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...the FRC.The disclosure of accounting errors forced M&C Saatchi to adjust its headline profits before tax by £14mn and its statutory pre-tax profits by a total of £28.1mn for 2018 and previous years....
...KPMG also failed to properly audit journal entries across a number of subsidiary companies, the FRC said. KPMG was appointed as auditor of M&C Saatchi in 2012 and resigned in September 2019....
...M&C Saatchi: Shares in the British marketing agency slipped 2.3 per cent after its full-year results showed a 2 per cent fall in revenues and a 10 per cent drop in profit before tax....
...Investment manager M&G has reported a 28 per cent rise in profits for 2023, in the first annual results for chief executive Andrea Rossi, who has pledged to transform the company....
...The group is split into an active asset management arm, a life insurance and pensions business and a financial advice business. M&G’s share price rose by about 2 per cent in morning trading....
...At a time when rental accommodation is prohibitively expensive, any and all change of use is to be encouraged. The Tower Hill conversion is considerate and well-conceived....
...“The need to execute on cross-border M&A is here. It’s for many companies an existential reality. Their supply chains have been disrupted by two major global conflicts,” Pick said....
...The number of outward M&A deals was also down from the previous quarter and the smallest since the last three months of 2020....
...Vandevelde, 73, is presently a director at the company and will replace chief executive Fabien Simon at the start of April on an interim basis and lead a search for a new CEO....
...$1.5bn to c.$1.2bn....
...And in a sense that is what Israel prefers, for its clarity....
...M&S’s contract with HSBC, which owns M&S Bank, is up for renewal. M&S is likely to push for more control and a bigger cut of the spoils....
...H&M has appointed Daniel Ervér as new chief executive of the group, succeeding Helena Helmersson. Ervér has been with H&M for 18 years, most recently as the head of the H&M brand....
...Here’s more on the regions driving a nascent recovery in the M&A market....
...Wednesday’s bond deal is the latest in a flurry of new investment-grade issuance, with tight credit spreads and strong investor demand providing an attractive borrowing backdrop....
...M&A fees recorded the steepest fall, dropping 14 per cent to $6.4bn, their lowest level since 2016.JPMorgan held the top spot globally for M&A advice, followed by Goldman Sachs and Morgan Stanley.Additional...
...Macaulay Culkin’s house in Home Alone remains the gold standard of aspiration as far as I’m concerned: a palatial gaff in the Chicago suburbs with what seems to be about a dozen bedrooms and a massive basement...
...BMS plans to use some of the cash to finance its purchases of Karuna Therapeutics, a psychiatric and neurological drugmaker, and radiopharmaceutical group RayzeBio....
...Because I think certainly for me, like my brain responds much better to a problem that needs to be solved than it does to feelings of despair, and that I’m a terrible person and I’m so ashamed to be in this...
...Marc-Anthony Hourihan has been appointed chair of global M&A, alongside Scott Lindsay and Robin Rankin....
...“People aren’t going to like the answer, because I’m a utopian,” he says, and smiles. “I don’t believe in national borders.” OK, I say....
...JPMorgan’s vice-chair of investment banking Andy Lipsky and co-head of strategic investor group M&A Haidee Lee are leaving the bank, according to a person familiar with the matter....
...“I’m really very grateful,” says Casimir....
...A complex, strangely structured enterprise of multiple overlapping divisions that was built for a different era and held together by deceit, Boney M are available to book now....
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