Why Britain’s savings crisis is worse than you think October 5, 2015 We all knew Britain had a long-term savings crisis, but it’s now looking more like a disaster. For all the effort the government has put into liberalizing the pensions system, boosting personal responsibility by giving everyone the choice of what to do with their pots at retirement, one simple fact has not been addressed: we’re [...]
As Apple’s iPhone 6S lands will mobile payments change the way we live? December 11, 2015 Today’s smartphones can do incredible things. Need a ride around London? Just tap the Uber app. Fresh flowers or food from a local restaurant delivered straight to your door? Try Bloom & Wild or Deliveroo. These apps are fantastic, but there's a new smartphone feature set to fundamentally revolutionise the high street and how [...]
Dominic Chappell faces MPs’ questions on BHS collapse as retailer’s management appear at BIS select committee hearing June 8, 2016 Former BHS owner Dominic Chappell, the majority shareholder of Retail Acquisitions, which bought BHS for £1 last year from Sir Philip Green, is giving evidence on the retailer's collapse this morning. The business, innovation and skills (BIS) select committee has already heard explosive evidence about the sale of BHS to Retail Acquisitions and its subsequent demise – with [...]
KPMG: Barcelona can reach €1bn turnover by 2021 August 7, 2015 Ahead of his successful re-election last month, Barcelona president Josep Maria Bartomeu revealed his ambitious plans to make the European champions the first football club to generate €1bn in turnover by the 2021 season. Read more: Barcelona forecast €600m income from treble-winning season Yet according to KPMG's football advisory arm, such a statement wasn't just an [...]
Buyers lured as clubs post record profits June 3, 2015 ENGLAND’S leading football clubs have become the subject of increased interest from potential buyers after entering what industry experts believe is a new era of profit-making. Deloitte’s Sports Business Group, which advises parties looking to acquire and sell teams, said it had noticed the market warming to Premier League sides in response to unprecedented financial [...]
Bournemouth and Watford in line for £130m windfall from Premier League promotion May 1, 2015 Bournemouth and Watford will enjoy a £130m windfall next season after securing promotion to the Premier League and its treasure chest of TV income. Each club will receive a promotion boost of £130m, rising to £230m if either club can survive in the top flight, according to figures from Deloitte and roughly in line with [...]
Serviced offices march on London as smaller firms embrace temporary workspaces May 12, 2015 The number of landlords providing temporary workspace in London has boomed over the past decade, fuelled by small-to medium-sized businesses avoiding burdensome leases in favour of more flexible and creative offices. The serviced office market has grown by 67 per cent over the last 10 years and now comprises of five million square feet across [...]
Construction booming in the City as companies vie for office space May 18, 2015 Building activity in central London has soared by 24 per cent over the last six months, as developers scramble to meet demand for space, which remains in short supply, according data released today. Deloitte Real Estate’s latest London Office Crane Survey said there were 31 new starts in the period contributing 4.4m square feet (sq [...]
World Economic Forum Tech Pioneers: Transferwise and Mike Lynch’s Darktrace among four UK firms chosen August 5, 2015 Four UK companies have been named among the most pioneering tech companies in the world by the World Economic Forum (WEF), following in the footsteps of Google and Twitter. Billion-dollar FinTech startup Transferwise and Mike Lynch's cybersecurity startup Darktrace are two of the high-profile UK companies selected by a panel of judges identifying the startups [...]
City Moves for 13 August 2015 | Who’s switching jobs August 12, 2015 Weightmans The law firm has appointed Seva Singh as partner in its large loss and technical claims insurance division. He joins from DAC Beachcroft, and specialises in high value personal injury litigation handling. Octopus Investments Pete Daffern has been appointed venture partner at the venture capital firm. He joins Octopus with 25 years’ experience, and [...]