Link: EMI: Facing the music
The music firm – which boasts a string of top artists including Robbie Williams, Kylie Minogue and Norah Jones – helped get Jim Fifield his nickname, after it awarded the departing head of its music division a £12m compensation package. Fifield left when he was denied the top job as EMI chief executive.
PwC corporate finance partner Peter Jacobs is understood to be involved in rallying support from venture capital companies for Fifield’s bid.
The bid comes at a crucial time for EMI as it continues talks to buy Time Warner’s Warner Music arm.
Prior to his payoff from EMI five years ago, Fifield earned £7m a year as boss of the music division. In his next venture, which was based in California, Fifield went on to invest £8.5m in sports equipment manufacturer North Face, where he became chief executive.
As interest in EMI mounted, Dutch media tycoon John de Mol increased his stake last week from 3.7% to 4.1%.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.