Government borrowing falls to lowest yearly level since 2001 with record January surplus February 21, 2019 Government borrowing has fallen to its lowest year-to-date level since 2001 and recorded the largest January surplus since records began. Public sector borrowing from April 2018 through to January was £21.2bn, the lowest at this point in the financial year since 2001, and £18.5bn less than in the previous year. Net borrowing in January itself [...]
EY moves European parent company to Brussels as it prepares for Brexit February 14, 2019 Big Four accountancy firm EY is shifting its legal entity from London to Brussels as it braces for the UK’s exit from the European Union. The move will form a new legal umbrella entity, EY Europe SCRL, which will manage around 40 firms across the continent. EY said there would be no changes in leadership [...]
Former SSE boss Ian Marchant invests in London smart home startup January 21, 2019 A London-based smart home technology startup, backed by the former chief of SSE Ian Marchant, today announced that it has raised £2m in a new funding round. Den, which has now raised a total of £5m, is also backed by Mark Davies, a founder of Betfair. Read more: Stay on top of your resolutions with the [...]
Ollie Phillips: Premiership play-off place in Harlequins’ grasp ahead of trip to under-performing Wasps May 16, 2019 The final weekend of the Premiership season is upon us and there’s plenty to play for, with the last play-off spot still up for grabs. As it stands Northampton Saints are in pole position, occupying fourth, one point ahead of fifth-placed Harlequins. But despite their points advantage I’d rather be in Quins’ position – and [...]
Ollie Phillips: Newcastle face do or die fixture against Northampton in bid to beat the Premiership drop April 25, 2019 What a difference a year makes. Last season Newcastle were toasting a Premiership semi-final place; this time they are staring down the barrel of relegation. It has reached do or die time for the Falcons, who are bottom of the table, seven points behind 11th-placed Worcester with just three matches remaining. Newcastle still have their [...]
BDO completes its merger with Moore Stephens February 4, 2019 BDO has completed its merger with Moore Stephens, forming a new fifth-largest UK audit firm. The announcement arrives alongside new audit contract figures for the Alternative Investment Market (Aim) clients, which show the accountancy firm has expanded its junior market dominance. The new firm – which will operate under the BDO moniker as part of [...]
Employers to boost graduate jobs by record nine per cent in 2019 despite Brexit concerns January 21, 2019 The UK’s top employers are set to boost graduate jobs by a record nine per cent this year despite growing uncertainty over Brexit. The country’s leading 100 graduate employers have indicated a surge in recruitment could be on the horizon in 2019, according to a report conducted by research firm High Fliers. It comes after [...]
City Moves for 19 March – who’s switching jobs at the BBC, Hymans Robertson and Deezer? March 18, 2019 Who’s on the move today? BBC Shirley Garrood will join the BBC board as a non-executive director and chair of the audit and risk committee in July. Shirley, former chief financial officer of Henderson Group, will replace Simon Burke when his term ends on 3 July. She joins on a four-year term. BBC chairman Sir [...]
City Moves for 6 March 2019 – Who’s switching jobs at Muzinich & Co, Duff & Phelps and Mayer Brown? March 6, 2019 Today's City Moves includes movers and shakers from Muzinich & Co, Duff & Phelps and Mayer Brown. Muzinich & Co Muzinich & Co has announced that Archie Beeching has joined as director of responsible investing with immediate effect. In this newly-created role, Archie will focus on strengthening the ongoing integration of the firm’s environmental, social and [...]
British shoppers show signs of ‘more optimism in their outlook’ October 25, 2018 British shoppers are showing signs of cautious optimism in the run-up to Christmas, as low levels of unemployment and rising wages suggest a slight uptick in spending confidence. Just over a quarter of UK retail consumers think they will be better off in the next 12 months, marking an improvement in sentiment compared with last [...]