Get talent: how CFOs can make the most of the people they hire February 15, 2011 HEAD OF EMPLOYER SERVICES, ACCA Chief Financial Officers (CFO) all over the world are facing a challenge – maximising the value that finance teams bring to the business. People – and not numbers – are the sum of an organisation, and in a new report with KPMG, ACCA (the Association of Certified Chartered Accountants), looks [...]
Private firms step in to create jobs February 13, 2011 JOB creation in the private sector is starting to pick up, according to a respected report. The survey, conducted by the Chartered Institute of Personnel and Development (CIPD) and KPMG, lends support to prime minister David Cameron’s claim that private firms will provide jobs as cuts in the public sector take hold. Manufacturing and private [...]
JJB Sports to fight for new rent proposal February 13, 2011 JJB SPORTS was heading for a battle with its landlords and other retailers after confirming its company voluntary agreement (CVA) is to include the renegotiation of two-fifths of its rent payments. The company has warned its biggest landlords, including British Land, Henderson and Prudential, that if its terms for discount rent and tenancy breaks for [...]
Infrastructure India taps UK shareholders February 13, 2011 INFRASTRUCTURE India has become the latest Indian firm to tap the UK markets for investment cash, raising £33m in a share placing. Shares worth £25.5m at 60.5p each have been placed with existing and new investors and will start trading on AIM on Thursday, the firm said at the weekend. Specialist energy investor Guggenheim Global [...]
Bargain Booze sale considered February 13, 2011 Private equity firm ECI Partners is mulling a sale of Britain’’ biggest off-licence drinks retailer chain, Bargain Booze, for about £90m, according to a weekend report. The firm has appointed advisers at accountancy group KPMG to carry out a strategic review, with options including a sale or refinancing of Bargain Booze. ECI took control of [...]
CITY MOVES | WHO’S SWITCHING JOBS February 6, 2011 Pinsent Masons The law firm has appointed Barry Vitou (pictured) to its dispute resolution team. He joins the firm from the London office of US firm Winston & Strawn, where he headed its regulatory and tech practice. He will be working with Danvers Baillieu, a senior associate advising on online and tech business issues. Vitou [...]
Pound jumps as City A.M. reveals more momentum behind rise in interest rates February 2, 2011 STERLING jumped to a three-month high against the dollar yesterday, after markets reacted to hawkish comments from Bank of England rate setters Andrew Sentance and Charles Bean. In an exclusive interview in City A.M. yesterday, Sentance suggested that the Bank’s monetary policy committee (MPC) was getting closer to a rise in interest rates as inflation [...]
Moulton’s Better Capital buys parts of Connaught February 1, 2011 VENTURE capitalist Jon Moulton has bought parts of collapsed housing repair group Connaught, as administrator KPMG nears the end of dismantling the firm. Moulton’s private equity group Better Capital said yesterday is will pay £15m to buy and restructure Connaught’s risk management subsidiary, which did not collapse but was held by KPMG as one of [...]
CITY MOVES | WHO’S SWITCHING JOBS January 30, 2011 KPMG Dr Nicola Mazzarotto (pictured) has been appointed as head of competition economics for financial advisory and accountants KPMG. The appointment means that he is now a director in the firm’s economics practice. He joins the firm from the competition commission, where he performed economic analysis for eight years on several high-profile mergers, including a [...]
KPMG delegate supports quota January 30, 2011 RACHEL Campbell, global head of human resources for KPMG and one of the firm’s delegates to the World Economic Forum, said that she supports the conference’s imposition of a quota for women this year. The quota required the event’s main sponsors to bring one female delegate among their five spots. “I’m supportive of the initiative [...]