The Times is a British daily national newspaper based in London. It began in 1785 under the title The Daily Universal Register, adopting its current name on 1 January 1788; the Times and its sister paper The Sunday Times are published by Times Newspapers, since 1981 a subsidiary of News UK, itself wholly owned by News Corp. The Times and The Sunday Times do not share editorial staff, were founded independently, have only had common ownership since 1967. In 1959, the historian of journalism Allan Nevins analysed the importance of The Times in shaping the views of events of London's elite: For much more than a century The Times has been an integral and important part of the political structure of Great Britain, its news and its editorial comment have in general been coordinated, have at most times been handled with an earnest sense of responsibility. While the paper has admitted some trivia to its columns, its whole emphasis has been on important public affairs treated with an eye to the best interests of Britain.
To guide this treatment, the editors have for long periods been in close touch with 10 Downing Street. The Times is the first newspaper to have borne that name, lending it to numerous other papers around the world, such as The Times of India and The New York Times. In countries where these other titles are popular, the newspaper is referred to as The London Times or The Times of London, although the newspaper is of national scope and distribution; the Times is the originator of the used Times Roman typeface developed by Stanley Morison of The Times in collaboration with the Monotype Corporation for its legibility in low-tech printing. In November 2006 The Times began printing headlines in Times Modern; the Times was printed in broadsheet format for 219 years, but switched to compact size in 2004 in an attempt to appeal more to younger readers and commuters using public transport. The Sunday Times remains a broadsheet; the Times had an average daily circulation of 417,298 in January 2019. An American edition of The Times has been published since 6 June 2006.
It has been used by scholars and researchers because of its widespread availability in libraries and its detailed index. A complete historical file of the digitised paper, up to 2010, is online from Gale Cengage Learning; the Times was founded by publisher John Walter on 1 January 1785 as The Daily Universal Register, with Walter in the role of editor. Walter had lost his job by the end of 1784 after the insurance company where he worked went bankrupt due to losses from a Jamaican hurricane. Unemployed, Walter began a new business venture. Henry Johnson had invented the logography, a new typography, reputedly faster and more precise. Walter bought the logography's patent and with it opened a printing house to produce a daily advertising sheet; the first publication of the newspaper The Daily Universal Register in Great Britain was 1 January 1785. Unhappy because the word Universal was omitted from the name, Walter changed the title after 940 editions on 1 January 1788 to The Times. In 1803, Walter handed editorship to his son of the same name.
In spite of Walter Sr's sixteen-month stay in Newgate Prison for libel printed in The Times, his pioneering efforts to obtain Continental news from France, helped build the paper's reputation among policy makers and financiers. The Times used contributions from significant figures in the fields of politics, science and the arts to build its reputation. For much of its early life, the profits of The Times were large and the competition minimal, so it could pay far better than its rivals for information or writers. Beginning in 1814, the paper was printed on the new steam-driven cylinder press developed by Friedrich Koenig. In 1815, The Times had a circulation of 5,000. Thomas Barnes was appointed general editor in 1817. In the same year, the paper's printer James Lawson and passed the business onto his son John Joseph Lawson. Under the editorship of Barnes and his successor in 1841, John Thadeus Delane, the influence of The Times rose to great heights in politics and amongst the City of London.
Peter Fraser and Edward Sterling were two noted journalists, gained for The Times the pompous/satirical nickname'The Thunderer'. The increased circulation and influence of the paper was based in part to its early adoption of the steam-driven rotary printing press. Distribution via steam trains to growing concentrations of urban populations helped ensure the profitability of the paper and its growing influence; the Times was the first newspaper to send war correspondents to cover particular conflicts. W. H. Russell, the paper's correspondent with the army in the Crimean War, was immensely influential with his dispatches back to England. In other events of the nineteenth century, The Times opposed the repeal of the Corn Laws until the number of demonstrations convinced the editorial board otherwise, only reluctantly supported aid to victims of the Irish Potato Famine, it enthusiastically supported the Great Reform Bill of 1832, which reduced corruption and increased the electorate from 400,000 people to 800,000 people.
