Any Other Business – 25/4 April 25, 2014 THERE’S hardly a firm in the City that doesn’t know what it’s like to make cuts and when Balfour Beatty was faced with making 20 per cent reductions, it turned to management consultancy Boxwood to help. Last night it reaped the rewards, or more, the awards – as they won Project of the Year at [...]
The Cleggs show their cojones April 23, 2014 WHEN Nick Clegg showed up to KPMG for the launch of Cityfathers yesterday, he presumably hoped he’d escape difficult questions. But having spoken about the importance of fathers taking paternity leave, the first question from the hall was relating to Cameron’s Christian country comments. “Ah here we go,” he said exasperated. One of the next [...]
Here’s how government policy fuelled a booming black market in tobacco April 23, 2014 The illegal tobacco market continues to thrive in a country with one of the strictest tobacco control regimes in Europe, according to a report released by Japan Tobacco International (JTI). Ireland's illegal tobacco trade has grown to a point where non Irish duty paid cigarettes make up 28 per cent of the market. JTI's research [...]
Card Factory to deliver £700m float in London April 22, 2014 CARD Factory boss Richard Hayes said yesterday that it hopes to emulate the success of other value retailers such as Poundland after announcing plans for float that could value the group at around £700m. The budget greetings chain, which has 700 stores, intends to raise £90m through an initial public offering that will allow its [...]
City Moves for 17 April 2014 | Who’s switching jobs April 16, 2014 KPMG David Brown has been appointed a non-life actuarial partner in KPMG’s insurance practice. With almost 20 years’ actuarial experience, he joins from Direct Line Group, and will advise clients in the retail general insurance sector. Brown is also a fellow of the Institute and Faculty of Actuaries. BNP Paribas Investment Partners Cynthia Sweeney Barnes [...]
Regulation of ecigarettes will be one of tobacco’s greatest saviours April 16, 2014 Yesterday, Imperial tobacco announced it would be shutting its factories in England and France. The maker of French tobacco favourites such as Gauloises and Gitanes will be moving production to Spain. Declining sales and a hostile regulatory environment have been the dominant story of the tobacco world for the past decade. However, there may still [...]
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 [...]