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200 UK advisory roles to go

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200 UK advisory roles to go

KPMG has confirmed it will make about 200 roles redundant in its UK advisory division over the coming weeks, citing “low levels of attrition” among the reasons for the cuts.

The reductions account for about 4 per cent of the firm’s UK advisory workforce and will affect all pay grades. A consultation to determine who will go is under way, with affected staff likely to depart next month.

A spokeswoman for KPMG said: “To respond to these market dynamics combined with low levels of attrition, we are proposing reductions in some of our advisory client-facing teams and will support our colleagues throughout this process.”

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She said the firm was also acting “to make sure we have the right skills in place to best serve our clients”.

Client spending on consultants falls

The cuts come as corporate clients rein in their spending on consultants against a backdrop of trade wars, real wars, sluggish economic growth and persistent inflation.

Revenues in KPMG’s advisory business declined by 3 per cent in its most recent financial year. Deloitte, EY and PwC also reported contractions in their consulting businesses.

A few years ago, during the post-lockdown Great Resignation, the large accounting and consulting firms were competing to retain staff, but the backdrop has changed dramatically since then.

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Firms in the sector would normally respond to a smaller pipeline of work by not replacing staff who leave. With hiring across the industry having slowed sharply, however, fewer people are resigning, and firms are instead making redundancies.

KPMG is not the only Big Four firm to point to staff turnover. This summer, Deloitte also blamed low attrition rates for its decision to cut about 175 roles from its UK workforce.

Recruitment at the entry level had already been scaled back. Business Matters reported last year that the Big Four had cut graduate hiring over two years, with KPMG making the steepest reduction, from 1,399 graduates to 942, a fall of 33 per cent.

Skills and artificial intelligence

It is widely accepted in the industry that the rapid adoption of artificial intelligence means the future workforce will need different skills, particularly softer skills.

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The same Business Matters report noted that AI tools were automating tasks traditionally given to junior analysts, and that all four firms were increasing offshoring to countries including India, Malaysia and the Philippines.

Headcount and partner pay

KPMG employed more than 17,000 staff in the UK during the pandemic. That figure has fallen to about 15,800, and the firm has shed about 1,000 jobs so far this year.

Jon Holt, KPMG’s UK senior partner, has prioritised cost cutting to improve profitability and raise partner pay, which had lagged behind the firm’s rivals for many years.

Last year the average KPMG partner in the UK was paid £880,000. That meant KPMG partners received more than their counterparts at PwC and EY for the first time in more than a decade.

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The latest round of redundancies adds to earlier reductions at the firm this year. The consultation now under way will determine which roles in the advisory client-facing teams are removed, with KPMG saying it will support colleagues throughout the process.

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Kilroy Realty at BofA NY Global Real Estate Conference 2026: leasing momentum builds

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Kilroy Realty at BofA NY Global Real Estate Conference 2026: leasing momentum builds

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Happy Hens organic eggs recalled after salmonella sickens 23 people

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Happy Hens organic eggs recalled after salmonella sickens 23 people

California health officials are urging consumers not to eat recalled organic eggs after a salmonella outbreak sickened 23 people and hospitalized seven.

The California Department of Public Health (CDPH) announced last week that the outbreak has been linked to Happy Hens brand organic eggs produced at the company’s Ramona, California, farm. The company voluntarily recalled the eggs on Sept. 8.

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“Consumers should throw away recalled eggs or return to place of purchase for a refund. Consumers should contact their healthcare provider if they become sick with symptoms of Salmonella infection within 7 days of eating this product,” CDPH said.

POPULAR SO DELICIOUS FROZEN DESSERT RECALLED OVER POSSIBLE STONE CONTAMINATION

Eggs in a carton

California health officials are urging consumers not to eat recalled organic eggs after a Salmonella outbreak sickened 23 people and hospitalized seven. (iStock)

As of Sept. 8, the outbreak had sickened 23 California residents, sending seven people to the hospital. No deaths have been reported.

“Because this outbreak is considered ongoing, additional recent illnesses linked to this outbreak may still be identified,” CDPH said.

