City Moves for 16 April 2014 | Who’s switching jobs April 15, 2014 Turner & Townsend Steve Waltho has been appointed director and head of the consultancy’s UK and Ireland property cost management service outside London. He joins from Aecom, where he is currently European managing director of project and cost management. BDO The accountancy and business advisory firm has appointed Mark Hunt as head of its financial services [...]
Retailers hope for strong Easter after bad March April 14, 2014 UK RETAIL sales fell in March as cash-strapped shoppers cut back again on spending on areas including food and furniture, industry figures reveal today. Total retail sales in March were down 0.3 per cent compared with the same month of 2013, the British Retail Consortium (BRC) and KPMG have calculated. And like-for-like sales – comparing shopping [...]
City Moves for 10 April 2014 | Who’s switching jobs April 9, 2014 Baker Tilly The law firm has announced the appointment of Adam King as head of tax in its Milton Keynes office. He joined in 1999, and specialises in exit and succession planning, profit extraction, capital allowances, and R&D tax credits. KPMG The professional services firm has made two appointments. John Cox joins as a partner in [...]
KPMG teams up with capital platform April 8, 2014 Accounting group KPMG has teamed up with a company that helps smaller companies get paid more quickly. C2FO, an online marketplace for working capital, will spend three years working with KPMG to attract more British firms to its platform. “I believe this will prove a really interesting addition to the increasingly diverse mix of funding [...]
Immigration restrictions are holding the economy back says new report April 8, 2014 The Recruitment and Employment Confederation (REC) has become the latest organisation to join the chorus of voices calling on the government to ease visa restrictions for migrant workers. The REC and KPMG jobs report published on Tuesday, said March saw a decline in the availability of candidates, with permanent staff availability falling at the sharpest [...]
Record growth across sectors as wages jump April 7, 2014 MANUFACTURERS and services firms are reporting the strongest investment and export growth in more than a century, according to the British Chambers of Commerce (BCC), suggesting they may begin to add more to the UK’s economic recovery. The group says services exports surged in the first quarter: 38 per cent more firms say outward trade [...]
CNBC Comment: Investors beware as banks go coco loco April 7, 2014 INVESTING in banks has become as chancy as having a flutter on the Grand National. False starts, stewards inquiries and the City equivalent of leaping 30 fences – all enlivened by thundering competition. But investors still harbour the hope of backing an unlikely winner. The trade in cocos, a hybrid of debt and equity, has [...]
EU finally passes rules to shake-up audit market April 3, 2014 AFTER years of negotiation, the European parliament yesterday approved a law aimed at preventing any listed company from using the same accountancy firm for more than 20 years. The new EU rules, which come into force in 2016, will force businesses to change auditors every 10 years, although contracts can be extended by a further [...]
City Moves for 04 April 2014 | Who’s switching jobs April 3, 2014 Brewin Dolphin The wealth management firm has announced the appointment of Guy Foster as head of research. He joined in 2006 as an analyst from Hill Martin Asset Management, where he was an investment director and portfolio manager. Axa Investment Managers The investment management business has appointed Robert Price as a solutions strategist in its [...]
TPG showering bathroom web store with cash April 1, 2014 A FAMILY owned bathroom fixture store based in Hull has won the backing of one of America’s biggest private equity investors. Victoria Plumb, an online store which sells products like showers and taps, is setting up a venture with TPG Capital, the buyout giant led by private equity veteran David Bonderman. The tie-up is thought [...]