Executives’ pay slashed for fourth year in a row July 3, 2021 Chief executives of Britain’s leading companies had their pay slashed for the fourth straight year, according to new figures. The median pay of chief executives of firms included in the blue chip FTSE 100 fell to £2.85m in 2020, down from £3.3m in the previous year, show figures published by Deloitte. Read more: Citigroup boosts [...]
Top finance brass bet on Bank of England rate hike October 18, 2021 The UK’s top finance brass are becoming increasingly confident the Bank of England will hike interest rates. Over half of chief financial officers (CFO) think rates will rise to at least 0.5 per cent by this time next year, research by Deloitte has found. Higher interest rate expectations have strengthened over the last three months, [...]
Ed Warner: Kicked off, tipped off, switched off September 8, 2022 One of the joys of writing Sport inc. is the flow of suggestions from readers of subjects to cover. In the past week alone: the highly leveraged balance sheets of Premiership rugby clubs ahead of the new season, the continuing scandal of the lack of financial support for Britain’s international basketball teams, the prohibitive cost [...]
New Tricks: Video streaming sites are trending among over-65s August 17, 2021 The pandemic has encouraged 65 to 75 year olds to start using video streaming sites such as Netflix and Amazon Prime. Almost three fifths of consumers in this age bracket, some 57 per cent, have access to a video streaming service as of 2021. The figure marks an increase of 19 percentage points compared to [...]
CFOs do not expect ‘double whammy’ of labour shortages and supply disruptions to ease before 2023 October 18, 2021 Finance leaders believe that the labour shortages and supply disruptions British businesses are experiencing now are likely to persist for a year, with no meaningful easing until late 2022 or more likely early 2023. The majority of CFOs experienced labour shortages over the past three months with three-quarters reporting some, severe or significant recruitment difficulties. [...]
Bank of England record recession warning reinforced by fresh research November 7, 2022 A new survey out today reinforces the Bank of England’s warning last week that the UK is headed for the longest recession on record. The economy last month was functioning at the same level as during the teeth of the 2021 winter Covid-19 lockdown, according to consultancy BDO. The firm’s output index, which measures the [...]
Digital audio revenues up by 520 per cent as publishers show ‘continued determination’ December 14, 2021 A new report published today shows a 31 per cent boost in publishing revenues in the third quarter of 2021 to £149.4m thanks to a colossal rise in digital audio, as well as the continued determination of publishers.
KPMG UK revenues soar to £2.72bn as chief rules out split January 31, 2023 KPMG’s UK business today posted double digit revenue growth for the second year in a row on the back of fast-paced expansion in its consulting and M&A deals advisory divisions. In an interview with City A.M., KPMG UK’s chief executive said the “very strong financial performance” signalled the strength of KPMG’s “multidisciplinary” model, as he [...]
Exclusive: Former Home Secretary Amber Rudd to join Finsbury from Teneo October 6, 2021 Amber Rudd, the former home secretary, is set to leave PR firm Teneo to join rival Finsbury Glover Hering. The ex-politician will join as a senior adviser at the company her brother Roland founded in 1994, City A.M. understands. Rudd spent 18 months at Teneo after a nine-year Parliamentary career as the Tory MP for [...]
Exclusive: City heavyweights are top firms for career growth, says LinkedIn April 6, 2022 City headquartered firms have been named as the top companies to work at for career growth, according to LinkedIn research shared exclusively with City A.M. today. Barclays retained its crown, wrestling with Lloyds Banking Group and HSBC, which make the top three companies on the list – all with London HQs. Chasing the coattails of [...]