Western retail business looks to Russian capital for new markets September 3, 2013 EUROPEAN retailers are increasingly shifting their focus eastwards, as Moscow becomes a top destination for shoppers and consumer spending. Mark Faithfull, the editor of Retail Property Analyst, said: “Moscow is the obvious starting point for international retailers looking to expand”. He added that while luxury products were the first to find the market, familiar brands [...]
Manufacturers look to export August 18, 2013 RESEARCH released today indicates that the UK’s manufacturers are planning to export to new markets by 2016, and hope to take new products with them. According to manufacturing group EEF and Natwest bank, 71 per cent of firms in the sector expect to innovate, enabling them to export into new emerging markets within the next [...]
UK exporters to shift towards new markets August 13, 2013 THE UK is expected to see a boost in exports to developing economies, with firms selling more goods to fast growing countries, while trade to Europe declines. Exports in goods to many emerging markets are forecast to flourish in the next five years, audit giant EY said yesterday. EY’s research predicts that trade in [...]
Sumo-suited and booted runners race in Battersea Park July 29, 2013 AN INFLATABLE sumo suit was the mandatory dresscode in Battersea Park at the weekend, as 150 runners from the likes of newly rebranded professional services firm EY sprinted – and wobbled – in costume around Battersea Park. The annual 5km Sumo Run, which last year set a Guinness World Record for the largest gathering of [...]
Deal drought for mining sector as prices plunge July 28, 2013 MINING deals have sunk by a third this year after tumbling commodity prices weakened interest in capital raising and acquisitions, a report out today shows. Mergers and takeovers in the global metals and mining sector – a key component of the FTSE 100 – fell 30 per cent between January and June, the third consecutive [...]
Watchdog sets out plans to shake up accountancy July 22, 2013 THE COMPETITION Commission has stopped short of forcing companies to regularly change their auditor, in a package of planned reforms that has split the accountancy profession. Smaller auditors yesterday called for the watchdog to go further, while the so-called Big Four firms warned of the red tape that could come with plans to force FTSE [...]
PROFESSIONAL SERVICES FIRM OF THE YEAR August 6, 2012 TODAY’s shortlists for the third annual City A.M. awards kick off with our nominations for professional services firm of the year. The UK and EU may be planning significant shake-ups to the industry, but the firms on our shortlist aren’t letting that worry them, continuing to win bluechip clients, pursue global expansion and pioneer employment [...]
Ernst & Young names 19 to join partnership July 2, 2012 AUDITOR Ernst & Young yesterday named the 19 new admissions that will join its partnership this week, bringing the total number of new partners recruited to the firm’s UK and Ireland offices to 43 over the past year. Across Ernst & Young’s entire Europe, Middle East, India and Africa operations 187 employees have joined the [...]
ANALYST VIEWS | WHAT DO YOU MAKE OF SERCO’S STRATEGY? July 2, 2012 KEITH BOWMAN HARGREAVES LANSDOWN With growth at Serco largely emanating from emerging markets such as Africa and Asia, a retreat from more pedestrian regions is understandable. Despite the recent half year trading update, which placed greater investor faith on the second half, consensus opinion remains favourable. TONY SHEPARD CHARLES STANlEY Serco is looking to focus [...]
What Britain must do to win back investors from a surging Germany June 19, 2012 BRITAIN is on the verge of losing its foreign direct investment (FDI) crown. After a 15 year record as the leading European destination, the investment tide has begun to flow away. While the UK remains Europe’s top destination for inward projects, we will lose this crown to Germany, within two years, unless action is taken. [...]