Capital spend avoids the axe June 22, 2010 THE CONSTRUCTION and transport sectors were relieved by yesterday’s news that the government will not hack into capital spending Chancellor George Osborne said careful choices would have to be made on what the government will spend on infrastructure. Delivering the emergency Budget, Osborne said: “Well judged capital spending by the government can help provide the [...]
CITY MOVES | WHO’S SWITCHING JOBS June 21, 2010 Northern Trust The investment manager has appointed John Krieg to its London subsidiary, Northern Trust Global Investments, as managing director for the Europe, Middle East and Africa region. Krieg joins from the group’s HQ in Chicago, where he was head of global investment product management. Prior to joining Northern Trust in 2002, he was director [...]
MUSIC STARS BID FAREWELL TO UNIVERSAL BOSS LUCIAN GRAINGE June 16, 2010 A rapturous reception on Tuesday evening for Lucian Grainge, the current head of Universal Music’s international division, who is moving to New York next month to become chief executive of the group as a whole. Grainge, on crutches owing to a recent leg injury, stood near the stage area in a room at the Knightsbridge [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 15, 2010 FINANCIAL TIMES SONY COMMITMENT BOOSTS GAMES SECTOR Sony, one of the largest computer games developers in the UK, has committed to remaining in the country in a boost to a sector hit by an exodus to lower-cost countries. The Japanese maker of PlayStation, which has its European game design headquarters in Liverpool, is to receive [...]
Aero Inventory creditors to get 1p in £1 June 14, 2010 FRUSTRATED creditors of collapsed airline Aero Inventory are likely to be able to claw back just 1.1p in every pound owed to them by the company, administrators KPMG have revealed. A progress report by KPMG– which has so far racked up £8.7m in administration fees while attempting to root out the finer details of Aero’s [...]
Business prefers VAT hike over NI rise June 13, 2010 MANUFACTURING and industrial bosses would overwhelmingly prefer a Vat rise to any other tax increase in the 22 June budget, according to accountant KPMG. A survey of 202 executives found 61 per cent saw a Vat hike as the lesser of several taxation evils, with a higher levy on national insurance viewed as the least [...]
London sales up after ash crisis ends… June 13, 2010 SALES in London bounced back last month as flights returned to normal after the volcanic ash cloud that left thousands of tourists stranded. Figures from the British Retail Consortium showed sales soaring by 11.6 per cent in May compared to the same month last year. That compared with a meagre 0.8 per cent increase across [...]
Job hires up but outlook is less rosy June 8, 2010 LABOUR market conditions continued to improve in May but growth in the number of permanent hires fell for the second consecutive month, the KPMG/REC?Report on Jobs will show today. The survey said that higher staff appointments were underpinned by a further improvement in demand for staff during May. Recruitment consultancies indicated that growth of vacancies [...]
Sunny skies help retail sales in May June 7, 2010 SUNNY weather and preparations for the World Cup helped retail sales rise on a like-for-like basis in May, but nervous consumers are still holding off on purchases of big-ticket items, the latest survey from the British Retail Consortium (BRC) reveals today. On a like-for-like basis, retail sales values rose 0.8 per cent in May on [...]
KPMG wins award for values June 6, 2010 BUSINESS in the Community’s (BITC) annual corporate responsibility index is announced today, with professional services firm KPMG leading the pack with the highest possible overall rating and four Big Tick awards. The company has been awarded a platinum plus rating for its environmentally friendly offices and ban on short haul flights. It is one of [...]