City Moves for 6 June 2016 | Who’s switching jobs June 6, 2016 Deloitte Deloitte has announced Matt Ellis as new managing partner for tax in the UK and Switzerland. He takes over from Andy Hodge who led the practice for the past five years and is retiring from the firm. Matt has held a variety of positions in Deloitte, including in regional offices in Southampton and Reading as well as London. Most [...]
Deloitte: easy fixes among public sector workers could save Treasury £72m October 15, 2015 Marginal improvements in productivity among public sector workers could deliver savings of £72m, according to a new report out today from Deloitte and the think tank Reform. The report finds that by freeing up just one hour of public sector workers’ time over the course of an entire year, the Treasury could gain £57.7m in [...]
London’s the best place in the world for fostering fintech as industry eyes new success measures September 27, 2016 London is the best city in the world for fostering fintech, ahead of New York, Silicon Valley and Hong Kong – but it faces a run for its money from Singapore – as the industry pushes for better measures for assessing its contribution to the economy and the government's new industrial strategy. The two cities were ranked highest based [...]
One huge hint that Snapchat’s working on a VR device September 5, 2016 Nobody asked for it, but Snapchat messages might soon be coming to you in a virtual world. The messaging startup, which has been flirting with an IPO for some time, has inadvertently dropped the biggest hint yet that it is delving into virtual reality technology – and specifically, into the hardware side of things. Read more: [...]
Japan’s Itochu tumbles after being stung by US-based short seller Itochu July 27, 2016 Shares in Japan's Itochu hemorrhaged overnight, after the trading house was targeted by California-based short seller Glaucus. Glaucus alleged that it had inflated its profits, particularly in relation to a $1.5bn investment in a Columbian coal mining assets. It said that Itochu hadn't booked any losses on this, despite turmoil in the thermal coal industry. The company's shares tumbled more than 10 per cent in [...]
How your business can produce the next Ada Lovelace October 11, 2016 Ever wondered why you struggle to hire women? This is a question often thrown in our direction at GeekGirl Meetup UK. It’s still not good enough that, according to Deloitte, women make up 18 per cent of the UK’s tech industry. There are numerous reasons why you may struggle to hire women in tech and why [...]
Fewer FTSE 250 executives took a pay rise this year but bonuses are still 120 per cent of salary according to Deloitte report November 13, 2015 FTSE 250 “are once again demonstrating restraint” in their salary awards, in response to investor pressure. This year 38 per cent of chief executives and 29 per cent of executive directors received no pay rise, up from last year when 30 per cent and 27 per cent respectively had no salary increase, according to a Deloittereport, [...]
How to get a job at Deloitte: It doesn’t care which university you went to September 30, 2015 If you're a school leaver who missed out on getting a place at Oxbridge, worry not – for accountancy giant Deloitte has become the latest City institution to say that as long as your qualifications are ok, it doesn't care which university you went to. The company said it wants to rid its halls of [...]
Traditional banks’ dominance of lending market set to continue despite peer-to-peer growth, report finds May 23, 2016 Banks will fight off competition from non-traditional lenders and continue to dominate the borrowing market over the next decade, a Deloitte report has suggested. The firm’s Marketplace Lending report estimates that by 2025 marketplace lenders (MPLs), previously known as peer-to-peer (P2P) lenders, will account for up to around six per cent, or £35.5bn, of the [...]
Summer transfer window 2016: Premier League clubs spending more money on fewer players as new broadcast deal kicks in July 9, 2016 Premier League clubs have spent well over £100m more on new players in the first week of this year's summer transfer window than they had at the same point last season, despite purchasing fewer players. The guaranteed windfall of at least £99m from a new £8bn broadcast deal which starts this season, a loosening of financial fair play restrictions [...]