UK banks ‘ahead of the pack’ in climate risk exposure disclosures May 5, 2022 UK banks are the most transparent in the world at disclosing their exposure to climate change risks, reveals a fresh report released today. The creation of an accounting framework that incentivises British lenders to update markets on their green credentials has led to them being “ahead of the pack,” according to consultancy KPMG. The Prudential [...]
Government bans services exports to Russia – but UK lawyers excluded May 4, 2022 Ministers have announced a ban on services exports to Russia, including management consulting, accounting and public relations but excluding legal professions. In the latest tranche of sanctions from foreign secretary Liz Truss, Russian businesses will no longer be able to do businesses with UK professional services firms. Many businesses have already cut connections with the [...]
KPMG to double size of UK legal practice as part of ‘once-in-a-generation’ growth strategy May 4, 2022 Big Four accountancy firm KPMG is set to double the size of its UK legal practice over the next three years, as it pushes forwards with plans for its “once-in-a-generation” growth strategy. The plan is set to see KPMG hire 220 new lawyers – including 45 new partners and directors – by the end [...]
Ofgem investigates suppliers over direct debit payments May 3, 2022 Household energy suppliers are under fresh scrutiny from Ofgem amid concerns customers are facing unfair hikes in direct debit demands.
Unimed Procurement Services making a difference in global medical procurement May 3, 2022 Shameet Thakkar is on a mission, a humanitarian mission, and since setting up his company nothing has stopped his drive nor blunted his zeal – not even a global health pandemic. He set up Unimed Procurement Services (Unimed) to “make a difference” in acting as a trustworthy and reliable procurement agent for international aid, charities [...]
KPMG refuses to sign off Adler audit following allegations of wrongdoing April 30, 2022 Big Four accountancy firm KPMG has refused to sign off the 2021 financial results of German property group Adler, after an investigation by the auditor last week unveiled widespread issues with the property firm’s corporate governance. In a statement, the Berlin based real estate company, which owns 52,000 flats across Germany, said KPMG had “not [...]
City Moves: Who’s switching jobs in the Square Mile? April 28, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Paysafe Specialised payments platform Paysafe has appointed crypto executive into the newly created role of senior vice president of its crypto division. Elbruz Yılmaz will be tasked with further extending the New York-listed group’s crypto offering, having spent [...]
Thousands of consultants now working to achieve Chartered status, one year after qualification’s launch April 27, 2022 London consultants are increasingly seeking to certify their professional achievements by attaining Chartered Consultant status, following the launch of the professional qualification last year. More than 3,000 consultants are currently working towards gaining Chartered status, while more than 600 have already got it, according to new figures from the Management Consultancies Association (MCA). The news [...]
KPMG to cash in on tech fundraising boom via stake in venture capital advisor April 27, 2022 KPMG is seeking to capitalise on the UK’s booming technology startup ecosystem by acquiring a 50 per cent stake in venture capital fundraising advisor Acceleris. The Big Four accountancy firm is hoping to cash in on the booming market for tech startup fundraising by teaming up with the tech-focused venture capital firm. The deal, which [...]
A fresh £225m: UK life sciences continue to ride wave of Covid-19 momentum April 25, 2022 The UK’s life sciences sector has continued to ride the wave of momentum that has come with Covid-19, with investors increasingly alive to the sector’s opportunities. The Cambridge Innovation Centre (CIC) has raised £225m in an oversubscribed round for its second life sciences fund, it announced today. The venture capital investor, focused on life sciences [...]