Expect four more BoE rate hikes this year, economists warn March 17, 2022 Better than expected economic growth and a tightening jobs market will coax the Bank of England into lifting rates four more times this year. That’s according to some analysts’ read of the Bank’s decision to hike rates for the third successive meeting today, sending borrowing costs 25 basis points higher to pre-pandemic levels of 0.75 [...]
Premier League clubs slip to record £1bn loss as Covid-19 hammers income from match days and broadcasters June 15, 2021 Premier League clubs suffered a record aggregate pre-tax loss of almost £1bn in 2019-20 as a result of Covid-19’s impact on football. The combined revenues of the 20 top-flight teams fell for the first time ever to £4.5bn, a drop of 13 per cent, according to Deloitte. A delay to the completion of the season, [...]
More jumbo Bank of England rate hikes on a knife edge if UK tips into long recession August 4, 2022 More super-sized rate hikes in the coming months from the Bank of England are on a knife edge if the economy slumps into a prolonged recession, City economists are betting. Consumers and businesses may struggle to absorb further 50 basis point rate rises, likely prompting the Bank to slowdown its rate hike cycle, experts said [...]
Championship Play-Off Final: £170m prize at stake for Brentford and Swansea in football’s most lucrative match May 29, 2021 Saturday’s Championship Play-Off Final is worth £170m to the winning team, making it football’s most lucrative match, according to Deloitte. The Wembley fixture, to decide which team gets the remaining place in next season’s Premier League, is this year between Brentford and Swansea City. “Promotion to the Premier League remains the most valuable prize in [...]
Letters: Flexible work isn’t just about the perks October 25, 2021 I can’t help but think that the whole conversation around employees’ rights and mental health at work is missing the mark. This shouldn’t only be about perks. This is about balancing employers’ duty of care with employee accountability. As with physical health, employers have a responsibility to help their people to be mentally healthy, but [...]
UK inflation to scale even higher as cost of living squeeze tightens February 14, 2022 Inflation will soar even further above a near three decade high this week as the squeeze on households tightens its grip, City experts are betting. Fresh figures released by the Office for National Statistics (ONS) on Wednesday will reveal the the cost of living is running at 5.5 per cent, according to the consensus forecast [...]
The Big Four’s legal ventures should worry mid-tier law firms August 26, 2022 THE BIG Four’s first forays into the legal sector in the 1990s ended in abject failure. Yet over the past decade, the world’s four biggest accounting firms have captured a significant share of the UK’s market for legal services, and have increasingly begun to compete with traditional firms. Deloitte, EY, KPMG, and PwC have used [...]
City Moves: Who’s switching jobs in the Square Mile? March 31, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. IMMO Capital London-based residential investment platform IMMO Capital has appointed a new director. Anna Clare Harper, who launched her career at Big Four firm Deloitte, previously co-founded a boutique investment firm focused on the UK’s private rental sector. Supporting co-founder [...]
Football and rugby are still getting head injury wrong. Is this headband the answer? March 27, 2023 It is a dark irony that football and rugby have never been more concerned with head injury and concussion, yet the approaches of both sports remain dangerously misguided. In their attempts to prevent the trickle of chronic traumatic encephalopathy (CTE) and early-onset dementia cases becoming a torrent, football has experimented with a ban on heading [...]
Football players to be split by vaccination status December 10, 2021 The Premier League and English Football League (EFL) have advised clubs to reinstate covid restrictions including separating players out based on their vaccination status, according to reports. The new guidance from the EFL recommends splitting players into those who are doubled jabbed against coronavirus, boosted, previously infected or unvaccinated on team coaches, according to Sky News, [...]