A study by Robert Half has found that the UK finance job market has been hit harder than contemporary finance centres throughout the world. Read more...
Administrators from PricewaterhouseCoopers have offloaded one of Lehman Brothers key divisions to asset management company Neuberger Berman.
Lehman Brothers' European Asset Management arm is now in the hands of NBEH Limited, a UK company owned by the US-based Neuberger Berman Group. Read more...
The accountancy software company Sage has announced profits in line with their expectations and said there is still a strong demand for its products.
Pre-tax profit rose by 14% to £139.2M only slightly short of an analyst's forecast of £140M. Read more...
President Barack Obama has intimated that the recession could be easing. Whilst speaking to students at Gergetown University he said "there are signs of economic progress" but underlined that times remain tough, there would be more job losses to follow and that the recovery would take time. Read more...
The CBI has called on the chancellor to use the Budget as an opportunity to boost confidence, jobs, investment and competitiveness whilst also predicting that the government would have to borrow £100bn more than anticipated during the recession. Read more...
It has been agreed by all nine members of the Bank of England's rate setting committee to cut interest rates to a record low of 0.5%. There was also unanimous agreement to create £75bn of new money to try to revive the floundering economy. Read more...
BDO Stoy Hayward predicts the number of British businesses to fail this year will increase by 59% compared to 2008. Their report forecasts that this year will see 36,000 businesses fail (one in 56) compared to 22,600 (one in 87) in 2008. More
Europes premier accountancy institutes including ICAS and ICAEW have taken significant steps towards the harmonisation of qualifications for membership but with the emphasis still on quality. Read more...
The former bosses of the banks HBOS and RBS have apologised unreservedly for their banks' failure. Whilst talking to MPs on the Treasury Committee the former bank chiefs said that a bonus culture had contributed to the crisis and needed to be reviewd. Read more...
Despite prifits in excess of £6 billion, Barclays has said that their bonus payments for 2008 would almost halve. Read more...
