EY to buy Frank Hirth’s UK business, leaving some staff in limbo February 3, 2021 Big Four firm EY will acquire the UK business of tax advisory and compliance business Frank Hirth for an undisclosed fee. Around 200 employees and more than 5,000 clients of Frank Hirth will move across to EY. Four Frank Hirth employees currently working out of New Zealand have been left in limbo as a result [...]
City Moves for 3 February: Who is switching jobs in the Square Mile this week? February 3, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. New head of UK business for BNP Paribas REIM French firm BNP Paribas Real Estate Investment Management (BNP Paribas REIM) has appointed a new UK business head to manage its multi-billion-pound real estate [...]
Looking to the “sunny uplands of recovery” February 3, 2021 | Sponsored David Smith, Fund Manager for Henderson High Income Trust, discusses the latest portfolio activity, the Trust’s recent performance and highlights the companies driving this performance. David also explains why he believes that by gaining the much-anticipated clarification on Brexit and COVID-19 vaccines, the UK equity market should look towards a positive recovery in 2021. Glossary [...]
Number of FTSE 100 top positions held by black people drops to zero February 3, 2021 There is not a single black business leader at any FTSE 100 company in the UK despite businesses pledging to do more for racial inequality. Research by executive recruitment consultancy Green Park has found that the number of black people filling leadership positions of chairman, chief executive or finance chief at FTSE 100 firms is [...]
KPMG partners take 11 per cent pay cut as Covid-19 eats into profits February 3, 2021 Partners at KPMG have had their pay cut by an average of 11 per cent, from some £640,000 to £572,000, as Covid-19 hit profits and revenue at the firm. KPMG’s chairman was paid £1.7m for the year, a decrease of 14 per cent on 2019. Partners across Big Four firms saw pay cuts in [...]
City A.M. TV: Daily Market Snapshot February 3, 2021 With such a strong rally this week, and a marked retracement of recent losses, the key near term question is whether this is a ‘dead cat bounce’ – OR – simply a resumption of the medium term uptrend. From a price action perspective, the jury is still out. In particular, despite a strong rally in US [...]
City A.M. TV: Daily Market Snapshot February 2, 2021 With such a sharp rally in global equity markets over the past 36 hours, the debate continues to rage about whether this is a wave two relief rally in this pullback, or indeed whether wave one is still ongoing? This morning we look at the key technical support and resistance levels, as well as the [...]
Not another one: How to make video calling more productive (and more interesting) February 2, 2021 As the UK approaches the end of its first month of the latest lockdown, our experiences of working, studying and teaching from home are showing serious signs of fatigue. We are finding ourselves sitting in front of a webcam for the majority of our days, and whether we’re joining virtual business meetings, teaching, or hosting [...]
Myanmar military seizes power, detains elected leader Aung San Suu Kyi February 2, 2021 (Reuters) – Myanmar’s military seized power on Monday in a coup against the democratically elected government of Nobel laureate Aung San Suu Kyi, who was detained along with other leaders of her party in early morning raids. Western nations condemned the sudden turn of events, which derailed years of efforts to establish democracy in the [...]
PwC’s new leader of FS: ‘The outcome of Brexit on financial services is still unknown’ February 1, 2021 Last month Isabelle Jenkins was named the new leader of financial services at PwC UK, after spending 17 years as a partner at the firm. Jenkins replaced Andrew Kail, who held the role over the last four and a half years. In her first interview as leader of financial services at the Big Four firm, [...]