Rail adds £10.1 bn to UK economy September 21, 2015 Britian’s rail industry is adding up to £10.1bn a year to the national economy, according to a new report. Economists at Oxera Consulting carried out the research on behalf of the Rail Delivery Group, an industry lobby group representing train operators. The economists found that rail boosts economic productivity by up to £11.3bn each year [...]
City Moves for 16 September 2015 | Who’s switching jobs September 15, 2015 BARCLAYS Ian Gilmartin has been appointed head of retail and wholesale for Barclays’s corporate bank. He has over 20 years’ experience and has spent the past five years as part of the leadership in Barclays’ retail and wholesale team. Gilmartin has also held roles at Dresdner Kleinwort Benson and Allied Irish Banks. DELOITTE The business [...]
Minister slams Corbyn’s public railway promise September 13, 2015 THE GOVERNMENT is using new data out today on the rail industry to take issue with the newly-elected Labour leader Jeremy Corbyn. Corbyn has argued for renationalising the railways, saying that returning the train system to public ownership would lead to lower fares and better services. But a new report out today from the Rail [...]
UK wage growth slows as unemployment rises again September 9, 2015 Sterling fell to a one month low against the euro after data showed Britain's bumper wage growth has slowed, as unemployment rose again. Annual average weekly wages, including bonuses, rose 2.4 per cent in the three months to June, according to data released today by the Office for National Statistics. That's down from the 3.2 per [...]
Retailers blame late bank hols for drop in sales September 8, 2015 BRITISH retailers suffered a sharp drop in sales last month after the later timing of the August Bank Holiday distorted trading figures, according to figures out today. Retail sales fell by one per cent on a like-for-like basis from August 2014, when they had increased 1.3 per cent on the preceding year. On a total [...]
Small firms less upbeat as skills gap gets wider September 6, 2015 The supply of skilled workers available for London firms to hire is plunging at its fastest rate for 18 years. The skills shortage adds to the headache of small businesses, which have had a worrisome summer after the introduction of a national living wage and higher dividend taxes. The Recruitment and Employment Confederation’s (REC) barometer [...]
Bank to announce rates decision as China woes weigh – London Report September 6, 2015 THE BANK of England will be centre of attention on Thursday when it provides a simultaneous release of its monetary policy decision and minutes from its monetary policy committee (MPC) meeting. The MPC is almost certain to keep interest rates unchanged at 0.5 per cent, with worries about China and oil price declines meaning other [...]
IPPR: Investing in the North of England could lead to Victorian-style growth – but without it, it will be “condemned to mediocrity” September 3, 2015 The economy of the North of England could grow at a scale "not seen since the Victorian era of municipal development", a new report has suggested – but without the investment it needs, the region will be "condemned to mediocrity". The report, by the Institute for Public Policy Research (IPPR) North, showed the "massive potential" [...]
City Moves for 01 September 2015 | Who’s switching jobs August 31, 2015 KPMG Stan Chaudhry has been appointed director in the professional services firm’s UK investment management team. He joins from Brook Bay Capital, where he was chief operating officer. Chaudhry has also held senior operational and finance roles at Thames River Capital. Penna Consulting The human resources consulting firm has appointed Penny de Valk as an [...]
Butchery firm moves its prime cuts up in executive promotions August 27, 2015 CRAWSHAW Group yesterday announced Alan Richardson will be appointed chief financial officer, taking the reins from Lynda Sherratt on the 1st October 2015. Richardson joins Crawshaws from the 7 September following five years at Morrisons where he worked in a range of senior finance roles. After qualifying as an accountant with KPMG in 2001, he [...]