Job appointments tumble September 3, 2008 The rate of permanent employment appointments fell in August at the sharpest rate for almost seven years according to a report from KPMG published today. Shrinking demand for staff has led to the lowest number of permanent places since November 2001; the fifth consecutive month of employment cutbacks. Kevin Green, chief executive, of the Recruitment [...]
KPMG set to run Caliber liquidation September 2, 2008 Caliber Global Investment, the LSE listed mortgage-bond fund run by the hedge fund group Cambridge Place Investment Management, is seeking shareholder approval to appoint KPMG, the accountancy firm, to oversee its liquidation. Caliber is unwinding holdings of US and European mortgage-backed debt, which totalled $908m in March 2007, after taking losses on subprime mortgages. The [...]
JP Morgan retains top broker title September 1, 2008 Investment bank JP Morgan Cazenove has been named the top City broker for the third year running, according to the latest adviser rankings from Hemscott. JP Morgan has led the table for 12 consecutive quarters. It gained five new clients in the three months to 11 August taking its client base to a total of [...]
Inflation surge bites July 15, 2008 Bank of England rate setters face another tough decision as fresh evidence emerges that soaring inflation and sluggish high street sales continues to put pressure on consumer’s pockets and the wider economy. Prices charged by manufacturers at the factory fate rose by 10 per cent in June – the highest rate since comparable records began, [...]
60,000 expected to go bankrupt in 2005 October 31, 2005 Personal bankruptcies are rocketing. Figures from the Department of Trade and Industry (DTI) this week are expected to show that more people are being declared insolvent now than at the height of the 1992 recession. Capital Economics has forecast that there were 14,700 bankruptcies in the last quarter, 45 per cent more than in the [...]
Southern in £2.5m probe October 26, 2005 Soutern Water may have to pay up to £2.5m in compensation to customers after irregularities were discovered in its queries and complaints procedures. In an unprecedented move the company, which supplies water and sewerage services to 2.3m homes and businesses, has informed industry regulator Ofwat that it may have misled the watchdog over the level [...]
KPMG staff scoop £59m in bonuses October 25, 2005 Secretaries and directors at KPMG will share in a £59m bonus bonanza. The 8,950 people who make up the accountancy firm’s British workforce will share in the £59m pot, which equates to just under £6,600 per person. The bonus pot has risen 68 per cent from £35m last year, when the company gave on average [...]
It’s Ken Again October 21, 2005 He is 74 but Ken Morrison is in no mood to slow down and take it easy. During the span of a career in the City a businessman usually plays the role of hero and villain. Sir Ken Morrison was typecast as the former until he acquired Safeway a year ago. In 2001 when it [...]