UK economic growth expected to slow as Brexit and global tensions bite June 27, 2019 The UK’s economic growth is expected to slow as prolonged uncertainty over Brexit and global headwinds take their toll. Audit firm KPMG said today it expects the UK’s gross domestic product (GDP) growth to reach 1.4 per cent in 2019, falling to 1.3 per cent in 2020 – down 0.2 per cent since its last [...]
Large UK firms lagging behind on technology adoption, warn CBI and Oracle June 25, 2019 Large UK companies are adding to the country’s productivity crisis by failing to adopt new technologies which could boost their output, the Confederation of British Industry (CBI) and US computer firm Oracle have said. Read more: UK employers warn of mass job losses in digital revolution If just one in 100 business adopted a new [...]
No-deal Brexit could dent UK’s technology-driven growth, says KPMG June 24, 2019 If Britain leaves the European Union with a deal then new technologies will help UK trade more than triple to over £4 trillion by 2050, professional services firm KPMG said today. Read more: Mark Carney warns 150,000 firms not ready for no-deal Brexit Yet should the UK crash out with no deal, the total of [...]
City Moves for 20 June – Who’s switching jobs? June 19, 2019 Today’s City Moves includes KPMG, PwC and Publicis Sapient KPMG Kay Swinburne is due to join KPMG UK as vice chair of financial services from 1 July 2019. In her new role, Kay will chair KPMG’s risk and regulatory insight centre, which provides insights on risk and regulation. Kay will work closely with Karim Haji, [...]
Goals ‘blocks’ Mike Ashley probe into £12m accounting crisis June 19, 2019 Goals Soccer Centre is accused of having “stonewalled” calls from its largest shareholder, Sports Direct, for an external probe into its £12m accounting crisis. Sports Direct billionaire Mike Ashley had urged Goals to green light an external investigation over fears about the scale of the accounting issues. Read more: Goals warns of weaker results amid [...]
‘Ideological war’ over future of AI as businesses warn against robot tax June 15, 2019 Businesses and trade bodies have urged the government and industry to embrace the rise of robots and better prepare workers and future generations. The business, energy, and industrial strategy (Beis) committee is in the midst of an inquiry into the automation and the future of work in the UK. Read more: The robots are coming [...]
SSP buys three Jamie Oliver restaurants saving 250 jobs June 13, 2019 Three of Jamie Oliver’s restaurants have been rescued after administrators secured a sale with SSP, saving 250 jobs. SSP will take over the three sites at Gatwick Airport after the celebrity chef’s restaurant business collapsed into administration last month. Read more: Jamie Oliver’s restaurant business collapses into administration All of Oliver’s restaurants, excluding the Gatwick [...]
Financial services jobs at risk amid rise of the robots June 12, 2019 As many as one in five jobs in the financial services sector could be replaced by robots within the next five years, a new survey has revealed. Research by KPMG and recruitment firm Harvey Nash showed the rapid rise of new technology such as automation and AI could remove the need for up to 20 [...]
City Moves for 12 June – Who’s switching jobs? June 12, 2019 Today’s City Moves includes KPMG, Reviral and FTI Consulting. KPMG KPMG has announced the appointment of Phil Abram as chair for its London region practice. Phil will work closely with management teams to oversee operations and drive the growth strategy across the five offices which make up KPMG’s London region, (Cambridge, Norwich, Gatwick, Milton Keynes [...]
Labour market confidence hit by Brexit gloom in May June 7, 2019 The number of people placed into permanent job roles fell for the fourth time in the past five months in May and at a quicker pace than in April. Subdued confidence hit both the demand and supply of labour, with vacancy growth staying close to a multi-year low and staff availability declining further, according to [...]