EU referendum: Fast-growing UK firms want to remain in the European Union and say Brexit will negatively impact their business September 28, 2015 High-growth companies are overwhelmingly in favour of Britain remaining in the European Union, according to a poll out yesterday. ECI Partners, a private equity firm, polled more than 300 fast-growing British firms over the summer, finding that nine out of 10 want the UK to remain in the EU. Just over half said [...]
Better to climb the ladder in work than find a new job as average UK salary has dropped 3.3 per cent in 2015 September 28, 2015 Hate your boss? It might still be better to stay put, as new data reveal the average UK advertised salary has dropped 3.3 per cent this year to £33,318. Figures from jobs database Adzuna, show that while advertised salaries have slipped, wages for those in work have risen more than 2.9 per cent. [...]
Diversity on executive boards: Better for business September 28, 2015 Diversity on executive boards can help companies to outperform firms with all-male leaderships, according to new research from Grant Thornton. A study by the group estimates that the opportunity cost, in terms of lower returns on assets, for companies with male-only boards was £430bn in 2014. The report, Women in business: the value of diversity, [...]
Insurance survey shows firms lack tech knowledge September 28, 2015 Insurance firms are upbeat about the sector, but may not be fully aware of the implications that FinTech developments hold for them, according to research from the Confederation of British Industry (CBI) and PwC. The set of data reveals that all sectors continue to expect to increase spending on information technology – the most common [...]
London’s helping the jobs boom with eight per cent jump in professional vacancies September 28, 2015 The financial services sector is helping to drive a boom for professional recruitment firms, which now have eight per cent more vacancies on their books compared to last year. According to data from the Association of Professional Staffing Companies (APSCo), permanent vacancies across finance and accounting, IT and media and marketing are all up year-on-year, [...]
Banks push back against government proposals to separate high street and investment banking in ringfencing reforms September 28, 2015 Britain’s biggest banks are preparing to ramp up their arguments against government proposals to separate high street and investment banking, ahead of a new Bank of England consultation next month. The banks have long criticised so-called ringfencing reforms, intended to separate retail banking operations from other investment practices. The plans are designed to protect savers [...]
When will interest rates rise? Economists expect hold until mid-2016 September 28, 2015 The Bank of England is not expected to raise interest rates until the middle of 2016, according to new forecasts from the Centre for Economics and Business Research (CEBR). It had previously expected a rise to come as soon as February. The think tank has blamed the push back on concerns over the global economy, [...]
UK to dodge spectre of secular stagnation as investment rises September 28, 2015 Britain is set to avoid falling into “secular stagnation” – low inflation and interest rates holding back investment in advanced economies – according to forecasting group the EY Item Club. The think tank has reported that business investment in the UK has performed relatively strongly since the economy emerged from recession at the end of [...]
EU referendum: Bosses speak out on European Union benefits September 28, 2015 Nearly two-thirds of directors say that the benefits of Britain remaining in the European Union outweigh the negatives, according to a new survey out today. The Institute of Directors (IoD) polled more than 1,200 of its members earlier this year, finding that 65 per cent of respondents agreed with the statement “from my organisation’s perspective, [...]
UK wine-making industry enjoys sparkling good health and growth September 27, 2015 English wine-makers have enjoyed a vintage year, and are set to double in capacity and production over the next seven years. According to figures from the Wine and Spirit Trade Association released today, English vine-yards have grown, on average, 11 per cent a year over the last 10 years. There are currently 135 wineries producing [...]