Bitcoin media coverage distracting from its true potential says Deloitte July 1, 2014 Overzealous media coverage of the controversial aspects of Bitcoin, such as criminal activity, price volatility and exchange collapses could be distracting governments and private businesses from the long-term potential of the cryptocurrency, according to a new report from Deloitte University Press. The report highlights the evolutionary nature of Bitcoin and its potential to be much [...]
Inflation back to zero: Here’s what the analysts said July 14, 2015 Falling clothing and food prices sent Britain back into "noflation" in June, down from 0.1 per cent in May, according to figures releases today by the Office for National Statistics. Read more: Britain falls back into "noflation" territory Here's what analysts had to say: Chris Williamson, chief economist at Markit, said: Core inflation (excluding energy, food, [...]
Ex-Deloitte risk officer banned May 20, 2014 A FORMER chief risk officer at Deloitte has been suspended from acting as an auditor for public companies for two years as part of a settlement with US authorities on claims he accepted gambling credit while advising on the audit of a casino company. James T Adams agreed to settle the civil charges from the [...]
Bank of England sorry for house sale hold ups March 25, 2015 MORE than 700 house sales were delayed by a day or more when the Bank of England’s Real-Time Gross Settlement (RTGS) payments system ground to a halt in October 2014, it said yesterday. It apologised for the problems, and has promised to improve the contingency plans in case it happens again. The RTGS system broke when [...]
Chinese boom fuels jump in global deals March 29, 2015 A wave of mergers and acquisitions (M&A) is on the way this year, driving a hiring boom in the City and shaking up industries across the globe. A combination of ultra-low interest rates and increasing confidence in the economy has encouraged firms to buy up rivals. And firms which see little room for organic growth [...]
PwC to ditch A-level requirements to reach students from “wider pockets of society” May 4, 2015 Graduates will no longer need spotless A-level grades to land a job at accountancy firm PricewaterhouseCoopers (PwC). The firm, one of the biggest graduate employers in the country, argued that by using Ucas points (a measure of a secondary school student's qualifications) to screen applicants, it was missing out on recruits from more disadvantaged backgrounds. [...]
City Moves for 07 May 2015 | Who’s switching jobs May 6, 2015 Norton Rose Fulbright The law firm has appointed Richard Hughes as a partner in its London banking and finance practice. He joins from Simmons & Simmons in London. Hughes has over 25 years’ experience as a finance lawyer, and has also worked in-house. Silicon Valley Bank UK The financial services firm has appointed Gavin Hewitt [...]
City Moves for 06 May 2015 | Who’s switching jobs May 5, 2015 Cavendish Corporate Finance The sell-side advisory firm has appointed four people to its corporate finance team. Kate Gribbon (pictured) joins as associate director from Deloitte Corporate Finance, where she worked in its consumer business M&A advisory team. David Harris joins as senior researcher from PwC, where he worked in M&A research. Victoria Clarke joins as [...]
CES 2015: Swarm of 1m drones set to fly this year as technology takes off January 5, 2015 Commercial drones will continue to take off this year with over a million in use worldwide by the end of the year, according to a report from Deloitte. The news comes as drones take centre stage this week at the world’s biggest technology trade show in Las Vegas, where organisers of the Consumer Electronics Show [...]
Mike Ashley is unlikely to sell Newcastle even if they’re relegated – a sports business professor explains May 18, 2015 Relegation to the Championship could be a blessing in disguise for Newcastle United fans should their team lose and Hull City win this Sunday, former chairman Freddy Shepherd has said – because it could be what finally forces the deeply unpopular Mike Ashley to hand over the club to anyone who'll take it. Read more: Newcastle [...]