KPMG tells banks – Slash costs to get back to healthy profits April 7, 2015 Britain’s big banks must slash their bloated cost bases if they are ever to return to sustainable profitability, analysts at KPMG warned today. The largest lenders are all struggling to make steady returns. Despite improvements in profits last year, none of the big five made returns on equity of above eight per cent. That is [...]
City Moves for 07 April 2015 | Who’s switching jobs April 6, 2015 EMW The commercial law firm has announced several appointments. Caroline Hayward (pictured) and Robin Creek become principals in its real estate team. They both joined EMW from Harvey Ingram Borneos in 2012. Gurpreet Sanghera becomes a principal in its corporate team. In addition, Matthew Holman becomes an associate in the law firm’s commercial team, and [...]
TV leaders’ debate: Rise of smaller parties “unnerving development for the markets” April 3, 2015 The strong showing from the smaller parties in last night's leaders' debate could add to market jitters over the unpredictable result of the General Election. Markets could become increasingly anxious as the polls continue to indicate there will be no clear winner come polling day. Nick Beecroft, senior market analyst at Saxo Bank, explaining the consequences of [...]
From the leaders debate to the Holborn fire: Here’s what got us talking this week April 2, 2015 There was a fire. Then there was another fire. And in Salford, there were fireworks (or was it a damp squib?). Considering it was a short week, plenty happened. Here's what got us talking. 1. And they were off. It may feel like they've been at it for weeks, but Monday was officially the [...]
Can these Leeds United fans save English football’s sleeping giant? April 2, 2015 “The response so far has been fantastic; we’re aiming to be the largest UK fan fundraise that there’s ever been – I think we’ve got a good chance of achieving that.” These were the words of Brendan Meehan, former partner at KPMG and current finance and legal executive at Leeds Fans Limited Liability Partnership (LLP) [...]
Largest NHS privatisation comes to an end March 31, 2015 Sarah Spickernell asks why the NHS’ deal with Circle Healthcare flatlined Yesterday, the NHS’ biggest privatisation experiment came to an expensive end. Circle Healthcare, which was chosen by the government three years ago to turn around the troubled Hinchingbrooke Hospital in Cambridgeshire, is abandoning the project seven years early, leaving behind a deficit of between [...]
“Politicians are scared of telling the truth”: Circle blames Hinchingbrooke hospital failure on unequal spending cuts across the NHS March 31, 2015 Exclusive: Today, the NHS's biggest privatisation experiment ever comes to an expensive and embarrassing end – Circle Healthcare, which was chosen by the government three years ago to turn around the troubled Hinchingbrooke hospital in Cambridgeshire, is abandoning the project seven years early, leaving behind a deficit of between £7.7m and £12m. What's more, the [...]
The Kingmaker: All the world’s a stage for former Thatcher adviser Bill Robinson March 30, 2015 To be or not to be? It’s the age-old question that every former economic adviser to Margaret Thatcher asks themselves when they come to write for the stage. Of course it is… And so it is that Bill Robinson, chief economist at KPMG and the late Lady Thatcher’s adviser, wrote The Kingmaker, which opens tonight [...]
Driverless cars could create 320,000 UK jobs and save 25,000 lives March 26, 2015 Connected and driverless cars could create a jobs boom in the UK and save thousands of lives, according to new research commissioned by SMMT Connected. Developing the next generation of autonomous vehicles could land the UK with as many as 320,000 jobs and deliver £51bn of economic benefits. The research, carried out by KPMG, argues [...]
Driving into the future without a driver March 25, 2015 DRIVERLESS cars are set to create 320,000 jobs in the UK by 2030, according to the Society for Motor Manufacturers and Traders and consultants KPMG. The vehicles are also expected to provide a £51bn boost to the economy, as well as saving up to 2,500 lives.