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....This alone is not enough to clip the wings of Europe’s largest airline, a continent-straddling behemoth set to carry 131 million passengers this year. “Even if those [affected] passengers don’t come back, it won’t knock them,” says John Strickland, director of independent transport consultancy JLS Consulting. ... [Read full article on Guardian ]
Saturday 23rd of September 2017 03:00:19 PM
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.... Startup life is stressful and sometimes is it’s all too easy to take it out on the only other person in the same boat as you: your business partner. After becoming friends while on the same master’s degree course in their twenties, Ed Gillespie and Solitaire Townsend had a solid foundation in place to launch their sustainability and communications consultancy Futerra in 2001. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 06:00:39 AM
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.... The idea that the old have much to learn from the young, as well as vice versa, is increasingly gaining traction in corporate life. Big companies, from the consultancy firm Ernst & Young to the American retailer Target, have used reverse mentoring for everything from helping older workers to master new IT to spreading new thinking and gently challenging outdated working practices (no, it’s not weird for men to want to go part-time when they have kids; yes, people can be perfectly productive while working from home). ... [Read full article on Guardian ]
Friday 22nd of September 2017 05:00:38 AM
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....However, economic and political conditions ahead for shoppers are far from ideal, which some economists expect will lead to a slowdown in spending. “We still expect growth in retail sales volumes to disappoint over the coming months,” said Samuel Tombs, the chief UK economist at the Pantheon Macroeconomics consultancy. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 12:58:06 PM
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Latest Finance News related to Consultancy

Cancellations and staffing crises – is Ryanair losing height at last? image
Source : Guardian [Read Article] Saturday 23rd of September 2017 03:00:19 PM
....This alone is not enough to clip the wings of Europe’s largest airline, a continent-straddling behemoth set to carry 131 million passengers this year. “Even if those [affected] passengers don’t come back, it won’t knock them,” says John Strickland, director of independent transport consultancy JLS Consulting. ...
Yes, older workers need new skills – but they need respect more | Gaby Hinsliff image
.... The idea that the old have much to learn from the young, as well as vice versa, is increasingly gaining traction in corporate life. Big companies, from the consultancy firm Ernst & Young to the American retailer Target, have used reverse mentoring for everything from helping older workers to master new IT to spreading new thinking and gently challenging outdated working practices (no, it’s not weird for men to want to go part-time when they have kids; yes, people can be perfectly productive while working from home). ...
UK shoppers continue to spend despite rising prices image
Source : Guardian [Read Article] Wednesday 20th of September 2017 12:58:06 PM
....However, economic and political conditions ahead for shoppers are far from ideal, which some economists expect will lead to a slowdown in spending. “We still expect growth in retail sales volumes to disappoint over the coming months,” said Samuel Tombs, the chief UK economist at the Pantheon Macroeconomics consultancy. ...
Businesses on the couch: the co-founders  in couples' therapy image
Source : Guardian [Read Article] Wednesday 20th of September 2017 06:00:39 AM
.... Startup life is stressful and sometimes is it’s all too easy to take it out on the only other person in the same boat as you: your business partner. After becoming friends while on the same master’s degree course in their twenties, Ed Gillespie and Solitaire Townsend had a solid foundation in place to launch their sustainability and communications consultancy Futerra in 2001. ...
It’s one rule for big data, another for its victims | John Naughton image
Source : Guardian [Read Article] Sunday 17th of September 2017 06:00:33 AM
.... It’s everything you need to engage in identity theft on an epic scale. “On a scale of 1 to 10 in terms of risk to consumers,” said a fraud analyst at consultancy firm Gartner, “this is a 10. ...
Crisis in Toyland: how the shift online places our childhood favourites in peril image
.... So can they survive?. “The toy market has been under pressure for quite some time,” says Neil Saunders, an analyst at retail consultancy GlobalData. ...
