Imperial to replace long standing finance chief September 12, 2013 IMPERIAL Tobacco has appointed the former vice chairman of KPMG as its new financial chief. Oliver Tant will step into the role on 5 November working alongside his predecessor, Bob Dyrbus, until he steps down on 31 December. Chairman of Imperial Tobacco Iain Napier said on Tant’s appointment, “He joins us with a proven track [...]
KPMG: Piecemeal changes to capital rules could increase risk September 11, 2013 CHAOTIC changes to banks’ capital rules could mean that instead of ending lenders’ worries over Basel 3 regulations, the sector could be heading for another round of negotiations, KPMG said yesterday. The rules were intended to be a global plan to banking safer. But regulators from the US, EU, UK and more have tweaked the [...]
Battle lines drawn over HS2 rail link September 10, 2013 New report claims line will boost UK’s economy by £15bn …but critics remain unconvinced MINISTERS will today launch a fightback in support of the High Speed 2 (HS2) railway project – as a government-commissioned KPMG report claims the project would boost the UK economy by £15bn a year. Transport secretary Patrick McLoughlin will use a major [...]
Firms steering clear of deals in newer markets September 8, 2013 COMPANIES have shied away from making takeover bids in emerging markets so far this year, as part of the wider slump in global mergers and acquisitions, research published today suggests. The number of bids for targets in high-growth economies from firms in developed nations fell 23 per cent on the same period a year ago [...]
Business groups want action on infrastructure September 5, 2013 BUSINESS groups rallied around Sir John Armitt’s call to set out long-term spending on infrastructure yesterday, though the Treasury insisted that it is already making headway on major projects. The former Olympics boss recommended a new independent commission to take the politics out of the long-term oversight of roads, rail and engineering schemes. The British [...]
LSE gunning for first tech IPO on new platform September 3, 2013 AS LONDON gears up for the first floats on the new High Growth Segment, experts in fast-growing firms have said that a handful of extra analysts and investors could enable the platform to rival the Nasdaq for technology listings. A growing number of tech companies are being courted by the HGS, which was launched by [...]
Long summer boosts August retail sales September 2, 2013 UK RETAIL sales continued their strong run in August after the summer heatwave helped sales smash expectations the previous month. Total sales increased by 3.6 per cent in value last month compared with a year ago, when sales were up 1.6 per cent, according to data from the British Retail Consortium (BRC) and KPMG released [...]
Anglo Irish Bank flogs off art collection September 2, 2013 THE LIQUIDATION of failed former Anglo Irish Bank kicks off today – with the sale of its contemporary Irish art collection. The auction, at Dublin’s 125-year old auctioneer Adam’s, will raise money to pay back taxpayers who helped prop up the bank. The sale represents the first step in the liquidation of the bank, which [...]
LSE gunning for first tech IPO on new platform September 2, 2013 AS LONDON gears up for the first floats on the new High Growth Segment, experts in fast-growing firms have said that a handful of extra analysts and investors could enable the platform to rival the Nasdaq for technology listings. A growing number of tech companies are being courted by the HGS, which was launched by [...]
City Moves for 30 August 2013 | Who’s switching jobs August 29, 2013 Alvarez & Marsal The professional services firm has announced the appointment of Keith Williamson as head of its global forensic and dispute team in Hong Kong and China. Williamson has over 18 years’ forensic and investigative accounting experience, and specialises in investigations into fraud, corruption and regulatory issues. He joined Alvarez & Marsal in 2011, having previously [...]