The initiatives, according to the Evening Standard, could also involve asset write-downs of more than £100m. It has decided to transfer the controversial minority interest preference shares (Mips) onto its overdraft.
Announced today the move is likely to please investors, after one analyst described the controversial financial instrument as a ticking bomb in MyTravel’s accounts’.
Chief executive, Peter McHugh, is locked in a compaign to shore-up the company’s finances. He has succeeded in extending the £1.15bn lending facility, in order to give the group more breathing space.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016