Gimme 5 April 27, 2014 …EY ENTREPRENEUR OF THE YEAR LONDON AND THE SOUTH FINALISTS Aldermore The private equity-backed UK bank provides retail and SME savings accounts, commercial and residential mortgages, and asset and invoice finance. Founded by Phillip Monks, it has operated in the UK since 2009. aldermore.co.uk Cote Restaurants Operator of 47 casual dining restaurants across the UK, [...]
Shale gas revolution set to provide over a third of the UK’s energy needs April 23, 2014 OVER one third of the UK’s energy will come from shale gas in the next decade, with 4,000 wells set to be drilled across the country by 2032, a new report claims today. An astonishing 20m homes could be powered by shale gas, according to the government-backed study commissioned by the UK Onshore Operators Group [...]
Stock exchange ditches auditor April 22, 2014 THE LONDON Stock Exchange has picked EY as its new auditor, becoming the latest blue-chip company to shake up its accounting relationship. PwC has audited the LSE’s books since the accounting group was formed in 1998 from the merger of Price Waterhouse and Coopers & Lybrand. EY, formerly known as Ernst & Young, will take on [...]
How Britain can fix its Nimby problem April 22, 2014 THE COALITION is considering plans to loosen the rules governing the development of new infrastructure, fracking sites, and potentially housing, to facilitate investment. The specifics are not yet clear, but they seem to be on the right track. The potential of UK shale, for example, is huge – if it can be realised. New research [...]
Shale to boost jobs across the supply chain April 22, 2014 THE UK’S burgeoning shale gas industry will create tens of thousands of jobs and billions of pounds worth of investment across the supply chain, according to a new report set to be published this week. The study, commissioned by the UK Onshore Operators Group and undertaken by EY, is expected to warn that the country [...]
UK firms go on shopping spree to acquire more overseas assets April 21, 2014 UK COMPANIES had a healthier appetite for buying and merging foreign companies in the first quarter of this year, spending $3.3bn (£1.96bn) more than they did last year on overseas deals. Businesses headquartered in the UK spent a total of $35.4bn between New Year’s day and the end of March on outbound M&A, helping boost [...]
Shale to boost jobs across the supply chain April 21, 2014 THE UK’S burgeoning shale gas industry will create tens of thousands of jobs and billions of pounds worth of investment across the supply chain, according to a new report set to be published this week. The study, commissioned by the UK Onshore Operators Group and undertaken by EY, is expected to warn that the country [...]
Wages to overtake prices this year as squeeze on Brits eases April 14, 2014 PAY WILL finally rise faster than inflation this year, at last ending the long squeeze on British incomes, an influential group of economists has predicted today. Wages will rise by 1.7 per cent over the year while prices will increase by 1.6 per cent, the EY Item Club forecasts. As a result the UK’s economic [...]
Bottom Line: Britain is proving ready for Asia’s century April 14, 2014 IT’S a welcome reminder of Britain’s world-class commercial creativity. Two firms whose brands we might think of only as local icons, House of Fraser and Cath Kidston, are attracting fierce interest from Asian buyers. In the case of House of Fraser, the deal is done, China’s San Power now has an 89 per cent stake [...]
Letters to the Editor – 11/04 – Thatcher’s children, Problem with MBAs, Best of Twitter April 10, 2014 Thatcher’s children [Re: Why Sajid Javid could soon become the Tories’ great hope, yesterday] If the Conservative party wishes to win the 2015 election, it desperately needs a new leader and a change of political direction that encompasses the views of the electorate. Javid may be the only person who could pull off this dramatic [...]