More than 17,000 outdoor seats added to English streets in al-fresco boom August 6, 2021 Pubs and restaurants have made space for more than 17,000 extra customer seats outside with Westminster processing one third of total pavement licence applications. More than 3,300 fast track applications for pavement licences were lodged by cafes and restaurants as ministers pledged to slash red tape and make the process cheaper and quicker. PwC analysed [...]
UK entertainment and media industry to lead western Europe by 2025 July 13, 2021 The UK’s entertainment and media industry is forecast to become the largest in western Europe by 2025 following a rapid rebound in the aftermath of the pandemic. The sector has suffered a major setback due to Covid, with total revenue falling five per cent in 2020 due to the impact of lockdowns on cinema, live [...]
Insolvencies at ‘jaw dropping’ level as debt industry warns UK economy ‘is not out of the woods yet’ April 18, 2023 More companies in England and Wales entered insolvency during March than at any point since monthly records started three years ago, according to official data that showed a 16 per cent increase on a year ago. The Insolvency Service reported 2,457 corporate insolvencies last month, up from 1,784 in February. The rate of companies falling into insolvency [...]
Made.com to call in administrators as furniture firm’s 700 staff left in lurch November 1, 2022 Made.com has announced the appointment of administrators after cash-strapped consumers have pulled back on big ticket spending. The London-listed furniture firm said on Tuesday that it’s board has resolved to file notice of an intention to appoint administrators at PricewaterhouseCoopers (PWC). The company had been seeking out rescue cash but interested suitors were unable to [...]
Deloitte to buy up Belfast software developer as it pursues Northern Ireland expansion February 9, 2022 Big Four accountancy giant Deloitte is planning to acquire Belfast based software developer Etain, in a vote confidence in the city of Belfast which will see the firm create Northern Ireland’s biggest AI and data practice. The deal will double the size of Deloitte’s Belfast AI and data practice, and see the Big Four firm [...]
The City View: Consumer confidence dips, and the Treasury aims high April 4, 2022 Today Andy Silvester chats to City A.M. reporters Jack Barnett and Lily Russell-Jones. Jack takes us through the latest consumer confidence data from PWC, as the numbers show the sharpest rate of decline since the financial crisis in 2008, and asks whether this will translate to the job market. Lily discusses Rishi Sunak’s plans to [...]
UK government to set out plans for audit watchdog overhaul imminently after years of delays February 14, 2022 UK government ministers will set out their plans to reform regulation of the UK’s auditing industry within the coming weeks, after calls for an overhaul first emerged in 2018 in response to the collapse of UK construction contractor Carillion. The proposals are currently being circulated and are set to be signed off imminently, according to [...]
City Moves: Who’s switching jobs in the Square Mile this week? August 11, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Former Tesco director joins London’s Interpath as special advisor London-headquartered firm Interpath Advisory has appointed former Tesco director and retail veteran Christine Cross as a special advisor for the business. Cross’ extensive non-executive and advisory board [...]
City Moves: Who’s switching jobs in the Square Mile this week? January 19, 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. Standard Chartered Standard Chartered has appointed a new group general counsel who will be based in London. Dr Sandie Okoro, who has been senior vice president and World Bank group general counsel for the past five years, [...]
City Moves: Who’s switching jobs in the Square Mile today? September 30, 2021 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. GAM GAM Investments has hired a former BlackRock Director for its newly created role of Head of Global Consultant Relations. Reporting to Global Head of Institutional Solutions Jill Barber, incoming lead Mary Murphy will help build strategic [...]