– Mazars Neville Russell has recruited David Whitelaw, a former Paribas corporate finance director, to build its European middle-market M&A team. Whitelaw left Paribas last year after it was taken over by French rival BNP. At Mazars, the sixth largest European accountancy practice, he will work with London head of corporate finance Philip Chamberlain and Patrick de Cambourg in Paris. Mazars has a corporate finance team of 26 in London, who work principally on transaction support.
The firm’s website is at www.mazars-nr.co.uk
– Grant Thornton advised the management team in the buy-in of commercial floor and wall tile supplier Domus Tiles by TileCo, a company set up by former MD of World’s End Tiles, Jon Newey. The #10m deal will allow TileCo to enter the architectural market for major commercial projects such as the V&A museum, Jubilee Line and Canary Wharf Towers. The new group will also aim to expand into the domestic market.
– More than a quarter of companies in the FTSE-100 demerged or made major disposals last year, according to figures released by KPMG.
In 1998, only four FTSE-100 companies demerged or made significant disposals.
The increasing trend was put down to several economic factors, including the drive to raise shareholder value and market pressure to refocus operations. The trend was reflected in continental Europe, and KPMG predicted this trend would be set to rise in the next 12 months.
More details at www.kpmg.co.uk.
The application of robotics in finance functions is moving faster than predicted. Although, companies are cautious in how they are applying artificial intelligence to ensure results first, many are stepping up their investigations
EU competition commissioner Margrethe Vestager has defended the decision to order technology giant Apple to pay €13bn (£11bn) in back taxes to the Irish government
Carillion has announced the appointment of a new finance director as it reported a rise in first half profits and sales led by strong growth in its support services business
The UK inflation rate hit its highest level in almost two years in July, suggesting that the sharp fall in sterling following the UK referendum to leave the European Union is forcing prices up