More restaurant chains could close stores after poor Christmas sales January 19, 2018 Christmas trading was disappointing at Britain’s restaurant and pub groups, with sales slightly down on 2016. Like-for-like sales declined 0.1 per cent against the previous year’s festive period, according to the Coffer Peach Business Tracker. Drinks-led businesses fared better than restaurants and gastro pubs, with drinks sales up 1.8 per cent across pubs while food [...]
Taxman “rubbing its hands with glee” over bitcoin December 13, 2017 Interest in bitcoin has continued to boom despite concerns that the bubble could burst at any moment, and regulators are struggling to keep up. Today, news emerged that South Korea was considering taxing capital gains from cryptocurrency trading, prompting questions of how bitcoin could be taxed in the UK. “Any moves to introduce CGT [capital [...]
Disruptive law firm Keystone reveals £50m float plans November 16, 2017 Disruptive law firm Keystone today announced plans for a £50m float to boost its brand and enhance growth prospects. Founded in 2002, Keystone was one of the first so-called "platform" firms. The company sits as an umbrella, allowing smaller firms to operate out of their own offices but under Keystone's brand. Lawyers do not receive [...]
Disruptive law firm Keystone reveals £50m float plans November 16, 2017 Disruptive law firm Keystone today announced plans for a £50m float to boost its brand and enhance growth prospects. Founded in 2002, Keystone was one of the first so-called “platform” firms. The company sits as an umbrella, allowing smaller firms to operate out of their own offices but under Keystone’s brand. Lawyers do not receive [...]
London businesses suffer the highest level of employee frauds in the UK September 18, 2017 British businesses lost at least £40m last year from frauds perpetrated by their own employees, with London accounting for the largest chunk by far, new data published today has revealed. Losses from employee fraud were highest in the Greater London area covered by the Metropolitan Police, at £7m in 2016/17, according to government figures obtained [...]
City Moves for 17 February 2017 – who’s switching jobs? February 17, 2017 Today's City Moves cover auditing, utilities and risk consultancy. Take a look at these movers and shakers: RSM Audit, tax and consulting firm RSM has appointed Rowan Williams as the new managing partner in its Gatwick office. In her new role, Rowan will be in charge of growing the firm’s presence in the Gatwick Diamond [...]
Has the bond bull run’s bubble burst? Unpicking the Trump effect and other influences that will shape the bond market in 2017 January 16, 2017 The election of Donald Trump as US President shocked the world and shocked the world’s markets. Yet that early reaction quickly morphed into euphoria, as stock indices in America experienced huge inflows and hit record highs. For investors left high and dry as trillions of dollars drained from safer fixed income bonds into riskier equities, the [...]
Single Market access is top priority for EU businesses after UK leaves EU, while 58 per cent see Brexit as a threat December 20, 2016 Access to the UK as part of the Single Market is the highest priority for European businesses in the upcoming Brexit negotiations, a new survey says. Single Market access is the most important factor for 29 per cent of EU businesses with UK operations, according to a poll of 700 business leaders by accountancy firm [...]
UK space industry is flying high with 38,500 jobs and strong exports December 8, 2016 THE UK space sector is flying high with growth of 6.5 per cent per annum according to a new report from the UK Space Agency. The sector now supports £250bn of output across the economy as well as 38,522 direct jobs. The total income of the UK space industry grew to £13.7bn in 2014/15, equivalent [...]
City Moves for 26 September 2016 | Who’s switching jobs September 26, 2016 RSM RSM has appointed Bart Somerville as a corporate finance director focusing on business and asset valuations based in the London office. Bart joins RSM from BDO where he was a director in the valuation team. Prior to that Bart worked at Deloitte UK for five years and PwC in Toronto for seven years. He’s provided [...]