During the American Civil War, The Times represented the view of the wealthy classes, favouring the secessionists, but it was not a supporter of slavery. The third John Walter, the founder's grandson, succeeded his father in 1847; the paper continued as more or less independent, but from t
The British Army is the principal land warfare force of the United Kingdom, a part of British Armed Forces. As of 2018, the British Army comprises just over 81,500 trained regular personnel and just over 27,000 trained reserve personnel; the modern British Army traces back to 1707, with an antecedent in the English Army, created during the Restoration in 1660. The term British Army was adopted in 1707 after the Acts of Union between Scotland. Although all members of the British Army are expected to swear allegiance to Elizabeth II as their commander-in-chief, the Bill of Rights of 1689 requires parliamentary consent for the Crown to maintain a peacetime standing army. Therefore, Parliament approves the army by passing an Armed Forces Act at least once every five years; the army is commanded by the Chief of the General Staff. The British Army has seen action in major wars between the world's great powers, including the Seven Years' War, the Napoleonic Wars, the Crimean War and the First and Second World Wars.
Britain's victories in these decisive wars allowed it to influence world events and establish itself as one of the world's leading military and economic powers. Since the end of the Cold War, the British Army has been deployed to a number of conflict zones as part of an expeditionary force, a coalition force or part of a United Nations peacekeeping operation; until the English Civil War, England never had a standing army with professional officers and careerist corporals and sergeants. It relied on militia organized by local officials, or private forces mobilized by the nobility, or on hired mercenaries from Europe. From the Middle Ages until the English Civil War, when a foreign expeditionary force was needed, such as the one that Henry V of England took to France and that fought at the Battle of Agincourt, the army, a professional one, was raised for the duration of the expedition. During the English Civil War, the members of the Long Parliament realised that the use of county militia organised into regional associations commanded by local members of parliament, while more than able to hold their own in the regions which Parliamentarians controlled, were unlikely to win the war.
So Parliament initiated two actions. The Self-denying Ordinance, with the notable exception of Oliver Cromwell, forbade members of parliament from serving as officers in the Parliamentary armies; this created a distinction between the civilians in Parliament, who tended to be Presbyterian and conciliatory to the Royalists in nature, a corps of professional officers, who tended to Independent politics, to whom they reported. The second action was legislation for the creation of a Parliamentary-funded army, commanded by Lord General Thomas Fairfax, which became known as the New Model Army. While this proved to be a war winning formula, the New Model Army, being organized and politically active, went on to dominate the politics of the Interregnum and by 1660 was disliked; the New Model Army was paid off and disbanded at the Restoration of the monarchy in 1660. For many decades the excesses of the New Model Army under the Protectorate of Oliver Cromwell was a horror story and the Whig element recoiled from allowing a standing army.
The militia acts of 1661 and 1662 prevented local authorities from calling up militia and oppressing their own local opponents. Calling up the militia was possible only if the king and local elites agreed to do so. Charles II and his Cavalier supporters favoured a new army under royal control; the first English Army regiments, including elements of the disbanded New Model Army, were formed between November 1660 and January 1661 and became a standing military force for Britain. The Royal Scots and Irish Armies were financed by the parliaments of Ireland. Parliamentary control was established by the Bill of Rights 1689 and Claim of Right Act 1689, although the monarch continued to influence aspects of army administration until at least the end of the nineteenth century. After the Restoration Charles II pulled together four regiments of infantry and cavalry, calling them his guards, at a cost of £122,000 from his general budget; this became the foundation of the permanent English Army. By 1685 it had grown to 7,500 soldiers in marching regiments, 1,400 men permanently stationed in garrisons.
