City Moves | Who’s switching Jobs September 3, 2012 AXA Real Estate Dietrich Heidtmann has been appointed global head of investor relations and capital markets at the real estate fund. He joins from Grosvenor, where he was responsible for capital raising and investor relations. Heidtmann has also held roles at Morgan Stanley International. Coface Frederic Bourgeois has been appointed managing director of the credit [...]
Bidders circle JJB Sports as sale kicks off September 2, 2012 THE SALE of JJB Sports has already attracted a string of potential bidders, giving the firm a chance to stave off administration. Better Capital, led by Jon Moulton, and retail investment specialist OpCapita are thought to be among the firms circling JJB as the sale process gets underway. The sportswear retailer put itself on the [...]
JJB shares dive as it looks for a white knight August 30, 2012 SEVERAL bidders have expressed interest in taking control of crisis-hit retailer JJB Sports, which was forced to put itself up for sale yesterday after failing to secure fresh funding from investors. The company, which has 180 stores and employs 4,000 people, has been locked in discussions with suppliers and investors in recents months in a [...]
City Moves Who’s switching jobs August 27, 2012 British Retail Consortium The BRC has appointed Ian Cheshire as chairman, taking over the two-year post from Rob Templeman on 1 October. Cheshire has been chief executive of Kingfisher since January 2008 and an executive director since June 2000. He has also been a non-executive director of Whitbread since February 2011. He serves as a [...]
KPMG warns UK staff will face job cuts 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. The firm is the only one of the Big Four professional services firms to embark upon a redundancy programme in recent years. KPMG blamed “a subdued economy and fast-changing marketplace” in an email [...]
KPMG cuts own staff after warning bankers of job losses August 23, 2012 Professional services group KPMG warned just yesterday that bankers faced more job losses and pay cuts unless the economy improved. A day later and the firm was back in touch, announcing that there are going to be cuts in its own UK headcount of around 11,300 people. Yesterday the firm said it was carrying out [...]
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 [...]