The eurozone strikes back – why Europe is booming again image
Source : Guardian [Read Article] Saturday 16th of September 2017 03:00:15 PM
....2% on last year. The upturn in fortunes is likely to continue, says James Nixon, chief European economist at consultancy Oxford Economics. ...
Black Friday 2017 Date: This is when shoppers will get Amazon, Argos, Tesco best deals image
Source : Daily Express [Read Article] Saturday 16th of September 2017 01:50:00 PM
....Black Friday special throws up some of the best deals of the year on the must-have technology and gadgets - giving shoppers the chance to make big savings on Christmas gifts. The growing US-imported sales phenomenon means that in 2017, November is set to overtake December as the new Christmas shopping month, according to ecommerce consultancy Salmon. ...
California’s big battery experiment: a turning point for energy storage? image
Source : Guardian [Read Article] Friday 15th of September 2017 06:00:02 AM
.... The ability to store and discharge power, though, has particular value for regions pursuing high levels of renewable energy. “As more of our electricity starts to come from wind and solar, grid storage can collect extra electricity when the sun is shining and the wind is blowing, and then give it back during still nights when we need it to power homes and businesses,” says Sonia Aggarwal, vice president of San Francisco-based consultancy Energy Innovation. ...
FCA refuses to publish report on RBS and small business customers image
Source : Guardian [Read Article] Thursday 14th of September 2017 11:01:17 PM
.... They will face questions about the GRG report. A leak inquiry is under way and Bailey said the FCA had asked RBS, the consultancy Promontory Financial Group, which was commissioned to do the report and the accountancy firm Mazars which wrote it, to do the same. ...
New cigarette rules have led to slump in sales, says Londis owner image
Source : Guardian [Read Article] Thursday 14th of September 2017 10:03:54 AM
....”. David Alexander, lead analyst at the consultancy Global Data, said the trading update suggested the Booker business was in healthy shape. ...
Houses more affordable across half of UK now than in 2007 image
Source : Guardian [Read Article] Tuesday 12th of September 2017 11:01:48 PM
....”. Separate figures from the property consultancy Savills show that the average house price in London rose from £286,000 in June 2007 to £482,000 in June 2017. ...
UK prices rising faster than wages as forecasters predict inflation at 2.8% image
Source : Guardian [Read Article] Monday 11th of September 2017 05:01:04 AM
....Transport costs are likely to be one of the main drivers of higher inflation, as petrol and diesel have become more expensive in recent weeks. “For road users, petrol prices are up after the respite given by lower prices over the summer,” said James Brown of consultancy firm Simon-Kucher. ...
Two million UK families face £50-a-week cut in income image
Source : Guardian [Read Article] Saturday 9th of September 2017 08:30:17 PM
.... Almost two-thirds of them are working households, despite claims from ministers that they wish to create a welfare system that encourages work. The analysis, by the Policy in Practice consultancy, also undermines claims from ministers that moves to cut taxes and increase the wages of the poorest are compensating them for years of austerity and the rising cost of living. ...
The $1tn question: how far can the new iPhone 8 take Apple? image
Source : Guardian [Read Article] Saturday 9th of September 2017 03:00:11 PM
....But none of these technological tweaks are cheap – hence the £900 price tag, compared to the £719 starting price of the larger iPhone 7 Plus. The new phone will be a tricky sell, says Jan Dawson, who runs US-based tech consultancy Jackdaw Research. ...
Tory EU migration crackdown plans: the key questions answered image
Source : Guardian [Read Article] Saturday 9th of September 2017 03:00:11 PM
.... They should also introduce automation and robotic technology to overcome labour shortages and raise levels of productivity. Punam Birly, who advises companies on immigration at the consultancy group KPMG, says most countries operate similar immigration systems to that proposed in the Home Office leak and still manage to prosper. ...
