EY to hike headcount by 2,000 September 22, 2013 PROFESSIONAL services giant EY is hiring another 3,700 staff at all levels over the coming nine months, a recruitment push that is expected to increase its overall headcount by around 2,000, the group said last night. As the economic recovery takes hold the group, formerly called Ernst and Young, is expecting an increase in demand [...]
Retailers record unexpected dip in August sales September 19, 2013 RETAILERS failed to match July’s strong activity last month, with a 0.9 per cent month-on-month drop in sales revealed by the Office for National Statistics (ONS) yesterday. However, sales were still up in comparison to August 2012, rising by 2.1 per cent over the 12-month period. August’s drop was driven by a decline in food [...]
Price rises still soaring above wages in August September 17, 2013 INFLATION continued to stay well above target as the summer came to a close, with retail prices still steaming well ahead of feeble increases to salaries this August. Last month, consumer price index (CPI) inflation was up by 2.7 per cent on August 2012, according to figures released by the Office for National Statistics (ONS) [...]
Analyst Views: What do new labour market figures mean for the economy? September 11, 2013 HOWARD ARCHER | IHS GLOBAL INSIGHT “Earnings growth may well pick up over the coming months, but the increase seems likely to be gradual as companies look to contain their costs in a still very competitive environment and still appreciable labour market slack limits workers’ ability to push for higher pay. CHRIS WILLIAMSON | [...]
The Nominations: A very warm welcome to the shortlists for the City A.M. awards 2013 September 8, 2013 TODAY we kick off the countdown to this year’s City A.M. Awards with the first of the shortlists for an event that has rapidly established itself as a highpoint in the annual calendar. Our awards, now in their fourth year, celebrate all of the City’s main sectors and the people that make sure London remains [...]
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 [...]