Ernst & Young, China has started setting up a new office in Nanjing during a signing ceremony with the government of Jianye District, Nanjing. Strategically located at Sunny World at the heart of the CBD, Nanjing’s financial center, the Nanjing office marks the establishment of Ernst & Young’s 15th office in China (including HK and [...]
The joint special administrators of MF Global UK have confirmed that they started making interim distribution payments to those with agreed client money claims on Friday 10th February. The first wave of settlements affects up to 600 clients with estimated claims of $12m, with a second wave of settlements starting from next week, affecting another [...]
Propelling itself into position as a global market leader in indirect tax compliance services, KPMG LLP has acquired the US assets of Thomson Reuters Corporation’s (TRI) widely respected ONESOURCE® Indirect Tax Managed Services business. The service will become part of KPMG’s Indirect Tax Compliance Services, which is part of the US firm’s existing State and [...]
Deloitte-Übermind (www.ubermind.com) has worked with Showtime Networks to create an iPad application for the network’s authentication service Showtime Anytime. An app for the iPhone will be available in the upcoming weeks. “This new iPad app provides a convenient, user-friendly extension of the Showtime Anytime desktop experience,” says Deloitte | Übermind principal Shehryar Khan. “This app [...]
The risk of another global recession and a renewed banking crisis is high according to a new survey of the dangers currently facing the world’s banking industry. The CSFI’s annual Banking Banana Skins survey, produced in association with PwC, puts macro-economic risk at the top of the list of 30 possible risks to banks. The [...]
Various perceptions exist relating to organizations that provide clients with a payday loan facility. Some of these misconceptions seem to have been inspired by movies and dramatization. However, to give any potential borrowers peace of mind, providers of immediate payday loan services, conform to the “Truth in Lending Act”, mandated by the FDIC. It determines [...]
KPMG has welcomed suggestions that employers should offer ‘ownership’ as a way of incentivising staff, but suggests that altering business models is only one way to drive performance. Robert Bolton, People & Change Partner at KPMG, said: “Too often, what someone earns is indistinct from the results they achieve, but if reward is intrinsically linked [...]
A major shift in global power M&A is taking place, ending a six year-long era of European dominance in power deals. The power deal world is heading in new and different directions that will lessen the impact of the eurozone crisis on deal totals, according to PwC’s annual Power Deals report. The eurozone crisis is [...]
Richard Fleming, Chris Laverty, Ed Boyle and Joff Pope of KPMG have been appointed joint administrators to Peacock’s Stores Limited, The Peacock Group Plc, Peacocks (Nantgarw) Limited, Dorsman Estates Co Limited and Henson No.4 Limited, which together make up the high street budget fashion retailer trading as Peacocks. The Peacocks business operates around 611 stores [...]
Howard Smith, Mark Firmin and Joff Pope of KPMG’s Restructuring practice were appointed joint administrators to gift retailer Past Times on 16 January 2012. The loss making high street business is a casualty of difficult trading conditions for the retail sector, which has seen discretionary spend fall as consumer confidence declined during the last year, [...]
Richard Fleming, Richard Heis and Mike Pink of KPMG LLP, the Joint Special Administrators of MF Global UK Limited, have released an update following the creditors’ meeting on the progress made in the special administration to date, including a statement on the interim distribution of client monies. Over 800 representatives of creditors and clients attended [...]
KPMG has strengthened its specialist defined contributions pensions advisory team, with the appointment of Andy Seed as a director. Andy joins from Deloitte where he recently led the London benefit advisory team. Prior to that he worked with Mercer in their pensions consulting and business development teams. Based primarily in London, he will take on [...]
KPMG joint administrators to La Senza UK have completed an agreement to sell part of the business to Alshaya UK Limited, part of the Alshaya group of companies, an international retail franchise operator based in Kuwait. Alshaya have acquired 60 of La Senza UK’s stores, securing around 1,100 jobs in the UK. La Senza UK [...]
Brian Green, Richard Fleming and David Costley-Wood of KPMG were appointed joint administrators to Blacks Leisure Group. On appointment, the administrators sold the business to JD Sports. JD Sports has acquired substantially all of the assets, including all 302 stores operating under the Blacks and Millets brands and the 3,500 staff who work there. No [...]
Global accounting and consulting firm Deloitte has announced the acquisition of Übermind, Inc., an innovative mobile agency, expanding its leading-edge business, systems integration and enterprise technology capabilities. “Mobile technologies are rapidly reshaping the nature of business. This represents a significant opportunity for companies to develop new interaction models with customers, employees and stakeholders,” says Janet [...]
As GPs grapple with the abolition of primary care trusts and creation of Clinical Commissioning Groups in April 2013, KPMG and the National Association of Primary Care (NAPC) are publishing the first in a series of guides, designed to support doctors as they seek authorisation from the NHS Commissioning Board. “Through their Clinical Commissioning Groups, [...]
Unsecured creditors of discount retailer Focus DIY who are owed £821.1 million will get less than 1 percent for every £1 owed, as only £600,000 could be set aside for them from the outstanding charge assets reserved for non-preferential creditors, the latest Ernst & Young progress report reveals. About 15,000 claims are awaiting reply from [...]
MF Global UK Limited clients with claims against funds in the customer money pool and client assets can complete and submit a claim form from starting December 8, according to one of the administrators. Richard Fleming, Richard Heis and Mike Pink of KPMG LLP, the Joint Special Administrators of MF Global UK Limited, have announced [...]
KPMG International and Sustainable Asset Management (SAM) bared a worldwide alliance to help companies measure and enhance their corporate sustainability performance upon which investors would base their assessment of the firm. The alliance leverages the expertise and the capacity of SAM to measure sustainability, the official partner with Dow Jones Indexes for the publication of [...]
Deloitte has expanded its cloud computing consulting services with the addition of Deloitte CloudPrint (CloudPrint), a proprietary delivery framework specifically designed to help guide clients through the process of becoming a cloud service provider or subscriber. Based on Deloitte’s experience in executing Cloud strategy and implementation efforts, CloudPrint is built around three distinct offerings. CloudPrint [...]