A rebellion in 1685 allowed James II to raise the forces to 20,000 men. There were 37,000 in 1678. After William and Mary's accession to the throne England involved itself in the War of the Grand Alliance to prevent a French invasion restoring James II. In 1689, William III expanded the army to 74,000, to 94,000 in 1694. Parliament was nervous, reduced the cadre to 7000 in 1697. Scotland and Ireland had theoretically separate military establishments, but they were unofficially merged with the English force. By the time of the 1707 Acts of Union, many regiments of the English and Scottish armies were combined under one operational command and stationed in the Netherlands for the War of the Spanish Succession. Although all the regiments were now part of the new British military establishment, they remained under the old operational-command structure and retained much of the institutional ethos and traditions of the standing armies created shortly after the restoration of the monarchy 47 years earlier.
The order of seniority of the most-senior British Army line regiments is based on that of the English army
The Daily Express is a daily national middle-market tabloid newspaper in the United Kingdom. It is the flagship of a subsidiary of Northern & Shell, it was first published as a broadsheet in 1900 by Sir Arthur Pearson. Its sister paper, the Sunday Express, was launched in 1918. In February 2019, it had an average daily circulation of 315,142; the paper was acquired by Richard Desmond in 2000. Hugh Whittow was the editor from February 2011 until he retired in March 2018. Gary Jones took over as editor-in-chief in March 2018; the paper's editorial stances have been seen as aligned to the UK Independence Party and other right-wing factions including the right-wing of the Conservative Party. On 9 February 2018, Trinity Mirror said it would acquire the Daily Express' parent company and Shell Media, in a deal worth £126.7m. In addition to its sister paper, Express Newspapers publishes the red top newspapers the Daily Star and Daily Star Sunday; the Daily Express was founded in 1900 by Sir Arthur Pearson, with the first issue appearing on 24 April 1900.
Pearson, who had lost his sight to glaucoma in 1913, sold the title to the future Lord Beaverbrook in 1916. It was one of the first papers to place news instead of advertisements on its front page, carried gossip and women's features, it was the first in Britain to have a crossword puzzle. The Express began printing in Manchester in 1927. In 1931 it moved to 120 a specially commissioned art deco building. Under Beaverbrook, the paper set, its success was due to aggressive marketing campaign and a circulation war with other populist newspapers. Arthur Christiansen became editor in October 1933. Under his direction sales climbed from two million in 1936 to four million in 1949, he retired in 1957. The paper featured Alfred Bestall's Rupert Bear cartoon and satirical cartoons by Carl Giles which it began publishing in the 1940s. On 24 March 1933, "Judea Declares War on Germany", was published. During the late 1930s, the paper advocated the appeasement policies of the Chamberlain government, due to the influence of Lord Beaverbrook.
The ruralist author Henry Williamson wrote for the paper on many occasions for half a century the whole of his career. He wrote for the Sunday Express at the beginning of his career. In 1938, the publication moved to the Daily Express Building, Manchester designed by Owen Williams on the same site in Great Ancoats Street, it opened a similar building in Glasgow in 1936 in Albion Street. Glasgow printing ended in Manchester in 1989 on the company's own presses. Johnston Press has a five-year deal, begun in March 2015, to print the northern editions of the Daily Express, Daily Star, Sunday Express and the Daily Star Sunday at its Dinnington site in Sheffield; the Scottish edition is printed by facsimile in Glasgow by contract printers, the London editions at Westferry Printers. In March 1962, Beaverbrook was attacked in the House of Commons for running "a sustained vendetta" against the British Royal Family in the Express titles. In the same month, the Duke of Edinburgh described the Express as "a bloody awful newspaper.
It is full of lies and imagination. It is a vicious paper." At the height of Beaverbrook's control, in 1948, he told a Royal Commission on the press that he ran his papers "purely for the purpose of making propaganda". The arrival of television, the public's changing interests, took their toll on circulation, following Beaverbrook's death in 1964, the paper's circulation declined for several years. During this period, the Express alone among mainstream newspapers, was vehemently opposed to entry into what became the European Economic Community; as a result of the rejuvenation of the Daily Mail under David English and the emergence of The Sun under Rupert Murdoch and editorship of Larry Lamb, average daily sales of the Express dropped below four million in 1967, below three million in 1975, below two million in 1984. The Daily Express switched from broadsheet to tabloid in 1977, was bought by the construction company Trafalgar House in the same year, its publishing company, Beaverbrook Newspapers, was renamed Express Newspapers.
