http://www.camagonline.co.uk/ Accountancy news from CA Magazine, the publication for Institute of Chartered Accountants of Scotland (ICAS) members en-gb Wed, 03 Dec 2008 21:38:41 GMT http://www.camagonline.co.uk/News/1652.aspx http://www.camagonline.co.uk/News/1652.aspx Gordon Brown is to press ahead with plans for more part-time working rights for 4.5m staff, rejecting demands from business leaders that the measure be dropped when new laws are announced today in the Queen’s Speech Wed, 03 Dec 2008 08:24:00 GMT http://www.camagonline.co.uk/News/1651.aspx http://www.camagonline.co.uk/News/1651.aspx Cash-strapped consumers are prepared to overstretch themselves on credit and are failing to think through the consequences, according to a survey by PricewaterhouseCoopers Wed, 03 Dec 2008 08:21:00 GMT http://www.camagonline.co.uk/News/1654.aspx http://www.camagonline.co.uk/News/1654.aspx The number of businesses and employees seeking online advice on redundancies, lay-offs and business restructuring has quadrupled since May as fears over job losses have spiralled, Acas, the advisory and conciliation service, reported on Tuesday Wed, 03 Dec 2008 07:42:00 GMT http://www.camagonline.co.uk/News/1653.aspx http://www.camagonline.co.uk/News/1653.aspx Blair Nimmo and Tony Friar of KPMG Restructuring have been appointed as joint administrators of Bowie Castlebank Group, which includes Alexander Kennedy & Sons Ltd, on Tuesday, at the request of the company's directors Wed, 03 Dec 2008 07:35:00 GMT http://www.camagonline.co.uk/News/1650.aspx http://www.camagonline.co.uk/News/1650.aspx A new range of cheaper products has helped Tesco attract more shoppers to its supermarkets and compete more effectively with discount retailers as British consumers increasingly seek to save money on their weekly shopping bills Tue, 02 Dec 2008 08:36:00 GMT http://www.camagonline.co.uk/News/1648.aspx http://www.camagonline.co.uk/News/1648.aspx Troubled Swiss banking giant Credit Suisse has confirmed that it will cut 650 jobs from its UK workforce. The bank has struggled since the onset of the financial crisis and has been forced to write off assets worth billions owing to bad loans Tue, 02 Dec 2008 08:20:00 GMT http://www.camagonline.co.uk/News/1647.aspx http://www.camagonline.co.uk/News/1647.aspx Shares in New Star Asset Management, one of the UK’s best-known fund managers, plunged nearly 43 per cent on Monday as analysts warned it had just days to negotiate a deal with its banks to avoid potentially devastating outflows of its funds Tue, 02 Dec 2008 08:16:00 GMT http://www.camagonline.co.uk/News/1649.aspx http://www.camagonline.co.uk/News/1649.aspx Aberdeen Asset Management on Monday showed that it had outperformed a struggling fund management sector by reporting slightly higher profits before exceptionals of £95.1m, up from £94.3m last year Tue, 02 Dec 2008 07:25:00 GMT http://www.camagonline.co.uk/News/1644.aspx http://www.camagonline.co.uk/News/1644.aspx The political and public campaign to force Britain's banks to do more to help customers weather the economic downturn will gain impetus today with a promise from the Royal Bank of Scotland to give at least six months' breathing space to homeowners who fall behind with mortgage payments. Mon, 01 Dec 2008 08:22:00 GMT http://www.camagonline.co.uk/News/1645.aspx http://www.camagonline.co.uk/News/1645.aspx Professional services firm Deloitte has reported a 34 per cent rise in applications for graduate positions at its Scottish business, led by a 59 per cent hike at its Edinburgh office Mon, 01 Dec 2008 08:17:00 GMT http://www.camagonline.co.uk/News/1642.aspx http://www.camagonline.co.uk/News/1642.aspx Britain’s fifth largest accountancy firm, Grant Thornton, is to cut 225 jobs, including 60 partners, after blaming the economic downturn and last year's merger with rival business Robson Rhodes Mon, 01 Dec 2008 08:14:00 GMT http://www.camagonline.co.uk/News/1643.aspx http://www.camagonline.co.uk/News/1643.aspx Scottish Equity Partners (SEP) has been named the UK’s top?venture capital firm for the second year running.?SEP received the accolade at the British Private Equity Awards run by?Unquote, which celebrate excellence and innovation across the private equity sector.? Mon, 01 Dec 2008 07:17:00 GMT http://www.camagonline.co.uk/News/1638.aspx http://www.camagonline.co.uk/News/1638.aspx Creditors of Lehman Brothers' European operations hold their first committee meeting next week but PwC, the administrators of the collapsed bank, have warned they are still some way from confirming exactly what they hold Fri, 28 Nov 2008 09:07:00 GMT http://www.camagonline.co.uk/News/1640.aspx http://www.camagonline.co.uk/News/1640.aspx The repercussions of Woolworths’ collapse washed across the high street on Thursday as supermarkets scrambled to switch to other suppliers, administrators fielded calls from potential buyers and political blows were traded Fri, 28 Nov 2008 09:06:00 GMT http://www.camagonline.co.uk/News/1639.aspx http://www.camagonline.co.uk/News/1639.aspx The government is to own 57.9 per cent of the Royal Bank of Scotland after shareholders bought only a tiny proportion of the new shares being offered by the bank Fri, 28 Nov 2008 09:02:00 GMT http://www.camagonline.co.uk/News/1637.aspx http://www.camagonline.co.uk/News/1637.aspx The FRC recognises that the global liquidity squeeze and its impact on the wider economy increases the challenges for directors in preparing corporate reports this year Fri, 28 Nov 2008 08:55:00 GMT http://www.camagonline.co.uk/News/1633.aspx http://www.camagonline.co.uk/News/1633.aspx More than 100 people were killed, including several foreigners, and hundreds injured in Mumbai after gunmen turned India’s financial capital into a war zone on Wednesday night, shooting guests in luxury hotels and setting off explosions in one of the worst terrorist attacks in the country’s history Thu, 27 Nov 2008 08:25:00 GMT http://www.camagonline.co.uk/News/1634.aspx http://www.camagonline.co.uk/News/1634.aspx Woolworths fell into administration on Wednesday, putting 30,000 jobs at risk and marking the bleakest day so far for retail in the financial crisis Thu, 27 Nov 2008 08:19:00 GMT http://www.camagonline.co.uk/News/1635.aspx http://www.camagonline.co.uk/News/1635.aspx A KPMG survey of Chief Financial Officers (‘CFOs’), conducted by CFO Europe magazine, has found that companies are focusing on short-term fixes to relieve the pressure of the credit crunch Thu, 27 Nov 2008 08:14:00 GMT http://www.camagonline.co.uk/News/1636.aspx http://www.camagonline.co.uk/News/1636.aspx Deloitte says UK GAAP is still used in the parent company financial statements of over half of listed companies. Its report ‘Right to the end’ analyses financial statements taken from 130 UK listed companies, 30 of which were investment trusts Thu, 27 Nov 2008 08:04:00 GMT