Ad industry sets out Brexit demands as 2016 spend figures beat expectations January 26, 2017 The advertising industry has today set out its Brexit demands as new data shows it contributes £120bn annually to the UK economy. The Advertising Association (AA), which has also published figures showing ad spend survived the Brexit vote last year, wants the UK’s strength to be preserved and also for EU red tape to be scrapped. [...]
Hewden launches urgent search for backers as debt woes stack up October 30, 2016 Digger firm Hewden has launched an urgent search for new backers amid money concerns which could put more than 1,000 jobs at risk. The company, which rents diggers, cranes and other heavy machinery to building sites across the UK, is dealing with a cash shortage which it blames on “market uncertainty following the vote to leave [...]
This is the City employer students most want to work for January 6, 2017 Goldman Sachs has knocked Google off the top-spot as the place students most want to work. The firms have switched places in a survey compiled by salary benchmarking site Emolument that looked into the career aspirations of 600 soon-to-be graduates. Google was the only business in the top 10 that was not a consultancy firm or [...]
News industry contributes £5bn to UK economy, but is at risk of being “fatally undermined” by digital giants December 14, 2016 The news media industry contributes more than £5bn to the UK economy, according to a new report out today. But the sector is at risk of being “fatally undermined” by digital giants that benefit from its content without contributing to the costs. The study by Deloitte, commissioned by the News Media Association (NMA) and published today, [...]
Estate agent Lambert Smith Hampton is up for sale December 15, 2016 Countrywide has put estate agents Lambert Smith Hampton up for sale, according to reports. According to Estates Gazette, Countrywide are hoping for a sale to close next month and is making the sale through Deloitte. Read more: FTSE reshuffle: Travis Perkins, DFS and Countrywide are on the way out Countrywide issued a profit warning last [...]
Senior government officials are considering quitting because there’s no ‘clear’ Brexit plan November 17, 2016 London — The British government's lack of a clear Brexit plan is prompting senior officials to think about quitting, according to the former head of the Foreign Office in Britain, Sir Simon Fraser. Sir Simon said during a House of Commons Committee hearing that "civil servants don’t feel they have clear political direction at the moment," [...]
The meatiest deal of 2016? Private equity firm buys majority steak in Dutch butcher December 13, 2016 A European private equity group has announced a meaty new acquisition. Equistone Partners Europe has bought a majority stake in Group of Butchers alongside the Dutch firm’s current management. Founded in 1997 under the name Dutch Grill Specialities and headquartered in Tilburg, Group of Butchers is a producer of high-end meat products sold at supermarkets [...]
KPMG and BDO among group of consultants set to publish New Year’s resolutions January 9, 2017 By this point in January, many are already lamenting their failed efforts to stick to their New Year's diet, hit the gym every morning or stay away from the sauce. Not to be deterred, City A.M. has learnt a group of well-known names in consultancy are set to publicly pledge their resolutions for the new year [...]
Private equity-backed accountancy firm challenger expands with new investment October 12, 2016 A newly-formed private equity-backed accountancy group has announced a new investment. CogitalGroup, which was founded this summer by private equity firm HgCapital and former Deloitte UK chief executive John Connolly, this morning announced a deal with Baldwins. The accountancy firm has 27 offices across the UK, employing 650 people. Connolly will join the board of the company, [...]
Dominance of the big six has led to lack of spending in January transfer window January 18, 2017 Premier League clubs’ relative restraint during the current January transfer window is a result of the increasing dominance of the leading six clubs, according to a leading football finance expert. Flush from a new £8.3bn, three-year television deal, England’s top-flight teams spent a record £1.2bn on new signings in the summer, yet they have invested [...]