Consumer spending growth heading for four-year low as wages stagnate March 20, 2017 Real earnings growth is forecast to be up just 0.1 per cent in 2017, slowing sharply from 1.8 per cent in 2016. As a consequence consumer spending will rise by only 1.7 per cent, its weakest rate since 2013, according to the EY ITEM Club. Last year saw a 12-year high of 3.1 per cent [...]
Mergermarket appoints EY advisers to sell its life sciences arm for £20m March 19, 2017 Data giant Mergermarket Group is mulling a £20m sale of its life sciences arm Infinata. The group, which publishes financial news website Dealreporter and runs data services like Debtwire, has appointed EY to advise on the deal, the Sunday Times reported. The sale is expected to conclude within weeks. Private equity giant BC Partners, which owns [...]
It’s official: The 25 millionth truck just went through the Eurotunnel March 17, 2017 It won't be long before one truck for every two Britons will have passed under the English Channel, figures from the Eurotunnel indicated today. Eurotunnel said at 3am today the 25 millionth lorry used the Le Shuttle Freight service since it commenced in July 1994. Read more: Eurotunnel smashes traffic record as it posts revenue growth The [...]
City Moves – who’s switching jobs at EY, Moneycorp, Seedrs and Egress Software Technologies March 15, 2017 Today's City Moves cover financial services, foreign exchange, technology and venture funding. Take a look at these movers and shakers: EY EY has appointed Dan Cooper to the role of UK financial services banking and capital markets (BCM) leader. He will take over the role in April from Robert Cubbage, who is retiring. Dan started [...]
London IPO market set for £30bn boost, with Logicor, O2, Misys, TI Fluid Systems, BGL Group and Kuwait Energy weighing up flotations March 12, 2017 London is set to benefit from up to £30bn of flotations in the coming months, with Logicor, O2, and Misys among a number of high-profile companies weighing up initial public offerings (IPOs) in the capital. After a rocky end to 2016, when several deals were pulled due to market uncertainty, 2017 saw a subdued start. [...]
From PwC’s chair to the boss of Vodafone: Here are the top 30 men helping to tackle gender inequality in the workplace March 10, 2017 Lloyds Banking Group’s chief executive of commercial banking and the chairman of PwC have been named among the top 30 men challenging the status quo and promoting gender equality in the workplace. The Women’s Business Council and Management Today have revealed their 2017 Agents of Change, listing 30 male leaders who are actively working alongside women [...]
Q&A: How will Philip Hammond’s 2017 Budget affect your taxes? March 9, 2017 Chancellor Philip Hammond delivered several blows to the self-employed yesterday, but they're not the only group impacted. Here, we've laid out all the ways in which the Budget will affect your tax affairs: NATIONAL INSURANCE What’s happening to National Insurance? National Insurance contributions (NICs) for self-employed workers will be hiked over the next two years, [...]
Budget 2017: Four things pensions experts have had to say about the Budget March 8, 2017 Former chancellor George Osborne will be remembered for monkeying around with pensions, in particular for ushering in pensions freedoms that were announced in 2014 implemented the following year. Philip Hammond didn't do too much on pensions in his Autumn Statement in November. So what was he up to today? 1 – Quiet day Beancounters EY [...]
More KPMG partners follow Richard Fleming to Alvarez & Marsal in a bid to break the Big Four’s stranglehold March 6, 2017 One year has passed since KPMG big-hitter Richard Fleming shocked the City by walking out on the consultancy giant. Fleming officially joins rival Alvarez & Marsal this month. The firm moved for him and two other partners in early 2016 after KPMG rejected a bid from Alvarez & Marsal for the Big Four giant’s restructuring business. Today, the [...]
If you want a job at UK’s best financial services company to work for, you’ll have to move to Wolverhampton… February 26, 2017 Want a job at the firm named the UK's best financial services company to work for? You'll have to move to the Midlands. Yep – a Wolverhampton company has clinched the sector's top spot in a ranking of the UK's best employers. The Sunday Times' 100 Best Companies to Work for 2017 named Charter Court Financial [...]