…as it expands eastwards into Canary Wharf to fit in new staff November 20, 2013 ACCOUNTANCY group EY is taking 200,000 square feet of office space in Canary Wharf, becoming the latest City firm to move staff to the Docklands. EY, formerly known as Ernst & Young, confirmed yesterday that it will keep its offices at More London near Tower Bridge, where it has been based for almost a decade. [...]
Bank keen to play down talk of a rate hike November 20, 2013 THE BANK of England’s interest rate-setting committee voted unanimously this month to keep the rate at its historic low, while emphasising that it may not tighten policy even when unemployment falls below the seven per cent threshold. Governor Mark Carney introduced forward guidance this summer, saying that the Bank does not intend to lift rates until [...]
Letters to the Editor – 19/11 – UK entrepreneurs, Best of Twitter November 18, 2013 UK entrepreneurs [Re: Entrepreneurs now have their own pressure group – at last, yesterday] Our recent G20 Entrepreneurship Barometer found that, while the UK is one of the top five countries to be an entrepreneur (with a competitive tax system and business-friendly regulation), we still have close to the lowest score for “co-ordinated support”. The 130 finalists of [...]
Two more firms to list as London market booms November 18, 2013 TWO START-UPS floating on London’s Alternative Investment Market (Aim) next month will further boost the London market’s reputation as a popular place for new firms to list. So far 61 companies have floated on the UK’s exchanges in 2013, compared to just 53 throughout 2012. Education group Caredus and on-demand online video firm SyQic will [...]
Mentors are key to helping entrepreneurs reach the next stage of development November 13, 2013 IT SEEMED Julie Waddell had all the ingredients for success when she set up Moorish, which sells Britain’s only smoked hummus products. Orders were pouring in, a leading supermarket had expressed interest in her wares and she had been nominated for an industry award. But Waddell needed help. Lacking business experience, she turned to Chris [...]
KPMG sets up fund to invest in tech firms November 11, 2013 ACCOUNTING giant KPMG is making its first move into investment management by setting up a fund focused on providing early-stage capital to data and analytics firms. KPMG said the London-based fund, named KPMG Capital and not open to outside investors, will acquire and set up partnerships with data companies worldwide. Several offices in the global [...]
Investment into UK energy sector rose to £11.6bn last year November 4, 2013 PRIVATE sector investment in the UK’s energy sector rose to £11.6bn last year, a £1.6bn rise from the year before, new research said yesterday. The investment led to a £24bn direct contribution into the UK economy and over 600,000 jobs, according to a report by Ernst & Young for industry body Energy UK. The energy [...]
Risk aversion threatens to dampen economic recovery November 3, 2013 AS THE great and the good of UK business congregate for the CBI’s Annual Conference today, the atmosphere is likely to be much more upbeat amongst business leaders compared to last year. This is understandable. Business confidence in the UK has soared over the last 12 months and executives are now more confident about the [...]
City women honoured at awards dinner October 28, 2013 THE Capitalist never needs an excuse to celebrate the brightest female minds that contribute to London’s thriving business sector, but one was nonetheless provided last Thursday at the Women in the City’s Woman of Achievement award. At a celebration evening hosted by law firm Bryan Cave, talented female executives from across London and the Home [...]
What the other papers say this morning – 24 October 2013 October 23, 2013 FINANCIAL TIMES Brevan Howard moving out of UK Brevan Howard, the world’s third-largest hedge fund, has moved most of its operations out of the UK, shifting dozens of jobs to the Channel Islands, Switzerland, Asia and the US to escape EU regulation and grow internationally. Three years after opening a satellite office in Geneva, Brevan [...]