CITY MOVES | WHO’S SWITCHING JOBS October 5, 2010 KPMG The financial services group has hired Iain McLaughlin as its new UK head of recruitment. He joins from GlaxoSmithKline, where he spent six years working in human resources, most recently with a focus on the emerging markets. He has also worked in HR for the banking and IT sectors. McLaughlin’s appointment is part of [...]
KPMG joins rivals on new hiring spree October 4, 2010 BIG FOUR accounting firm KPMG has joined the ranks of its accountancy rivals as it plans to recruit 8,000 new staff across Europe within the next three years. The hiring spree, as reported in the Financial Times, will see the firm’s British arm grow by 3,000 new staff over the period. Once the recruitment drive [...]
Single income families take hit on child benefit change October 4, 2010 SINGLE income families will be the hardest hit by the changes to child benefit if their income breaches £44,000, an analysis by KPMG has shown. While the chancellor’s decision to scrap child benefit for higher rate taxpayers only removes the benefit from those who might arguably be able to afford to live without it the [...]
Buyout deals enjoy strong third quarter October 3, 2010 PRIVATE equity firms enjoyed a strong third quarter, taking the average value of merger and acquisition (M&A) deals to their highest for three years, KPMG research has revealed. Its latest management buyout research showed nearly £9.3bn changed hands in the last three months, almost three times the value of M&A deals in the previous quarter, [...]
HEDGIE IAN WACE TAKES CHAIRMAN JOB AT ARK October 3, 2010 THE GLAMOROUS world of hedge fund philanthropy had a shuffle at the top over the weekend, as Ian Wace – co-founder of Marshall Wace – took over from hedgie “godfather” Stanley Fink as chairman of Arki Busson’s charity, Absolute Return for Kids (ARK). Wace will now be tasked with the dual responsibilities of overseeing ARK’s [...]
Business leaders say public sector cuts are the way to reduce deficits September 30, 2010 THE Conservative party conference starts on Sunday and George Osborne may take some comfort from a new KPMG report that supports the case for austerity, though he may find it too radical in other ways. Meeting the Deficit Challenge is a comprehensive analysis of the historical evidence on deficit reduction. It concludes that decisive, front-loaded [...]
Government to meet suppliers to discuss cuts September 29, 2010 FRANCIS Maude, the Cabinet Office minister, will hold discussions on Friday with major defence, IT and other equipment suppliers aimed at shaving billions of pounds from its annual procurement bill. Companies such as Balfour Beatty, Carillion, Cisco Systems, Deloitte, Ernst & Young, KPMG, Slaughter & May and Tata Consultancy Services are expected to be at [...]
Auditor calls for shake up September 28, 2010 GRANT Thornton, the fifth largest audit firm, has urged the government to review the market share held by the big four accounting firms in a bid to reduce threats to the financial markets should one of them fail. In a submission to the House of Lords’ inquiry into auditors, and as reported by the Financial [...]
Google keeps top ranking as best employer September 27, 2010 GOOGLE is the most attractive employer in the world, according to new research, which shows that fewer students and graduates are turning to the financial services industry for work. Up to 130,000 job seekers with either a business or engineering background have voted the internet giant into the top spot in employment consultancy Universum’s annual [...]
The housebuilding chief executive who can see clear blue skies ahead September 26, 2010 FOR A MAN who took over a housebuilder in the middle of a devastating financial and property crisis, David Ritchie, the chief executive of Bovis Homes, looks remarkably relaxed. But it is certainly fair to say the pain has eased in recent months for the firm, even though Ritchie remains in the middle of turning [...]