Connaught in administration September 7, 2010 TROUBLED social housing repair firm Connaught put most of its business into administration yesterday, after its lenders refused to further fund the company. The FTSE 250 component said last night that its public sector business will be put into the hands of administrators KPMG, though its environment and compliance arms will remain in operation. The [...]
Growth in UK jobs weakens as doubts over recovery hit September 7, 2010 BRITAIN’S struggling job market continued to suffer in August with the number of permanent appointments rising at the slowest rate since October 2009, against a gloomy backdrop of public sector layoffs and downbeat business confidence. The monthly survey conducted by professional services firm KPMG and the Recruitment and Employment Confederation (REC) showed that the number [...]
PROFESSIONAL SERVICES FIRM OF THE YEAR | The Shortlist September 7, 2010 WHETHER it’s advising firms, publishing reports or driving efficiency, professional services firms are never far from the front line in the City. With their global reach and diversified portfolios, the best-known firms have emerged looking healthy and ready to face the challenges of the new, post-downturn world. Don’t miss the City event of the year – [...]
Weak rise in high street sales September 6, 2010 SALES on the high street picked up slightly last month but the positive performance was flattered by an extremely weak August 2009, the British Retail Consortium (BRC) will say today. Like-for-like sales values, which strip out the effect on sales of changes in floorspace, rose one per cent in August compared to the same period [...]
Accountants hit as FTSE 100 skimps on bills September 6, 2010 DESPITE increasing fees during 2010, top accountants in the UK have reported a three per cent decline in the amount they collected from FTSE 100 clients, new research shows. During the 2009 to 2010 financial year, FTSE 100 companies paid £891.9m in both audit and non-audit fees, marking a drop from the previous year when [...]
JPMorgan Cazenove stays at top of broking league table August 31, 2010 FEARS Cazenove would bleed clients after JPMorgan bought out the remainder of the firm were demolished as it stayed at the top of the broking league table yesterday. JPMorgan Cazenove won nine clients in the past three months, according to data provider Hemscott, putting it in pole position with 253 contracts. The blue-blooded institution stole [...]
Zurich UK hit by £2.3m fine for data loss August 24, 2010 CITY watchdog the FSA has slapped a £2.3m fine on the UK branch of Zurich Insurance for data security failings after the loss of a tape in South Africa containing details on 46,000 insurance customers. The FSA said the £2.275m fine was the highest to date handed down to a single firm for data security [...]
High achievers look beyond red bricks August 17, 2010 TOMORROW is a date that thousands of families across England and Wales will have indelibly committed to memory. Far from being merely another summer’s day, Thursday 19 August 2010 is A-Level “results day”, a make-or-break day for the career and life plans of thousands of 17 and 18-year-olds. For many, results day will simply confirm [...]
Fraud at its highest level in the capital August 8, 2010 FRAUD cases in London and the South East doubled in the first half of the year, to make up 81 per cent of all fraud committed in the UK, according to figures out today. Around 88 fraud cases made it to court in the region, worth a total of £493m, compared to 44 cases worth [...]
Public sector cuts begin to impact jobs August 3, 2010 GROWTH in recruitment activity demonstrated a marked slowdown in July, in the first tangible sign that the government’s public sector austerity cuts are starting to take their toll. The month saw weaker rises in both permanent and temporary appointments, the KPMG and Recruitment and Employment Confederation (REC) Report on Jobs showed. The number of net [...]