In 1982, Trafalgar House spun off its publishing interests to a new company, Fleet Holdings, under Lord Matthews, but this succumbed to a hostile takeover by United Newspapers in 1985. Under United, the Express titles moved from Fleet Street to Blackfriars Road in 1989. Express Newspapers was sold to publisher Richard Desmond in 2000, the names of the newspapers reverted to Daily Express and Sunday Express. In 2004, the newspaper moved to its present location on Lower Thames Street in the City of London. On 31 October 2005, UK Media Group Entertainment Rights secured majority interest from the Daily Express for Rupert Bear, they paid £6 million for a 66.6% control of the character. The Express retains minority interest of one-third plus the right to publish Rupert Bear stories in certain Express publications. In 2000, Express Newspapers was bought by Richard Desmond, publisher of celebrity magazine OK!, for £125 million. Controversy surrounded the deal since Desmond owned softcore pornography magazines.
As a result, many staff left, including columnist Peter Hitchens. Hitchens moved to The Mail on Sunday, saying working for the new owner was a moral conflict of interest since he had always attacked the pornographic magazines that Desmond published. Despite their divergent politics, Desmond respected Hitchens. In 2007, Express Newspape
Motorsport Network is an international media and technology company headquartered in Miami, FL and London, UK. The company's proprietary brands and television operations focus on motor racing and consumer automotive content; the held business was founded in 2015 with the acquisition of Motorsport.com and now operates a portfolio of international digital, print, e-commerce & event businesses. Motorsport Network was formed in 2015 and has grown through acquisition, start-up and organic growth and now operates an array of motorsport & automotive digital brands across multiple local editions in 17 languages. Following the acquisition of Motorsport.com, the company established its headquarters in Miami in 2015 and launched Motorstore.com, an e-commerce platform in April 2016. The same year, Motorsport Network acquired its major competitor, the Haymarket Publishing portfolio of motor racing brands, including the renowned Autosport businesses that were established in 1950; the company opened an automotive division with the creation of the Motor1.com brand that subsequently has been supplemented by the creation or acquisition of a number of other motoring platforms including Autoclassics.com, FerrariChat.com, InsideEVs.com and MotorGT.com.
In early 2017, Motorsport Network took an undisclosed ownership interest in the electric city racing series, Formula E, with its Chairman Zak Brown stating at the CES Show in Las Vegas that there was a ‘discernible trend among our digital motorsport audiences to consume the racing content from Formula E and this has underwritten our decision to invest in the series. In May 2017, Motorsport Network conducted a multi-lingual Global Fan Survey of Formula One, reputed to be the world's largest fan survey of any sport, with over 200,000 respondents. In 2018, the executive team was strengthened by the appointment of James Allen the Financial Times' Formula 1 correspondent and network commentator with UK broadcaster, ITV as the President of its EMEA operations. Allen's appointment coincided with the establishment of a European headquarters in London. Allen was subsequently promoted to the position of global President in September 2018. In May 2018, Motorsport Network announced its expansion into the ticketing and race travel sector with the acquisition of BookF1.com, latterly the Dutch ticket and travel operator, SportStadion.
In June of the same year, Motorsport Network announced that it was entering the betting market with the launch of its Motorsport Betting business and the Pit Stop Betting app in the Apple Store and Google Play. In June, the company confirmed that it had established an esports joint venture with the ACO, the promoter of the Le Mans 24hrs. Motorsport Network businesses are divided into two categories of Automotive; the primary businesses are noted below Motorsport.com Motorsport.com is Motorsport Network's flagship property and the #1 global motorsport website operated across in 17 languages and 21 national editions. The platform reports across all forms of international and national motorsport including Formula 1, MotoGP, NASCAR & IndyCar on a rolling 24/7 basis, powered by a multi-edition CMS that aggregates & localizes and aggregating news, video and results. Founded in 1994, the platform has been the cornerstone of Motorsport Network and was acquired by the business in 2012. Current Motorsport.com editions include: USA, India, Germany, Ukraine, LatAm, Australia, Middle East, China, Russia, Japan, Turkey, Hungary & Indonesia.
