UK space industry is flying high with 38,500 jobs and strong exports December 8, 2016 THE UK space sector is flying high with growth of 6.5 per cent per annum according to a new report from the UK Space Agency. The sector now supports £250bn of output across the economy as well as 38,522 direct jobs. The total income of the UK space industry grew to £13.7bn in 2014/15, equivalent [...]
Has the bond bull run’s bubble burst? Unpicking the Trump effect and other influences that will shape the bond market in 2017 January 16, 2017 The election of Donald Trump as US President shocked the world and shocked the world’s markets. Yet that early reaction quickly morphed into euphoria, as stock indices in America experienced huge inflows and hit record highs. For investors left high and dry as trillions of dollars drained from safer fixed income bonds into riskier equities, the [...]
RSM now sixth biggest accountancy network in the world, narrowly overtaking Grant Thornton, with six per cent fee income growth for year ended December 2015 February 3, 2016 RSM has today announced it achieved six per cent growth for fee income in the year to December 2015, meaning the accountancy network has narrowly overtaken Grant Thornton to become the sixth biggest worldwide. The firm, which was previously in seventh place in the global rankings and currently has over 750 offices across 120 countries, [...]
National Audit Office finds serious failings in procurement process of contract between UK Trade and Investment and PA Consulting June 10, 2016 The National Audit Office (NAO) has today slated both the government department and the consulting agency involved in a contract which saw the government being questionably charged for services. Among the report's criticisms are that UK Trade and Investment's (UKTI) governance of the procurement process for its contract with PA Consulting was weak, that the government department [...]
Professional services firm Baker Tilly rebrands as RSM across all brands October 26, 2015 Professional services firm Baker Tilly will today become RSM, giving the network’s firms the same name globally. The firm, which has 730 offices in more than 110 countries, including 35 offices across the UK, is the seventh-largest network of audit, tax and consultancy firms in the world. Last year, the RSM network boosted its revenues [...]
HMRC tells accountants it’s business as usual for routine tax planning June 8, 2016 The taxman has written to a leading accountancy firm to reassure it that it's business as usual for routine tax planning. Accountancy firm RSM, which has offices in the City, previously wrote in its weekly tax bulletin that it was concerned about a report that HM Revenue & Customs (HMRC) had published in May. The report [...]
RSM, the accountancy firm formerly known as Baker Tilly, reveals growth in UK revenues of 26 per cent to £292m December 2, 2015 Accountancy firm RSM today announced a growth in UK revenues of 26 per cent to £292m for its year ended 31 March 2015. The figures also showed that the business’s risk assurance service line had grown by 86 per cent to £22m and consulting, which is the firm’s fastest growing offering, by 195 per cent [...]
Listen: Women in the City – time to stop asking why, and start asking why not? May 18, 2016 Whose responsibility is it to put more women into top roles? At the launch of City A.M.'s Power 100 list, our digital editor Emma Haslett was joined by Virgin Money chief executive Jayne-Anne Gadhia, A Very Good Company founder Natalie Campbell, Tech City chief of staff Caroline Makepeace and RSM chief executive Jean Stephens to [...]
London’s drinking hotspots outdid the rest of the UK in May June 16, 2016 Ahead of the annual summer drinking boom London's pubs and bars were buoyed in May, as sales at the capital's drinking holes outpaced the rest of the country. Like-for-like sales at pubs and bars in London were up 3.8 per cent, while the pub and restaurant sector as a whole grew by 0.9 per cent. "With a [...]
BHS blamed for the collapse of supplier as Pretty Polly tights firm goes into administration May 25, 2016 An iconic clothing firm that supplied BHS has gone into administration, blaming its collapse on the high street retailer. Courtaulds makes and supplies branded clothing, including Pretty Polly tights; its collapse will result in the loss of 350 jobs at the company. CUK Clothing, which merged with Courtaulds in 2006, also went into administration. Read more: The BHS brouhaha [...]