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 [...]
UK must learn from Australia’s error June 3, 2010 IT is not just Britain that is about to shoot itself in the foot with a crippling and destructive tax hike on investors. In our case, it is capital gains that are being targeted; in Australia’s case, however, it is the mining industry that is the being subjected to a weird experiment in irrationality. It [...]
JP Morgan Caz is City’s top adviser May 31, 2010 JP MORGAN Cazenove continues to lead the City’s broker adviser tables, according to the latest quarterly rankings from Hemscott. The company has 244 clients, a gain of three since the last quarter and more than double its nearest rival. Second-placed Numis Securities gained five new clients to bring the total to 118, closing the gap [...]
IHG eyes Asia as business trips return May 31, 2010 BUSINESS travel is making a welcome comeback for the hotels sector while an Asian boom is transforming the business, according to InterContinental Hotels Group finance director Richard Solomons. The executive, speaking to City A.M. at the company’s flagship Park Lane hotel, is ebullient about the prospects for the company which has pumped millions into overhauling [...]