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Consultancy Industry News

A look under Inchcape’s bonnet »
It is a retailer, on impossibly low margins, with falling sales, hopelessly nailed to the health of the global economy, refinanced by a deeply discounted rights issue last year — and it isn’t paying a dividend. So, would you buy a used share certificate from Inchcape? (Mar 11, 2010)

There’s no place like home for Standard Life »
So Standard Life’s frontier growth market is ... the UK. David Nish used his maiden outing as chief executive to describe why a life and pensions market that competitors see as ex-growth is full of potential. Prudential wants to be bigger in Asia, Aviva says the future is in Europe, but... (Mar 11, 2010)

EMI chief Elio Leoni-Sceti walks away — bands may be on the run »
The future of EMI looked even more parlous yesterday when it parted company with its chief executive amid suggestions that several of its biggest acts were considering jumping ship. (Mar 11, 2010)

Business big shot: Alain Grisay »
If you are a young fund manager who takes pride in your entrepreneurial approach, then Alain Grisay may be someone you want to talk to. More to the point, the chief executive of F&C Asset Management may be very keen to talk to you. (Mar 11, 2010)

Roy Stanley behind £70 million SEV US bid »
Roy Stanley, the former chairman of Tanfield Group, is orchestrating an unusual plan to take over the company’s main electric vehicles division in a £70 million conditional proposal that sent its shares racing 46 per cent higher. (Mar 11, 2010)

Costain sees nuclear future »
The boom in school and hospital building is over and the future of civil engineering is nuclear, according to Costain, the engineering and construction group. (Mar 11, 2010)

James Murdoch digs in over content battle with Google »
James Murdoch yesterday reiterated News Corporation’s tough attitude towards Google, repeating the threat made by his father to withdraw the company’s content from the search engine giant. (Mar 11, 2010)

Our staff have earned their bonuses, says Northern Rock chief executive »
Northern Rock’s boss yesterday defended the decision to pay staff almost £15 million in bonuses despite the state-owned bank’s loss of more than £250 million last year. (Mar 11, 2010)

City excited by predator stalking Tullett Prebon »
Shares in Tullett Prebon jumped almost 26 per cent as the inter-dealer broker (IDB) said that it was in the sights of a predator. At yesterday’s 390p closing price, the company, run by Terry Smith, is worth £840 million. (Mar 11, 2010)

BP tipped to seal Brazilian offshore deal »
BP has emerged as a front-runner to buy $5 billion ($£3.3 billion) of oil assets from Devon Energy, the independent US oil and gas producer. (Mar 11, 2010)