City Moves for 19 June 2014 | Who’s switching jobs June 18, 2014 KPMGThe professional services firm has appointed Steve Labrum as financial services transfer pricing partner. He was previously global head of transfer pricing at Alvarez and Marsal, and has also held senior positions at EY, Deloitte and PwC. JP Morgan Private BankEdward Novis has been appointed as an executive director and senior investor for the private [...]
Bottom Line: Swann’s SSP could prosper in City’s search for quality June 16, 2014 THERE was a telling comment last week during a session held at the Royal Institution of Great Britain examining initial public offerings. “We’re going to go through a rather different period now,” EY’s Richard Hall, a veteran of last year’s bumper Royal Mail float, told an audience of private equity investors. “There are still some [...]
Why the car insurance industry faces a difficult future June 12, 2014 The Competition and Market Authority's (CMA) proposed plans for change in the private motor insurance market aim to increase competition and reduce the cost of premiums for motorists. If implemented, they stand to do just that. This is great news for customers, but what does this mean for an industry that is already exceptionally competitive, [...]
Letters to the Editor – 12/06 – Simpler energy, Best of Twitter June 11, 2014 Simpler energy [Re: A bureaucratic nightmare, Tuesday] Stephen Littlechild overlooks the importance of Ofgem’s reforms to make the energy market simpler, clearer and fairer for consumers. Consumers told us they found the market confusing and that the number of tariffs on offer put them off shopping around. We have placed a limit of four core [...]
London IPO frenzy: Investors put off by low quality of new issues June 10, 2014 2014 is well on its way to claiming the crown as the best year on record for initial public offerings (IPO) in London yet dark clouds have started to gather, with one IPO pulled and an underwhelming aftermarket in a number of floats. So where next for the IPO market? At a conference hosted this [...]
R&R ice-cream entrepreneur’s entrance melts June 9, 2014 IT WAS a night of epic entrances at the EY Global Entrepreneur of the Year Awards at the weekend, with each country’s entrepreneur strutting to the stage to their own personal entrance song (all 60 of them). But when it came to the UK’s winner – R&R Ice-cream’s James Lambert – there was a bit of [...]
Entrepreneurs flock to London June 9, 2014 LONDON dominates a new league table showing the hottest neighbourhoods for start-up companies, with all but three of the UK’s top 20 areas for business creation located within the capital. Topping the list, published by accountancy firm UHY Hacker Young, is the postcode EC1V – home to the so-called tech city cluster of digital companies, [...]
Entrepreneurs flock to London June 9, 2014 LONDON dominates a new league table showing the hottest neighbourhoods for start-up companies, with all but three of the UK’s top 20 areas for business creation located within the capital. Topping the list, published by accountancy firm UHY Hacker Young, is the postcode EC1V – home to the so-called tech city cluster of digital companies, [...]
UK rises to take top investment spot in Europe June 9, 2014 INVESTORS are increasingly turning to the UK instead of other European countries, with the number of large foreign direct investments jumping by 15 per cent as growth picked up during the last year. The UK is now ranked first in Europe among global investors, who were asked by audit giant EY which countries they believe [...]
Power and utility firms perform better with women on boards June 2, 2014 POWER and utility companies with more women on their boards have higher average return on equity (RoE), according to EY research published today. Out of the top 100 companies in the sector, those with the most diverse boards had an average RoE of 7.7 per cent, compared to just 4.5 per cent for those with [...]