Action on climate speaks louder than words, but communicating that action is also key September 24, 2020 Rather than being overshadowed by the pandemic, if anything Climate Week in New York — which began on Monday — has been amplified by the focus on building back greener and fairer. This is mirrored by more and more businesses making Net Zero commitments — PwC being among the organisations to announce one in recent [...]
Consumer spending bounces in January but high street woes continue February 11, 2020 Brits ramped up their spending in January after a thrifty December, according to new data, in the latest sign that the UK economy may have bounced back at the start of 2020. Consumer spending grew 3.9 per cent in January, data from payment provider Barclaycard showed today, up from the one per cent growth witnessed [...]
City Moves for Thursday 10 January: Who’s switching jobs at Newton Investment Management, Kirkland & Ellis and KPMG? January 10, 2019 Newton Investment Management Newton Investment Management (Newton IM), part of BNY Mellon Investment Management (BNY Mellon IM), announced the appointment of Jin Philips as head of strategic relationships EMEA. In this role, Jin will be responsible for directing Newton IM’s sales strategy across UK institutional and charity channels and EMEA-partnered distribution relationships. Jin will report [...]
Hammerson collects just 16 per cent of third-quarter UK rent July 1, 2020 Retail property giant Hammerson said it had received only 16 per cent of the rents it is owed in the UK so far this quarter, as the coronavirus pandemic weighs heavily on the sector. As of 29 June, the shopping centre operator said it had collected 73 per cent of UK rents for the first [...]
City Moves: Who’s switching jobs in the Square Mile this week? May 5, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. OneBanks hires ex–Lloyds chief as its first CTO Shared branch banking venture OneBanks has appointed a former Lloyds Bank executive as its first chief technology officer (CTO) this week. Andy Willmot, once [...]
How do you solve a problem like Wirecard? June 19, 2020 It’s been a wild ride for Wirecard. When the German payments firm premiered on the prestigious blue-chip Dax index just two years ago, shares were priced at €200 apiece. Today, prices hit as low as €20 per share, forcing out chief executive Markus Braun and leaving the future of the digital payments firm in question. [...]
Music retailer HMV appoints KPMG as administrators after entering administration for second time since 2013 December 29, 2018 KPMG has been appointed administrator of music shop HMV after the retailer announced it would enter administration for the second time since 2013. At least 2,200 jobs are at risk if the 97-year-old entertainment store, which has 128 shops across the country, collapses. The administrators will continue to operate all stores while they explore business [...]
Big Four firm KPMG comes through bruising year with strong set of results December 5, 2018 Big Four audit firm KPMG has pushed past the fallout from the collapse of outsourcer Carillion to deliver strong revenue and profit growth. The UK arm of the firm boosted revenue eight per cent to £2.338bn and underlying profit 18 per cent to £356m in the year to 30 September. The strong growth comes despite [...]
Former FRC chairman Simon Dingemans joins Carlyle June 15, 2020 The former chairman of the Financial Reporting Council (FRC) who stepped down last month has taken a new role at private equity firm Carlyle. Simon Dingemans, who left the accounting watchdog in May, will join Carlyle as a managing director in charge of UK buyouts, first reported by the Financial Times. He will also reportedly [...]
‘Calm before the storm’: Rate of redundancies slows but worst is yet to come July 16, 2020 Fewer British employees were made redundant in June but economists warn unemployment is on course to rise. Around 650,000 people lost their jobs between March and June but the pace of decline slowed in June, with the bulk of job losses occurring around the onset of lockdown restrictions. June’s drop of just over 74,000 was [...]