duty to per planetax draws closer
BA has warned its shareholders that an overhaul of airplane tax system may rock its fortunes in the future. In releasing its final results today the aviation giant issued a...
Renewable energy could be the way forward for investors
Rachael Singh, Accountancy Age, Friday 16 May 2008 at 14:46:00
A recent survey by Ernst & Young has found that confidence in renewableenergy companies is high despite the current credit crisis.
Investors expect more floats of renewable energy companies this year, Ernst & Young has said. 40% of investors expect new money to be raised through initial public offerings (IPOs) by...
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