BHS to cut a third of head office jobs, as the department store chain March 4, 2016 BHS is planning to axe around a third of its head office jobs, as part of measures to keep the business afloat. The department store chain has placed around 150 jobs from its 450-strong head office into consultation this morning, a spokeswoman told City A.M. this morning. She declined to comment further. Around 100 roles have [...]
BHS appoints KPMG as it pursues CVA in bid to end deadlock with landlords over unsustainable rents March 3, 2016 Struggling department store chain BHS is set to enter into a company voluntary arrangement (CVA) in an effort to deal with "unsustainable" rents, which could see the group, previously owned by retail mogul Sir Philip Green, disposing of a number of stores. A CVA allows insolvent companies to pay creditors over a fixed period, while continuing [...]
City Moves for 3 March 2016 | Who’s switching jobs March 3, 2016 Watson Day Chartered surveyor firm Watson Day has appointed Richard Turnill as a partner. He joins partners Nick Threlfall, Ian Gutteridge, Julian Scannell and Kevin Dempster, who founded Watson Day in 1989. Richard qualified as a chartered surveyor in 2007, following a graduate position at Cluttons. In 2009 Richard joined Glenny’s south east London and [...]
Redmayne-Bentley sees walk-outs one week after hiring KPMG’s James Andrews as its head of investment March 1, 2016 Four members of the investment team of brokerage Redmayne-Bentley have walked out, one week after the firm appointed its new head of investment. The stockbroker confirmed four investment managers and two support staff – including business development manager Jon Moody – have left the business with immediate effect. The staff are on gardening leave until [...]
Techies and retailers beat the bankers to win 100 free lunches in Deliveroo’s corporate competition February 29, 2016 IT’S SAFE to say that City workers are bracing themselves for a disappointing bonus season. Reports earlier this month found that banker’s bonuses could plummet by almost 10 per cent, but City firms are trying to make up the difference by winning free lunches for their workforce. Up-market fast food transporter Deliveroo has launched a competition [...]
City Moves for 29 February 2016 | Who’s switching jobs February 29, 2016 KPMG KPMG has appointed Sue Kershaw as a director in the UK firm and UK head of infrastructure programme and project management. Sue, who is a board member of the Association for Project Management, brings over 30 years’ experience as a civil engineer and programme manager to the role. Sue joins from CH2M HILL where [...]
CoalFace Capital’s Declan McEvoy on clichés, robo-advisers, and pink hair February 29, 2016 Plenty of people must have sat in their banking job thinking about what could be done better and wondering if they should just pack it all in and start their own business. Declan McEvoy, founder of innovative trading platform CoalFace Capital, first realised he wanted to be this person back in 1999, while doing his [...]
Dozens of UK KPMG partners face the chop in overhaul led by chairman Simon Collins February 26, 2016 A top level restructure at one of the Big Four accountancy firms will see close to 50 partners shown the door. KPMG will shed dozens of partners as part of a push by Simon Collins, its UK chairman, to overhaul the professional service firm’s operating model and bring more technology into the business to suit [...]
City firms commence training for this year’s Diamond Relay race at the Olympic Park stadium February 25, 2016 The first 100 corporate teams have already signed up for this year's Diamond relay race this summer. The gruelling 5x5km dash, taking place at the Olympic Park stadium, will pit accountants, analysts, bankers, insurers, lawyers and pretty much everyone else in the Square Mile against each other this July. Last year 230 corporate running teams took part in [...]
High Court dismisses application from Mishcon de Reya over KPMG’s handling of Barclays’s mis-selling of interest rate swaps compensation scheme February 25, 2016 Britain's biggest banks narrowly avoided a major legal challenge today, when a High Court judge dismissed a case relating to the mis-selling of rate swap products. The case could have had far-reaching implications for a multi-billion pound scheme to compensate victims of mis-sold interest rate swaps. But the High Court today dismissed an application from Mishcon de Reya to look [...]