EV market shows signs of maturing as second hand sales double May 10, 2022 The UK electric vehicle market has shown signs of maturing as the number of second hand sales has doubled over the last year, according to a quarterly report by the Society of Motor Manufacturers and Traders (SMMT) published today. Despite a combination of Covid-induced supply chain issues – including semiconductor shortages – and the impact [...]
How to cancel ‘cancel culture’ and correct the politically correct May 8, 2022 Crypto AM columnist Dr Chris Kacher examines how a Web3 metaverse can help stabilise the world's unbalanced avenues.
KPMG ups pay for 15,800 rank-and-file staff by at least £2,000 May 6, 2022 The UK arm of Big Four accountancy firm KPMG is set to give pay rises of £2,000 each to 15,800 of its rank-and-file employees. The auditor said all of its everyday employees will see their salaries hiked by at least £2,000, as it said all staff excluding partners will receive a flat pay rise of [...]
UK automotive production outlook downgraded following April slump May 5, 2022 The automotive industry was forced to downgrade its 2022 production outlook after the number of cars built in April slumped 15.8 per cent. Data published today by the Society of Motor Manufacturers and Traders (SMMT) revealed the number of new car registrations fell to 119,167 units due to covid-induced semiconductor shortages. The decline, the data [...]
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 [...]