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CA Magazine

Every article from your latest print edition of CA Magazine

December 2008

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Kroll spins out two companies

Kroll, an arm of the US risk and insurance group Marsh & McLennan, is spinning out two London restructuring businesses in management buy-outs

Pension scheme deficit rises

UK final salary pension schemes have dipped deeper into the red as share prices fall

Trusty accountants

Small firms in the UK trust their accountants more than their bank managers for financial advice, though most seek such advice fewer than four times per year

CBI retracts its forecast and predicts a 2.5% slump in 2009

Britain is set to enter a recession as severe as that of 1991, employers predict. They say the economy will shrink by 2.5 per cent from its peak, reaching a trough late next year

Tough times for Scotland

Scotland will plunge into recession next year, according to the authoritative analysists Fraser of Allander Institute

Late report numbers rise

British companies are struggling to meet deadlines for filing accounts to Companies House

Tweedie warns on ‘interference’

Sir David Tweedie considered resigning over European political interference in the work of the International Accounting Standards Board, which he chairs

Llodys shareholders back HBOS takeover

Shareholders at Lloyds TSB have spoken, with an overwhelming 96 per cent voting in favour of its takeover of HBOS

Private equity chiefs play waiting game

Two-thirds of private equity bosses have stopped investing during the crisis in financial markets, preferring to wait for the economic downturn to throw up more attractive deals

Brussels sums right at last

The European Commission has had its annual accounts passed by the European Court of Auditors, after 14 years of attempts

Non-execs under fire

Non-executive directors contributed to the financial crisis by failing to challenge the management of many top banks, according to Lord Paul Myners, the UK’s City minister

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