KPMG and BDO among group of consultants set to publish New Year’s resolutions January 9, 2017 By this point in January, many are already lamenting their failed efforts to stick to their New Year's diet, hit the gym every morning or stay away from the sauce. Not to be deterred, City A.M. has learnt a group of well-known names in consultancy are set to publicly pledge their resolutions for the new year [...]
Productivity puzzle remains for economists despite UK growth in third quarter of 2016 January 6, 2017 The UK is still struggling to increase the amount it increases per worker as economists wrestle with a continued “productivity puzzle”, new official data shows. Labour productivity, measured by the amount the UK produced per hour, grew by only 0.4 per cent in the third quarter of 2016, representing a flat rate of growth, according [...]
The UK boosted its productivity potential last year, but Brexit could push it back down again January 5, 2017 The UK's comparative potential for productivity grew last year, but a bad Brexit deal could see it slip back down the rankings, research released today has found. The country crept up from 14th to 13th place in KPMG's Variables for Sustained Growth (VSG) Index, which rates the productivity potential in different countries. The final VSG score [...]
The 9 best paying companies in the UK for directors January 5, 2017 Recruitment website Glassdoor has ranked British companies based on how much they pay directors — senior staff who generally take care of a particular area of a company. The site, which lets staff anonymously submit company reviews and salary information, used data compiled over the past three years to produce its list. Perhaps unsurprisingly, the [...]
The 10 companies where directors earn the highest salaries January 3, 2017 Thinking of climbing the career ladder in 2017? C'mon, who isn't, let's be honest. It's a new year bringing new opportunity, after all. But if you're looking to make the leap to director level, or are eyeing a change of scenery at that level already, some moves are worth making more than others – when [...]
KPMG boss: Let’s get my successor in place then it’s time to shoot for the global job December 18, 2016 KPMG’s UK boss will throw his hat in the ring for the firm’s global top job, with winning back public trust in business at the top his to-do list. Simon Collins surprised fellow partners during the firm's annual conference in December by revealing he would not be seeking re-election as the UK chairman. And speaking to [...]
Growth in revenues is good but it’s even better if you look more carefully, says KPMG boss December 16, 2016 KPMG said its annual results proved it had moved beyond simply being a Big Four beancounter as it joined competitors in smashing through the £2bn revenue barrier. The UK arm, based in Canary Wharf, is the last to announce its annual return, reporting performance for the 12 months to the end of September. EY's UK business reported revenues [...]
The meatiest deal of 2016? Private equity firm buys majority steak in Dutch butcher December 13, 2016 A European private equity group has announced a meaty new acquisition. Equistone Partners Europe has bought a majority stake in Group of Butchers alongside the Dutch firm’s current management. Founded in 1997 under the name Dutch Grill Specialities and headquartered in Tilburg, Group of Butchers is a producer of high-end meat products sold at supermarkets [...]
Public funds committed to infrastructure and construction have increased by £40bn since March December 8, 2016 The total amount of public money locked in to infrastructure and public construction projects has leapt by almost £40bn, or eight per cent, in the last six months. Figures from KPMG show that the total value of a combined government infrastructure and construction pipeline is now £502.3bn, up from £463.4bn in March. 60 per cent [...]
City Moves for 8 December 2016 | Who’s switching jobs December 8, 2016 Quinn Emanuel Urquhart & Sullivan Quinn Emanuel Urquhart & Sullivan has appointed Mark Hastings as a partner based in the firm's London office. He had previously been a partner at Addleshaw Goddard where he was head of the firm's civil fraud group. Mark has been retained to represent clients in a number of the largest cases to [...]