Demand for UK workers sends wages higher May 8, 2014 THE RAPID drop in UK unemployment is exacerbating the UK’s skills shortage, according to a report released today, with staff availability to fill vacancies plummeting at the fastest rate in more than a decade. The latest report on jobs from the Recruitment and Employment Confederation (REC) and KPMG shows that availability for new permanent positions [...]
City Moves for 08 May 2014 | Who’s switching jobs May 7, 2014 PwC The professional services firm has announced the appointment of Will Brown as a director in its enterprise resilience practice. He was most recently at KPMG, where he ran its business continuity team. Simmons & Simmons The law firm has appointed Mahrie Webb to its funds practice. She has over 12 years’ experience advising fund management [...]
City Moves for 07 May 2014 | Who’s switching jobs May 6, 2014 Aviva InvestorsThe asset management business has appointed Katherine Wade to its equity investment team. She has more than 20 years’ experience and joins from Citigroup, where she was an equity sales generalist. Prior to that, Wade held sales and research roles at NatWest Securities and Bankers Trust. Deutsche BankThe bank has announced the appointment of [...]
Clients not class mean success in accountancy May 6, 2014 PARTNERS in the UK’s top accountancy firms are most likely to be state-educated and from working or lower middle class families who did not go to the best universities, according to new research. In contrast to large law firms where partners tend to come from privileged backgrounds, partners from the big four accountancy firms – [...]
BBC parts ways with KPMG… and Paxman April 30, 2014 THE BBC has picked Ernst & Young as its new auditor, ending an 18-year relationship with KPMG. The corporation, which also announced yesterday that Jeremy Paxman was leaving its flagship Newsnight programme, chose EY following a competitive tender.
Damning report into Co-op Bank practices released April 30, 2014 Since the Co-op Bank revealed a significant capital shortfall last June, it's been up to Sir Christopher Kelly to look into failures at the organisation. He began his work last August, and has come back to say that the Bank has suffered from "a flawed culture" and "fundamental weaknesses in the governance and management [...]
Deloitte opens digital office in the capital’s technology district April 28, 2014 DELOITTE has followed KPMG, Tesco and William Hill by moving its digital operations team into the heart of London’s Tech City with a new office in Clerkenwell. The business services firm said it will move 170 staff from its 400-strong UK digital division into the new office on Clerkenwell Green. “If you look at how [...]
Tech hiring and business activity outstripping wider UK economy April 28, 2014 HIRING in the technology industry is close to its strongest for over three years and remains stronger than the UK private sector average, according to the latest industry report from KPMG and Markit. Hiring intentions for the sector rose to 56, according to Markit’s purchasing managers’ index (PMI) for the first quarter of 2014, above [...]
Tobacco plain packaging braced for legal showdown at the WTO April 28, 2014 The battle over Australia's law compelling the standardised packaging of tobacco is set to come to a head after two years of procedural wrangling. The case will now be settled in court by the World Trade Organisation (WTO) after five countries brought the action against Australia arguing the law was a restriction on intellectual property [...]
FTSE firms set to face investors over pay plans April 28, 2014 A CLUTCH of Britain’s biggest companies will this week face their investors, following bruising protest votes at Barclays, Pearson and AstraZeneca last week. FTSE 100 oil explorer Tullow is under the spotlight on Wednesday for its plans to change share awards for directors. Investor advisory group Pirc has said shareholders should oppose the changes, which [...]