Alarm bells sound for global growth: What does it mean for investors? November 19, 2015 The state of the world economy is spooking analysts. In October, the IMF downgraded its global growth forecast for 2015 to 3.1 per cent, from the 3.3 per cent it predicted in July. Last week, the OECD added to the gloom, trimming its 2015 forecast for world output growth to 2.9 per cent on the [...]
What to give top talent when pay rises won’t cut it August 13, 2015 Younger workers enjoy public plaudits more than alcohol The signs are unmissable: covert phone calls, new suits, a flurry of doctors appointments. But by the time your brightest employees are interviewing, there’s little any manager can offer to persuade them to stay. Salaries, bonuses and room for promotion have always been the surest ways to [...]
Retail sales growth slows in May as clothing sales dip June 18, 2015 Retail sales growth slowed to 0.2 per cent last month, after rising a downwardly revised 0.9 percent in April, according to data released today by the Office for National Statistics (ONS). This meant sales rose 4.6 per cent year-on-year in May, and it also marked the 26th consecutive month of annual growth. Read more: UK retail sales smash [...]
2015 may be best year in a decade for UK households April 20, 2015 CONSUMERS are enjoying a boom year as prices stay flat and wages rise, according to analysts at Deloitte who say it could be the best year for households since 2005. And the economy could be accelerating further. Economists at EY today disagreed with the Office for Budget Responsibility and the International Monetary Fund, forecasting a [...]
City Moves for 1 July 2015 | Who’s switching jobs June 30, 2015 EY Scott McCubbin has been appointed IPO leader for the UK & Ireland at the professional services firm. He has been at the firm for 10 years, most recently as transaction advisory services partner. McCubbin has particular experience negotiating the IPO process for FTSE and Aim clients. Cantor Fitzgerald Europe The financial services group has [...]
City Moves for 29 June 2015 | Who’s switching jobs June 28, 2015 Deloitte Richard Wood has been appointed senior adviser in the professional services firm’s private client and family office team. He was most recently head of real estate within UBS’s wealth management division. Wood has also held roles at Knight Frank, Cazenove and Arbuthnot Securities. Berenberg The private bank has appointed Dr Manfred Schlumberger as chief [...]
City Moves for 24 June 2015 | Who’s switching jobs June 23, 2015 PwC Alex Petsopoulos has been appointed partner in the professional services firm’s cyber security practice. He joins from Deloitte, where he was a partner in its security practice. Petsopoulos has over 14 years’ experience in the IT industry. State Street Global Advisors State Street’s asset management business has appointed Greg Ehret as president. He has [...]
Qatar to host fans on cruise ships during 2022 World Cup to satisfy Fifa’s hotel demand April 20, 2015 Qatar may be forced into accommodating football fans at the World Cup on cruise ships in order to meet the hotel room demand. The Qatar Tourism Authority (QTA) announced this weekend at a cruise shipping convention that it would be contracting rooms from liners during the World Cup period as a "means of additional accommodation". [...]
Christmas quiz 2015: How much do you remember of the year in business, politics and economics? December 23, 2015 Deloitte chief economist Ian Stewart asks some of the trickiest business, politics and economics questions of the year. Answers can be found below. 1 According to the OECD, Mexicans work the longest hours. In 2014, the average Mexican worker put in 2,228 hours, equivalent to a 43-hour working week with no holidays. Which country’s workers [...]
City Moves for 26 June 2015 | Who’s switching jobs June 25, 2015 Baker Tilly The professional services firm has appointed Kenny McLean as a director in its consulting practice. He joins from Certeco, where he was a director overseeing client change programmes. McLean has also held roles at KPMG, IBM, SAP and EDS. CBRE The commercial real estate services and investment firm has announced two appointments to [...]