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The recalled products include all grades and sizes of Happy Hens organic in-shell eggs with egg handler code CA-0677, as well as the following lot codes and sell-by dates:

  • Sell By Sept. 10 (Lot 223)
  • Sell By Sept. 13 (Lot 226)
  • Sell By Sept. 24 (Lot 237)

FORD RECALLS MORE THAN 223,000 VEHICLES OVER FUEL TANK ISSUE

Happy hens organic eggs carton

The eggs were sold in one-dozen and 18-count cartons, 20- and 30-count flats for consumers, as well as 15-dozen food service cases.  (California Department of Public Health )

The eggs were sold in one-dozen and 18-count cartons, 20- and 30-count flats for consumers, as well as 15-dozen food service cases. 

The products were distributed to restaurants, grocery stores and farmers markets across Southern California and the Central Coast.

They were also sold directly at the company’s Ramona farm, CDPH said.

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According to CDPH, investigators identified Happy Hens eggs as the likely source of the outbreak following interviews of people who became ill.

CREAM CHEESE AND DELI SALADS RECALLED OVER POTENTIAL LISTERIA CONTAMINATION

Happy Hens organic eggs

The eggs were distributed to restaurants, grocery stores and farmers markets across Southern California and the Central Coast, and were also sold directly at the company’s farm in Ramona. (California Department of Public Health )

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“Most people recover without medical treatment,” CDPH said. “But for some people, the symptoms may be so severe that treatment or hospitalization is needed. Children younger than 5 years of age, adults 65 and older, and people with weakened immune systems are more likely than others to get very sick.”

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FOX Business reached out to Happy Hens for comment.

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Equinox Gold: Meet The New Gold Giant The Market Is Underestimating (NYSE:EQX)

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Two gold bullions weighing 250 grams each on a grey background.

This article was written by

I’ve been researching companies in-depth for over a decade, from commodities like oil, natural gas, gold and copper to tech like Google or Nokia and many emerging market stocks, which I believe could help me provide useful content for readers. After writing my own blog for about 3 years, I decided to switch to a value investing-focused YouTube channel, where I researched hundreds of different companies so far. I would say my favorite type of company to cover are metals and mining stocks, but I am comfortable with several other industries, such as consumer discretionary/staples, REITs and utilities.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of EQX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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OnPath Energy seeking acquisitions and new sites for onshore wind farms

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The Sunderland firm reported a small drop in revenues due to lower wind speeds in 2025

The Kype Muir windfarm

The Kype Muir windfarm(Image: OnPath Energy)

Renewables firm OnPath Energy says it is continuing to invest in its growth strategy despite seeing a small drop in revenues as lower wind speeds cut power generation.

The Sunderland-headquartered firm, which was formed by the acquisition of the renewable energy elements of County Durham’s Banks Group, recorded a turnover of £73.4m and an operating profit of £22.7m for the 12 months to the end of 2025.

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That compared to a turnover of £95.7m and operating profit of £69.4m during 2024, though those figures related to a 15-month period.

OnPath said that the year saw “below average wind speeds and lower merchant power prices compared to the previous period”. The group’s wind farms in the North and Scotland had a combined capacity of 252MW at the end of the financial year.

OnPath said that it is growing its development pipeline and expects to bring forward several new project proposals in England in the coming months, while it is currently exploring a range of potential new development locations across England, Scotland and Wales.

It acquired the Milton Keynes Wind Farm in Buckinghamshire and Pates Hill Wind Farm in West Lothian at the beginning of 2025 and has since entered into an option agreement to acquire a majority stake in three onshore wind farms under development in South Lanarkshire.

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Earlier this year, the company completed the sale of seven English onshore wind farms to The ERG Group, releasing capital to support the development of new onshore wind farms across the UK.

Simon Fisher, chief financial officer at OnPath Energy, said: “Onshore wind energy is playing an increasingly important role in the UK’s long-term energy security strategy while also delivering significant supply chain investment, UK jobs, improving energy affordability and social benefits for local communities, local supply chain businesses and the wider economy.

“Wind yields in 2025 were below average, but we have still delivered solid commercial returns while continuing the evolution of the business towards a primary focus on developing and building new onshore wind farms across the UK.

“In the coming months, we will add another 73MW capacity to our operating portfolio with the energisation of Mill Rig Wind Farm in South Lanarkshire and the Barnsdale Solar Park in West Yorkshire, with the commissioning of the Common Farm Solar Park in South Yorkshire then set to follow.

