Recession? Five graphs that show where the UK economy is and where it is heading March 31, 2023 Are we in a recession? Aren’t we in a recession? Are we headed into a recession? At this point, who knows. At the start of the year, everyone said “yes definitely, and a bad one”. Now, those projections look a bit overcooked. Essentially, it’s on a knife edge. City A.M. takes a look at the [...]
With wage growth set to fall, the Bank of England should cut rates in August July 16, 2024 Wage growth remains stubbornly high despite the rise in unemployment and fall in hiring. However, this is not a signal for the Bank to hold off on cutting interest rates, Chris Dorrell argues
Exclusive: London rides wave of floats to snatch Europe listing crown December 20, 2021 London has ridden the crest of a wave of companies listing in the capital over the last year, reveals a fresh study shared exclusively with City A.M. today. The City muscled out its rivals on the continent to take the crown as Europe’s top listing hotspot, research by consultancy KPMG has found. The capital breezed [...]
Irish accountancy watchdogs raises concerns over Deloitte and EY audits February 28, 2022 Ireland’s audit watchdog has said flagged issues with audits carried out by Big Four accountancy firms Deloitte and EY, after carrying out its annual review of auditors. The Irish Auditing & Accountancy Supervisory Authority (IAASA) said audits completed by Deloitte and EY required improvements, after sampling six sample audits carried out by the firms. By [...]
CMA launches probe into £7.5bn UK cloud market following Ofcom study October 5, 2023 Britain's competition watchdog has launched an investigation into the UK's cloud market after an Ofcom study found competition issues.
Big Four’s legal ventures could see surge in law firm IPOs, DWF chief says December 8, 2022 The Big Four’s efforts to bolster their legal businesses could lead to a surge in the number of UK law firms listing on the stock exchange, DWF chief Sir Nigel Knowles told City A.M. EY’s global split could see the firm become an “aggressive” legal services behemoth, as it is freed from the conflict-of-interest rules [...]
UK tech jobs soar at record pace January 28, 2022 New data released today reveals that tech sector roles are growing at the fastest rate ever as firms gear up for a strong 2022.
FTX collapse shows need for venture capital ‘correction’, says investment chief December 4, 2022 The collapse of FTX has underscored a “distortion” in the venture capital market and the need for a correction across the industry, the boss of a global investment body has said.
Neil Woodford is offering advice, should we listen? April 29, 2024 Neil Woodford, who was investigated by the FCA after losing billions, is telling us to be optimistic about the economy. He has a point, says Eliot Wilson Neil Woodford, whose eponymous investment fund collapsed amid investigation by the Financial Conduct Authority in 2019, has obviously been taking a course in self-assurance from Liz Truss. The [...]
Flight to cities to boost London businesses’ profitability September 13, 2021 Changes to working patterns and companies flocking to cities as the spectre of Covid recedes will boost London businesses’ profitability, according to fresh analysis published today. Research conducted by accountancy firm KPMG shows an influx of new, fast growing businesses into the capital will drive productivity and overall profitability levels up in London. Office occupancy [...]