Autosport.com Autosport.com is the leading English language website covering international motorsport. Headquartered in Richmond and led by editor Glenn Freeman, the website is a digital evolution of the weekly motorsport magazine, founded in 1950; the website reports on a broad range of international motorsport from Formula One to two-wheeled series including MotoGP and WSB and the brand is known for its authoritative primary source journalism, with staff journalists covering the sport from trackside locations round the world. Autosport.com formed part of Motorsport Network's acquisition of Haymarket Media Group's motorsport businesses in November 2016. Autosport Magazine Founded in 1950, Autosport Magazine has been in continuous weekly publication since 25 August 1950, covering all aspects of international motorsport including Formula One since the championship's inception 68 years ago. Kevin Turner is Autosport's 18th editor and has held the post since May 2016. Autosport Awards In a tradition that spans 35 years, The Autosport Awards is an end of season awards ceremony.
Hosted at the Grosvenor House Hotel in London, the black tie event has played host to drivers ranging from Ayrton Senna, Lewis Hamilton and Sebastian Vettel to Sir Stirling Moss and John McGuinness. Autosport International Autosport International is Europe's biggest trade and consumer motorsport show. Hosted at Birmingham's NEC since 1991, the event attracts 95,000 visitors and 600 exhibitors, focusing on trade before opening to the public with a 5,000 seat Live Action Arena. F1 Racing Magazine The F1 Racing brand has been built from a foundation of its premium monthly print title, the only magazine licensed by Formula 1. Established in 1996 and published in 10 languages and 14 editions, F1 Racing today has a growing digital footprint in addition to its international circulation of 80,000 copies per month. F1 Racing's Editor-in-Chief is Anthony Rowlinson. Motorsport.tv Motorsport.tv is an international television broadcast network and OTT platform available in 27m homes in 6 languages in 42 countries and as such, is the world's largest specialist broadcaster of motorsport.
In 2016 Motorsport.com acquired French pan-european TV-station Motors TV afte
FourFourTwo is a football magazine published by Future. Issued monthly, it published its 200th edition in February 2011, it takes its name from the football formation of the same name, 4-4-2. In 2008, it was announced that FourFourTwo had entered into a three-year shirt sponsorship deal with Swindon Town, which commenced in the 2008–09 season. Although based in the United Kingdom, the magazine is available in 16 other languages; the following people are amongst the regular contributors to FourFourTwo: Uli Hesse James Horncastle Martin Mazur Michael Cox James Richardson, who presents the European Football Show on BT Sport and Football Italia on Channel 4, who used to give his views on Italian football before being replaced. Henry Winter — Leading football journalist. Brian Clough — Ex-player and manager, until his death in 2004. Bobby Robson — Ex-player and manager who replaced Brian Clough. Stan Bowles — The ex-Queens Park Rangers and England player, who wrote an anecdotal column. Robbie Savage — The former Wales midfielder, who wrote about the game from a current Premiership footballer's perspective.
Sam Allardyce — Ex-Newcastle United manager who answered readers' questions. David Platt — who wrote columns discussing tactics for particular matches or teams. Michel Salgado, footballer of Real Madrid and Blackburn Rovers. Arsène Wenger — Arsenal manager. FourFourTwo's 5-a-side "guru", questioned by two people every month and gives tips on the 5-a-side game. Diego Forlán, International striker; the Player, a mystery columnist, with an article each month. His anonymity allows him to write about the unseen aspects of football - drink, mistresses, etc.. Notable editors of FourFourTwo have included Hugh Sleight and Hitesh Ratna; the founding editor was Karen Buchanan. The magazine is split up in the following sections: Upfront, Action Replay and The Mixer. FourFourTwo has a number of annual awards. In 2007, the magazine put together its first FFT100, a list of the 100 best footballers in the world - according to them. At the end of the 2012–13 Premier League season, FourFourTwo announced its first Stats Zone Awards.
