Administration filings tumble despite major retail insolvencies August 18, 2018 The number of firms falling into administration fell dramatically in the second quarter of the year, despite a series of high profile insolvencies hitting the headlines in recent months. A total 302 companies entered administration in the three months from April to June, marking a 13 per cent fall from the previous quarter. However, the figure [...]
Turf war: Law firm bosses see Big Four as ‘threat’ as they aggressively expand into legal sector | City A.M. August 8, 2018 The City’s top law firms are keeping a wary eye on the Big Four accountancy giants as the beancounters expand into the $600bn (£465bn) global legal services market. Managing partner of City law firm Fieldfisher Michael Chissick said: “They have very ambitious plans, that isn’t in doubt, audit is in decline and it is low [...]
London’s audit giants are muscling in on law firms August 8, 2018 The City's top law firms are keeping a wary eye on the Big Four accountancy giants as the beancounters expand into the $600bn (£465bn) global legal services market. Managing partner of City law firm Fieldfisher Michael Chissick said: “They have very ambitious plans, that isn’t in doubt, audit is in decline and it is low [...]
Data scientists top the hiring wishlists of the UK’s CEOs | City A.M. August 7, 2018 Chief executives of the UK’s biggest businesses have identified data scientists as the most important workforce capability for supporting their plans for future growth. The skill scored the top spot in 69 per cent of answers by UK bosses, followed by experts in emerging markets and emerging technology. Data compiled by KPMG revealed that the [...]
The tech sector needs to boost gender diversity and get more women into the industry August 2, 2018 Gender diversity in the technology sector remains a hotly debated topic, amid scandals, global campaigns, and social media movements. Simply put, there is still not enough diversity. Take a look at the US. Examine the employee data for Facebook, Amazon, Apple, and Alphabet’s Google (four members of the illustrious FAANG stocks), and you will find [...]
UK fintech tops the US on investment for the first half of 2018 July 31, 2018 The UK has come out on top globally in terms of fintech investment for the first half of the year, surpassing the US for the first time and taking the crown in Europe to attract $16.1bn (£12.3bn) out of the continent's $26bn total. Four of Europe's top 10 fintech deals happened in the UK, which included [...]
Bank of England: Economists split as monetary policymakers set out into the unknown | City A.M. July 30, 2018 The Bank of England is widely expected to raise interest rates on Thursday, but the decision by the monetary policy committee (MPC) is likely to be one of the most controversial in recent memory. While most City observers now think rates will rise, economists are split as to whether hiking borrowing costs amid a weak [...]
Cisco channels $100m into the UK’s artificial intelligence tech sector | City A.M. July 19, 2018 Global telecoms tech firm Cisco has announced it will be investing $100m (£76.8m) into digital innovation in the UK, with a focus artificial intelligence, data and self-driving cars. Backed by Prime Minister Theresa May and digital secretary Jeremy Wright to run in tandem to the government’s industrial strategy, Cisco will partner with University College London [...]
Steak restaurant chain Gaucho has filed for administration July 18, 2018 Steak restaurant Gaucho is expected to fall into administration as early as today after rescue talks for the chain failed. The company has filed a notice of intention to appoint an administrator, it confirmed this morning. “Despite an extensive options process which attracted proposals from a number of parties, it is with regret that due [...]
Steak restaurant chain Gaucho has filed for administration | City A.M. July 18, 2018 Steak restaurant Gaucho is expected to fall into administration as early as today after rescue talks for the chain failed. The company has filed a notice of intention to appoint an administrator, it confirmed this morning. “Despite an extensive options process which attracted proposals from a number of parties, it is with regret that due [...]