Accountancy must adapt to survive in this brave new world October 3, 2016 Charles Darwin would have made a brilliant accountant. It’s not just his forensic brain or curious nature that would have made him successful, but his understanding that it’s not the strongest or most intelligent that survives, but the most adaptable. Look at the world and think back five years. Rapid developments in technology and regulation, the [...]
As the Tory Party conference kicks off, should Theresa May use the opportunity to call an early general election? October 3, 2016 John Lehal, managing director at Insight Consulting Group, says Yes. The case for an early election is overwhelming. Like Cameron, Major and Callaghan before her, Theresa May is finding out just how difficult governing with a small majority can be. The government is divided on what Brexit should look like, while her domestic agenda, including the [...]
Flybe wants green light for Heathrow’s regional proposals October 3, 2016 Budget airline Flybe is pushing for an enlarged Heathrow to ensure the UK remains competitive post-Brexit. “To effectively compete in a post-Brexit environment whilst a third runway is built in the South East, and in light of the new Heathrow plans, Flybe would strongly urge the government to give an expanded Heathrow the green light,” [...]
Superwoman Horlick sees referendum fallout from lack of investment and seeks clarity on “Brexit means Brexit” October 3, 2016 CITY veteran Nicola Horlick, once dubbed superwoman for combining a stellar career in fund management with a large family, has warned that Brexit could have an impact on peer-to-peer lenders such as her venture Money&Co. “Inevitably, large businesses will delay investment into the UK. So this will have an impact on smaller businesses and if [...]
The UK’s still got a taste for craft beer as number of breweries rises 65 per cent in five years October 3, 2016 The UK’s love for craft beer isn’t showing any signs of waning. According to accountancy firm UHY Hacker Young, the total number of breweries increased eight per cent in the last year, from 1,558 in 2014 to 1,692 in 2015. Over the past five years, the number of breweries has shot up 65 per cent, [...]
Tesla delivered a record amount of cars in the third quarter October 2, 2016 Prolific entrepreneur Elon Musk's Tesla Motors said today that the number of vehicles it delivered hit a record 24,500 in the third quarter. They had risen 70 per cent quarter-on-quarter in what the firm said was a "slightly conservative [figure], as we only count a car as delivered if it is transferred to the customer and all [...]
NHS watchdog to charge drug approval fees October 2, 2016 The NHS watchdog is drawing up plans to start charging companies fees to get new drugs approved. The National Institute for Health and Care Excellence (Nice) wants to introduce the fees next year that mean companies will be charged for assessing whether medicines offer value for money, a requirement before new drugs can be prescribed by [...]
Why would anyone choose a career in private equity anymore? October 2, 2016 Fear of risk is changing private equity for the worse, MVision chief executive Mounir Guen tells Billy Bambrough "Why would a brilliant young person go into private equity anymore?” asks private equity veteran and boss of industry advisory firm MVision, Mounir Guen, known almost exclusively by the nickname Moose. “Why not become a tech entrepreneur and [...]
Paranoid about androids: Brits fear AI October 2, 2016 Brits are increasingly fearful of the impact robots could have on our society in the future. New research reveals over half of UK adults (58 per cent) are worried about the impact of robots, with two fifths (41 per cent) believing robots will destroy humanity as we know it. The survey, commissioned by Sky, echos [...]
O2 IPO set to call on retail investors October 2, 2016 Mobile network O2 is planning on making millions of shares available to retail investors when it lists later this year. It’s hoped demand from O2’s 25m strong customer base will push up the stock market value of the company to around the £10.25bn that O2 owner Telefonica agreed to sell the business to Three owner [...]