City to become worst for banker taxes, says KPMG March 8, 2010 HIGH-RANKING bankers and hedge fund managers living in London will pay more in personal tax and social security starting next month than if they were based elsewhere, according to research carried out by KPMG for Financial News. The accountancy firm said from 6 April when the government implements its 50 per cent tax on income [...]
Fraud at its highest level in the capital August 8, 2010 FRAUD cases in London and the South East doubled in the first half of the year, to make up 81 per cent of all fraud committed in the UK, according to figures out today. Around 88 fraud cases made it to court in the region, worth a total of £493m, compared to 44 cases worth [...]
GT reveals non-executives September 8, 2010 GRANT Thornton (GT) has become the first large accounting firm to comply with new governance rules by revealing its new non-executives. The three non-executives are Richard Eyre, chairman of the Eden Project; Caroline Goodall, a consultant to law firm Herbert Smith; and Ed Warner chairman of UK Athletics. The UK’s biggest eight audit firms – [...]
For accountants, qualifications are a matter of taste September 22, 2010 WHEN they get their first job, many accountants worry that they will be pigeon-holed by their qualification. ACA is seen as the City gold standard in some quarters, and those who aren’t offered it might worry that their ambition of becoming a FTSE 100 CEO will be thwarted. On the other hand, ACCA is a [...]
Connaught in administration September 7, 2010 TROUBLED social housing repair firm Connaught put most of its business into administration yesterday, after its lenders refused to further fund the company. The FTSE 250 component said last night that its public sector business will be put into the hands of administrators KPMG, though its environment and compliance arms will remain in operation. The [...]
KPMG: Public services to require radical changes February 22, 2010 The delivery of public services must be redefined according to a study compiled by accountancy firm KPMG. Recommendations contained within the report suggests that UK public sector companies need to go through a raft of radical changes to successfully redefine their role. “At the moment there is a lot of focus on short-term measures to [...]
Google keeps top ranking as best employer September 27, 2010 GOOGLE is the most attractive employer in the world, according to new research, which shows that fewer students and graduates are turning to the financial services industry for work. Up to 130,000 job seekers with either a business or engineering background have voted the internet giant into the top spot in employment consultancy Universum’s annual [...]
Drug IT group to float October 10, 2010 A SUPPLIER of safety assessment software to drug development companies is raising £9.15million on London’s junior stock market to help it hit the acquisition trail. Instem Life Science Systems, whose customers include GlaxoSmithKline and Astrazeneca, is placing 5,228,376 shares at 175p each on AIM, giving it a market capitalisation of £20.5m. The Staffordshire-based company, whose flagship [...]
Drug IT group to float October 10, 2010 A SUPPLIER of safety assessment software to drug development companies is raising £9.15million on London’s junior stock market to help it hit the acquisition trail. Instem Life Science Systems, whose customers include GlaxoSmithKline and Astrazeneca, is placing 5,228,376 shares at 175p each on AIM, giving it a market capitalisation of £20.5m. The Staffordshire-based company, whose flagship [...]
Public sector cuts begin to impact jobs August 3, 2010 GROWTH in recruitment activity demonstrated a marked slowdown in July, in the first tangible sign that the government’s public sector austerity cuts are starting to take their toll. The month saw weaker rises in both permanent and temporary appointments, the KPMG and Recruitment and Employment Confederation (REC) Report on Jobs showed. The number of net [...]