Global Crossing succumbs to telecom crash
Business Recovery

Global Crossing succumbs to telecom crash

22y Idris Nagri

Global Crossing succumbs to telecom crash

Fibre optics communications company Global Crossing has become the biggest victim of the telecoms crash, filing for Chapter 11 bankruptcy protection y...

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Call grows for inquiry into Enron-Labour link
Company News

Call grows for inquiry into Enron-Labour link

22y Idris Nagri

Call grows for inquiry into Enron-Labour link

Former Tory cabinet minister Lord MacGregor has joined Liberal Democrat shadow chancellor Matthew Taylor in calling for a full investigation into the ...

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Deloittes called in at Kmart
Business Recovery

Deloittes called in at Kmart

22y Idris Nagri

Deloittes called in at Kmart

Kmart, the bankrupt US discount retail giant, has appointed an independent investigative team including accountants from Deloitte & Touche LLP after r...

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Late Budget will have side effects
Company News

Late Budget will have side effects

22y Idris Nagri

Late Budget will have side effects

Big Five firm PricewaterhouseCoopers says taxpayers should not be concerned by the late date for this year's Budget speech, but warns there will be 'i...

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Trade union enters KPMG-Land Rover row
Business Recovery

Trade union enters KPMG-Land Rover row

22y Idris Nagri

Trade union enters KPMG-Land Rover row

Engineering trade union Amicus has defended Land Rover in its dispute with KPMG/UPF, saying the role of accountancy firms should be scrutinised more c...

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Budget speech set for 17 April
Company News

Budget speech set for 17 April

22y Idris Nagri

Budget speech set for 17 April

Chancellor Gordon Brown will make his Budget speech to the House of Commons on Wednesday 17 April. Read More...

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iTouch CFO defects to Granada
Company News

iTouch CFO defects to Granada

22y Idris Nagri

iTouch CFO defects to Granada

Mobile services provider iTouch has today announced its chief financial officer is leaving the company to become finance director at Granada. Read Mor...

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Shaping up for the recession
People Business

Shaping up for the recession

22y Idris Nagri

Shaping up for the recession

Consultancies have closed offices, laid off staff and put graduate recruitment on hold. But training is not something to cut back on if they are to wi...

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Profit warnings soar on 11 Sept fall-out
Business Recovery

Profit warnings soar on 11 Sept fall-out

22y Idris Nagri

Profit warnings soar on 11 Sept fall-out

Profit warnings for UK listed companies climbed 117% on the year, with almost half of companies citing the impact of 11 September as a direct factor i...

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Land Rover wins ruling against KPMG
Business Recovery

Land Rover wins ruling against KPMG

22y Idris Nagri

Land Rover wins ruling against KPMG

Land Rover has won an High Court injunction forcing KPMG, receivers for UPF-Thompson, the collapsed chassis supplier, to maintain delivery of parts. R...

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Enron: could it happen here?
Company News

Enron: could it happen here?

22y Idris Nagri

Enron: could it happen here?

Just as accounting firms across the world thought it was safe to begin rebuilding their consultancy divisions, the US energy giant Enron crumbled amid...

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Enron vice chairman found dead
Company News

Enron vice chairman found dead

22y Idris Nagri

Enron vice chairman found dead

A former vice chairman of Enron, the collapsed US energy giant, has been found dead. Read More...

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Land Rover row with KPMG rumbles on
Business Recovery

Land Rover row with KPMG rumbles on

22y Idris Nagri

Land Rover row with KPMG rumbles on

Land Rover has returned to court in a bid to extend its injunction preventing UPF receivers KPMG from halting supplies of chassis for its Discovery ca...

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Sluggish UK growth may create £3bn hole
Company News

Sluggish UK growth may create £3bn hole

22y Idris Nagri

Sluggish UK growth may create £3bn hole

A continued slowdown in UK growth in 2002 could result in £3bhn hole in public finances, accountancy consolidator Tenon has warned. Read More...

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Accountancy-related stocks dive
Company News

Accountancy-related stocks dive

22y Idris Nagri

Accountancy-related stocks dive

Accountancy-related stocks plunged this week prompted by negative company news and an increase in UK unemployment. Read More...

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PwC insolvency team kept busy over Enron
Business Recovery

PwC insolvency team kept busy over Enron

22y Idris Nagri

PwC insolvency team kept busy over Enron

The Big Five firm was appointed administrator to seven legal entities and liquidators to five in November and now has to find buyers for thousands of ...

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Enron Europe faces $1bn in liabilities
Business Recovery

Enron Europe faces $1bn in liabilities

22y Idris Nagri

Enron Europe faces $1bn in liabilities

PricewaterhouseCoopers has estimated that gross liabilities of the energy trading arm of Enron's London-based European operations will be in excess of...

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For & Against: What should insolvency figures reflect?
Business Recovery

For & Against: What should insolvency figures reflect?

22y Idris Nagri

For & Against: What should insolvency figures ...

Should insolvency figures reflect the position of a single company or a group of companies? Fred Satow says a better system can be devised. Jeremy Wil...

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Keep gloom at bay
Company News

Keep gloom at bay

22y Idris Nagri

Keep gloom at bay

We reveal this week that consultant Accenture is recruiting 500 new heads in 2002 as the Big Five - a club of which, as Andersen Consulting, it was co...

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Jonty Bloom...The corridors of power
Company News

Jonty Bloom...The corridors of power

22y Idris Nagri

Jonty Bloom...The corridors of power

In the last week I have visited both the Netherlands and Spain.[QQ] I was able to take some cash out of an ATM in Tilburg, near Eindhoven and spend th...

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The drugs don't hurt at AstraZeneca
Company News

The drugs don't hurt at AstraZeneca

22y Idris Nagri

The drugs don't hurt at AstraZeneca

Holding 60% of the pharmaceutical market, drugs giant AstraZeneca is expecting to confirm its position as the European number one when it announces it...

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Jonty Bloom - The corridors of power ...
Company News

Jonty Bloom - The corridors of power ...

22y Idris Nagri

Jonty Bloom - The corridors of power ...

In the last week I have visited both the Netherlands and Spain.[QQ] I was able to take some cash out of an ATM in Tilburg, near Eindhoven and spend th...

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IPs lambaste government over pay
Business Recovery

IPs lambaste government over pay

22y Idris Nagri

IPs lambaste government over pay

Insolvency practitioners have bitterly complained they are not getting paid the rates they demand for their work for the Department of Trade and Indus...

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R3 backs KPMG in Land Rover conflict
Business Recovery

R3 backs KPMG in Land Rover conflict

22y Idris Nagri

R3 backs KPMG in Land Rover conflict

R3, the association of business recovery professionals, has attacked the misuse of power by big business against small suppliers and backed KPMG in it...

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Financial watchdog warns on post services
Company News

Financial watchdog warns on post services

22y Idris Nagri

Financial watchdog warns on post services

Powerful financial watchdog the National Audit Office has warned postal competition could fail if current proposals go ahead. Read More...

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Marconi dismisses Mayo revelations
Company News

Marconi dismisses Mayo revelations

22y Idris Nagri

Marconi dismisses Mayo revelations

Marconi, the troubled technology group, has dismissed revelations made by its former financial director and deputy chief executive as only referring t...

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Enron HQ raided by FBI
Company News

Enron HQ raided by FBI

22y Idris Nagri

Enron HQ raided by FBI

The Enron shredding scandal re-emerged today after FBI agents stormed Enron's headquarters in an attempt to find out whether new allegations of docume...

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