The Goldman Sachs Group, Inc. (NYSE: GS) has announced that it will expand its clean energy target to $150 billion in financings and investments by 2025 as part of its updated Environmental Policy Framework. First established in November 2005, the new framework codifies the roadmap for continued environmental progress across each of Goldman Sachs’ businesses. “Over the past […]
Around half of hedge fund firms intend to launch a new hedge fund by the end of next year and most are reporting rising assets, according to a global survey by PwC and the Alternative Investment Management Association (AIMA), the global industry body representing alternative asset managers. The report, ‘Global Hedge Fund Distribution Survey 2015: Distribution […]
Finance Monthly is pleased to announce that the official publication of its first ever Tax Awards is now available online. The 2015 Finance Monthly Tax Awards celebrate and recognise excellence across an increasingly diverse and dynamic tax industry. Each year our awards publications celebrate the individuals and firms who have excelled in their particular area […]
Finance Monthly is pleased to announce that the official publication of its annual Deal Maker Awards edition for 2015 is now available online. Finance Monthly’s Deal Maker awards acknowledge and reward excellence in corporate finance transactions completed in 2015. The Deal Maker Awards recognise corporate finance specialists, lawyers, bankers, deal transaction support, entrepreneurs, asset based […]
KPMG International announced aggregated network revenues of US$24.44 billion for the fiscal year, representing an 8.1% increase in local currency terms (up from 6.3% in the previous year). “This has been an exciting year for KPMG, as we have continued to innovate and invest at a record pace to meet rapidly changing global business demands. […]
Hermes discusses the impact of the Federal Reserve’s widely expected increase in the benchmark US rate on overall market risk, credit, multi-asset investing, and equities in the US small- and mid-cap sector, global emerging markets, Europe and Asia ex-Japan. Saker Nusseibeh, Chief Executive, Hermes Investment Management If 2015 was the financial equivalent of Waiting for […]
The escalating threat from cybercrime is set to force companies into upping the skills of their boardroom executives in 2016, a global security and risk management consulting firm has predicted. "There is a lack of specialist cyber skills in boardrooms worldwide, including Britain’s, which is likely to become increasingly clear as 2016 progresses," said Ed […]
The Government has released the review of its annual auto-enrolment thresholds (available here). Earnings trigger proposed to remain frozen at £10,000 – broadly eligible employees earning above this level are auto-enrolled. This would bring an additional 130,000 individuals into scope of being auto-enrolled, 71% of whom are women. Estimated further £23 million of pension savings […]
Last week South African President Jacob Zuma sacked Finance Minister Nhlanhla Nene in a widely-criticised move that sent the rand to record lows and caused the stock market to tumble. Mr. Nene was replaced by David van Rooyen, who will now be replaced by Pravin Gordhan. Mr. Van Rooyen was in the role for less […]
UK retail sales decreased 0.4% on a like-for-like basis from November 2014, when they had increased 0.9% from the preceding year. On a total basis, sales were up 0.7%, against a 2.2% rise in November 2014. Adjusted for the BRC-Nielsen Shop Price Index deflation, total growth was 2.2%. Total growth was below the 3-month average […]
Retailers could be missing out on crucial Christmas trading if they’re not able to offer card payments, new research from EE reveals. Four in five (80%) shoppers in the UK expect to be able to pay for goods using their credit or debit cards, but a quarter (25%) have been forced to abandon transactions due […]
Contractors in the financial services sector are in for a bumper Christmas as they’re set to see an increase in both rates and opportunities, according to giant group. The specialist service provider’s latest analysis of its contractor database found that these types of professionals expect an increase in both financial reward and opportunities over the […]
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