Can Poland's answer to Topshop make it on Oxford Street? image
Source : Guardian [Read Article] Saturday 9th of September 2017 07:00:01 AM
....It is easy to forget that international retailers such as Sweden’s H&M and Spanish export Zara, which are now a ubiquitous presence on the British high street, also got lost in translation when they opened their first stores. “The Zara sizing was quite wrong – because we are much bigger than the Spanish or the French,” says Maureen Hinton, a retail analyst at consultancy GlobalData. ...
UK insurance payouts to shrink after U-turn on lump sum formula image
Source : Guardian [Read Article] Thursday 7th of September 2017 05:13:47 PM
.... Assuming the revised Odgen rate becomes law, premiums should stay stable in coming months, or could even fall. Tony Sault, UK general insurance leader for consultancy firm EY, said: “We would expect the recent rise in premiums to level off in anticipation of the new legislation, and ultimately premiums could fall between 2% and 4%, saving up to £21 on the average premium to the consumer. ...
Bell Pottinger could close by end of the year without fresh finance image
Source : Guardian [Read Article] Wednesday 6th of September 2017 11:25:01 AM
....However, according to two sources familiar with the matter the PR agency could breach covenants with its bank by Christmas without new financing. The agency – the first major PR consultancy to be struck off by its own trade body – has appointed accountants BDO to rush through a “pre-pack” sales process and inform potential buyers within four weeks. ...
Asda forced to repay suppliers after breaching fair dealing code image
Source : Guardian [Read Article] Tuesday 5th of September 2017 06:29:45 PM
....Some of those who refused to make these payments, which were greater than those agreed in suppliers’ contracts, were given notice that they would be ousted within as little as four to eight weeks, according to the industry watchdog. Other changes including cost price reductions were also demanded from suppliers with as little as 24 hours notice under the group’s project renewal plan, designed in partnership with the Bain & Company consultancy to save costs and help cut prices for shoppers. ...
UK’s economic model is broken, says Archbishop of Canterbury image
Source : Guardian [Read Article] Tuesday 5th of September 2017 06:26:34 PM
....”. The commission’s membership is drawn from a wide group of business leaders and civil society groups including: Dominic Barton, the global managing partner of the consultancy McKinsey and Company; Helena Morrissey, Legal & General’s head of personal investment; Sir Charlie Mayfield, the chairman of the John Lewis Partnership; Sara Bryson, a community organiser in Tyne and Wear for the charity Citizens UK; and Sally Tallant, the director of the Liverpool Biennial contemporary art festival. ...
Bell Pottinger investor walks away as South Africa row deepens image
Source : Guardian [Read Article] Tuesday 5th of September 2017 11:46:30 AM
.... Bell Pottinger is known to have appointed City advisers up to 18 months ago to explore strategic options, including a sale of the business, but this fizzled out last year. Bell Pottinger, which is ranked as the 13th biggest PR consultancy in the UK, employing an estimated 190 staff, made about £4m in profits and £42m in revenues in 2015, according to the most recent publicly available financial data at Companies House. ...
Lego to axe 1,400 jobs image
Source : Guardian [Read Article] Tuesday 5th of September 2017 07:59:19 AM
.... Success continued with the launch of The Lego Movie in 2014. Lou Ellerton, associate director at the brand consultancy Mash, said Lego had over-extended its product offering, partly because it has licensed so many popular brands, and was operating in a competitive environment. ...
North Korea tensions ripple through global financial markets image
Source : Guardian [Read Article] Monday 4th of September 2017 05:50:06 PM
.... It fell against the euro and the dollar as economic data showed the UK construction industry was flirting with recession. Andrew Kenningham, chief global economist at the consultancy Capital Economics, said: “Provided the worst is avoided, similar reactions are likely in the coming months, but they should generally be short-lived. ...
UK construction 'flirting with recession' as Brexit uncertainty bites image
Source : Guardian [Read Article] Monday 4th of September 2017 10:14:41 AM
.... fifty indicates stagnation, while anything below signals contraction. The figures show the construction sector “flirting with another recession”, according to Samuel Tombs, chief UK economist with Pantheon Macroeconomics consultancy. ...
