Investment in North Sea oil on the backburner October 9, 2014 OIL AND gas operators may delay investing in North Sea operations until after the chancellor’s Autumn Statement, according to a new report from Deloitte. The report found that four deals were announced offshore UK in the third quarter of 2014, down slightly on the five transactions signed off in the second quarter, and significantly reduced from [...]
Premier League sells TV rights for record £5.14bn to Sky and BT February 10, 2015 Premier League games are worth more money than ever before after the league agreed a new TV rights deal worth an incredible £5.136bn with Sky and BT. The average live Premier League football game will cost £10.2m to screen from the 2016-17 onwards, after Sky and BT shared the 168 games split across [...]
Uncertainty over future of Tesco executives suspended after discovery of £260m profits overstatement November 28, 2014 One of the executives suspended by Tesco after it discovered a black hole in its accounts has left the company, it is understood. The BBC reported this morning one of eight executives who were suspended when it revealed it had overstated profits by £260m had stepped down. Tesco announced in September that it had overstated [...]
Drinks giant Diageo drops KPMG for PwC as new rules come in November 11, 2014 Diageo announced yesterday that it had replaced its auditor KPMG with rival PwC, to bring it in line with new regulations compelling companies to consider changing their accountants every decade. The alcoholic drinks giant – which produces Guinness – said PwC’s appointment would take effect for Diageo’s financial year ending 30 June 2016, subject to [...]
David Cameron announces creation of London’s first digital skills hub in 2015 December 8, 2014 David Cameron has announced the creation of the UK's first digital skills hub, as part of a government drive to boost the take-up of maths, science and technology subjects. The National College for Digital Skills, opening in London next year, will equip students with the technological skills needed to "compete in the global economy". It aims [...]
City Moves for 07 November 2014 | Who’s switching jobs November 6, 2014 Lloyds Bank Commercial Banking Oliver Knight has been appointed head of the bank’s group and public sector team and head of regulatory response. He joins from Accenture, where his experience included four years working in its financial services strategy practice. Deutsche Bank Elizabeth Nolan has been appointed head of custody and clearing at the bank. [...]
City Moves for 31 October 2014 | Who’s switching jobs October 30, 2014 Berwin Leighton Paisner The law firm has announced the appointment of Elizabeth Bradley as head of corporate tax. She trained at Berwin Leighton Paisner and was made a partner in 2008. Bradley advises on all areas of corporate taxation, with a particular specialism in real estate tax. EY The professional services firm has announced the [...]
Creativity and optimism will help Britain cope with the robot onslaught November 10, 2014 THE ROBOTS are coming, and they’re after your job. New research from Oxford University and Deloitte will be sure to send a shiver down the spine of British workers. It showed that up to 35 per cent of jobs in the UK could be destroyed by automation and computerisation. Deloitte argued that this would cause [...]
Autumn Statement 2014: Google Tax set to raise £1bn from companies shifting profits overseas December 3, 2014 Starbucks, Apple and Google will pay higher UK taxes under a new tax that looks to stem the tide of multinational companies shifting profits to overseas tax havens. The Diverted Profits Tax, already dubbed the Google Tax, is set to raise over £1bn over the next five years by applying a 25 per cent tax [...]
CBI conference 2014: R2D2 upstages political heavies on big day November 10, 2014 Politicians have, in jest, been accused of being a ruling class of automatons, but yesterday’s CBI conference showed that robots can indeed go down well on politically charged stages, if they’re from Star Wars at least. Ivan Dunleavy, chief executive of Pinewood Studios, entered the stage with R2D2 and performed a little sketch [...]