In May 2015, the inaugural list of the 50 best Asian players in world football was announced. They do a top 50 of players from the Football League. Australian edition - FourFourTwo launched an Australian edition in October 2005, to coincide with the new A-League; the launch publicity ran with the tagline of "It's footy, but not as you know it," a reference to the popularity of Australian rules football and rugby league and the fact that association football is referred to as soccer in Australia. This referred to the launch slogan of the A-League: "It's football, but not as you know it" — part of the work Football Australia is doing to rebrand and relaunch the game. Further to this, the first edition's frontpage contained the motto "Goodbye Soccer, Hello Football." The current editor is Kevin Airs. The magazine closed in August 2018. Brazilian edition - First published in 2009, by Brazilian publishing company Cadiz. Bulgarian edition - First published in April 2010, having pre-World Cup information about the England national football team and coach Fabio Capello for its cover story.
Croatian edition - First published in October 2010. Dutch edition - First published in November 2018, by F&L Media Egyptian edition - First published in June 2010, by Egyptian publishing company Omedia. Hungarian edition - First published in March 2010. Indonesian edition - First published in 2009, by PT Tunas Bola. Italian edition - First published in December 2013. Editor Xavier Jacobelli. Korean edition - First published in June 2007, by Korean publishing company MediaWill. Articles on domestic football take up about half of the 190-pages. Malaysian/Singapore edition - In 2009, Measat publications took over the license of the Malaysian edition, on sale in Singapore. On 11 August 2009, a weekly FourFourTwo TV Show began on affiliated television station, Astro SuperSport, hosted by former ESPN anchor Jason Dasey. There are now two weekly editions: FourFourTwo EuroZone and FourFourTwo EuroGoals, as well as a monthly version, FourFourTwo Performance. Nigerian edition - First published in 2006, relaunched May 2008 with Samm Audu as the editor.
It is the biggest-selling soccer magazine in West Africa. It sells in South Africa. Polish edition - First published in May 2010, by Arskom Group. Portuguese edition - First published in November 2013, by the company'Goody S. A.'. Swedish edition - First published in April 2008. Thai edition - First published in November 2009, by Plus One Media Co. Ltd. on 3rd day of the month. Now, FourFourTwo are published by Siam Sport Syndicate Co. Ltd, on early of the month. Turkish edition - First published in April 2006. Vietnamese edition - First published in May 2010. Official website Hungarian edition FourFourTwo on Twitter Turkish edition Australian edition Portuguese edition Swedish edition Thai edition UK Subscription Site
KPMG is a professional service company and one of the Big Four auditors, along with Deloitte, Ernst & Young, PricewaterhouseCoopers. Seated in Amstelveen, the Netherlands, KPMG employs 207,050 people and has three lines of services: financial audit and advisory, its tax and advisory services are further divided into various service groups. The name "KPMG" stands for "Klynveld Peat Marwick Goerdeler." It was chosen when KMG merged with Peat Marwick in 1987. The organization's history has spanned three centuries. In 1818 John Moxham opened a company in Bristol. James Grace and James Grace Jr. bought John Moxham & Co. and renamed it James Grace & Son in 1857. In 1861 Henry Grace joined the company was renamed James & Henry Grace. William Barclay Peat joined Robert Fletcher & Co. in London at 17 and became head of the firm in 1891, renamed William Barclay Peat & Co. by then. In 1877 Thomson McLintock founded Thomson Co in Glasgow. In 1897 Marwick Mitchell & Co. was founded by Roger Mitchell in New York City.
