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Accenture linked with $1bn Unilever HR outsourcing deal
 
 Accenture is on the
verge of closing one of
the largest ever HR
outsourcing deals with
Unilever, Computer
Business Review has
reported. 		 
    Without naming its
sources, the publication
claims to have
confirmation that
Accenture is in
exclusive talks with
Unilever to take over		 
 its HR services in a
deal estimated to be
worth in excess of $1bn.
   In October Unilever
announced it was
conducting a review of
its HR, finance and		 
 accounting and IT
services functions, and
was considering options
including outsourcing to
either Accenture or IBM
or keeping the work
in-house. 		 
    An official
announcement regarding
the deal is not expected
until the New Year.
   		 
 
KPMG UK voted Best Corporate Citizen
 
 The European Managing
Partners’ Forum has
named KPMG in the UK
"Best Corporate Citizen"
in its annual awards
ceremony. The Managing
Partners’ Forum is made		 
 up leading professional
firms and is dedicated
to enhancing leadership
in firms across the
globe.
   KPMG in the UK fought
off strong competition		 
 from a shortlist which
included Deloitte,
Clifford Chance and
Eversheds, and was
recognised for the way
“the UK firm has made
managing community and		 
 environmental impact an
integral part of the way
it does business, while
adding business value”.
   The judges said they
were particularly
impressed by the		 
 breadth, depth and
strategic approach KPMG
in the UK takes to
corporate citizenship.
  
   		 
 
EDS settles with UK tax agency for £71.25m
 
 EDS has agreed to pay
Her Majesty’s Revenue
and Customs £71.25m
($121.9m) as
compensation for
problems in an IT		 
 system. The system was
developed by EDS, in
partnership with HMRC,
to support the 2003
launch and subsequent
operation of the Tax		 
 Credits system.
   The settlement
includes an up-front
payment and payments of
additional amounts over
time. The specific terms		 
 of the settlement
agreement were not
disclosed.
   EDS said the
settlement will not
impact its prior		 
 financial guidance for
the fourth quarter of
2005 and full-year
2006.
   		 
 
Watson Wyatt posts strong revenue growth
 
 Watson Wyatt Company
Holdings’ acquisition of
its Europe-based
operations drove
quarterly revenue up,
while also hurting
profits slightly.
   Fiscal year 2006		 
  
   
 
 
 
 
 
 quarter, up from $175.4m
for the first quarter of
fiscal 2005. Watson
Wyatt said the revenue
increase was driven by
the August acquisition
of the European-based
consulting operations		 
 from Watson Wyatt LLP,
as well as the strong
performance across all
practices of the
combined entity.
   Income from
continuing operations
was $13.9m or 36 cents		 
 per share, exceeding the
company’s forecast of 29
cents to 31 cents per
share, but down from
$0.42 in the prior year
period and $0.37 in the
fourth quarter of 2005.
   		 
 first-quarter revenues
were $265.9m for the		 
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