Europe’s finance chiefs stay positive despite Brexit woes November 15, 2016 Finance chiefs across Europe are worried about Brexit, but remain confident their business has what it takes to make it through the uncertainty, research published today has found. While two-thirds (67 per cent) of those surveyed by Deloitte felt there was a high degree of financial and economic uncertainty facing their business at the moment, a [...]
Wimbledon tops most-attended list as British fans continue to flock to live sport December 14, 2016 Britons snapped up tickets for live sporting events at a rate of more than one for every person in the country this year, according to research published today by Deloitte. Attendances reached 69.8m in 2016 and were only 700,000 down on last year’s figures, despite the lack of a major showpiece event such as the 2015 [...]
Powa founder Dan Wagner paid £50,000 to another company before administrators were called in on fintech unicorn November 20, 2016 The former owner of collapsed fintech start-up Powa Technologies paid £50,000 to a company he owned in January this year, shortly before administrators were called in to break up the company. Dan Wagner, the charismatic founder of the London-based firm, paid the money to Bright Station Ventures in January of this year, as was first reported [...]
More than half of businesses in the UK, US and Germany aren’t fully prepared to deal with a cyber attack February 7, 2017 More than half of businesses (53 per cent) in the UK, US and Germany aren’t fully prepared to deal with cyber attacks, according to a new study of 3,000 companies. Specialist insurer Hiscox’s cyber report – which assessed firms on strategy, resourcing, technology and process – found that UK firms are least likely to have [...]
Work and Pensions Committee to pick over Vauxhall pension scheme and its £840m deficit, as well as retirement funds at BHS and Bernard Matthews March 7, 2017 A group of MPs revealed today they are having a closer look at Vauxhall's pension pot, the day after it was announced the European unit of the motoring brand's owner was being purchased by French car firm PSA. The Work and Pensions Committee also said it is scrutinising the status of Bernard Matthews' retirement funds and the recent £363m settlement [...]
Virtual reality and contactless payments among the six biggest tech trends set to impact on the consumer business sector in 2016 according to Deloitte March 21, 2016 Businesses will have to respond to a number of new technological trends this year, or risk losing out to competitors, according to the Deloitte Consumer Review: Digital Predictions 2016. The financial services firm has identified six of the biggest digital technology trends that will shake up markets this year, and warned that consumer-facing firms will need adapt rapidly [...]
City Moves for 2 March 2017 – who’s switching jobs? March 2, 2017 Today's City Moves cover commodities platforms, pensions and tourism. Take a look at these movers and shakers: Kynetix Matt Dolton has been appointed chief executive of Kynetix, a leading provider of platforms which connect financial markets to the physical economy. Matt is one of the co-founders of Kynetix and has been spearheading the company’s strategy [...]
Retail sales fall during January as economists expect inflation to drag further on spending February 17, 2017 Retail sales grew at the slowest pace in more than three years, with economists pointing to inflationary pressure starting to weigh on consumer spending. Sales fell by 0.3 per cent month-on-month during January, with 1.5 per cent annual growth the slowest since November 2013, according to the Office for National Statistics. Sales also declined quarter-on-quarter, [...]
World’s richest football clubs 2016 revealed: Manchester United, Manchester City, Arsenal and Chelsea lead way as Premier League tightens its stranglehold on Deloitte’s Football Money League January 21, 2016 [custom id=”125″] All 20 English Premier League clubs could feature among the world’s 30 richest football teams once bumper new television contracts worth £8bn kick in next season. Read more: Man Utd poised to replace Real Madrid at top of rich list That forecast, which underlines the financial superiority enjoyed by even modest English sides [...]