KPMG South Africa appoints new boss as it tries to put scandals behind it November 28, 2018 The troubled South African arm of audit giant KPMG today announced a new chief executive from outside the firm. It appointed the deputy chief executive of PwC’s South African arm, Ignatius Sehoole, as its new boss, taking over from Nhlamulo Dlomu, who is stepping down after a year. KPMG has been rocked by a series [...]
Housebuilder Telford Homes boosts profit as it focuses on London November 28, 2018 Developer Telford Homes announced a jump in profits today for the first half of the year as its strategy of building homes in London paid off. Total revenue in the first half of 2019 increased 31 per cent to £129.6m, while profit before tax rose 16.1 per cent to £10.1m. The company increased its interim [...]
Profit slips at private equity takeover target RPC November 28, 2018 Plastics maker RPC today announced a slight dip in profit ahead of a deadline for its US private equity suitors to make firm bids for the business. RPC said its adjusted profit before tax fell two per cent to £188.9m in the six months to September 2018. Revenue for the six months was £1.892bn, a [...]
Inflows give profit boost to Brewin Dolphin November 28, 2018 Asset manager Brewin Dolphin today reported a profit jump as it was boosted by strong inflows. The company said adjusted profit before tax for the year to 30 September was £77.5m, a 10.7 per cent increase on the previous year. Its total funds stood at £42.8bn, an increase of 6.7 per cent. Brewin Dolphin increased [...]
Shipping executives convicted in North Sea oil bribery scheme November 27, 2018 Two former executives of shipping company FH Bertling have been convicted for their part in a corrupt scheme to win a ConocoPhillips freight forwarding contract worth over £16m as part of a North Sea exploration project. The Serious Fraud Office (SFO) said today that Stephen Emler and Giuseppe Morreale had pleaded guilty to their part in [...]
Ukraine introduces martial law as it warns of possible Russian invasion November 27, 2018 Ukraine has imposed martial law on parts of the country vulnerable to an attack by Russia following the naval clash between the two countries on Sunday. Ukraine’s President Petro Poroshenko said there was an “extremely serious” threat of a Russian land invasion after Russia injured six Ukrainian sailors at the weekend and seized three of [...]
Profit leaps at guarantor loans provider Amigo following its London float earlier this year November 27, 2018 Sub prime lender Amigo posted a 40 per cent jump in adjusted profit after tax today in its first results since its London flotation in June. Shares were down 1.15 per cent this morning at 262p, which also marked a dip on their original price of 275p. Revenue grew 40 per cent to £130.1m in [...]
Profit slumps at De La Rue following UK passport loss November 27, 2018 De La Rue today reported a fall in profits in its first results since it lost the contract to print the UK’s passports. The figures The company said its adjusted operating profit fell 36 per cent to £17m in the six months to 29 September when compared to the same period last year. Revenue increased [...]
KPMG faces tribunal for its work for mattress firm Silentnight November 22, 2018 Audit firm KPMG and one of its partners face a tribunal over work for mattress firm Silentnight, the accountancy watchdog said today. The Financial Reporting Council (FRC) today delivered a formal complaint against the firm and restructuring partner David Costley-Wood. The FRC alleged that KPMG and Costley-Wood acted for Silentnight “in circumstances where their professional judgment [...]
Noel Edmonds launches legal case against Lloyds Banking Group as he enters the I’m A Celebrity jungle November 22, 2018 Former Crinkley Bottom resident and Deal or No Deal supremo Noel Edmonds is set to take his fight with Lloyds Bank into the Australian jungle. Edmonds is set to use his I’m A Celebrity TV platform to blast the bank, which he blames for the failure of his business. His lawyer, Jonathan Coad of Keystone [...]
