Fact or Fiction 2013 December 19, 2013 Six of these stories happened in 2013, six didn’t – can you spot the real ones? 1 Ex-Goldman Sachs-er “Fabulous” Fabrice Tourre pulled out a love letter as part of his defence during his trial in New York. 2 The Lloyd’s of London building was sold to a Malaysian firm for £300m. 3 Tesco was [...]
City Moves for 20 December 2013 | Who’s switching jobs December 19, 2013 Herbert Smith Freehills The law firm has announced the appointments of Sonya Leydecker (right) and Mark Rigotti as joint chief executives. Leydecker joined the firm in 1984 and was promoted to partner in 1991. Rigotti joined in 1988, and has since held senior roles including head of banking and head of corporate. KPMG The professional [...]
City Moves for 19 December 2013 | Who’s switching jobs December 18, 2013 KPMG The professional services firm has hired Stephen Frost as head of diversity. He was formerly head of diversity and inclusion at the London Organising Committee of the Olympic and Paralympic Games from 2008 to 2012. Prior to that, Frost worked at Stonewall. Mizuho The securities and investment banking arm of the Mizuho Financial Group [...]
Collins makes a good start at KPMG but the hard part’s to come December 15, 2013 This probably hasn’t been the easiest year to be the top dog at one of the country’s big four accountancy groups. The industry is still wracked with self doubt as to whether it should or could have spotted the problems that led to the financial crash earlier, and, to make matters worse, the Big Four [...]
KPMG cost cuts help push profit up 27 per cent December 15, 2013 ACCOUNTING giant KPMG said today the “first and toughest year” of its plan to restore growth has been a success, with earnings up 27 per cent in the 12 months to the end of September. The company, one of the so-called Big Four professional services firms, posted £455m in annual profits on revenues up 0.4 [...]
Any Other Business – 16/12 December 15, 2013 KPMG is celebrating a 27 per cent jump in UK profits today but The Capitalist can’t help but wonder if chairman Simon Collins might be disappointed with his £2.4m pay package, after spotting him moonlighting as a barista in the firm’s cafe on Friday. It turns out Collins wasn’t supplementing his pay but was raising [...]
Record revenue at KPMG as firms start spending December 12, 2013 GLOBAL fee income at accountancy firm KPMG have hit a record high of $23.4bn this year – 3.7 per cent higher than in 2012. The firm said that businesses’ renewed confidence had led to an uptick in demand for its advisory and audit services, with emerging markets showing particularly strong growth. Revenues in India grew [...]
New research debunks tired myths about women at work December 10, 2013 NEW RESEARCH has debunked a number of myths about the differences between men and women in the workplace. The findings, which were launched at an event in London yesterday, appears to do away with the idea that women are less ambitious than men and therefore seek less senior positions. Over 450,000 employees from across the FTSE [...]
Finance bosses point to first quarter of 2014 for jobs boost December 9, 2013 NEW FINANCE and business services positions are set to dominate job creation during the first quarter of 2014, with huge compensation on offer for the most demanded skills. Across all sectors, five per cent more firms expect to hire than to shed workers, but financial services are more confident, as 11 per cent more say [...]
Inside Track: Moncler’s heavily subscribed new issue gives Milan a boost December 5, 2013 LONDON has enjoyed something of a return to form in the new issues market during 2013, but it’s the Milan stock market that is going out with a flourish. While the Dubai-based luxury property group Damac limped in a rather pedestrian way towards a £1.6bn London flotation this week after flirting with a postponement, there’s [...]