2 more gold miners slash production – What will 2014 bring for them? January 23, 2014 Last year gold prices tumbled 28 per cent – the worst fall in thirty years – and the slump in the price of the yellow metal is hitting this year’s output. Production costs are flooring and, in response, miners around the world have slashed costs, delayed new work and hedged. Today, two Russian gold miners – [...]
Rental chain Blockbuster goes into administration (again) October 29, 2013 Blockbuster has fallen into administration after suffering from poor trading, according to private equity firm owner Gordon Brothers Europe. Stores will continue trading while a buyer is sought for a business, while efforts "will now be focused on giving the company a chance of future survival through a reduced and different business model". Frank Morton, [...]
Yellow Pages parent Hibu in administration November 27, 2013 YELLOW Pages parent company Hibu has been placed into administration after it agreed a financial restructuring plan with lenders. Deloitte has been appointed to handle the restructure, which will see Hibu’s shares delisted from the London Stock Exchange at 8am this morning. Chairman Bob Wigley commented: “With today’s announcement, we move one step closer to [...]
UK confidence grows despite pay pressures October 20, 2013 CONFIDENCE in the British economy is still on the rise despite the ongoing squeeze on pay, according to two surveys of thousands of UK consumers. Both Lloyds’ and Deloitte’s most recent analyses of consumer confidence found the strongest sentiment since their surveys began, in 2010 and 2011 respectively. Both reports demonstrate growing confidence in the [...]
Bank of England hires help for strategic review October 22, 2013 THE BANK of England yesterday revealed it has hired two consultancies to work out how best to run its new, expanded functions. McKinsey will run the strategic review, looking at how resources are allocated across the Bank. Deloitte will look at value for money across the Bank of England. It comes after the Bank gained responsibility [...]
Video ads could lead Facebook to earn another $1bn next year December 17, 2013 FACEBOOK will embark on what could be its next $1bn (£614m) line of business, according to analysts, with the roll out of video ads across the social network later this week. The company said that the new ads will offer advertisers a way to reach the service’s 1.1bn users with video clips in the news [...]
ACCA Comment: Why big data matters for accountants April 17, 2014 New technologies are carving out novel career opportunities THE BIG data revolution is fast becoming the gold rush of the twenty-first century, and everyone is eager to harness the opportunities it has brought with it. Reams of data are being produced every second from phones, credit cards, online interactions, infrastructure and tablets. The data produced [...]
ACCA Comment: Why big data matters for accountants April 16, 2014 New technologies are carving out novel career opportunities THE BIG data revolution is fast becoming the gold rush of the twenty-first century, and everyone is eager to harness the opportunities it has brought with it. Reams of data are being produced every second from phones, credit cards, online interactions, infrastructure and tablets. The data produced [...]
What the other papers say this morning – 03 February 2014 February 3, 2014 FINANCIAL TIMES Spain will not interfere on Scotland Spain has no intention of interfering in Scotland’s push for independence and is willing to consider an eventual Scottish application to join the EU as a separate state, the foreign minister said in remarks that will bolster the nationalist campaign. Madrid has long been among the most [...]
Study says tourism industry has created a third of UK’s new jobs November 20, 2013 THE UK’S tourism industry is set to grow at a faster pace than crucial sectors such as retail, construction and manufacturing, according to a report published this morning. The Deloitte study, commissioned by the UK government-funded group Visit Britain, says that the tourism sector will grow by 3.8 per cent a year from now until 2025. [...]