More women in tech? We need a Good Wife for science December 23, 2015 The tech sector needs women. This isn’t a question of political correctness; tech businesses must have diversity at all levels to stay creative and innovative. In addition, women are of course huge consumers of technology products and services, so it makes sense that technology organisations should develop female talent. Ultimately, without women, the UK’s impressive [...]
Why chess masters have the advantage in business December 23, 2015 This month saw a host of entrepreneurs and business people line up to bid for the chance to play chess alongside some of the world’s greatest chess professionals in the Pro-Biz Cup, held at London’s Olympia. The two arenas – those of chess and business – may not seem at first to have any [...]
City Moves for 23 December 2015 | Who’s switching jobs December 22, 2015 KPMG David Ferbrache has joined KPMG as a technical director to enhance the capabilities of the firm’s growing cyber security practice. Prior to working for KPMG, David was the head of cyber & space at the Ministry of Defence. He will lead the development of future cyber security services and advise KPMG’s key clients on [...]
EY’s Japanese business suspended and fined 2.1bn yen over Toshiba reporting December 22, 2015 EY's Japanese arm has been handed a 2.1bn yen (£11.7m) over failings related to Toshiba, it was revealed today. In a statement, Japan's Financial Services Agency (FSA) said it was suspending Ernst & Young ShinNihon from accepting new engagements from 1 January until 1 March 2016, and handed it a 2.1bn yen fine. "Partners of the firm [...]
How to get more women in STEM: Celebrate female talent and role models to change young girls’ perceptions December 22, 2015 There has never been a better time to be a woman in STEM. Indeed, women now make up a record number of FTSE 100 board positions and they are increasingly represented in high profile STEM roles. The current presidents of both the Royal Academy of Engineering and the Institute of Engineering and Technology, for example, [...]
Koovs revenues soar but losses widen December 22, 2015 Revenues at Waheed Alli's Indian etailer Koovs have rocketed in the six months to 30 September – but losses have widened as the firm expands. The figures Sales at the London-listed fashion business soared 144 per cent to INR199.2m (£2m), up from INR81.7m last year. But losses widened to INR570.6m, up from INR359.5m last year. The company said [...]
Fintech adoption could double among digitally active consumers in the next year December 21, 2015 Consumers' love of technology is growing at such a pace that their adoption of financial technology (fintech) could double in the space of a year. According to a survey of more than 10,000 digitally active consumers from around the world released today by EY, 16 per cent have used at least two fintech services in the last six months, [...]
Last minute Christmas shopping could lead to £1.3bn being spent on UK high streets, and that’s not the end of it: get ready for the Boxing Day and New Year sales December 21, 2015 If you've left your Christmas shopping to the last minute, you're not alone. Britons will spend £1.3bn on 23 December alone, which is set to be the busiest day on the high street. Expect crowds. Shoppers will make 37 million in-store transactions on Wednesday, up 10 per cent from 2014, and total spending is predicted to rise by three [...]
The number of UK coffee shops have more than doubled in the last decade December 21, 2015 The UK's love for coffee is booming, with the number of coffee shops more than doubling in the last decade. A new report shows there are now 20,728 outlets across the UK, one for every 3,000 people – up from 8,887 outlets in the UK ten years ago. The study, by Allegra Strategies, also found that [...]
Think tank Civitas: The government must have more control of the UK’s borders if it wants to solve the housing crisis December 21, 2015 An open door policy to immigration from the European Union will exacerbate the housing crisis, a new report has warned. The report, written by former minister Frank Field, warned that it will become “incredibly difficult” to meet the rising demand on homes that will result from population growth that is driven "almost exclusively" by immigration. [...]