KPMG partners take 11 per cent pay cut as Covid-19 eats into profits February 3, 2021 Partners at KPMG have had their pay cut by an average of 11 per cent, from some £640,000 to £572,000, as Covid-19 hit profits and revenue at the firm. KPMG’s chairman was paid £1.7m for the year, a decrease of 14 per cent on 2019. Partners across Big Four firms saw pay cuts in [...]
How Tampa went from fast food badland to supercool trailblazer February 2, 2021 To tide us over until we’re able to travel again, we’re republishing classic travel stories from our archives. This week we revisit Ashwin Bhandari’s trip to Tampa to see a food scene revolutionised by a new generation of chefs. ••• On a Friday night in Seminole Heights, The Refinery restaurant is buzzing. Every seat is [...]
PwC’s new leader of FS: ‘The outcome of Brexit on financial services is still unknown’ February 1, 2021 Last month Isabelle Jenkins was named the new leader of financial services at PwC UK, after spending 17 years as a partner at the firm. Jenkins replaced Andrew Kail, who held the role over the last four and a half years. In her first interview as leader of financial services at the Big Four firm, [...]
Jaguar XF P300 review: revitalised luxury at a surprisingly low price January 29, 2021 Jaguar has revised the XF saloon and Sportbrake for 2021, with a brand new interior, impressive new tech and significantly better value.
The Ring couldn’t rule: Why the LME is smart to go digital January 28, 2021 The London Metals Exchange (LME) proposal to shut its infamous ring may well have been accelerated by the pandemic, but the truth is that the end has been nigh for in-person commodities trading for sometime. As the tectonic plates of the trading world have shifted to the computer screen in equity markets, metals traders have [...]
With no office, our future leaders are being held back January 27, 2021 In spite of the challenges facing central cities around the world at the moment, they are and will remain places with huge concentrations of the jobs which provide the greatest opportunities to learn and to move up the job hierarchy. For young people, Central London offers an unparalleled combination. A range of independent employers with [...]
Going digital? Hold up – hybrid events will be the future January 26, 2021 In recent years, much of the technologically-minded business community has decamped to the windowless, air-conditioned rooms of Las Vegas for the annual Consumer Electronics Show. Despite being the showcase for all things digital – from autonomous vehicles to intelligent fridges – it has always been a distinctly physical event. And while many complained of being [...]
Car industry straps in for rough ride in 2021 January 23, 2021 2020 was one of the worst years the UK car industry has ever experienced, with shuttered factories and closed showrooms due to Covid-19 leading to a record slump in production and sales. But barring a disaster on the same scale, the industry is confident that it will begin to recover this year, even though the [...]
Gloucester Rugby CEO Lance Bradley: Scrap relegation this season, it’s not right and would be catastrophic for any Premiership club January 21, 2021 “It would be catastrophic,” says Gloucester Rugby chief executive Lance Bradley, matter-of-factly, about the prospect of relegation. Gloucester sit bottom of the Premiership table after six rounds of fixtures, raising the spectre of another swingeing financial blow as all clubs count the cost of the pandemic. It hardly bears thinking about – and Bradley doesn’t [...]
Supreme Court rejects insurers’ claims in landmark business insurance case January 15, 2021 The Supreme Court has largely ruled in favour of policyholders and the City regulator in the landmark business interruption insurance case. In a judgment handed down today, the court said it “substantially allowed” the appeal by the Financial Conduct Authority (FCA) and campaign groups Hiscox Action Group and Hospitality Insurance Group Action. The insurers Arch, [...]