Eurozone geared up for lending recovery as Draghi weighs up further stimulus October 19, 2015 Financial conditions in the Eurozone are in line for a buoyant 2016 with economists at a major consultancy forecasting a long-awaited revival in credit growth. Meanwhile, the currency-bloc’s policy makers could be tempted into expanding their €1.1 trillion (£810bn) money-printing programme as early as this Thursday after dropping numerous hints over recent weeks. Private sector borrowing [...]
European firms are too reliant on big banks, according to EY and TheCityUK October 16, 2015 Europe's financial stability could be at risk due to a lack of understanding about alternative forms of finance, a new report out today from EY and TheCityUK has warned. The report argues that the scarcity of information on alternative finance not only could this hinder firms’ future growth potential, but also leave businesses exposed in [...]
UK bioscience sector secured a record £1.2bn investment last year, but scientists warn cuts will hold Britain back October 15, 2015 Britain's biosciences sector netted a record amount of investment last year, according to research by the BioIndustry Association (BIA) and professional services firm EY. Over the 12 month period, it secured £1.2bn in public equity and venture capital funding – more than double the £498m it raised in 2013, and the highest level since the [...]
City looks to end of year float flurry as companies prepare IPOs October 15, 2015 London flotations are bouncing back as investor confidence returns to the market, with a pipeline of new listings expected before Christmas. Initial public offerings (IPOs) were in short supply during the summer, with China’s slowing economy triggering global stock market mayhem and a sharp downturn in investor morale. But yesterday, McCarthy and Stone, which builds [...]
What is the etiquette on bankers dating each other? October 13, 2015 Dating is a minefield at the best of times, but can be an absolute nightmare for those in the City. Long hours and heavy workloads mean that bankers rarely meet anyone outside of the world of finance, but what is the etiquette around dating in the workplace? While there aren’t any specific rules on dating [...]
British car exports hit record high in third quarter – but pound falls as trade deficit widens further October 9, 2015 British car exports are at a record high, the Office for National Statistics (ONS) said today. Exports of cars made in Britain rose by £800m to £23.6bn in August – and that didn't even take into account any impact from the Volkswagen emissions scandal, which broke in mid-September and has hit German exporters where it hurts. In less [...]
Former Euromoney Global Capital worker takes on singing odyssey October 7, 2015 There's a bit of a trend developing for breaking loose from finance to try to make it as an opera singer. First, former finance director at EY Michael Bracegirdle leapt on to the classical music scene when he played the role of villain Don Jose in a production of Carmen back in August. Now a former [...]
London IPOs fell sharply in the third quarter as election nerves hit markets October 7, 2015 The number of initial public offerings (IPOs) fell sharply in the third quarter as uncertainty in the run-up to the General Election in May prompted many businesses to shelve plans until later in the year. Only six flotations raising £184m took place in London over the past three months, including hostel owner Safestay, which [...]
City Moves for 07 October 2015 | Who’s switching jobs October 6, 2015 EY The professional services firm has announced the appointment of Nick Parkhouse to lead its new financial services debt advisory team. He joins as an executive director from RBS, where he was a senior director and led a structured finance team focused on specialty finance markets in the UK. Parkhouse has also previously held roles [...]
Eurozone in sweet spot of recovery boosted by low oil prices and good exchange rate – EY October 6, 2015 The Eurozone is still in a “sweet spot” as it benefits from lower energy prices, a more competitive exchange rate and solid demand in the UK and US, according to forecasts from EY. In its EY Eurozone Forecast (EEF) for October, the financial services firm predicts that investment spending will pick up in 2016, which [...]