House building spending to hit record in 2017 February 9, 2014 INVESTMENT in housing will surpass its pre-crisis peak in 2017, according to a new forecast out today from EY’s Item Club. Spending on building and maintaining houses will rise by 6.8 per cent this year and 10.1 per cent next year, eventually beating the 2006’s £68bn record in 2017. Such a strong increase may be [...]
Business hiring accelerates as confidence is highest in decades February 9, 2014 THE ECONOMY is set to grow rapidly over the next six months, as a new study from accountants BDO shows firms at their most confident in the survey’s 22-year history. The manufacturing optimism index rose to an all-time high of 117.1 in January, up from 115.5 in December. And the employment index rose to 101.3, [...]
Poorest hit hardest by inflation February 9, 2014 Soaring inflation in recent years has hit those on the lowest incomes harder than those at the top, the Living Wage Commission said in a report out today. Weekly spending by the lowest paid 10 per cent rose by 43 per cent from 2003 to 2012, the report found. Over the same period the national [...]
Red tape slows finance growth February 9, 2014 Finance firms are as worried by the new wave of regulation as they are about intense market volatility, according to a new study published today by technology firm SunGard. It found 45 per cent of firms are worried about volatility, almost the same number as the 43 per cent concerned about red tape. This is [...]
New banks hire interim bosses February 9, 2014 Challenger banks are increasingly hiring interim executives to fill key roles while they establish themselves in the market, according to the management agency Interim Partners. Chief operating officers and chief risk officers are in particular demand, the agency said, as complicated systems need to be implemented in line with strict regulation and to high specifications.
L&G’s corporate governance crusader is in it for the money February 9, 2014 Sacha Sadan tells David Hellier that good executives have nothing to fear from him AS FAR as some chief executives are concerned, Sacha Sadan is the enemy within. He’s dressed like them and speaks like them, but in focusing on corporate governance in public companies, some feel he’s in danger of pushing them into jobs [...]
Divide between north and south grows for stores February 9, 2014 A GROWING north-south divide has been laid bare by a new retail study that shows that seven of the 10 worst performing town centres are in the north west and north east of the UK. In contrast, six of the 10 best performing town centres – those with the least empty shops – are in [...]
Rated People joins flurry of tech companies planning Aim float February 9, 2014 RATED People, the online trade recommendation service, yesterday became the latest technology firm to unveil its plans to float on Aim. The company, which connects homeowners with local tradesmen, has already raised £6.5m from a pre-initial public offering (IPO) investment round, and is looking to raise a further £5m to £10m from a flotation later [...]
City Moves for 10 February 2014 | Who’s switching jobs February 9, 2014 Deloitte The professional services firm has appointed Rachel Crowley as go to market director in its real estate division. She joined Deloitte’s financial services practice in 2006 and became a director in 2013. Crowley previously held marketing roles at Accenture in Paris and London. Baker Tilly The law firm has hired Peter Vandervelde as head [...]
Best of the Brokers for 10 February 2014 February 9, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com BEAZLEY Canaccord Genuity keeps its “buy” rating and raises its target from 265p to 290p following an upbeat set of results from the insurance group last week. The broker has raised its earnings targets and thinks that if Beazley hits them, investors will [...]
