Derwent picks PwC as auditor March 20, 2014 Derwent London, the developer behind the Tea Building in Shoreditch and the White Collar Factory at Old Street roundabout, has changed auditor for the first time in more than a decade. The FTSE 250 firm said yesterday that PwC will replace smaller rival BDO as its auditor after it put the contract out to tender. [...]
Slow spending growth could hit economy November 11, 2014 THE UK’S strong recovery is at risk of slowing due to weaker growth in consumer spending, consultancy firm PricewaterhouseCoopers (PwC) said today. For the past two years, an increase in consumer spending has been fuelled by strong employment growth, raised income tax personal allowances, and low mortgage interest rates. Another boost to consumer spending has [...]
Budget, oil rig count and Nigerian GDP: Here’s our world view March 26, 2015 Rising debt, capital outflows and falling commodity prices – we highlight the numbers that matter from around the globe NORTH AMERICA 268 the number of rigs drilling for shale gas in the week ending 6 March 2015, down from 1,606 in the summer of 2008. And yet US gas production has continued to rise. Baker [...]
The 100 City people you need to follow on Twitter this year, day four: Economists January 8, 2015 The financial crisis may have been a tough time for most of the City, but one group did pretty well out of it. There’s no doubt about it: economics has got sexy, as the popularity of everything from Thomas Piketty’s missive on inequality to “economics made easy” books such as The Undercover Economist, shows. Whether [...]
Quindell share price soars 29.6pc as hedge fund Toscafund ups stake January 7, 2015 Insurance outsourcer Quindell saw it share price surge 29.6 per cent in trading yesterday after London-based hedge fund Toscafund increased its shareholding in the company. The Martin Hughes-founded Toscafund splashed out on a further 1.9m Quindell shares, bringing its stake in the Hampshire-based company to more than five per cent. It was the second bit [...]
UK bosses expect higher growth than elsewhere in Europe January 20, 2015 The UK’s chief executives are more confident about growth this year than their counterparts in the rest of Europe, while the US stands out among developed nations. That is according to an annual survey of bosses that found that 39 per cent of UK bosses said they were “very confident” about growth prospects in 2015, [...]
Pawnbroker Albemarle & Bond appoints PwC as administrator March 25, 2014 ALBEMARLE & Bond called in administrators yesterday, just a day after the struggling pawnbroker said that its lenders no longer supported the management’s turnaround plan. Albemarle’s board said that the decision had been made due to Albemarle’s inability to regain the support of its lenders on Monday – including Lloyds Banking Group and Barclays to [...]
Is a new report right to suggest that CPIH is the best headline measure of inflation? January 8, 2015 Paul Johnson is the director of the Institute for Fiscal Studies and led the report UK Consumer Price Statistics: A Review, says Yes Unhelpfully, the four headline inflation figures produced by the ONS produce quite different numbers. Politicians and others are not above selecting whichever gives them the answer they want. There are different ways [...]
City’s recovery drives finance firms’ tax bill up to £65.6bn December 1, 2014 Finance firms paid a total of £65.6bn in taxes in the last financial year, up £600m on the previous 12 months, the City of London Corporation and PwC revealed today. The sector pays 11.5 per cent of all government tax receipts, and increased its contribution by 0.9 per cent in the 2013-14 tax year. Taxes [...]
City Moves for 15 January 2015 | Who’s switching jobs January 14, 2015 Lloyds Bank Lloyds Bank Commercial Banking has appointed Allen Appen as head of financial institutions capital and asset backed solutions. He joins from Barclays, where he was most recently head of financial institutions capital markets for Europe, the Middle East and Africa. Mole Valley Asset Management The investment management firm has appointed Andrew Holder as [...]