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 [...]
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: [...]
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 [...]
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 [...]
The business secrets behind Real Madrid’s Champions League success (hint: it’s not just the galacticos) February 15, 2017 Any mention of Real Madrid and most would think of lavish transfer fees, “galáctico” celebrity signings, huge riches and — of course — a sparkling trophy cabinet stuffed with silverware. Madrid take on Napoli in the Champions League tonight ranked among the favourites to win the competition, a feat that would secure them both a record [...]
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 [...]
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 [...]
Have Manchester United reached peak noodle partner? Why the club’s status as football’s commercial kings may be under threat February 11, 2017 Manchester United’s commercial power could be plateauing. Figures revealed this week in the club’s second quarter report suggest United, who have been more effective at selling their brand to sponsors than any other football club in the world in recent years, may have finally reached peak noodle partner. United’s commercial income came in virtually unchanged compared [...]
HgCapital investment trust’s share price soars on rising revenue and earnings September 12, 2016 HgCapital Trust’s share price jumped five per cent today after reporting revenue and earnings growth. The figures The company, which gives investors exposure to private equity firm HgCapital's portfolio, reported revenue growth of 12 per cent in the first six months of the year. Earnings before interest, taxation, depreciation and amortisation (Ebitda), meanwhile, were up 22 [...]