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“Acquisitions and divestments continue to be a critical part of our growth strategy, with capital reinvestment helping us bring forward new projects, which in turn creates jobs and supply chain opportunities for UK businesses, improves energy affordability for UK consumers while also accelerating our contribution to a fair and inclusive just transition.”

OnPath said it aims to spend around two-thirds of its investments in the local supply chains of its wind farms, while it had awarded more than £1.2m in grants from the community funds linked to each of its onshore sites to local good causes.

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737 Max production taking ‘a little bit longer’ to stabilize than expected

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United needs to decide what to do with its old Boeing 737 Max 10 seats

A Boeing 737 MAX 10 fuselage is pictured during the opening ceremony for the company’s new North Line assembly line, which will produce 737 MAX aircraft, at the Boeing Everett Factory in Everett, Washington, on July 10, 2026.

Jason Redmond | Afp | Getty Images

Boeing‘s 737 Max production is taking “a little bit longer” than expected to stabilize, and the company expects to increase its output of the planes next year, CEO Kelly Ortberg told investors Wednesday.

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Boeing stock extended its losses for the day and was down more than 5% in afternoon trading after Ortberg’s comments.

The manufacturer has been working to steadily ramp up the output of its best-selling plane after years of safety and quality crises. Ortberg said wing production at its Renton, Washington, factory is a constraint now, adding the company has plans in place to address it.

Boeing is producing about 47 of the aircraft per month.

Ortberg reiterated to investors at a Morgan Stanley industry conference that he expects certification of the Max 10, the largest model in the family “very soon.” That plane is years behind schedule.

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Kelly didn’t say that he expected aircraft orders from China when President Donald Trump is scheduled to host Chinese leader Xi Jinping at the White House on Sept. 24.

Orders from China are “going to be announced by the airlines at their pace,” he said.

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Jalen Brunson launches family-owned brand advisory firm for athletes

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Jalen Brunson launches family-owned brand advisory firm for athletes

New York Knicks superstar Jalen Brunson, along with his family, announced on Tuesday the launch of Thirty Third Management Group, a family-owned brand advisory firm that will manage his off-court business as well as represent clients across pro sports, business and philanthropy. 

It’s been quite the year for Brunson, as he was the leader of a Knicks team that broke a 53-year NBA title drought, and he won NBA Finals MVP in the process. The “King of New York” moniker has followed him ever since, with the Knicks faithful forever indebted to him and his teammates for the pure joy they brought the city. 

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But if Brunson wasn’t a star already on the hardwood, winning the NBA title in New York vaulted him into a different stratosphere, and business opportunities and more were sure to follow. 

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM

Jalen Brunson looks on court

Jalen Brunson of the Knicks shoots a free throw against the Philadelphia 76ers on May 6, 2026, at Madison Square Garden in New York City. (Jesse D. Garrabrant/NBAE/Getty Images)

Now, with his own firm and his family’s back, Brunson is not only helping himself but looking forward to doing the same for others with their business development, charitable work and more. 

“My family has been with me every step of the way, and everything we do is rooted in trust,” he said in a statement. “Thirty Third gives us the chance to take ownership of my off-court business, to build something that reflects who we are, and to do it together.”

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KNICKS STAR JALEN BRUNSON IS A MAN OF THE PEOPLE, REVEALS THE ONE THING HE CAN’T LIVE WITHOUT

The firm’s name comes from the beginning of Brunson’s career, where the Dallas Mavericks selected him 33rd overall out of Villanova in the 2018 NBA Draft. He has since built a reputation defined as much by his character and leadership as by what he has accomplished on the court. 

Sandra Brunson, Jalen’s mother, who has been managing his off-court business for eight years, will serve as Thirty Third Management Group president. Erica Brunson, his sister, will serve as director of client services, while Connor Cashaw, a friend and former high school teammate at Stevenson High School in Illinois, will be the director of business development. Both Erica and Connor have been a part of Jalen’s team since 2024 and 2025, respectively.

