City Moves for 4 March – who’s switching jobs at Impact Healthcare, Stobart Group and Arrow Capital Partners? March 4, 2019 Today's City Moves cover Impact Healthcare Reit, Stobart Group and Arrow Capital Partners. Take a look at these movers and shakers. Impact Healthcare Reit Healthcare real estate investment trust Impact Healthcare Reit has announced the appointment of Amanda Aldridge as a non-executive director of the company with immediate effect. Amanda will join the audit, remuneration and [...]
PwC back with a vengeance at top of audit client rankings March 3, 2019 Accountancy giant PwC has become the leading auditor of listed UK clients for the first time since 2013, retaking its FTSE 100 client crown in the process. PwC, Britain’s biggest professional services firm by revenues, leapfrogged fourth-placed KPMG to take pole position. The smaller firm lost 12 clients between November last year and February, while [...]
Fintech firms to face increased scrutiny as regulators fear pace of change, KPMG warns March 3, 2019 Regulators are becoming increasingly concerned that the scale and pace of fintech development could harm consumers and threatened the financial system, according to a KPMG report. The report warned that regulators and risk experts were struggling to keep up with the pace of technological change and predicted a fresh wave of regulatory scrutiny in 2019. [...]
London offers a magic potion for startup success, but we can up our game February 28, 2019 The formula for a successful business is impossible to define. Just having the best product isn’t enough (Betamax’s loss to VHS back in the eighties can tell you that). Great branding and brilliant management are both necessary, obviously, but neither is a silver bullet. Luck is probably part of it. Hard work too. But whatever [...]
Financial Reporting Council extends probe into Carillion’s accounts February 26, 2019 Britain’s accounting watchdog will look even further into the past in its investigation of the audit of failed outsourcing giant Carillion. For the first time the Financial Reporting Council’s (FRC) probe will stretch to work done in 2013 – but a spokesperson declined to say why this was. Read more: KPMG boss confident in Carillion [...]
City Moves for 22 February – Who’s switching jobs at ICG, Duff & Phelps and M3 Consulting? February 22, 2019 Today's City Moves cover International Capital Group, Duff & Phelps and M3 Consulting. Take a look at these movers and shakers. Intermediate Capital Group Intermediate Capital Group (ICG) has announced the appointment of Jamie Rivers as a managing director in the UK equity and mezzanine team. He has joined from BC Partners, where he worked [...]
Theresa May issues last-minute Brexit plea to Tory MPs ahead of Brussels visit February 17, 2019 Theresa May has appealed to her warring MPs to set aside their "personal differences" on Brexit and unite behind her deal, as she faces another strained week of negotiations with Brussels. The PM wrote all Conservative MPs urging them to "move beyond what divides us" and warning that "history will judge us". May's latest plea [...]
Patisserie Valerie wins rescue backing from private equity firm February 14, 2019 Scandal-hit Patisserie Valerie has been rescued in a £13m management buyout backed by Irish private equity firm Causeway Capital Partners. The cake chain confirmed this morning that Causeway Capital Partners had struck a deal with Patisserie Valerie's administrators in a move that is set to save 2,000 jobs and 96 of the firm's remaining branches. Retail and [...]
Big Four accountants face Australian competition probe February 13, 2019 The Big Four accountancy firms face fresh global pressure as an Australian probe investigates whether they have operated as a cartel in the country. The Australian Competition and Consumer Commission (ACCC) contacted Deloitte, EY, KPMG and PwC late last year to request information, in order to determine whether a full inquiry is needed, the Australian [...]
UK slips behind Norway and Finland in readiness for driverless cars February 11, 2019 Britain’s rivals are speeding ahead in the race to introduce driverless cars onto the roads, according to research. The UK slipped two places this year down to seventh place in KPMG’s rankings on progress and capacity for adopting the technology, overtaken by Norway and Finland. Read more: Tomtom to focus on driverless after €910m sale [...]