Gloomy start to Christmas as shoppers look out for bargains December 20, 2012 RETAIL sales are barely kept pace with inflation last month, according to official figures out yesterday, with squeezed consumers waiting for discounts rather than splashing out for Christmas. The quantity of goods bought in November rose 0.9 per cent on the year, while the amount spent increased 1.5 per cent, showing a small rise, the [...]
CITYA.M. Guide to givers 2012 December 20, 2012 Welcome to City A.M’s second annual Guide to Givers, bringing to the limelight business individuals and organisations that have donated not just their resources, but also their time and effort towards improvements for those less fortunate than themselves. As belts are being tightened, public charitable spending is understandably at a significant low point, putting emphasis [...]
Who’s switching jobs December 18, 2012 Adveq The asset management firm has promoted Sanjay Gupta to executive director. He joined in 2008 as a senior associate in its investment management team, and he is currently head of the Adveq Opportunity programme and leads its US buyout and turnaround investment activity. State Street Global Advisors The asset management division of State Street [...]
Chrismukkah in Canary Wharf: Final menorah candles light up December 17, 2012 IN addition to the Christmas lights shining around Canary Wharf, a 15ft high menorah has been installed in the gardens of Jubilee Park. To commemorate the Jewish festival of Chanukah, the candles were lit in special lighting ceremonies, sponsored by KPMG and Citi, over eight days last week. This is the 14th time Canary Wharf [...]
KPMG UK profits decline as growth disappoints December 17, 2012 BIG four auditor KPMG witnessed a 13 per cent slump in profits last year after budgeting for a surge in economic growth that failed to materialise, results out today show. The professional services firm was forced to slash 275 senior jobs over the summer to shore up its bottom line, after it became apparent its [...]
Boost for employment as more firms get back to full strength December 16, 2012 MORE FIRMS than at any time in the past three years are back to pre-recession hiring practices, according to a survey out this morning. Sixty-one per cent of firms told a survey from the Confederation of British Industry and KPMG that they were hiring in a way that would have been normal before the onset [...]
KPMG’s global revenues jump 1.4 per cent to a record $23bn December 13, 2012 KPMG’s global revenues hit a record $23bn (£14.3bn) for the year to the end of September, the professional services firm said yesterday. Turnover rose 4.4 per cent in local terms across the business, or 1.4 per cent including currency movements. Chairman Michael Andrew said performance had grown weaker during the year. “2012 was a year [...]
Who’s switching jobs December 13, 2012 Carmignac Gestion Vincent Steenman has been appointed to the asset management firm’s portfolio management team. He joins from Zadig Asset Management, where he was a partner. Steenman has also held roles at the LVMH Group Arnault Family Office and Morgan Stanley. Allele Fund John Shea has been appointed to the investment fund’s advisory board. He [...]
Former rugby star, 25, found dead December 13, 2012 RUGBY UNION: Former Sale Sharks player David Tait was found dead in Hong Kong on Wednesday, after falling from an apartment block. The 25-year-old worked as a corporate finance manager for KPMG after retiring from rugby in 2010 due to persistent injuries. Tait had represented England at Under-20 level.
BDO and PKF agree to merge as they eye more mid-cap clients December 11, 2012 PARTNERS at BDO and PKF yesterday approved a deal to merge the UK operations of the two firms, giving the enlarged group extra firepower to compete in the mid-tier accountancy and advisory markets. The new firm, operating under the BDO brand, has 3,500 people working across the country, with revenues close to £400m a year. [...]