KPMG appears to be facing a financial squeeze, as it is preparing to shut down its private members’ club in Mayfair and move staff to Reading as part of efforts to trim £100m in costs.
The Telegraph reports that KPMG is exploring plans to close the five-storey townhouse
at 20 Grosvenor Street, which boasts a rooftop terrace, restaurant and
private meeting rooms.
KPMG will also transfer most of its marketing department from Canary Wharf to Reading.
It is understood that around 50 roles were placed at risk of redundancy as a result of the restructure.
Known as Number Twenty, the facility was
set up only four years ago to entertain clients.
Loans and Finance
Loans and Finance
News and information about loans, money, debt, finance and business issues.
Monday, October 28, 2019
Friday, October 25, 2019
Brexit 50p Piece Production Nixed
BREAKING Sajid Javid has "postponed" production of the new Brexit 50p coins due to the likelihood that the UK will not leave the European Union next Thursday.https://t.co/dh5kbLuWrj— Christopher Hope📝 (@christopherhope) October 25, 2019
In the event any of these coins have already gone into circulation, look out for them they will be worth a mint!
Monday, October 21, 2019
The Trade War Continues
I thought Trump said they were ready to do a deal?CHINA SEEKING $2.4B IN RETALIATORY SANCTIONS VS U.S.: REUTERS— zerohedge (@zerohedge) October 21, 2019
Tuesday, October 15, 2019
Mark Carney Displays "Remarkable" Foresight!
Mark Carney tells the Treasury Select Committee that 'there will be material moves' in the value of the pound in the run up to the October 31 Brexit deadline.— Jack Maidment (@jrmaidment) October 15, 2019
He says those moves could go either way depending on events. 📈📉
Business Committee Sticking The Knife Into Thomas Cook Board
The Board saddled the company with debts that it could not afford.Business Committee hearing from the CEO, Chair, CFO, audit ctte chair and head of the remuneration committee of Thomas Cook in a sec. 👀 Live on BBC Parliament obvs— Alex Partridge 🚡 (@alexpartridge87) October 15, 2019
.@RachelReevesMP @CommonsBEIS chair: "It was not a complex business, the complexity was the debt you saddled the company with... The truth is you failed... these debts caught up with you"— Paul Kelso (@pkelso) October 15, 2019
Monday, October 14, 2019
Happy 50th Birthday To The 50p Piece
It's been 50 years of the 50p! To celebrate we look back at how things have changed since 1969: https://t.co/eGW7sbgoWG pic.twitter.com/DHOOrzuyi7— Lloyds Bank News (@LloydsBankNews) October 14, 2019
Posted by Ken Frost at 9:28 AM 0 comments
Wednesday, October 09, 2019
Hays To Buy All 555 Thomas Cook Stores
Rival buys all 555 Thomas Cook stores https://t.co/Ys6vfULk0H— BBC News (UK) (@BBCNews) October 9, 2019
ECB Ignores Risk of No Deal Brexit
ECB'S DE GUINDOS SAYS WE HAVE NOT INCLUDED IN THE BASELINE THE POSSIBILITY OF A NO-DEAL BREXIT, OR EVEN AN ESCALATION OF TRADE TENSIONS, IF THESE DOWNWARD RISKS MATERIALISE, THE GROWTH OUTLOOK WILL DETERIORATE FURTHER - RTRS— Martin Baccardax (@mdbaccardax) October 9, 2019
Posted by Ken Frost at 8:49 AM 0 comments
Thursday, October 03, 2019
Brexit Uncertainty Is Fucking Up The Economy
September UK #PMI surveys indicated the second-largest monthly fall in business activity since the global financial crisis, pointing to a second successive quarterly drop in #GDP 1/ pic.twitter.com/X8Du68hbyU— Chris Williamson (@WilliamsonChris) October 3, 2019
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