London hotels to have highest growth in 2015 March 3, 2014 LONDON hotels are set to outperform their European rivals next year, as rising room rates and visitor numbers help to boost fortunes. An improving economy and a rise in the number of people travelling will mean hotels in all of Europe’s 18 major cities except for Madrid report growth this year and next, according to [...]
Four skills all business leaders need May 8, 2014 In today’s challenging environment, the role and expectations of leadership are changing WHAT do Margaret Thatcher, Mahatma Gandhi and former GE chairman Jack Welch have in common? According to a recent PwC survey, they have all exhibited leadership skills that today’s global chief executives most admire. Yet the demands of leaders today have evolved since [...]
David Cameron’s onshoring dream is unlikely to become a reality says top economist March 11, 2014 A recent report by PwC predicted that as many as 200,000 new roles could be created over the next decade, thanks to companies that had relocated their operations outside of the UK returning, a process commonly known as onshoring. The trend of companies bringing jobs back to the UK could boost the nation's wealth by [...]
London’s house prices up 17 per cent in one year April 15, 2014 LONDON’S hyperactive housing market is sending prices surging up, rising at more than three times the pace of the rest of the UK during the year to February. Yesterday, the Office for National Statistics (ONS) announced that house prices in the capital have risen by 17.7 per cent in the year to February, in comparison [...]
Investment adds to growth hopes May 22, 2014 ■ Strong growth confirmed for the first quarter – which could still be revised upwards ■ Manufacturing and business investment improvements suggest a broadening recovery ■ But public finance figures disappoint, with the continuing rise of the budget deficit THE CONTINUED recovery of the British economy was confirmed yesterday, with growth at a solid 0.8 [...]
Britain’s biggest bosses see bonuses fall for third year March 31, 2014 BRITAIN’S top executives saw their bonuses fall and their overall pay rise by less than the rate of inflation last year, according to a PwC study out today. Despite perceptions that bosses’ pay has kept on soaring throughout the financial crisis and subsequent slump, the figures show chief executives’ bonuses have in fact fallen in [...]
The fine art of being contrarian gets its night out in Mayfair April 2, 2014 CITY FIGURES joined with journalists, campaigners and politicians in Mayfair last night for the Contrarian Prize giving – where human rights lawyer Clive Stafford Smith walked away with the gong. The prize was set up by ING banker Ali Miraj to recognise those who go against the grain to stand up for what they believe. Last [...]
Another seven-year wait for real wages to hit 2008 level March 10, 2014 AVERAGE real wages will not return to their pre-crisis peak for another seven years, despite the recent economic upturn, according to a new forecast today. PwC says the effect of stagnant wage growth and above target inflation means real earnings will sit below 2008 levels until 2020, 12 years after the crisis. The group added [...]
City A.M.’s bumper Budget preview March 17, 2014 As chancellor George Osborne gets ready to unveil the penultimate budget before the general election, we've pulled together all the expected announcements, and what others are hoping for. Deficit Due to the scale of the budget deficit Ernst & Young believe the chancellor has little room for manoeuvre in terms of giveaways. While the Office [...]
In Pictures: London’s best offices to work in April 29, 2014 If you could work in any office in London where would it be? Giving yourself vertigo half way up the Shard? Zipping down a slide at Moshi Monsters’ HQ in Shoreditch? Well, stop wondering because the good people at the British Council for Offices (BCO) has come up with the top six offices to [...]