London £4 trillion stock market sees profit warnings hit financial crisis levels January 30, 2023 Profit warnings issued by companies on London’s £4 trillion stock market surged over the last year, propelled by swelling costs squeezing margins, a new report out today reveals. Against a backdrop of skyrocketing energy prices and slowing demand amid cost of living crisis, businesses have had to tell shareholders to brace for profits to come [...]
EY Germany likely to slash hundreds of jobs as Wirecard scandal fall out casts shadow over future profits January 26, 2023 EY’s German arm is planning to cut 40 partners and 380 staff as it attempts to boost profitability in the wake of the Wirecard scandal. The Big Four accounting firm’s German business is in talks to ditch hundreds of jobs after top audit clients including Commerzbank, DWS, and KfW pulled away from the firm following [...]
Britishvolt bidding war hots up as Australian start-up throws hat in the ring January 25, 2023 Britishvolt could be the subject of a bidding war, after an Australian battery start-up threw its hat in the ring with a takeover offer.
The Notebook: Jimmy McLoughlin on ChatGPT, a healthy EY boss and the Scotch industry January 25, 2023 The political aide turned podcast host riffs on ChatGPT, the Scotch industry and RSVPs to the party of the year
UK consulting firms no longer filled with Russell Group uni grads, new research shows January 23, 2023 British consulting firms are no longer dominated by Russell Group university graduates, according to new research from the Management Consultancies Association (MCA). Instead, the proportion of graduates from Russell Group universities – a group of 24 of the UK’s “leading” research universities, including Oxford and Cambridge – working in consultancies has more than halved [...]
Recession to be more than twice as bad as first feared, forecasters warn January 23, 2023 The much touted coming recession in Britain will be twice as bad as first feared, new forecasts out today reveal. Soaring prices coupled with the Bank of England’s efforts to tame them are set to deal a heavier blow to GDP than projected just a few months ago. According to the EY Item Club, the [...]
Private finance firms have fewer women leaders than listed rivals, new research shows January 23, 2023 Financial services companies that are structured as privately-owned partnerships have significantly fewer women in leadership positions than their publicly-listed rivals, new research shows. Fewer than one-sixth (15.1 per cent) of partners in privately-owned finance firms are women, according to research from employment law firm Fox & Partners. By comparison, women account for 43 per [...]
Lloyd’s of London boomers told to move aside and listen to millennials January 19, 2023 Lloyd’s of London must make sure millennials and zoomers are playing a part in creating the marketplace’s future, the trade body that represents Lloyd’s insurers has said. In a new manifesto, the London and International Insurance Brokers’ Association (LIIBA) called for a return to the underwriting room, as it argued younger generations will be vital [...]
Britishvolt collapses into administration after struggling battery start-up fails to secure a buyer January 17, 2023 Britishvolt has collapsed into administration, in a hammer blow to Britain’s hopes of a building its own electric vehicle industry.
Britain’s forty-something-year-olds are in the sweet spot of working adults January 17, 2023 As young workers struggle with low pay and high rent, and over-50s jump out of the workforce en masse, those in the sweet spot of work in the UK seem to be those in their forties, writes Elena Siniscalco