As the UK economy sputters, it's all systems go in the eurozone | Richard Partington image
.... Results of a survey of company executives show their confidence about future production growth remains at the average levels seen over the past five years. The consultancy Pantheon Macroeconomics said this suggests firms will only invest cautiously in extra capacity. ...
Upgrade downturn: why are people holding on to their old phones? image
Source : Guardian [Read Article] Friday 1st of September 2017 05:24:16 PM
....Even the much-anticipated launch of Apple’s next iPhone is not expected to set the mobile world alight, though it may encourage many Apple users to upgrade at higher prices than ever before. “People have a phone – they understand what they need from it and what they use it for,” says Francisco Jeronimo, a research director at the tech consultancy IDC. ...
US jobs growth misses forecasts as unemployment rises image
Source : Guardian [Read Article] Friday 1st of September 2017 02:09:54 PM
....The August report, however, may have included statistical anomalies that will be ironed out in future. The data will probably be revised a couple of times and may end up showing a brighter picture, according to Ian Shepherdson, founder of research consultancy Pantheon Macroeconomics. ...
UK manufacturing beats forecasts with strong growth in August image
Source : Guardian [Read Article] Friday 1st of September 2017 10:00:34 AM
....6% in the three months to June, despite the PMI data pointing to an expansion of about 0. 5%, according to Andrew Wishart, an assistant economist at the consultancy Capital Economics. ...
John Lewis rolls out scheme to take the hassle out of finding a tradesperson image
....”. Maureen Hinton, group research director at retail consultancy Global Data, said the new service was a way of responding to the “peak stuff” trend in which people are tending to buy fewer physical items in favour of services. ...
Rapid rise in personal borrowing is cooling, says Bank of England image
Source : Guardian [Read Article] Wednesday 30th of August 2017 11:19:35 AM
....5bn, the highest level since December 2008. Paul Hollingsworth, a UK economist at the consultancy Capital Economics, said: “Given that credit is still rising fairly strongly, it suggests that households are confident enough to borrow in order to maintain spending while real incomes are being squeezed. ...
House price fall renews concern over cooling UK economy image
Source : Guardian [Read Article] Tuesday 29th of August 2017 07:15:43 AM
....Household finances are under mounting pressure, with the cost of living rising steadily as the weak pound bites, and wage growth stagnating. Samuel Tombs, chief UK economist at the consultancy Pantheon Macroeconomics, said the slowdown in house price growth reflected the squeeze on real wages (adjusted for inflation) and the slowdown in the pace that mortgage rates are falling. ...
Pension deficit of UK's leading companies equivalent to 70% of their profits image
....Actuaries have warned that even a slight fall in bond yields would see the pension deficit of the plcs outstrip their aggregate profits by 2019. The figures, in a report from the actuarial consultancy Barnett Waddingham, show the deficit has risen sharply as a proportion of profits in the past five years, from 25% of the £214bn pre-tax profits of the FTSE 350 in 2011. ...
Even superheroes may not be able to save Hollywood’s desperate summer image
Source : Guardian [Read Article] Saturday 26th of August 2017 03:00:39 PM
.... This year there were just 208. “The last time I saw figures that low was in 2011, the year films made in the budget-stricken financial crisis of 2009 were released,” says Richard Cooper, film expert at consultancy Ampere Analysis. ...
UK consumer spending growing at weakest rate in nearly three years image
Source : Guardian [Read Article] Thursday 24th of August 2017 10:57:53 AM
....Some of the fall in household spending could be attributed to consumers shifting their car purchases to beat a tax change earlier this year, according to analysts at Capital Economics. “We remain optimistic that a modest acceleration in growth in the second half of the year is in prospect,” said Paul Hollingworth, UK economist at the consultancy. ...