In 1899 Ferdinand William LaFrentz founded the American Audit Co. in New York. In 1923 The American Audit Company was renamed FW Co.. In about 1913, Frank Wilber Main founded Co. in Pittsburgh. In March 1917 Piet Klijnveld and Jaap Kraayenhof opened an accounting firm called Klynveld Kraayenhof & Co. in Amsterdam. In 1925 William Barclay Peat & Co. and Marwick Mitchell & Co. merged to form Peat Marwick Mitchell. In 1963 Main LaFrentz & Co was formed by the merger of FW LaFrentz & Co.. In 1969 Thomson McLintock and Main LaFrentz merged forming McLintock Main LaFrentz International and McLintock Main LaFrentz International absorbed the general practice of Grace, Ryland & Co. In 1979 Klynveld Kraayenhof & Co. McLintock Main LaFrentz and Deutsche Treuhandgesellschaft formed KMG as a grouping of independent national practices to create a strong European-based international firm. Deutsche Treuhandgesellschaft CEO Reinhard Goerdeler became the first CEO of KMG. In the United States, Main Lafrentz & Co. merged with Hurdman and Cranstoun to form Main Hurdman & Cranstoun.
In 1987 KMG and Peat Marwick joined forces in the first mega-merger of large accounting firms and formed a firm called KPMG in the US, most of the rest of the world, Peat Marwick McLintock in the UK. In the Netherlands, as a consequence of the merger between PMI and KMG in 1988, PMI tax advisors joined Meijburg & Co.. Today, the Netherlands is the only country with two members of KPMG International: KPMG Audit and Meijburg & Co. In 1991 the firm was renamed KPMG Peat Marwick, in 1999 the name was reduced again to KPMG. In October 1997, KPMG and Ernst & Young announced. However, while the merger to form PricewaterhouseCoopers was granted regulatory approval, the KPMG/Ernst & Young tie-up was abandoned. In 2001 KPMG divested its U. S. consulting firm through an initial public offering of KPMG Consulting Inc, now called BearingPoint, Inc. In early 2009, BearingPoint filed for Chapter 11 bankruptcy protection; the UK and Dutch consulting arms were sold to Atos Origin in 2002. In 2003 KPMG divested itself of its legal arm, Klegal and KPMG LLP sold its Dispute Advisory Services to FTI Consulting.
KPMG's member firms in the United Kingdom, Germany and Liechtenstein merged to form KPMG Europe LLP in October 2007. These member firms were followed by Spain, the Netherlands, Luxembourg, CIS, Turkey and Saudi Arabia, they appointed John Griffith-Jones and Ralf Nonnenmacher. Each national KPMG firm is an independent legal entity and is a member of KPMG International Cooperative, a Swiss entity registered in the Swiss Canton of Zug. KPMG International changed its legal structure from a Swiss Verein to a co-operative under Swiss law in 2003; this structure in which the Cooperative provides support services only to the member firms is similar to other professional services networks. The member firms provide the services to client; the purpose is to limit the liability of each independent member. Bill Thomas is KPMG's Global Chairman, he was Senior Partner and CEO of KPMG LLP, the KPMG member firm in Canada. Some KPMG member firms are registered as multidisciplinary entities which provide legal services in certain jurisdictions.
In India, regulations do not permit foreign auditing firms to operate. Hence KPMG carries out audits in India under the name of BSR & Co, an auditing firm that it bought off. B. S. R & Co was an auditing firm founded by B. S. Raut in Mumbai. In 1992, after India was forced to liberalise as one of the conditions of the world bank and IMF bail out, KPMG was granted a license to operate in India as an investment bank, it subsequently purchased B. S. R & Co and conducts audits in India under the name of this firm. KPMG is organised into the following three service lines: Audit Advisory Tax Tax arrangements relating to tax avoidance and multinational corporations and Luxembourg which were negotiated by KPMG became public in 2014 in the so-called Luxembourg Leaks. In March 2017 KPMG launched a campaign designed to encourage more women to pursue careers in technology-based professions; the US branch of KPMG was rated one of the top 10 companies for working mothers. It was also
The Financial Times is an English-language international daily newspaper owned by Nikkei Inc, headquartered in London, with a special emphasis on business and economic news. The paper was founded in 1888 by James Sheridan and Horatio Bottomley, merged in 1945 with its closest rival, the Financial News; the Financial Times has over 740,000 digital subscribers. On 23 July 2015, Nikkei Inc. agreed to buy the Financial Times from Pearson for £844m and the acquisition was completed on 30 November 2015. The FT was launched as the London Financial Guide on 10 January 1888, renaming itself the Financial Times on 13 February the same year. Describing itself as the friend of "The Honest Financier, the Bona Fide Investor, the Respectable Broker, the Genuine Director, the Legitimate Speculator", it was a four-page journal; the readership was the financial community of the City of London, its only rival being the older and more daring Financial News. On 2 January 1893 the FT began printing on light salmon-pink paper to distinguish it from the named Financial News: at the time it was cheaper to print on unbleached paper, but nowadays it is more expensive as the paper has to be dyed specially.
