Exclusive: London rides wave of floats to snatch Europe listing crown December 20, 2021 London has ridden the crest of a wave of companies listing in the capital over the last year, reveals a fresh study shared exclusively with City A.M. today. The City muscled out its rivals on the continent to take the crown as Europe’s top listing hotspot, research by consultancy KPMG has found. The capital breezed [...]
City Moves: Who’s switching jobs in the Square Mile today? December 17, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Carzam Online used car business Carzam’s has appointed Paddy Power’s former boss as a new executive chairman. Andy McCue, who spent a decade with the gaming and betting giant, was also CEO of The Restaurant Group during [...]
Challenger accounting firm DSW shares rise 15 per cent in AIM debut December 16, 2021 Shares in DSW Capital rose 15 per cent today, following the professional services company’s debut on London AIM, marking a warm welcome to the market for the ‘Big Four’ challenger firm. After raising £5m in its initial public offering (IPO), DSW achieved a market capitalisation of £21.4m, based on a share price of 100p. Shares [...]
Challenger accounting firm to list on London AIM with £21m market cap December 13, 2021 Professional services company DSW Capital will make its initial public offering (IPO) debut today, while Big Four firm rivals focus on fending themselves off from more scandals. DSW, which owns advisory firm Dow Schofield Watts, plans to place five million shares at 100 pence per share to raise gross proceeds of £5m when it lists [...]
Big Four auditors will be forced to share FTSE business December 10, 2021 Plans to force FTSE 350 companies to use challenger audit firms have been signed off by the business secretary as pressure for reform mounts, according to reports. Kwasi Kwarteng wants to push ahead with a proposal to break up the dominance of the Big Four accounting firms: Deloitte, EY, KPMG and PwC – and is [...]
KPMG reports $32bn global revenue as Big Four record strongest performance since Enron December 9, 2021 KPMG has reported a ten per cent rise in annual global revenues, up to $32.1bn, as advisory services have boomed during the pandemic. The combined results of the Big Four consulting firms – Deloitte, EY, KPMG and PwC – are the strongest since the Enron scandal which resulted in the collapse of Arther Andersen, according [...]
Severe imbalances in jobs market are ‘unsustainable’ for businesses December 9, 2021 Severe imbalances in the UK jobs market are “unsustainable” for businesses and will clamp down on Britain’s recovery from the pandemic, according to a new report released today. Red hot demand for workers is rubbing up against weak supply, causing wages to lift off, research by consultancy KPMG and the Recruitment and Employment Confederation (REC). [...]
Ashes talking points: England weren’t good enough, but Aussies shone December 8, 2021 There was a deep feeling of dread when Haseeb Hameed and Rory Burns walked out onto the Gabba’s moderately green crease to open the batting in the first Test of this winter’s Ashes. But no one would have predicted the collapse that followed. Here are the talking points from England’s batting on day one of [...]
Eight Premier League stars in KPMG top 10 most valuable players list December 8, 2021 KPMG has underlined the financial supremacy of English football by naming eight Premier League stars among its top 10 most valuable players. Erling Haaland of Borussia Dortmund, valued at €142m (£121m), and Paris Saint-Germain’s Kylian Mbappe, valued at €128m (£109m) occupy the top two places. But the remainder of KPMG’s top 10 is comprised of [...]
Growth of property values hits 15-year high: House prices rise for fifth straight month amid 8.2 per cent annual jump December 7, 2021 Average UK property price hits a new record high of £272,992 last month, rising in November by 8.2 per cent compared to the same month a year earlier, according to Halifx, publishing its monthly index this morning. Prices increased by 1 per cent month-on-month in November while quarterly house price inflation is now at its [...]