Cheap oil has potential to give UK extra 121,000 jobs in 2016 March 9, 2015 The UK economy could be set for a massive jobs boost next year, provided oil prices remain subdued, financial services firm PwC said today. An oil price of $50 per barrel would create an extra 121,000 jobs in 2016 compared to if prices had stayed at their mid-2014 level of $108, PWC forecasts. It is [...]
City athlete switches from PwC to Team GB at triathlon world championships July 23, 2014 Mark Carney isn’t the only one in the City getting excited about the Commonwealth Games, PwC’s Mike Essex will be watching today’s triathlon with heightened interest – the senior PwC manager will be competing for his country himself come the end of next month. Essex, who turned 40 in March, will compete for Team GB [...]
London’s hotels to benefit from 20-year high for occupancy rate March 1, 2015 London’s hotels are set for a record 2015 with occupancy rates expected to reach a 20-year high, according a new report published today. The forecast by PwC says it expects occupancy rates in the capital to exceed 84 per cent this year, making it the top ranking city under this measure. However, London falls far [...]
Gateley looks to outsiders in bid to bolster firm ahead of London IPO May 12, 2015 A corporate law firm tracing its roots back to the industrial revolution hopes to gain “first mover advantage” by becoming the first legal outfit in Britain to list on the stock market. Gateley, which was founded more than 200 years ago in Birmingham, is hoping to transform its corporate structure from a limited liability [...]
Bride Gabriella Saunders steals £22,000 from City colleagues to pay for “lavish” wedding and honeymoon April 21, 2015 They say getting married is one of the most expensive things you can do – prices have crept up again and the average cost of a British wedding has reached £20,500, according to a recent survey. But few of us would go down the route Gabriella (Yinka) Saunders took. She stole more than £22,000 from [...]
Cheap and cheerful: Your quick guide to low cost passive investments June 18, 2015 More and more people are shunning active fund managers and choosing to buy cheap “passive” market-tracking investments instead. The amount of money invested in these low cost alternatives has nearly doubled over the last ten years. Now 12 per cent of all money put into funds is invested in passives, according to the Investment [...]
Fast-growing economies to catch up on UK February 9, 2015 THE UK economy will no longer be one of the top 10 largest economies in the world by 2050, a city consultancy has said today. PwC tips Mexico to be one of the 10 biggest economies in the world by 2030 and Nigeria to enter the top 10 by 2050. By that time, the UK [...]
As the Bank’s latest minutes suggest, is it likely that inflation will bounce back soon? April 22, 2015 Andrew Sentance, senior economic adviser at PwC, says Yes Consumer price index inflation has been at zero for two months now. But looking ahead, the pressures are in an upward direction. The oil price has recently risen above $60 per barrel and petrol prices are firming up. The labour market continues to tighten, putting upward [...]
City activists smell the scent of success: Edward Bramson’s showdown at Electra follows battles over Alliance Trust and John Menzies April 30, 2015 US corporate raider Edward Bramson is closing in on one of the UK’s oldest private equity groups, Electra, six months after he failed to capture the firm. The showdown comes amid a flurry of UK activist raids since the turn of the year, underscored by little-known fund Lakestreet Capital, which yesterday revealed it [...]
A tale of two economies: Why the Bank of England risks a sharp hike in interest rates May 13, 2015 We were offered two conflicting views of the UK economy yesterday, from the monthly Labour Market Statistics and the Bank of England’s quarterly Inflation Report. The Labour Market Statistics presented a picture of a booming economy and accelerating wage inflation. Unemployment has fallen by about 400,000 over the past year and the jobless rate [...]