New car sales race ahead in January, fuelled by accelerating consumer and business confidence February 5, 2015 LAST month was the best January for car purchases in the UK since 2007, new data shows. New car registrations reached 164,856 units, according to figures released yesterday by the Society of Motor Manufacturers and Traders. It marks a 6.7 per cent lift on the number of new cars bought in January 2014. “This 35th [...]
Professional services must act now and join the digital revolution February 16, 2015 No industry is immune from digital disruption. And any business would be foolish to think that it is a phenomenon limited to specific sectors or models. The possibility of being ousted by an innovative startup is just as applicable to an industry like professional services as it is to, say, media and communications – or [...]
City Moves for 16 March 2015 | Who’s switching jobs March 16, 2015 Axa Assistance UK The assistance services firm has announced the appointment of Anthony Bradley as chief financial officer. He joined Axa Assistance UK in 2002, and has served as underwriting analyst, senior finance analyst, financial controller, and most recently as deputy chief financial officer. Covington & Burling The law firm has announced the appointment of [...]
Non-exec pay rises to £65,000 with extra legal responsibilities January 26, 2015 Directors’ pay is rising faster than the average worker’s income, as non-executives are being loaded up with extra legal responsibilities, PwC said this morning. The average non-executive director (NED) saw their fees rise seven per cent in 2014 to £65,000. Fees stayed flat in 2013, so the increase in 2014 marks a return to the [...]
The three personality traits all billionaires have in common May 26, 2015 A smart approach to risk-taking, a curious mind which is also capable of intense focus, as well as dogged determination are three personality traits shared by the world's richest individuals. These are the findings of UBS and PWC which look at 1,300 of the world's billionaires using surveys, case studies and academic research, while conducting [...]
As M&A involving UK firms fell to 1987 lows in 2014, could politics harm prospects for 2015? March 3, 2015 James Fillingham is transactions services partner at PwC, says Yes In 2014, the Scottish referendum did give buyers and sellers pause for thought, but that was only part of the story. While M&A was down in the UK, we saw a massive, offsetting increase in IPO activity. We also saw much refinancing with plentiful, cheap [...]
City Moves for 10 March 2015 | Who’s switching jobs March 9, 2015 New Bridge Street The executive remuneration specialist has appointed Drew Matthews as partner. He joins from Tesco, where he was group reward director for the past three years. Matthews has also held consultancy roles at PwC, Deloitte, and Stern Stewart. Eaton Vance Management International David Morley has been appointed business development director, UK institutional at [...]
City Moves for 21 January 2015 | Who’s switching jobs January 20, 2015 IAG UK Fund Administration The fund administration services provider has appointed Alan Ross as commercial director. He joins from BNP Paribas, where he was senior sales manager for securities services. Ross has also held roles at BNY Mellon, Arjent Alternative Investments, FSL Services, and RBS. London & Capital Guy McGlashan has been appointed chief operating [...]
Rugby World Cup to boost UK hotels in 2015 January 11, 2015 LONDON hotels are expected to enjoy a surge in revenues this year, according to the latest forecast released this morning from PwC, as people flock to the UK to watch the Rugby World Cup. The accountancy firm predicts that revenue per available room (revpar), a key industry measure, will rise by five per cent to [...]
City Moves for 03 March 2015 | Who’s switching jobs March 2, 2015 Peel Hunt The broking, advisory and trading house has appointed Edward Knight as head of media in its corporate team. He has 15 years’ experience in equity capital markets and investment banking, and has held senior positions at Merrill Lynch and Morgan Stanley. Allen & Overy Matthias Baudisch has been appointed partner in the law [...]