KPMG to up graduate intake as accountant sees market demand April 22, 2010 BIG four accounting giant KPMG has upped its UK graduate intake this year after the firm said the numbers reflected growing signs that market demand for accountancy services were on the rise. The accountant has increased the number of graduates it plans to recruit for the September intake to 820, marking a significant increase on [...]
CITY MOVES | WHO’S SWITCHING JOBS April 22, 2010 Deloitte Timothy Mahapatra has taken up a new role at the business advisory firm as managing director of the corporate finance practice. A member of the firm’s executive, Mahapatra has over 15 years of corporate finance experience and was previously leader of Deloitte’s mergers and acquisitions programme. He succeeds Aidan Birkett, who was appointed as [...]
Clegg in row over donations April 21, 2010 NICK Clegg last night denied any wrongdoing after it was revealed that party donations were paid directly into his personal bank account. Three donors paid up to £250 a month into the Liberal Democrat leader’s bank account in 2006, when he was the party’s home affairs spokesman. The arrangement came to an end after he [...]
Airlines feel heat of Icelandic volcano April 19, 2010 AIRLINES grounded by the eruption of an Icelandic volcano are set for further losses if airspace is closed again, with the airline industry yesterday reporting daily losses of more than £5m. “If the shutdown of the airspace in the UK and large parts of Europe [returns], it will almost certainly lead to some carriers, especially [...]
CITY MOVES | WHO’S SWITCHING JOBS April 19, 2010 Bluefin Corporate Consulting The consulting firm, part of Bluefin Advisory Services, which is owned by Axa UK, has appointed Sean Glasgow as its new head of investments. Glasgow previously worked in a variety of roles both in the UK and internationally. He has held senior positions at soft drinks giant Coca-Cola and in the investment [...]
CITY MOVES | WHO’S SWITCHING JOBS April 15, 2010 Deloitte The accountancy firm has appointed Mark Lillie and Jeremy Harris as partners in its energy, infrastructure and utility practice. Lillie, pictured, will head up the IT strategy team and joins from Booz and Company, where he was partner and vice president. Harris joins the programme leadership consulting practice, focusing on construction and infrastructure projects, [...]
Weighing up that big move overseas April 15, 2010 IN THE past two weeks BlueCrest, one of the largest hedge funds in the City, and chemicals group Ineos have both announced they are leaving the UK for tax reasons, relocating to Guernsey and Switzerland. But will the UK’s tax and regulation laws force entrepreneurs to do the same? Yes, says David Kilshaw, partner at [...]
E&Y rocked by slide in profits April 14, 2010 PARTNERS’ profits at Ernst & Young fell last year as the accountancy firm invested heavily to close the gap on its rivals. The smallest of the “Big Four”, its average profit per partner fell from £737,000 to £678,000. This compared with £883,000 at Deloitte, £777,000 at PricewaterhouseCoopers and £671,000 at KPMG. The highest paid partner [...]
CITY MOVES | WHO’S SWITCHING JOBS April 14, 2010 FSSC The Financial Services Skills Council has appointed Trevor Matthews, the chief executive of Friends Provident, as its new chairman. Matthews joins a number of high-profile City bosses on the FSSC board, including Resolution Group chief executive John Tiner, Standard Life managing director John Gill, KPMG vice chairman Brendan Nelson, and Angela Knight, the chief [...]
High street sales leap in bumper easter April 13, 2010 RETAIL sales growth surged last month after a booming Easter for high street trade. The total value of sales rose by 6.6 per cent in March – the biggest upturn since April 2006 – according to the data from the British Retail Consortium and KPMG. The figures follow positive results from john Lewis and Marks [...]