Stay updated with breaking news from Duff phelp. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Dan Whelan The collapsed contractor’s administrator has sold two plots at Dukinfield Golf Club to housebuilder Elan Homes for £1.8m, and extended the administration period for a further two years to increase the chances of delivering a financial return for creditors owed £45m. In its most recently published report on Bardsley Construction, Duff & Phelps said a total of £1.2m from the land sale will go towards repaying the company’s creditors, after £600,000 of the proceeds was apportioned to the company that owned the golf club. That company is also now in administration. Tameside-based Bardsley collapsed in December 2019 after running into trouble on three major projects that caused a £3.2m hit to its bottom line, according to previous administrators’ reports. ....
February 5, 2021 With A Brand Value Of $237.7 Million, Virat Kohli Leaves Bollywood Behind ( Photo Credit â Instagram / Akshay Kumar / Virat Kohli ) The Duff & Phelps Celebrity Brand Valuation Study is out. And as per the list, it is not Bollywood actors like Akshay Kumar and Shah Rukh Khan topping the list but an Indian sportsperson. The skipper of the Indian cricket team, Virat Kohli is at the top again. Interestingly, this is the fourth consecutive year the sportsperson has retained his spot. Advertisement While the movie industry saw a dry spell in 2020 owing to the pandemic, the remaining spots on the Top 10 were filled with members from the industry. This included Akshay, Ranveer Singh, Deepika Padukone and others. Scroll down to have a look at their brand value numbers. ....
To embed, copy and paste the code into your website or blog: A recent decision of the U.S. District Court for the District of Columbia further erodes a defendant’s claim of privilege with respect to expert reports related to data breaches. However, it also provides important considerations to victims of a breach who wish to promote maximum candor from their consultants by asserting the work product privilege. In Wengui v. Clark Hill, PLC, decided January 12, 2021, the plaintiff sued his former law firm for failing to adequately protect his personal information from a breach likely perpetrated by the Chinese government. Following the breach, the defendant law firm retained outside counsel, which then hired a security consultant Duff & Phelps to perform an investigation. Employing the “because of” test which asks whether a document would have been created “in substantially similar form” even without litigation, the Court ruled that the materials produced ....
UK companies record highest impairment charges since 2012 (Getty Images) UK companies have recorded the highest goodwill impairments since 2012, new figures show, as Brexit uncertainty continues to have an effect on performance. In 2019 FTSE 100 companies recorded an aggregate impairment of 16bn, a 248 per cent increase from the previous year, according to research by Duff & Phelps. While UK companies within the pan-European Stoxx 600 recorded a 172 per cent increase in impairment charges, with an aggregate of 19.3bn. UK companies also accounted for 64 per cent of the top 10 goodwill impairments combined in 2019, and over half of the total amount for the year. The top three industries with the most significant charges were financials and real estate – nearly doubling from 9.6bn to 17.2bn in a year – in large part due to a slowing global economy and a low interest rate environment. ....