New car market has strongest February in 20 years as firms invest in fresh wheels March 5, 2024 The UK's new car market has recorded its best February in two decades, according to the latest date from the SMMT.
Decarbonising fleets ‘impossible’ due to absence of infrastructure and lack of plan, says HGV sector April 18, 2023 The heavy goods vehicle (HGV) sector is calling for an urgent government strategy to drive uptake of zero emission trucks, amid concerns over poor EV and hydrogen infrastructure. New analysis published by the Society of Motor Manufacturers and Traders (SMMT) revealed that HGV electric and hydrogen models account for just one in 600 trucks on [...]
UK must embrace open finance to be a global fintech leader and boost IPOs, industry chief says February 29, 2024 Open finance is key to making the UK a global leader in fintech and unlocking more public listings, the boss of a government-backed industry hub has told City A.M., as the sector struggles to lure investors.
JD Sports expects pre-tax profits to top £1bn following Christmas surge January 11, 2023 JD Sports expects to post pre-tax profits of more than £1bn for the year ending on 3 February 2023 after it recorded a Christmas sales surge. The sportswear retailer said a strong performance in the second half of 2022, driven by a surge in sales over Christmas, will see it achieve its financial goals. The [...]
Major GB snowsport sponsor calls on London to back British athletes February 20, 2024 One of British snowsports’ biggest sponsors has called on the City of London, the capital and other big businesses to back the country’s athletes and help to build on their underdog success in winter sports. With winter sports in the UK granted a fraction of the funding that their summer counterparts receive, athletes such as [...]
Big Bang 2.0: Financial institutions welcome Jeremy Hunt’s Edinburgh reforms December 10, 2022 Leading financial institutions have welcomed Chancellor Jeremy Hunt’s Edinburgh reforms, which set out to “turbocharge” the UK’s growth. Announced yesterday, the plans aim to “seize the benefits of Brexit” by delivering the biggest shake-up in the financial sector for 30 years. According to UK Finance’s chief executive David Postings, the package is “a major step [...]
Demand for staff swelling: Frantic recruitment efforts as vacancies climb but job candidates dry up January 13, 2022 Demand for staff is growing across the country amid a continued fall in the number of candidates for jobs, new research suggests. Recruiters warned this morning they are placing record numbers of permanent and temporary workers into jobs as demand for staff continues to grow across the country. Meanwhile, the number of available job candidates [...]
Deloitte becomes last of the Big Four to exit Russia March 7, 2022 Accountancy and audit heavyweight Deloitte has become the last of the Big Four to pull out of Russia, following its invasion of Ukraine – joining EY earlier today. PwC and KPMG announced similar moves last night, citing the Russian government’s actions in Ukraine. Deloitte confirmed last week that it was reviewing its “business and presence [...]
Wage growth continues falling as signs emerge of loosening labour market January 16, 2024 Policymakers at the Bank have repeatedly stressed that further progress is needed on wage growth to justify loosening policy.
UK fraudsters extend their reach after taking advantage of two-thirds more victims during Covid February 24, 2022 The number of UK fraud cases worth more than £100,000 jumped by two-thirds (66 per cent) between 2020 and 2021, according to new figures from KPMG’s UK Fraud Barometer. The figures show fraudsters took a splatter-gun approach to financial crime last year, in defrauding a larger number of victims for smaller sums of money than [...]