Funding crisis puts 1,700 jobs at risk over Christmas at printer Polestar December 6, 2015 An emergency financial review at printer Polestar has reportedly found the firm could run out of money by Christmas. According to a Deloitte report seen by the Sunday Times accountants at Deloitte have warned the printer, which produces the Radio Times, Private Eye and Top Gear, will need to take on additional immediate funding. It’s being [...]
Techies and retailers beat the bankers to win 100 free lunches in Deliveroo’s corporate competition February 29, 2016 IT’S SAFE to say that City workers are bracing themselves for a disappointing bonus season. Reports earlier this month found that banker’s bonuses could plummet by almost 10 per cent, but City firms are trying to make up the difference by winning free lunches for their workforce. Up-market fast food transporter Deliveroo has launched a competition [...]
Premier League’s unpredictable season is a sign of things to come, say football industry experts January 13, 2016 It has been one of the most notable phenomena of this season but the Premier League’s increased competitiveness is here to stay, according to industry experts. English clubs’ financial strength has allowed even modest top-flight teams to beat leading European sides to top talent, as illustrated by Stoke’s summer signing of £12m Switzerland winger Xherdan [...]
RBS is replacing several financial advisers with “robo advice” and the FCA has welcomed the news – it’s time to stop worrying and learn to love the robots March 15, 2016 RBS slashed hundreds of jobs this week, replacing some of its financial advisers with so-called “robo advice”. The announcement was closely followed by news that the City’s watchdog, the Financial Conduct Authority (FCA), has welcomed our new robot overlords employees. A seven-month FCA study into the financial advice sector, conducted with Treasury assistance, concluded that [...]
Record M&A boom could lead to $2 trillion in cost savings after $4.9 trillion of deals in two years December 1, 2015 The global boom in M&A could result in nearly $2 trillion (£1.33 trillion) in savings for companies, according to data from Deloitte. Since January 2014, $4.9 trillion-worth of corporate deals have been announced, and if all the cost-savings promised are delivered, companies could add between $1.5 and $1.9 trillion to their value, making the annualised savings worth around three to [...]
Credit cards at the ready: UK retail sales jump in January February 19, 2016 The UK's consumers put themselves into a buying frenzy in January, if official retail figures are anything to go by, with sales increasing 5.2 per cent on last year. And it seems Christmas was but a blip on consumers' radars: the quantity bought in the retail industry increased 2.3 per cent compared with December – [...]
EU referendum: Airbus warns that Leave vote could lead to a fall in investment in UK April 4, 2016 Airbus has written to its UK employees to warn about the risks of leaving the EU, stating that Brexit could result in a cut to its investment in the UK. In a letter to its staff, Airbus said that it makes "good economic sense" to remain in the 28-member bloc, adding "we simply don't know what [...]
A family affair: How Ben and Ollie Black built their childcare empire June 6, 2016 Two minutes with the Black brothers and Laurel and Hardy come up. “You know, ‘another fine mess you’ve got me into’,” says Oliver Black, describing how he initially conceived of working with his brother. “I spent Christmas trying to convince Ollie that I knew about buying a company,” says Ben Black. The pair bought failing childcare [...]
EU referendum: Travel association Abta says uncertainty after Brexit vote would likely weaken the pound making holiday and business travel abroad more expensive March 14, 2016 The period of uncertainty following a Brexit vote would have an impact on the pound, making the cost of holidaying more expensive, as well as adding costs for UK businesses to buy abroad, the UK's largest travel association has said. In a report titled What Brexit might mean for UK Travel, Abta and Deloitte found [...]
Everton takeover: Farhad Moshiri purchases 49.9 pc of the club after selling stake in Arsenal February 27, 2016 Everton will receive fresh investment after Britisih-Iranian billionaire Farhad Moshiri purchased 49.9 per cent of the Premier League club. The former Arsenal shareholder, who has a net worth of £1.3bn according to Forbes, beat Americans John Jay Moores and Charles Noell to a deal. Moshiri sold his 15 per cent stake in Arsenal to business partner [...]