Letters to the Editor – 04/06 – The end of cash, Best of Twitter June 3, 2014 The end of cash [Re: Could Britain soon be a cashless society? yesterday] We are definitely moving towards becoming a cashless society, although it will take some time to get there. With non-cash payments predicted to overtake cash in 2015, it is extremely likely that, in 10 to 15 years, a significant proportion of the [...]
City hiring boom for graduates June 2, 2014 FINANCE firms are set to lead a surge in graduate hiring this summer, as companies across the UK rush to hire almost a fifth more university leavers than in 2013. Employers are set to boost the number of graduates they hire by as much as 18 per cent this year as the improving economy boosts [...]
Barclays enters top 20 biggest broker rankings June 2, 2014 BARCLAYS jumped into the top 20 biggest stockbrokers by client numbers for the first time last quarter, new rankings out today show. The bank’s roster of 43 clients put it in 20th spot on the list, which was headed by JP Cazenove with 218 clients. Second place was taken by Numis with 156 clients, with [...]
Canada Square welcomes 40,000 unusual residents May 29, 2014 There’s a buzz around Canary Wharf today, but it’s got nothing to do with the FTSE or Pret’s latest sarnie: KPMG has added 40,000 to its total residency at 15 Canada Square… …40,000 bees that is. The bees moved in over the weekend and have been nestling into their new home, on the [...]
Auditors are told to get tough with banks on loss provisions May 28, 2014 AUDITORS for British banks and building societies are not scrutinising the firms’ books closely enough, despite repeated warnings that auditors should have caught some of the warning signs ahead of the 2008 financial crisis, a watchdog said yesterday. The Financial Reporting Council flagged up poor testing of loan impairment models and a widespread reluctance among [...]
Rise in jobs for grads fuelling boom in hiring May 27, 2014 BIG GRADUATE recruiters are boosting hiring programmes even further this year, with vacancies up by more than a third, and many firms saying they are yet to fill positions for this year’s intake. Figures from jobs site Adzuna today show vacancies for graduates up 37 per cent from 2012. And though there is still fierce [...]
The stiff competition facing Royal Mail May 21, 2014 Ahead of its first set of full-year results as a listed company tomorrow, Royal Mail’s announced it’s going to trial delivering parcels on Sundays. Later this summer, it’ll open about 100 offices on Sunday afternoons for customers to pick up parcels. It’ll also pilot delivering parcels within the M25; and from June, Parcelforce Worldwide, its [...]
Bunzl ditches KPMG as auditor May 20, 2014 Distribution and outsourcing firm Bunzl yesterday said it had dropped KPMG as its auditor and hired PwC in its place. The FTSE 100-listed company said in last year’s annual report that it intended to hire a new auditor, to comply with good governance practice, following KPMG’s tenure as auditor that has spanned almost three decades. [...]
Labour plans new low pay rules based on average hourly wages May 19, 2014 LABOUR leader Ed Miliband will today announce plans to change the way the statutory minimum wage is determined and basing it on average hourly earnings. Miliband says that, if his party gained power, Labour would set the Low Pay Commission a five-year target to increase the rate to a set percentage of median hourly pay. [...]
City Moves for 16 May 2014 | Who’s switching jobs May 15, 2014 Fujitsu The technology company has announced the appointment of Michael Keegan as head of UK and Ireland. He has previously held senior leadership roles at Magex, MasterCard, Royal Mail Group and NatWest. KPMG The professional services firm has made four senior appointments to its cyber security practice. Phillip Hodgins has over 12 years’ experience helping executives [...]