SRG signs deal to fend off demise February 23, 2010 SPECIALITY Retail Group (SRG), the owner of Suits You and Racing Green, has secured a deal from its creditors to save it from collapse. Around 98 per cent of SRG’s landlords voted for the company voluntary arrangement (CVA), which will see them cut rents by 40 per cent at the group’s loss-making sites. However, SRG [...]
CITY MOVES | WHO’S SWITCHING JOBS February 22, 2010 KPMG The accountancy giant has appointed Michelle Quest as its new head of people in the UK, having spent the past 13 years of her career at the firm. Quest joined KPMG from Robson Rhodes in 1997 and became an M&A tax partner in the tax and people services practice in 2003. She takes over [...]
KPMG: Public services to require radical changes February 22, 2010 The delivery of public services must be redefined according to a study compiled by accountancy firm KPMG. Recommendations contained within the report suggests that UK public sector companies need to go through a raft of radical changes to successfully redefine their role. “At the moment there is a lot of focus on short-term measures to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 18, 2010 FINANCIAL TIMES RIPOSTE BY 60 ECONOMISTS TO CALL FOR CUTS More than 60 leading economists have backed Alistair Darling’s decision to delay spending cuts until 2011, creating a dividing line within the profession on the crucial general election issue of how to tackle the UK’s huge public debt. Two letters in today’s Financial Times warn [...]
Public sector jobless total is set to soar February 15, 2010 JOB losses are set to surge as the axe swings in the public sector, an employers’ survey has found. One in three public sector employers plan to slash jobs this year according to the survey, published yesterday by the Chartered Institute of Personnel and Development (CIPD). The number of public sector bodies planning job cuts [...]
Jobs market “still on the ropes” February 15, 2010 JOB losses are set to surge as the axe swings in the public sector, an employers’ survey has found. The Chartered Institute of Personnel and Development said the jobs market was still “on the ropes” with one in six employers planning redundancies in the first three months of the year. The employers said they planned [...]
We must grow ourselves out of debt February 15, 2010 BRITAIN has been spending more than it earns for years now, which is why the government and individuals alike are crumbling under a huge burden of debt. Two kinds of policies are needed to get us out of this hole: we must spend less; and we need to grow faster and more sustainably. Everybody has [...]
January sees new cars surge by a third on scrappage boost February 4, 2010 The government’s scrappage scheme led new car sales to surge by almost a third this January, the Society of Motor Manufacturers and Traders (SMMT) said yesterday. Despite the return of the 17.5 per cent VAT rate, 145,479 new cars were registered over the month, a 29.8 per cent increase on last year. This made January [...]
Job market recovery will gather pace during year February 2, 2010 RECRUITMENT consultancies have signalled further growth in the number of staff appointments in January, as the UK job market continued its return to health. According to the latest Recruitment and Employment Confederation and KPMG report on jobs, published yesterday, the growth of permanent placements eased from December’s peak but remained strong. Temporary or contract staff [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 31, 2010 FINANCIAL TIMES US BANKS FACE INSIDER TRADING PROBE Neil Barofsky, the special inspector-general overseeing the US government’s financial rescue efforts, is to probe allegations of insider trading among bank executives and their associates. Eight of the largest banks in the US received between $2bn and $25bn in October 2008 under a programme to prop up [...]