The government is today unveiling a review on women in senior leadership as new leader of the Women’s Business Council is revealed July 7, 2016 A new, government-backed review of women in business has been announced today, as the 2016 Female FTSE Board Report reveals that the overall percentage of women on FTSE boards has increased since March 2015. Sir Philip Hampton, chair of GlaxoSmithKline, and Dame Helen Alexander, chair of UBM, will head up a team of industry chiefs [...]
KPMG has appointed senior partner Karen Briggs to be the firm’s “head of Brexit” July 6, 2016 KPMG has appointed one of its senior partners as the firm's official "head of Brexit". Ahead of many other companies and indeed the Conservative Party, the Big Four firm announced today that Karen Briggs will lead its work in advising its clients on how to manage their businesses in the wake of the surprise pro-Brexit referendum result two weeks ago. She [...]
European Commission approves new cyber security initiative and funding July 5, 2016 The European Commission wants EU member states to work together on cyber security. The European Union's executive body has signed an agreement that'll have member states funding and working together with private groups to prevent cyber attacks. There have been repeated warnings over the vulnerability of both private and public institutions in recent months. And it seems we're [...]
Multinationals warned over risk of cyber attacks July 5, 2016 Large multinationals are being warned over their preparations against cyber attacks. Companies have admitted to feeling constrained by regulation, resources, and dependence on third parties, with only a fifth of IT decision makers confident they are able to deal with the growing threat of cyber-criminals. Research from KPMG and BT found that almost half (47 [...]
City Moves for 4 July 2016 | Who’s switching jobs July 4, 2016 Towergate Towergate has appointed Kay Martin as commercial director. Kay will join the executive committee, reporting to CEO David Ross. She will join Towergate from Zurich UK where she has been a member of the UKGI executive team and chief marketing officer since June 2010. Kay recently assumed interim responsibilities for Zurich UK Personal Lines, taking on the role [...]
Infrastructure improvements needed at the heart of devolution agenda to boost growth, according to research from the Institution of Civil Engineers June 30, 2016 Significant boosts to local growth, quality of life and environmental sustainability could all materialise if infrastructure improvements are placed at the heart of the devolution agenda, according to new research. A report from the Institution of Civil Engineers (ICE) has found that the focus on infrastructure is a key economic driver for devolution, as well as [...]
My Local formally collapses into administration putting 1,658 jobs at risk June 29, 2016 Convenience chain My Local has formally gone into administration putting 1,658 jobs at risk. The embattled retailer, which is set to shut 90 shops, has appointed KPMG to act as administrators. Formerly owned by Morrisons and called M Local, the supermarket chain was snapped up by Greybull Capital in a deal reportedly worth £25m last year. Morrisons has confirmed [...]
Brexit blues: Consumers say they’ll be saving in the coming months as analysts predict a spending squeeze for Brexit Britain June 29, 2016 Brexit is already starting to bite for consumers, with the some of the first insights into post-referendum attitudes showing that Brits are convinced their livelihoods will be hit and predictions that UK spending will be squeezed. Sixty-one per cent of consumers are worried about the future of the UK economy and think Brexit will negatively impact their [...]
Accounting watchdog announces investigation into KPMG over HBOS June 27, 2016 The accountancy watchdog has launched an investigation into KPMG over its audit of HBOS. Specifically, the Financial Reporting Council (FRC) is looking into the conduct of KPMG Audit relating to its audit of HBOS for the year ended 31 December 2007. In 2008, HBOS collapsed and needed to be bailed out by Lloyds, shortly after the [...]