Jalen Brunson with family

Erica Brunson, Rick Brunson, Sandra Brunson, Jalen Brunson and Ali Marks Brunson attend the ESPY Awards at David H. Koch Theater at Lincoln Center on July 15, 2026, in New York City. (Kevin Mazur/Getty Images)

This firm was born from a belief that the most powerful brands are built on trust, purpose, and genuine human connection,” Erica Brunson said in a statement. “As a family, we’ve had the privilege of supporting Jalen’s growth beyond basketball, and that experience inspired us to create an advisory platform that helps others do the same. 

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“We are committed to helping our clients maximize opportunities, whether in professional sports, business, or philanthropy, and want to be a strategic partner that champions both success and significance.”

So, while Brunson will serve as the firm’s foundational client, Thirty Third Management Group was built with the wider goal of advising athletes, NIL talent, executives, entrepreneurs and charitable foundations on brand development, partnership strategy, business development and more. 

Also, a priority of the firm from the outset will be in women’s sports, a category the firm’s leadership views as “historically underserved,” with Erica leading that effort.

Jalen Brunson with Finals trophy

Jalen Brunson, his wife Ali Marks Brunson and their daughter, Jordyn James Brunson are seen at the Knicks ticker-tape parade along the Canyon of Heroes on June 18, 2026, in New York City. (NDZ/Star Max/GC Images)

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Meister Seelig & Schuster PLLC, led by Mitch Schuster and Jed Ferdinand, will serve as legal counsel for the firm, while Focus Financial Partners serves as financial advisors for Brunson, his family and Thirty Third Management Group. 

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US interest rates raised for first time in three years

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Kevin Warsh, chairman of the Federal Reserve, taking questions at a press conference in Washington DC on 16 September. He is wearing a dark navy blue suit with a white shirt and blue-spotted tie.

Asked about the message the decision sent to Trump, Warsh chuckled before saying “I have got nothing for you on a discussion with the president,” as he batted away similar questions with the same response.

The Federal Reserve is independent of the government, but has faced sharp criticism from Trump over its decisions on rates in recent years.

Trump was heavily critical of Warsh’s predecessor Jerome Powell, who stepped down at the end of his term earlier this year, for not cutting rates.

Following Wednesday’s announcement, Trump said rates should be cut to “1%, or less”.

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“LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST!”, he posted on social media.

Earlier a White House press secretary Kush Desai told Fox News the president and White House had “reiterated our commitment to the independence of the Federal Reserve on numerous occasions” but added it did not prevent Trump being able to voice his opinions.

Warsh said at the press conference that “part of the independence of the Federal Reserve is we stay in our lane”.

This hike by the Fed is the first move rate move in any direction since they were cut in December 2025. The last time they were raised was in July 2023.

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A 0.25pp increase will likely add to increasing mortgage rates for homebuyers, as the rates set by banks and other lenders are heavily influenced by the Fed’s policy rate.

Major US banks JP Morgan, KeyCorp and BNY raised their prime lending rate on Wednesday to 7% from 6.75% in response, which will rates charged on credit cards and personal loans.

Mortgage costs have climbed over the past year but remain below peaks seen in 2023. A 30-year fixed deal is 6.76% on average, while a 15-year deal is 6.09%, according to figures from Freddie Mac.

Due to many US homeowners having 30-year and 15-year fixed-rate mortgages, changes to interest rates will not impact monthly repayments, though they could affect those looking to secure a loan for a home or refinance.

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Warsh declined to provide his own view on where he saw interest rates going into the future, but the majority of his fellow policymakers said they believe rates would be hiked again before the end of this year to between 4-4.25%.

A small majority said rates could rise further to the 4.25-4.5% next year, before cuts begin in 2028 and 2029.

The forecast suggested price rises will ease in the coming years, with inflation, the measure used to assess the cost of living, predicted to fall steadily to the Fed’s 2% target by 2029.

The US is not alone in tackling the inflation impact from the conflict in the Middle East, with the European Central Bank raising rates last week and the Bank of England set to make its own decision on Thursday.

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Verisk analytics CFO Elizabeth Mann sells $73,964 in stock

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Verisk analytics CFO Elizabeth Mann sells $73,964 in stock

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Latin American markets fall after Fed raises interest rates

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Latin American markets fall after Fed raises interest rates

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How rising bond yields impact American consumers

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A split screen of a pair of hands pushing money on a table and a woman standing on Wall Street.

The BBC’s Samira Hussain explains why some could see increased interest rates for mortgages and business loans.

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