Britain’s pension schemes remain gripped by a funding crisis, despite the nation’s recent economic revival, figures published today reveal.
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Saturday 14 September 2013
Lehman Brothers’ British creditors could receive recoveries taking their final payout to well in excess of 100 per cent of their money back within the next two years.
Friday 13 September 2013
One of the largest leveraged buyouts of the pre-crisis era is about to come full circle, after the private-equity group Blackstone yesterday gave notice of plans to bring Hilton back to the stock markets as it looks to take advantage of the revival in the hotel industry.
Monday 09 September 2013
Accountants Deloitte were today punished with a record £14 million fine for failing to manage conflicts of interest over their advice to collapsed car maker MG Rover.
Monday 09 September 2013
PricewaterhouseCoopers chairman Ian Powell has warned that the accountant will lose audit clients following a sea-change in the way the market operates, despite announcing that 874 partners have pocketed an average of £705,000 each in 2013.
Sunday 01 September 2013
Around 80 per cent of chartered accountants who hold FTSE 100 finance director roles are alumni of the "Big Four" which dominate the bean-counting industry, according to research passed to The Independent on Sunday.
Monday 26 August 2013
The finance bosses of the country’s biggest firms have claimed that they “don’t understand” the Competition Commission’s hard-hitting proposals to reform the audit market, which is dominated by just four accountants.
Saturday 24 August 2013
Standard Chartered looks set to dump KPMG as its auditor after four decades of checking the bank’s books, as the seemingly cosy relationship between big business and their accountants is smashed in the wake of the financial crisis.
Friday 16 August 2013
The identity of the buyer is unknown, although believed to be a real estate firm
Monday 05 August 2013
The finance director of Hobbs is leaving the fashion retailer, dampening speculation that the private-equity-backed chain will be put up for sale in the near future.
Thursday 01 August 2013
Outlook When I was a student, spending more time scribbling for the university newspaper than leafing through great literary works, PricewaterhouseCoopers was a godsend. The accounting firm always placed with us the largest advert of any recruiter to plug its milk-round days, money that shored up The Chronicle's finances on more than one occasion.
Wednesday 31 July 2013
Profits down a fifth at Drax
- 1 Mountain goats' miraculous escape from avalanche captured in dramatic video footage
- 2 It’s shameful that our universities have accepted gender segregation under pressure from the most oppressive religious fanatics
- 3 Sir Ian McKellen hits back at Damian Lewis' 'fruity actor' claims
- 4 Kenyan politician Mike Sonko left red-faced after photoshopping himself next to Nelson Mandela
- 5 Selfie at funeral: Cameron squeezes in on Obama snap at Mandela memorial