Covid-19 gives employees itchy feet as job hunts are on the rise May 4, 2021 Job hunts are rising for those in corporates, consultancies and start-ups, according to figures from Movemeon, as multiple lockdowns have shown bosses under a different light. A third of those working in management consultancies are looking for a new role, alongside nearly a quarter of those in private equity and venture capital (PE/VC). Employees getting [...]
UK inflation drops to two per cent in July August 18, 2021 Inflation in the UK dropped in July, driven by sharp falls in prices for clothing and footwear as retailers sought to stimulate demand by slashing prices amid the traditional summer sale season, according to official figures released today. The Office for National Statistics said prices rose two per cent over the last year, down from [...]
Deloitte starts audit split – the first of the Big Four to do so September 11, 2020 Deloitte will set up an audit governance board, making it the first of the Big Four accounting firms to make headway with demands from the UK regulator. The audit governance board will be effective from 1 January 2021. It will be chaired by Baroness Margaret Ford, who currently chairs Scottish media group STV and real [...]
Carne Group bags €100m investment from London private equity firm January 13, 2021 Irish financial services firm Carne Group has secured funding from a London-based private equity firm that has backed the likes of Darktrace and Just Eat. Carne Group, which is the world’s largest third-party fund management company, announced it had received a €100m investment from Vitruvian Partners. The fresh funding will be used to expand the [...]
UK unemployment rate shrinks faster than expected to 4.7 per cent August 17, 2021 The UK jobless rate shrank faster than expected over the last quarter as employers hired workers rapidly to cope with soaring demand triggered by the lifting of Covid restrictions, according to official figures published today. Latest data from the Office for National Statistics shows the unemployment rate dipped 0.2 per cent over the last quarter [...]
Square Mile’s largest employers embrace hybrid working, the details May 8, 2021 The majority of the largest employers in the City of London have vowed to continue with some sort of hybrid approach to working, after pandemic-led restrictions forced the biggest home working experiment in history. With Covid-19 cases falling and millions of people successfully vaccinated, staff are trickling back into London’s offices, and companies are turning [...]
Multinational tax dodging strategies should be as damaging as fuelling climate change June 11, 2021 The G7’s landmark deal to tackle tax avoidance and crack down on multinational companies that treat our global economy as a financial rabbit warren, might seem a welcome step in the right direction. But until businesses start seeing tax as an investment opportunity as opposed to an unwelcome bill, it’s unlikely to make much of [...]
TCI calls on Wirecard to remove chief executive Markus Braun April 29, 2020 The Children’s Investment fund has called on Wirecard’s supervisory board to remove chief executive Markus Braun after a KPMG audit was unable to verify its revenue. It piles further pressure on Wirecard chairman Thomas Eichelmann after KPMG said was unable to obtain all the information it requested from the firm, such as bank statements. In [...]
Luggage brand Antler collapses into administration May 19, 2020 Luggage brand Antler has become the latest victim of the coronavirus crisis, collapsing into administration today due to the collapse in international travel. Big four auditor KPMG has been appointed as the administrator for the brand, which is over a century old. Administrators have already made 164 of the firm’s 199 staff redundant, KPMG said [...]
Coronavirus: UK economy set for ‘most severe downturn in modern times’ June 10, 2020 The coronavirus pandemic has dragged the UK into the “most severe economic downturn in modern times” with the economy set to contract over seven per cent this year, new forecasts suggest. The UK economy is expected to shrink 7.2 per cent in 2020 and is unlikely to fully recover from the impact of Covid-19 until [...]