KPMG to cut five per cent of US jobs as demand slows June 26, 2023 Big four accountancy KPMG tonight announced a fresh round of layoffs, with plans to cut five per cent of its US workforce. In an internal message seen by City A.M., US chair and CEO Paul Knopp KPMG said: “We do not make the decision lightly. However, we believe it is in the best long-term interest [...]
One in five UK employers has hired a Ukrainian, report reveals June 26, 2023 Nineteen per cent of businesses surveyed by the Social Market Foundation (SMF) hired at least one Ukrainian national in 2022, a new report published today has shown. In the cross-party think tank’s survey of 2,000 HR managers – conducted by YouGov on behalf of the Chartered Institute of Personnel and Development – the SMF also [...]
The Notebook: Olle Lundin on revolutionising banking, reshaping the fintech landscape and expanding into the UK June 21, 2023 The notebook is written by Olle Lundin, co-founder and CEO of Swedish fintech Froda, which is launching in London As I stand here today, on the brink of Froda’s expansion into the UK market, I can’t help but feel both excited and nostalgic. You see, long before co-founding Froda and embarking on this incredible fintech [...]
Pinewood-owner Aermont to enter £4bn race for Center Parcs June 19, 2023 Specialist real estate investor Aermont is likely to join the £4bn race for holiday resort chain Center Parcs, as reported by Sky News. Aermont, which operates in Europe, would join confirmed bidders KSL Capital Partners operating with Singapore’s Government Investment Corporation, and buyout giant CVC Capital Partners. Former Center Parcs owner Blackstone and infrastructure fund Antin are [...]
‘Constructive’: US and China meet in bid to cool tensions June 18, 2023 US secretary of state Anthony Blinken and China’s foreign minister Qin Gang met today in Beijing to begin a two-day set of talks. Whilst neither side expects a major breakthrough to emerge, US officials said the main goal is to stabilise a relationship that has become extremely tense. The talks come at a time of [...]
Vodafone and Three days away from announcing a UK merger June 7, 2023 Vodafone and the owner of Three network, CK Hutchison, will announce a long-anticipated merger that will see them become the UK’s biggest mobile operator, according to reports. Talks are now in the final stage and an announcement is expected “as soon as Friday or early next week”, according to reports from Reuters. The new company [...]
Mark Kleinman dissects the CBI’s rescue plan – plus the boss of Vashi’s vanishing act and Man U’s other battle June 1, 2023 In five days time, Rain Newton-Smith must deliver the performance of her career. At an extraordinary general meeting of the CBI, she will seek to convince thousands of its members that it should survive the maelstrom which has brought it to the brink of collapse. The cards appear stacked against her. Already, the CBI’s principal [...]
Only four water companies fined by watchdog over sewage spills May 30, 2023 The Environment Agency (EA) fined just four water companies for breaching an overflow permit that they used to dump sewage into rivers and the sea between 2018 and 2022 despite over 300,000 sewage spill incidents, the Financial Times has reported. According to official data obtained through a Freedom of Information request submitted by the FT, [...]
Capita wins £565m in government contracts – despite major data breach May 25, 2023 Capita was today confirmed as the government’s chosen partner in two contracts worth a combined total of £565m – despite two recent major data breaches, the impact of which is still being investigated. The firm said the investigation and clear up will cost between £15m and £20m – this includes “further steps [taken] to ensure [...]
Investment in solar power set to outshine oil for first time May 25, 2023 The IEA announced that investment in solar power will this year exceed that of oil for the first time ever amid the global push towards renewables.