'Growth is slowing in the UK, but picking up elsewhere' – experts debate Brexit data image
....8bn in the four months to July is nearly £2bn higher than it was a year ago. Senior economic adviser at the PwC consultancy and member of the Bank’s MPC from October 2006 to May 2011. ...
Chinese carmaker Great Wall looks at bidding for Fiat Chrysler image
Source : Guardian [Read Article] Monday 21st of August 2017 09:27:46 AM
.... Great Wall Motor shares were up almost 3% in Shanghai. Yale Zhang, head of the Shanghai consultancy Automotive Foresight, commented: “Jeep is the most logical choice since (Great Wall) wants to be the largest SUV maker in the world. ...
Weaker sterling attracts record number of foreign tourists to UK image
Source : Guardian [Read Article] Friday 18th of August 2017 04:16:40 PM
....”. The latest flight booking data from travel consultancy ForwardKeys showed bookings for international arrivals to the UK from August to October were up 9% on the same period last year. ...
Tesco to sell tiny avocados in response to fruit's global shortage image
Source : Guardian [Read Article] Friday 18th of August 2017 03:55:59 PM
....Malde said there had been no sign of a softening in demand for avocados, sales of which have been rising by about 30% in the UK this year. That is despite a more than 50% surge in wholesale prices since the beginning of the year, according to data consultancy Mintec. ...
Wilko warns nearly 4,000 staff could lose jobs image
Source : Guardian [Read Article] Friday 11th of August 2017 12:06:40 PM
....Sainsbury’s is cutting more than 1,000 jobs at its head office as part of an efficiency drive designed to save £500m. The UK’s second-largest supermarket chain has drafted in McKinsey, the management consultancy, to draw up a headcount reduction plan. ...
How Netflix can spawn a Marvel-style Millarworld superhero universe image
Source : Guardian [Read Article] Tuesday 8th of August 2017 12:30:44 PM
....“Some of the Millarworld comics have been made into some big films. There is some latent awareness of its properties,” said Richard Broughton, analyst at media consultancy Ampere. ...
Britons shunning two-week holidays in favour of short breaks image
Source : Guardian [Read Article] Monday 7th of August 2017 12:27:00 PM
....10 on Monday. The consultancy Deloitte said its latest research showed holiday spending had risen in the second quarter of this year from the first. ...
Sainsbury's cost-saving measures will cut 1,000 head-office jobs image
Source : Guardian [Read Article] Sunday 6th of August 2017 04:17:04 PM
....Sainsbury’s is to cut more than 1,000 jobs at head office as part of a fresh efficiency drive designed to save £500m. The UK’s second-largest supermarket chain has drafted in McKinsey, the management consultancy, to draw up a headcount reduction plan. ...
UK economy is about to surge back to life, says leading forecaster image
Source : Guardian [Read Article] Tuesday 1st of August 2017 11:01:30 PM
....Carney is likely to highlight how wages have failed to keep pace with rising prices, hitting real incomes and consumer spending. As one economic consultancy said this week: “The criteria set out by the governor to justify a hike look a long way from being met. ...
Nicky Morgan requests assessment of City's readiness for hard Brexit image
Source : Guardian [Read Article] Monday 31st of July 2017 11:01:01 PM
....The newly elected chair of the Treasury select committee also called on the Bank to provide its views on what a Brexit transition deal should look like to minimise damage to the City. An analysis by the consultancy firm Oliver Wyman calculated that up to 40,000 jobs in the wholesale banking sector – which provides services to companies – could be at risk. ...
Credit card Britain: £1.5BN of debt racked up in ONE MONTH sparking fresh crisis fears image
....Lenders have now been ordered to boost their cash reserves and policymakers are now stress testing balance sheets to see if banks could cope if people started to default on repayments. Separate research from consultancy Retail Economics today showed more than one in ten consumers are only just about managing to make minimum credit card repayments. ...
