Ernst & Young grows at fastest pace since 2008 October 8, 2013 ACCOUNTING and consultancy giant Ernst & Young posted a 7.7 per cent rise in global revenues yesterday to $25.8bn (£16bn), as it picked up more work in fraud investigations, advisory services and fast-growing countries. The firm said the pace of growth was at its fastest since 2008, with organic expansion across all of its businesses. [...]
Ice cream seller scoops prize for business savvy October 7, 2013 HEARD about the apocryphal salesman who flogged coal to Newcastle? Well it seems James Lambert has gone one better by managing to infiltrate the notoriously nationalistic Italian marketplace with his ice creams. Lambert, chairman of R&R Ice Cream – which sells brands like Fab, Skinny Cow and Kelly’s of Cornwall – scooped the top prize [...]
Advisory work lifts revenue at Grant Thornton October 6, 2013 GRANT Thornton has posted a 13 per cent surge in annual revenues to £471m as the accountancy firm picks up more advisory work from large-cap firms and mid-cap audit contracts. The firm said turnover in its advisory business rose by more than a fifth in the year to the end of June, helped by an [...]
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 [...]