New car market ‘growing back and growing green’ with EV surge – but rate hikes peak concern July 5, 2023 Britain’s new car market recorded its 11th consecutive month of growth in June with registrations rising 25.8 per cent – but it might not be smooth driving in the near future. Just under one million new cars were registered in the first half of 2023, up 18.4 per cent on the previous 2022, according to [...]
Big Four auditors up advisory fee incomes as challengers capture larger share of audit work August 5, 2022 The UK’s challenger auditing firms are increasingly capturing a larger share of Britain’s audit market, as the Big Four increasingly generate their revenues through non audit work, new data from the UK’s accounting watchdog shows. The research shows smaller auditors upped their audit fee incomes at almost twice the rate of the Big Four, as [...]
Employers still bumping pay despite labour squeeze cooling January 13, 2022 Employers in London and across the UK are still having to offer attractive pay packets to lure workers despite the labour squeeze easing, reveal fresh figures released today. The rate of decrease in the pool of available candidates slowed at the tail end of last year, boosting labour supply, according to research carried out by [...]
Madness star Suggs challenges corporate Britain to give ex-offenders another chance November 4, 2023 Legendary Madness frontman Suggs challenged 300 business people to give ex-offenders another chance.
Exclusive: UK businesses making strides in quantum computing despite the technology being considered “overhyped” January 21, 2022 New research of UK business decision makers has revealed that 55 per cent of companies think that quantum computing – a type of computing that uses quantum mechanics so that it can perform certain types of computation more efficiently than a regular computer – is an overhyped technology.
EV sales drive new car market growth in September October 5, 2022 The sale of electric vehicles (EVs) has driven a 4.6 per growth in September’s new car market, according to data published today. Figures from the Society of Motor Manufacturers and Traders (SMMT) reported that new electric vehicle registrations grew by 16.5 per cent to more than 38,000 units. After March, September is the second-biggest month [...]
Firms hike pay at record print to lure workers amid labour squeeze November 5, 2021 Businesses are being forced to hike pay at the fastest pace on record to lure talent amid severe worker shortages. Hot competition for fresh staff, compounded by a paucity of available candidates, has led to employers raising starting salaries at the steepest rate since records began, research by KPMG and the Recruitment and Employment and [...]
Mazars UK business posts ‘record’ growth as firm pushes to tackle Big Four’s dominance February 16, 2023 Mazars today said its UK audit business grew 37 per cent over the previous year, as the accounting firm seeks to take on the Big Four and capture a larger share of the market. Mazars’ UK business posted “record” growth, despite rising costs, after its revenues increased by more than a fifth (23 per [...]
MPs call on government to deliver new motoring tax to avoid £35bn hole February 4, 2022 The UK Government could find itself with a £35bn financial hole if it doesn’t introduce an alternative motoring tax before 2030, according to a new transport committee report. MPs have argued that by banning the sale of new petrol and diesel vehicles from 2030, the Treasury could lose two sources of income, fuel duty and [...]
City Moves: Who’s switching jobs in the Square Mile this week? January 11, 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. Moorhouse Management consultancy Moorhouse has appointed a new managing partner, who will focus on supporting the growth of its portfolio, which includes the Health, Financial Services, Energy and Life Science industries. Richard Brackstone, who had previously spent [...]