Accountants can save the world, report November 11, 2009 THERE has been no shortage of talk about the forthcoming Copenhagen climate change conference in December, at which presidents and prime ministers will discuss ways to save the world by reducing carbon emissions. Already, many suspect that little will be decided at the meeting. The reality is that if the world is saved, it will [...]
Big spending days of top flight are finished September 1, 2009 SPENDING by top-flight clubs shrank by 10 per cent this year – and experts say a more “risk-averse” climate means Premier League outlays will fall again in 2010. Teams in England’s top tier spent an estimated total of £450m before the summer transfer window closed yesterday evening, a reduction of around £50m on 2008’s record [...]
City Airport owner snaps up Gatwick October 21, 2009 THE UK’s second largest airport, Gatwick, is facing a massive shake-up after BAA yesterday sold it for £1.5bn to City Airport owner Global Infrastructure Partners (GIP). The new owner said that it wants to challenge rival Heathrow by overhauling services and could add new destinations. Michael McGhee, the GIP partner leading the acquisition, said the [...]
Retail banking is struggling to get off the canvas August 19, 2009 AS Britain’s retail banking sector fractures and polarises, it is beginning to resemble a boxing match: two heavyweight contenders are preparing to slug it out in the main event with the prize nothing less than commercial success. In the red corner are the grizzled veterans – the traditional banking groups HSBC, RBS, Lloyds and Barclays. [...]
COFFEE BEAN COUNTERS July 27, 2009 IT may come as something of a surprise but accountancy can be something of a bitchy world. So, ever since KPMG won the account as administrators to the coffee chain Coffee Republic earlier this month, there have been rumours that it did so by undercutting some of its rivals on fees. Not so, says KPMG. [...]
Top-flight clubs approve tougher financial rules September 14, 2009 CLUBS could be banned from making transfers if the Premier League judges them to be in danger of falling into administration, under sweeping financial changes announced yesterday. The new rules, which were agreed by top-flight chairmen this week and are already in effect, require clubs to submit annual audited accounts and future financial plans. If [...]
CITY MOVES WHO’S SWITCHING JOBS August 13, 2009 Reed ElsevierThe publishing group has appointed Ben van der Veer, the former chairman of accountancy firm KPMG in the Netherlands, as a non-executive director, effective from 3 September. Van der Veer was chairman at KPMG Netherlands between 1999 and 2008 and also sat on the firm’s international board and management committee. He is a member [...]
CITY MOVES WHO’S SWITCHING JOBS October 5, 2009 KPMGThe accountancy firm has appointed Rachel Campbell as global head of people, performance and culture and a member of its global executive team. Campbell is currently head of people for the firm’s European business and has led its award-winning “Employer of Choice” strategy in the UK. Prior to that, she was an audit partner specialising [...]
CITY MOVES WHO’S SWITCHING JOBS October 5, 2009 KPMGThe accountancy firm has appointed Rachel Campbell as global head of people, performance and culture and a member of its global executive team. Campbell is currently head of people for the firm’s European business and has led its award-winning “Employer of Choice” strategy in the UK. Prior to that, she was an audit partner specialising [...]
FSA in probe of JPMorgan August 11, 2009 INVESTMENT bank JPMorgan Chase has instructed KPMG to conduct a review into its procedures for looking after client money, after a systems error sparked an inquiry into its methods by the City watchdog. JPMorgan confirmed yesterday it had recently discovered an operational error dating back to 2002, which involved failing to keep around £8.5bn of [...]