Banks scramble to get rid of €100bn in junk loans August 11, 2016 European banks either sold or begun working on deals to dump more than €100bn of bad loans in the first half of the year. Research from Deloitte found EU lenders sold a total of €44bn in non-performing loans in the six months to end of June, with another €68bn of offloads in the pipeline. The [...]
Shoppers unfazed by market headwinds as confidence rises – Deloitte October 19, 2015 Optimism in the economy reached a four-year high in the third quarter, according to the latest consumer tracker from accountancy giant Deloitte. Consumer confidence rose by two percentage points to -7 per cent, from -5 per cent in the second quarter. Consumers were apparently unperturbed by the recent volatility global financial markets that saw the FTSE [...]
Revealed: The best places to work in the UK December 7, 2016 Businesses can breath a sigh of relief – the trend of trying to emulate Google's particular brand of work environment with bean bags, slides, hot desking and food freebies might just be over. The tech company has slipped out of the top 10 best places to work list for the first time, coming 13th in the annual ranking by [...]
Philip Hammond says those who want detail on Brexit plans are inviting the government to “undermine our own negotiation” November 20, 2016 Philip Hammond has said the government will "get the very best possible deal that we can for Britain", amid concern European leaders will force a "hard Brexit". Speaking on The Andrew Marr show, Hammond said: "I do understand the frustration among people who would like us to be much more open about what we're thinking of [...]
World’s highest earning football clubs 2016: Arsenal overtake Chelsea as Tottenham, West Ham and Crystal Palace make Deloitte Money League’s top 30 January 21, 2016 They may have swept all before them in a Premier League title-winning campaign of rare dominance last season, but that was not enough to make Chelsea the money-making kings of the capital. Read more: All Premier League teams set to make rich list top 30 The Blues have been eclipsed by London rivals Arsenal in [...]
Goldman Sachs said Powa was on a “clear path to a $50bn” valuation shortly before its collapse October 31, 2016 Goldman Sachs suggested Powa was on a "clear path" to a $50bn valuation in a presentation just months before the so-called British tech unicorn sensationally collapsed. A 60-page document seen by City A.M. shows Goldman valued the British technology company at between $16bn and $18bn in September 2015, five months before its collapse. It also suggested revenues could [...]
Goldman Sachs and Santander have left a major blockchain group November 22, 2016 Goldman Sachs and Santander have both exited one of tech's top blockchain consortiums which is backed by some of the world's biggest financial institutions. Both institutions have quit membership of the R3 group and will not be investing in its latest reported funding round. Santander did not comment on its decision to depart R3, however, it's understood it will [...]
The Premier League’s record-breaking, £1bn-busting summer transfer window summed up in one chart September 1, 2016 Premier League spending reached never-before-seen levels this summer as a record-breaking deadline day sent the division's total outlay soaring past the £1bn mark. The window closed with England's cash rich top divisions spending a total £1.165bn on new players, a 34 per cent increase on the previous record of £870m set last summer according to [...]
Real Madrid fail to reclaim football’s richest crown from Barcelona despite posting club record breaking revenue October 7, 2016 Real Madrid posted the highest revenue figures in the club's history last season, with income breaking the €600m mark for the first time and reaching €620.1m (£560m). Yet the 7.4 per cent rise in income from €577.7m in the 2013/2014 campaign, the Spanish giants were unable to match the record €679m enjoyed by Barcelona last season. It [...]
BT boss says “it’s quite possible” that 80 per cent of today’s jobs won’t exist in the future October 29, 2016 Gavin Patterson probably doesn't want to worry anyone but he thinks it's "quite possible" that 80 per cent of the jobs that people do today won't exist in the future. Yes, 80 per cent. Speaking at the HSBC Innovation Summit on Friday, the BT boss said: "It's a combination of ubiquitous networks, ubiquitous data, ubiquitous [...]