Why don’t I have an EV yet? April 24, 2021 Given all the hype around electric cars, it is sometimes easy to forget just how far off mass adoption of the climate friendly vehicles still is. A recent survey by consumer trends data firm Dynata suggests that as yet just 16 per cent of Brits have bought an electric or hybrid car – way behind [...]
Beirut explosion linked to London address used by shell company March 2, 2021 Ownership of the deadly stockpile of ammonium nitrate that exploded last August in Beirut, killing over 200 people, has been traced back to a London address commonly used by shell companies, an investigation by Globe and Mail has found. The London address, minutes away from Oxford Circus, belongs to a London-listed company called Savaro Ltd. [...]
BDO becomes latest auditor to tell staff to work where they like May 17, 2021 BDO has told staff to decide where they would like to work post-pandemic, in a move that adopts a more flexible model than some of its rivals. The challenger audit firm will ask staff to work wherever is most productive, depending upon the task they are doing. For most people this will likely mean a [...]
Serco nets new £870m support services contract in Canada March 17, 2021 Outsourcer Serco has this morning won a £870m contract to provide support services at a military base in Canada. The FTSE 250 firm has been providing non-military maintenance services at the Goose Bay in Newfoundland and Labrador province since 1998. For its initial 10 years, the deal is worth a maximum £400m, with the firm [...]
Car sales pick up in March as market shows signs of life April 6, 2021 Car sales rose 11.5 per cent in March as the UK market began to show signs of life after a dire year for the automotive industry. According to data from the Society from Motor Manufacturers and Traders (SMMT), sales remain around 37 per cent below the monthly average for March between 2010-2019. The third month [...]
Why women’s sport will hit £1bn and the tech tools trusted by pros will go overground in 2021 December 28, 2020 Paul Lee, global head of technology, media and telecommunications research at Deloitte, forecasts two major growth areas for sport in 2021. Women’s sports Deloitte predicts that revenue from women’s elite sports will be almost £1bn in 2021. The start of the 2021-22 season will kick off a record period for women’s sport attendance, TV audiences [...]
Snakes and Ladders: Who is moving jobs in the City this week? November 4, 2020 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Firms are continuing to adapt to the challenges and opportunities presented by the pandemic as they vie to be in prime position to recover from the economic fallout of the crisis. This week, [...]
Fintech firm Wise confirms plans for London stock market float June 17, 2021 Fintech favourite Wise has confirmed plans to go public in what will be the first direct listing of a tech firm in London. The payments group, formerly known as Transferwise, said it has been profitable since 2017 and sales hit £421m this year. In 2021 the app moved £54.4bn across borders for 6m customers. The [...]
Next mulls bid for Sir Philip Green’s collapsed retail empire Arcadia December 18, 2020 Next is reportedly weighing up a bid for Sir Philip Green’s collapsed retail empire Arcadia with US investment firm Davidson Kempner Capital Management. The high street retailer is holding detailed discussions with Davidson Kempner about a combined offer for Arcadia, the owner of Topshop, Dorothy Perkins and Miss Selfridge, after it fell into administration last [...]
Revealed: How have audit industry rankings changed in 15 years? January 27, 2021 From success stories to hours of struggle, the audit market and its key players have changed considerably in the last decade and half. Challenger firm BDO has been the standout success story of the past 15 years, doubling its client count to 314 and snatching first place for number of clients away from Big Four [...]