Brits should brace for further rate hikes from Bank of England, City economists warn February 3, 2022 Households should brace for further rate hikes from the Bank of England this year as it steps “up its fight against inflation”. The Bank will rapidly pivot policy toward getting on top of Britain’s cost of living crunch, City economists are betting after today’s decision to raise rates at back-to-back meetings for the first time [...]
Looking at a metaversal bear market February 3, 2022 Going short, going long, and trying not to catch falling knives around the metaverse, with Dr Chris Kacher.
KPMG sued for £1.3bn over audit of Carillion February 3, 2022 The court appointed officer in charge of liquidating collapsed construction giant Carillion is suing KPMG for £1.3bn, for its role in auditing the building contractor. The £1.3bn claim – filed by the High Court appointed Official Receiver (OR) – alleges that KPMG failed its duties as an auditor to spot misstatements in Carillion’s accounts. The [...]
Private equity market soars as dealmakers shrug off uncertainty February 3, 2022 Private equity dealmaking in the UK soared to record levels last year as dealmakers shrugged off pandemic and Brexit uncertainty, new data has revealed today.
Interview: Zoom beyond lockdown February 3, 2022 Zoom CIO Harry Moseley talks to Leah Montebello about the firm beyond Covid-19
Carillion’s liquidator seeks more than £1bn from KPMG over collapsed construction giant’s audit February 2, 2022 KPMG may be forced to pay more than £1bn in damages for its role in auditing collapsed construction giant Carillion. The Big Four firm has received a legal claim from the Official Receiver (OR) – a UK government officer responsible for managing Carillion’s liquidation – requesting the firm pays damages in excess of £1bn, Sky [...]
KPMG dishes out record pay to partners and £100m bonuses to staff February 1, 2022 Partners at KPMG have voted to invest £300m into a “once-in-a-generation” transformation of KPMG’s business, after handing out £100m in bonuses on the back of a “resilient” performance last year. The professional services firm said it would be handing out £100m in bonuses to its 14,700 staff, as it said KPMG partners were handed their [...]
Bain, McKinsey and BCG outgun Big Four with huge salaries and big bonuses January 28, 2022 The Big Three consulting firms – Bain, McKinsey, and Boston Consulting Group (BCG) – are now offering considerably higher salaries than the Big Four accounting firms – EY, PwC, KPMG, and Deloitte – new figures from Management Consulted show. A tight global labour market in 2021 and stiff competition among white collar firms has caused [...]
Office market booms as Tfl passenger numbers climb again January 28, 2022 Take up of Central London office space soared at the end of last year, in a major boost for the City’s revival this winter. Tenants took up 3.2m sq ft of London office space in the final quarter, exclusive data from real estate firm CBRE revealed. This was the strongest take-up since the end of [...]
UK tech jobs soar at record pace January 28, 2022 New data released today reveals that tech sector roles are growing at the fastest rate ever as firms gear up for a strong 2022.