Theresa May has axed an advisory panel of some of Britain’s top bosses September 22, 2016 Theresa May has axed an advisory panel established by her predecessor to generate feedback from some of the UK's top bosses. May has scrapped the Business Advisory Group launched by David Cameron in July 2015. The news – first revealed by Sky News – comes just over a year after Cameron launched the group in the [...]
No respite for ISPs as one in four customers say they’re willing to switch broadband provider this year September 22, 2016 Competition in the broadband market is showing no signs of slowing, despite the regulator complaining customers could be finding switching too difficult. According to new study from big four accountant EY as many as one in four broadband customers are willing to switch provider this year. That's up from just over one in five (21 per cent) in [...]
City Moves for 21 September 2016 | Who’s switching jobs September 21, 2016 Forsters Private client and real estate law firm Forsters has appointed Heather Corben as a partner in its tax practice.Heather is a senior tax lawyer, with many years' experience advising clients on complex tax issues arising from corporate and real estate transactions and structures. She has advised a range of major property companies and funds including British Land, Axa REIM, Brockton [...]
EY pays $9.3m to settle charges that former auditors got ‘too close’ to clients on a personal level September 20, 2016 Accounting firm Ernst & Young (EY) is to pay out $9.3m (£7.1m) to settle charges that two of its former auditors got "too close to clients on a personal level", according to the US Securities and Exchange Commission (SEC). The SEC said the ex-auditors broke rules aimed at ensuring reviews were impartial. SEC investigations found that the [...]
Hollywood Bowl float expected to kick off strong period for London IPO market September 18, 2016 Hollywood Bowl is set to float on the London Stock Exchange (LSE) this week, kicking off what is set to be an active post-summer period for the market in initial public offerings (IPOs). “If the markets hold up, then I think we’re going to be very busy,” Mark Austin, a capital markets partner at law firm Freshfields [...]
Autumn Statement 2016: Businesses tell Philip Hammond to cut national insurance September 15, 2016 Business leaders want Philip Hammond to cut the cost of employment in his first Autumn Statement as chancellor, rather than indulge in headline-grabbing measures like slashing corporation tax. Accountants EY found 64 per cent of top decision makers at both UK firms and multinationals with a big presence here said reducing the cost of national insurance [...]
Labour market shows no sign of Brexit uncertainty – yet September 14, 2016 The number of people in work hit a new record high in July, as economy-watchers were left waiting even longer for signs of a post-referendum slowdown. Figures out from the Office for National Statistics (ONS) yesterday morning showed the unemployment rate steady at 4.9 per cent, defying concerns that the jobs market could have faltered in [...]
Go Compare deal to kick off strong IPO activity September 13, 2016 Insurance outfit Esure has confirmed it will spin off its price comparison website Go Compare in a post-referendum boost to London's IPO market. Go Compare could be valued at up to £650m when it floats on the London Stock Exchange later this year, just 18 months after Esure took full control of the group in a deal [...]
UK named as best G20 country for starting a digital business September 9, 2016 The UK has been named as the best G20 country for ease of starting a digital business. Britain scored the highest marks for digital business environment – which includes regulation such as recruitment practices, tax frameworks, time taken to start a business and legal efficiency – in accountancy firm EY’s G20 Digital Entrepreneurship Barometer, which [...]
Tears, corporate speaking, coaching: Great Britain’s Olympic gold medal-winning skipper Kate Richardson-Walsh talks post-Rio retirement September 8, 2016 As admin to the squad’s WhatsApp groups, Kate Richardson-Walsh can decide if and when she disappears into the background, but Great Britain’s Olympic gold medal-winning skipper knows that international retirement leaves voids that will eventually need filling. Bringing the curtain down on a 17-year international hockey career by leading her nation to victory over reigning world and Olympic [...]