City Moves for 27 July 2016 | Who’s switching jobs July 27, 2016 Kingston Smith Kingston Smith has appointed its not-for-profit partner Anjali Kothari to its executive board. Anjali has been a partner at Kingston Smith since 2011, having joined as a manager in 2001. Well known as a specialist in the charity and education sectors, her client base includes charities, independent schools and academies. Among her various voluntary [...]
Barcelona move ahead of Real Madrid with record-breaking revenue July 26, 2016 Barcelona have become the first club to announce revenue figures worth over £500m after generating record-breaking turnover of €679m (£570m) in the 2015/16 season. The Catalan club, who won both La Liga and the Copa del Rey last season, believe the results keep the club on course of meeting its revenue target of €1bn by 2021. The [...]
Watchdogs need to learn new tricks: MPs slam regulators over handling of HBOS collapse July 26, 2016 MPs have today slammed the finance industry's watchdogs for their failings in handling the HBOS scandal. The report from the Treasury select committee criticised the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA), and, in particular, the FCA's predecessor – the Financial Services Authority (FSA) – for various shortcomings in conducting their review. In particular, the MPs highlighted the [...]
Arsenal ticket prices: KPMG says Emirates Stadium season tickets are the worst value for money in Europe July 23, 2016 Top Premier League teams are ripping off fans on ticket prices compared to elite European clubs, according to a new KPMG study which names Arsenal tickets as the worst value for money when compared with the wealth of the club. Analysis from the accountancy giant into the relationship between a club's valuation and their cheapest season [...]
Banking fraud is the biggest cyber crime in Britain July 21, 2016 Banking fraud is the biggest cyber crime in the UK, accounting for two in every five of the nearly six million online crime incidents recorded over the past year. There were 2.5m online crimes involving banking; and credit accounts, while one million involved other types of fraud such as online shopping, new figures reveal. There were a further two [...]
VCs held off on startup investments because of Brexit July 20, 2016 The figures are in: and they show that in the build up to the EU referendum, venture capital investors held off on putting their cash into startups. VC investment "plummeted" 40 per cent according to the latest report from CB Insights and KPMG. Some $2.8bn went into VC-backed firms in Europe, of which the UK grabs the biggest share, dipping below [...]
City Moves for 20 July 2016 | Who’s switching jobs July 20, 2016 Coople Coople, the on-demand staffing platform, has appointed Jacques de la Bouillerie as its new UK managing director. Jacques joins Coople with over 15 years’ extensive experience with business transformation and leadership in companies at various stages of development, ranging from very early stage through to fast growing to maturity. He was previously heading up [...]
How artificial intelligence, peer-to-peer technology and blockchain are changing the insurance industry forever July 14, 2016 Just as fintech is transforming the banking world, “insurtech” has set its sights on the insurance industry. There are firms like Trov, which provides insurance on-demand and enables consumers to catalogue insured belongings. Buzzmove uses home removals data to create a new distribution model for insurance – people are more likely to renew or buy [...]
June was a muted month for retail sales according to the British Retail Consortium and KPMG July 12, 2016 Retail sales were as damp as the weather in June as consumers stayed inside and waited for the outcome of the EU referendum. Data from the British Retail Consortium (BRC) and KPMG shows like-for-like sales fell by 0.5 per cent in June compared to the same month last year, with total growth slowing to 0.2 [...]
New Women’s Business Council chief Cilla Snowball says more needs to be done for female empowerment in UK firms July 8, 2016 Female representation on FTSE100 boards has risen from 12.5 per cent to 26 per cent in a year according to a report released yesterday. The latest Female FTSE Board Report by Cranfield University, City University London and Queen Mary University London also shows that, overall, the percentage of women on all FTSE boards has increased since [...]