The politics of advertising: M&C Saatchi’s Tom Bazeley talks AI and Alex Salmond February 15, 2016 In the run-up to the 1997 general election, M&C Saatchi produced an iconic poster for the Conservative Party, which depicted Tony Blair’s face with the eyes of a demon. The strap-line read: “New Labour, new danger”. Though condemned in some corners as negative advertising, the piece won plaudits, though Labour still won in a landslide. For [...]
Audit watchdog’s new powers signal shift February 15, 2016 The Financial Reporting Council (FRC) is still dealing with the fallout from the financial crisis. The accountancy regulator has attracted criticism recently for its decision not to investigate KPMG over its role in the collapse of banking giant HBOS in 2008. Chief executive Stephen Haddrill is in the middle of drafting a response to the chairman [...]
Billions wiped from the value of the oil and gas industry February 15, 2016 The oil and gas industry has splurged £10bn over the past 12 months in an attempt to protect dividends, according to new research from trading house Banc De Binary. The value of cash and assets held by oil and gas companies listed on the London Stock Exchange has plummeted from £151.8bn this time last year [...]
UK Steel crisis: Industry in showdown with European ministers as top bosses march in demonstration February 15, 2016 The European steel industry and governmental ministers are set for a showdown later today over how best to implement higher tariffs on foreign steel imports. Industry leaders are demanding that more is done to help Europe's steel sector survive, while European ministers claim removing the so-called lesser duty rule, which seeks to apply the lowest possible [...]
Debrett’s Ask the Expert: I’ve been passed over for a promotion: Should I move jobs? February 15, 2016 I’ve been in my role for several years and, while I like my job and have received good feedback, I have yet to be promoted to a manager role. What can I do to show my bosses I’m ready? Or should I just look for a new job? Being passed over for promotion can be demoralising, [...]
What are your chances of a payrise? Pay growth expectations fall to their lowest point for more than two years thanks to rocketing costs of employing staff, including minimum wage rises February 15, 2016 Businesses believe wages will rise at the lowest rate for more than two years as rising costs of employing staff place pressure on pay packets, according to a report out today. The study by the Chartered Institute of Personnel and Development (CIPD) discovered that companies expect pay for their employees to rise by an average [...]
Let the good times roll: EY Item Club forecasts strong growth for UK financial services February 15, 2016 The financial services industry can expect decent growth over the next few years, a group of forecasters have said today. Mortgage lending, business borrowing and consumer credit are all set to grow at healthy rates over the coming years, as the UK economy shrugs off recent severe stock market declines. However, the EY Item Club said [...]
London house prices: Asking prices hit record high as concerns grow over help to buy eligibilty February 15, 2016 London asking prices reached a new record high in February, property website Rightmove said this morning. Rising prices are making buying a new home difficult for many Londoners even when using the government’s help to buy scheme. Prices in Greater London climbed 5.4 per cent over the course of last month and are 10.5 per cent higher than [...]
Treasury is saddling British businesses with £29bn in extra costs from National Living Wage (NLW), apprenticeship levy and business rates – Confederation of British Industry (CBI) February 15, 2016 British businesses will be hit with a bill for almost £30bn in additional costs as a result of government policies including the National Living Wage (NLW) and the apprenticeship levy. The flagship schemes, along with the existing business rates regime, will cost British businesses around £9bn every year by 2020-21, according to new analysis out [...]
CEBR: Stock market rout is not a sign of impending downturn February 15, 2016 This year’s stock market rout is not a sign of impending doom for the world economy, an economics consultancy has said today. Global GDP should grow by 2.6 per cent this year, the same rate as in 2015, according to the Centre for Economics and Business Research (CEBR). China is slowing, not collapsing, the CEBR [...]