After 57 years of rivalry the Financial Times and the Financial News were merged in 1945 by Brendan Bracken to form a single six-page newspaper. The Financial Times brought a higher circulation while the Financial News provided much of the editorial talent; the Lex column was introduced from Financial News. Pearson bought the paper in 1957. Over the years the paper grew in size and breadth of coverage, it established correspondents in cities around the world, reflecting a renewed impetus in the world economy towards globalisation. As cross-border trade and capital flows increased during the 1970s, the FT began international expansion, facilitated by developments in technology and the growing acceptance of English as the international language of business. On 1 January 1979 the first FT was printed in Frankfurt. Since with increased international coverage, the FT has become a global newspaper, printed in 22 locations with five international editions to serve the UK, continental Europe, the U. S.
Asia and the Middle East. The European edition is distributed in continental Africa, it is printed Monday to Saturday at five centres across Europe reporting on matters concerning the European Union, the Euro and European corporate affairs. In 1994 FT launched a luxury lifestyle magazine. In 2009 it launched a standalone website for the magazine. On 13 May 1995 the Financial Times group made its first foray into the online world with the launch of FT.com. This provided a summary of news from around the globe, supplemented in February 1996 with stock price coverage; the site was funded by advertising and contributed to the online advertising market in the UK in the late 1990s. Between 1997 and 2000 the site underwent several revamps and changes of strategy, as the FT Group and Pearson reacted to changes online. FT introduced subscription services in 2002. FT.com is one of the few UK news sites funded by individual subscription. In 1997 the FT launched a U. S. edition, printed in New York, Los Angeles, San Francisco, Atlanta and Washington, D.
C. although the newspaper was first printed outside New York City in 1985. In September 1998 the FT became the first UK-based newspaper to sell more copies internationally than within the UK. In 2000 the Financial Times started publishing a German-language edition, Financial Times Deutschland, with a news and editorial team based in Hamburg, its initial circulation in 2003 was 90,000. It was a joint venture with a German publishing firm, Gruner + Jahr. In January 2008 the FT sold its 50% stake to its German partner. FT Deutschland never made a profit and is said to have accumulated losses of €250 million over 12 years, it closed on 7 December 2012. The Financial Times launched a new weekly supplement for the fund management industry on 4 February 2002. FT fund management was and still is distributed with the paper every Monday. FTfm is the world's largest-circulation fund management title. Since 2005 the FT has sponsored the annual"Financial Times" and Goldman Sachs Business Book of the Year Award.
On 23 April 2007 the FT unveiled a "refreshed" version of the newspaper and introduced a new slogan, "We Live in Financial Times."In 2007 the FT pioneered a metered paywall, which lets visitors to its site read a limited number of free articles during any one month before asking them to pay. Four years the FT launched its HTML5 mobile internet app. Smartphones and tablets now drive 19 % of traffic to FT.com. In 2012 the number of digital subscribers surpassed the circulation of the newspaper for the first time and the FT drew half of its revenue from subscriptions rather than advertising. Since 2010 the FT has been available on Bloomberg Terminal. Since 2013 the FT has been available on Wisers platform. In 2016, the Financial Times acquired a controlling stake in Alpha Grid, a London-based media company specialising in the development and production of quality branded content across a range of channels, including broadcast, digital and events. In 2018, the Financial Times acquired a controlling stake in Longitude, a specialist provider of thought leadership and research services to a multinational corporate and institutional client base.
This investment builds on the Financial Times’ recent growth in sev