Pride in London 2017: Barclays leads host of Britain’s biggest firms in support of LGBT+ event June 23, 2017 City stalwarts and some of the UK’s largest companies have rallied in support of Pride in London 2017. A raft of the great and the good from the corporate world have stepped up to sponsor the event. Barclays is one of two headline sponsors together with the Mayor of London office. This year’s event takes [...]
Lehman Brothers creditors should share extra £5bn in interest payments, Supreme Court rules May 17, 2017 The UK’s highest court today ruled that claimants against the main European arm of Lehman Brothers should receive at least £5bn in interest payments. All original claims, totalling around £36bn, have been paid out by Lehman Brothers administrator PwC. The Supreme Court today said that the creditors, largely made up of hedge funds, should receive [...]
PwC promotes record 61 equity partners, boosting female partnerships to 174 June 20, 2016 PricewaterhouseCoopers (PwC) has broken its own record by promoting 61 employees to equity partner status. This is the third year in a row that the accountancy firm has increased its investment in staff. Almost one third (28 per cent) of the new partners are female, bringing the firm’s total number of female partners to 174 – more [...]
A ‘truly global Britain’ would abolish air passenger duty August 16, 2017 Airlines play a fundamental role in connecting the UK to the world. Businesses require passenger and freight services so they can operate and invest in the UK, as well as export goods to global markets. At the same time, millions of Brits each year depend on airlines to connect them with loved ones and enjoy [...]
DAC Group has acquired Edinburgh-based digital marketing specialist Ambergreen August 15, 2017 Edinburgh based Ambergreen has joined forces with one of the largest independent digital marketing agencies in North America. When Canadian digital media agency DAC Group was exploring growth opportunities in Europe, Edinburgh-based digital marketing specialist Ambergreen was a natural fit. "DAC is headquartered in Toronto, Canada and has about 400 people across 16 offices,” explains [...]
Up to 30pc of jobs are at risk of being replaced by automation by 2030 – but it’s not all bad March 24, 2017 As many as a third of all jobs in the UK are at risk of being lost to machines within the next 15 years, fresh research reveals. However, it’s likely that technologies related to artificial intelligence will create new jobs, according to the research from PwC, and automation will boost productivity and wealth overall, offsetting [...]
Two-thirds of workers feel unsupported by managers over mental health issues as the City ramps up its efforts to improve | City A.M. May 8, 2017 More than 150 City firms spanning banks, professional services companies and law firms, are teaming up to try and change how mental health in the workplace is dealt with. Thousands of staff in the City of London, and across the UK, will wear green ribbons as part of a campaign, inspired by PwC’s Green Light [...]
Oscars Best Picture screw-up: City stalwart is investigating how the award was handed to the wrong film February 27, 2017 Last night's Oscars ceremony took a surprising and extremely awkward turn when the big prize – the Best Picture award – was mistakenly handed to the wrong film. Stars Warren Beatty and Faye Dunaway announced that La La Land had won, as was widely expected. The film's producers were midway through their acceptance speeches when Beatty interrupted [...]
Ukraine is set for a new lease of life: A country at war tries to return both to normality and the bond markets July 24, 2017 Ukraine’s prospects are looking up. Two years ago, the country’s then finance minister Natalie Jaresko was seeking fiscal aid. The economy was shattered by war with Russia, which saw GDP plummet by 9.7 per cent in 2015. Things look rather different for her successor. Oleksandr Danylyuk, a former executive with consultant McKinsey in London, took [...]