The economic case against Brexit is stacking up fast: A vote to leave is a vote for a less prosperous Britain March 23, 2016 This week, the CBI warned that leaving the EU would cause a serious shock to the UK economy. That’s after an independent PwC study found that, by 2020, the cost of Brexit to UK GDP could be as much as £100bn with nearly 1m jobs lost. That would prove a real blow to living standards – [...]
PwC ditches A-level criteria for recruitment May 4, 2015 GRADUATES will no longer need spotless A-level grades to land a job at accountancy and business advisory firm 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 [...]
With March’s inflation figures the strongest since 2014, should we be prepared for a rapid rise in the coming months? April 13, 2016 Andrew Sentance, senior economic adviser to PwC and a former member of the Bank of England’s Monetary Policy Committee, says Yes. Once again, deflation has been the dog which hasn’t barked in the UK. Inflation is gradually coming back. The headline rate is 0.5 per cent, but the underlying rate – excluding volatile food and energy [...]
With March’s inflation figures the strongest since 2014, should we be prepared for a rapid rise in coming months? April 13, 2016 Andrew Sentance, senior economic adviser to PwC and a former member of the Bank of England’s Monetary Policy Committee, says Yes. Once again, deflation has been the dog which hasn’t barked in the UK. Inflation is gradually coming back. The headline rate is 0.5 per cent, but the underlying rate – excluding volatile food and energy [...]
City Moves for 1 July 2016 | Who’s switching jobs July 1, 2016 UniCredit UniCredit, Italy's biggest bank by assets, has appointed Jean Pierre Mustier as CEO. Jean Pierre began his career at Societe Generale where he held various positions from 1987 to 2009. In 2003, he was appointed head of Societe Generale’s corporate and investment banking division and member of the bank’s executive committee. From 2011 to [...]
IPO market set to fall this year after 2015 highs February 1, 2016 The London initial public offering (IPO) market hit a high unlikely to be repeated in 2016, research from accountancy giant PwC shows. Ongoing market volatility, concerns over global growth, and a worsening oil price rout mean that more companies are expected to postpone or call off planned IPOs. Vivienne Maclachlan, capital markets director at PwC, [...]
PwC: Young women put off finance jobs for fear of poor career chances June 8, 2015 Young women in financial services are just half as likely as men to feel they have a chance of rising to become senior managers, according to a study out today from PwC. Just 35 per cent believe they stand a good chance of substantial career progression with their current employer, compared with more than 70 [...]
Shoe giant Brantano enters administration, putting 2,000 jobs at risk January 21, 2016 Shoe giant Brantano has entered administration, with around 2,000 British jobs at risk – the first retailer casualty of the year. Tony Barrell, Mike Jervis and Rob Hunt of PwC were appointed joint administrators of the 140-store company. Staff at the business, which is headquartered in Leicester, will be paid any wages in arrears, and will continue [...]
Cyber shock: Compliance staff perhaps the most likely to steal insider data April 6, 2016 It's always the quiet ones, isn't it? Research seen exclusively by City A.M. suggests that you might want to be keeping a closer eye on your compliance staff when it comes to safeguarding sensitive information. The report by FTI Consulting discovered that 60 per cent of compliance staff would consider taking data belonging to their [...]
Brexit vote puts brakes on City’s huge IPO boom, cutting the amount raised by by almost 75 per cent since the last quarter of 2015 March 29, 2016 The booming London initial public offering market has come to a screeching halt after reaching near record levels in 2015. For the first quarter of 2016 the total raised through IPOs slumped to £1.6bn, down from £4bn in the last quarter of 2015, data from accountant EY has shown. EY also warns that the market for [...]