Emerging markets feel sting of the Eurozone as M&A deals fall August 23, 2012 DEALMAKERS in emerging markets are now feeling the impact of the worldwide slump in mergers and acquisitions, according to research out yesterday. The overall number of cross-border deals fell 15.8 per cent to 979 in the first half of 2012 compared to last year, figures from KPMG claim. It found that even fast-growing economies such [...]
KPMG to cut hundreds of UK staff August 23, 2012 KPMG has told staff it is planning hundreds of redundancies, with up to three per cent of its UK headcount at risk, City A.M. has learned. The firm is the only one the Big Four professional services firms to embark upon a redundancy programme in recent years. “KPMG continues to grow its UK business in [...]
KPMG: Bankers face job losses and pay cuts August 22, 2012 SPENDING cuts and jobs losses at big UK and European banks have not been enough to stabilise their positions, and more will be needed if the economy does not improve soon, according to a KPMG report published today. Major institutions have “made real progress in strengthening balance sheets and capital reserves,” said the analysis of [...]
Women fall back in KPMG partner race August 16, 2012 KPMG is struggling to find top-class female employees, having included just three women in its latest round of partner promotions, City A.M. has learned. Just one in ten of the 30 staff picked for promotion in October are women, down from one in four a year ago despite efforts at KPMG and across the professional [...]
Dawson’s chair blames pension as calls in KPMG August 15, 2012 DAWSON International’s chairman blasted the UK’s emergency pension fund and the pension regulator yesterday as the Scottish cashmere firm called in administrators. David Bolton told City A.M. that the pension protection fund (PPF) was “not fit for purpose” after it rejected Dawson’s offer for a rescue package. The company has been unable to maintain its [...]
School leavers scramble for finance roles August 15, 2012 AS students across the country wake up today to collect their A-level results, several City firms have announced initiatives to encourage school leavers into finance and business roles. In an attempt to lure pupils away from the conventional route of a university degree, accountancy firm KPMG said yesterday it has doubled the number of training [...]
City Moves | Who’s switching Jobs August 15, 2012 Troika Dialog The investment banking division of Sberbank has appointed Dean Tyler as managing director, head of international fixed income sales. He joins its London office from VTB Capital, where he was head of its fixed income sales team. Tyler has also held senior roles at ING Bank and F&C Asset Management. Scottish Widows Investment [...]
Consumer dip defied by car registrations August 6, 2012 NEW car registrations spiked upwards in July as a year of growth for the automotive industry continued to strengthen, with luxury brands performing well. Registrations jumped 9.3 per cent last month to 143,884 vehicles, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT) – the sharpest increase of any month [...]
Summer sun and Olympic fever fail to reignite UK’s retail sales August 6, 2012 RETAIL sales failed to significantly recover last month despite improved weather and the start of the London 2012 Olympic Games, figures from the industry have revealed this morning. Like-for-like sales in UK shops were virtually flat in July, edging up just 0.1 per cent compared to a year earlier, according to the British Retail Consortium [...]
CITY MOVES | WHO’S SWITCHING JOBS August 6, 2012 Riverview Law Paul Bird has been appointed finance director at the law firm. He joins from Pearson Education, where he was finance director and company secretary at its subsidiary, Education Development International. UBS Global Asset Management Stephen Hutton has been appointed head of UK wholesale at the asset management firm. He joins from Zurich Intermediary, [...]