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29th December, 2006
Personal insolvencies top 100,000 in 2006
In 2006 a record £1.4 billion was written off as a result of individual voluntary arrangements, according to research by KPMG
The average consumer entering an IVA owes £52,000
It is twenty years since the IVA was introduced on 29 December 1986
Creditors face writing off at least £1.4 billion in bad debts as a result of the number of people who have entered into Individual Voluntary Arrangements over the last year, according to data analysed by professional services firm KPMG ...
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21st December, 2006
London businesses support Mayor's proposals for c02 emissions targets - CBI/KPMG survey
Businesses in London are increasingly concerned about climate change and many would back carbon emissions targets for the capital, according to a new survey of employers by the CBI and KPMG released today (Monday) ...
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20th December, 2006
FTSE 350 risk ceding superior future growth to private equity houses
New research from KPMG Corporate Finance shows that, contrary to the consensus view, the FTSE350 has the necessary financial advantage to out manoeuvre private equity companies in acquisition situations ...
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20th December, 2006
Narrative reporting holds key to analysts’ rating of oil and gas firms
Oil and gas companies are coming under increasing pressure to improve the standard of their narrative reporting after a survey today showed that nearly 50% of oil and gas analysts would change their rating of a company, based on the material provided in these new style narrative financial reports ...
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18th December, 2006
Country conventions dominate in application of IFRS, KPMG study shows
A major study by the KPMG International Financial Reporting Group (IFRG) of nearly 200 companies in 16 countries has found that approaches taken in the application of International Financial Reporting Standards (IFRSs) are influenced primarily by a company’s country of domicile and its previous national accounting standards, rather than by its industry ...
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18th December, 2006
While less optimistic, the ICT sector looks set to continue to grow
Confidence in the business outlook among the Information, Communications and Technology (ICT) industries has waned slightly over the last six months, according to the second KPMG/Intellect survey, due to less growth in public sector spending and export sales, than previously expected ...
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15th December, 2006
Problems emerge for online retailers in Christmas countdown
Despite the growth in online retail, many UK shoppers remain reluctant to undertake their food and drink shopping online – with that reluctance becoming even more entrenched at Christmas time, says a survey out today ...
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15th December, 2006
Administrators appointed to Olan Mills Ltd
Myles Halley and Richard Philpott of accountancy firm KPMG LLP have been appointed Joint Administrators of the photographic studio chain Olan Mills Ltd.
The Wellingborough-based firm employs around 950 people across the UK ...
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14th December, 2006
Employment growth accelerated in November, while pay pressures strengthened
November’s Report on Jobs survey signalled that permanent staff placements rose at the fastest rate for thirty-two months, while growth of temp billings hit a three-month high. Employment was driven up by strengthened demand for staff, and competition for talent resulted in increased inflation of wages and salaries ...
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14th December, 2006
European Court of Justice brings Christmas cheer to the fund management industry
Court rules that “withholding tax” breaches EU law Potential rebates likely to run into hundreds of millions of pounds
Investment funds and multinationals with pan-European investments may see their tax bills reduced by hundreds of millions of pounds ...
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