Brexit effect? Wage growth stays slow as unemployment benefit claimants rise November 16, 2016 Is this a sign the Brexit vote is beginning to have an impact on the jobs market? Growth in average weekly earnings including bonuses remained resolutely flat at 2.3 per cent between July and September, figures published today showed – although real wage growth could only muster a disappointing 1.7 per cent. The figures, by [...]
Davos 2016: Two-thirds of UK CEOs say they will hire more in 2016, according to PwC survey January 19, 2016 Bosses at Britain’s biggest companies are investing in hiring and growth this year despite concerns about rising global risks, according to a major new survey out this week from PwC. Two-thirds of UK chief executives are planning to increase the size of their workforce and 64 per cent are planning mergers and acquisitions in the [...]
Slimmed corporate travel budgets have hit London’s hotel sector September 22, 2016 Corporate uncertainty and tight travel budgets took their toll on hotels in the capital during the first half of the year, according to figures from PwC. Occupancy rates are forecast to have declined by 1.8 per cent this year to 81 per cent for London-based hotels and are expected to drop again by 0.8 per cent [...]
The value of the connected car market is about to sky rocket October 6, 2016 The likelihood of driving or travelling in a car that's connected to the internet in some way will be higher than ever in the coming years, with the industry pegged to be worth billions. The value of the market for connected cars is set to sky rocket, hitting £120bn by 2022, new research predicts. PwC anticipates it will grow [...]
Hermes calls for an overhaul of chief exec pay to improve long-term performance November 14, 2016 Hermes Investment Management has called on large publicly listed companies to overhaul executive remuneration models. The company has released a paper outlining why restructuring remuneration practices helps long-term company performance and emphasising the need to address the question of fairness. The proposed reforms include publishing the ratio of chief exec to median worker pay and a [...]
City firms look to take part in Saudi Arabia’s multi-billion pound transformation plan November 28, 2016 Leading City banking, law and project management firms are meeting in Saudi Arabia today as they weigh up whether to take part in the country's National Transformation Programme. The programme, which will reduce Saudi Arabia's dependence on oil and move towards a diverse economy by 2030, is expected to generate $267bn per year in business opportunities. [...]
Consulting giants, including PwC, Accenture and IBM, club together to figure out why so many women are fleeing the profession and not returning February 8, 2016 Some of the biggest names in consulting have today joined together to figure out how they can prevent high-flying women from quitting their profession. The firms – PwC, Accenture, IBM, KPMG and PA Consulting – are collaborating with the Management Consultancies Association (MCA) and She’s Back to identify why experienced women are leaving the workplace and not [...]
Job interview questions from some of the UK’s top accountancy firms, including PwC, Deloitte, KPMG and EY January 20, 2016 If yesterday's banking interview questions left you in a tizzy, maybe accountancy is more your cup of tea. City A.M. went back on careers website Glassdoor.com to find out just what calibre of questions wannabe bean counters and spreadsheet drafters could expect from their potential employers. PwC Senior accountant: If you were to be re-incarnated as an animal, [...]
Surge in days lost to strike action in 2016 December 19, 2016 Talks aimed at averting strikes by British Airways cabin crew over Christmas will be held at conciliation service Acas today as figures obtained by City A.M. show that the number of days lost to industrial action in the first ten months of 2016 has already dwarfed last year’s total. According to the Office of National [...]
UK business doubles security spend as cyber threat grows October 5, 2016 UK businesses are doubling down on cyber security – literally – as they spend twice as much on protecting themselves in the face of growing threats. Cyber security budgets have more than doubled this year compared to last, rising to £6.2m per business, on average, as the costs of incidents rise amid ever growing threats. The cost to [...]