British motorists 'face 10% rise in car repair bills after hard Brexit' image
....Despite talk of no deal, many Brexit observers believe there has been a softening of the government’s stance since the general election, with increasing talk of the UK negotiating a transitional agreement. In research published on Sunday, the political consultancy Eurasia Group said: “To clear the air and offer more certainty to business than the government’s current nods and winks, ministers believe that May will make a major speech on Europe in September. ...
Brexit border chaos will cause huge delays and cost £1bn a year, says report image
....Britain will be hit by huge border delays, require vast lorry parks in the south-east, and suffer more than £1bn a year in economic damage, according to a stark economic analysis of the likely impact of customs checks after Brexit. Additional costs associated with potential motorway queues, extra customs staff and jobs lost as a result of companies relocating mean even that assessment is “extremely conservative”, a study by a leading economic consultancy warns. ...
'Disgusting and astonishing': how do the UK's top 1% view tax avoidance? image
.... Something that’s designed in an obfuscated way, that only the very wealthy can access, which isn’t commonly used – that’s not on in my book. Management consultancy partner, earning £500,000-£700,000 per year:. ...
Charles Tyrwhitt founder, Nick Wheeler: 'I'm allergic to bureaucracy' image
Source : Guardian [Read Article] Thursday 27th of July 2017 06:00:42 AM
.... I thought the shoe business, made-to-measure shoes, was going to be fantastic, but it was an absolute disaster – they didn’t fit. When I left university I went to work for Bain and Company, an American consultancy. ...
'Britain is fast becoming the sick man of Europe' – experts debate Brexit data image
.... Here’s hoping. Senior economic adviser at the PwC consultancy and member of the Bank’s MPC from October 2006 to May 2011. ...
Yes, the gender pay gap rules are flawed. But they’re the best hope of making things better image
.... The figures will be in the public domain on an official website, hence the worry that upsets and rows at the BBC will be repeated among millions of workers, albeit with less publicity. Wariness – and outright scepticism – about the government’s initiative could be seen in a survey of employers published by consultancy Mercer. ...
Peak Bake Off? UK's home baking boom soggy bottom image
Source : Guardian [Read Article] Thursday 20th of July 2017 05:31:44 PM
....Even before Channel 4 bought the format, sales of baking ingredients had begun to fall back from a peak in 2014, according to IRI. Maureen Hinton, group research director at retail consultancy GlobalData, said that the trend was likely to continue unless Channel 4 was able to come up with “something very different that inspires people’s interest”. ...
Warm weather drives UK shoppers back to the high street image
Source : Guardian [Read Article] Thursday 20th of July 2017 02:21:55 PM
....4% fall in the first quarter. Ian Geddes, head of retail at the consultancy Deloitte, said the sunny weather had brought a “Glastonbury feelgood factor” to Britain’s high streets. ...
The cost of living crisis is down to Brexit. The chickens are coming home to roost | David Blanchflower image
.... In the first quarter of 2017 the UK economy was the slowest growing economy in the G8 and the EU28. Business confidence has fallen and is now at its lowest point for almost six years, the economic consultancy IHS Markit reports. ...
Mike Ashley brushes off 60% dive in profits as shares in Sports Direct rise image
....Jon Kempster has been brought in as chief financial officer. The former finance director of energy consultancy Utilitywise, logistics group Wincanton and industrial firm Delta will join on 11 September. ...
UK house prices rise nearly 5% despite political turmoil image
Source : Guardian [Read Article] Tuesday 18th of July 2017 01:05:46 PM
.... Analysts believe that a fresh slowdown is under way. Samuel Tombs of consultancy Pantheon Macroeconomics is predicting that annual price growth will slow to 1. ...
UK growth will slow as consumer spending is squeezed, forecasts PwC image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:01:11 AM
. Record levels of employment will fail to prevent the economy’s growth rate slowing this year and next during a period when consumer spending will be squeezed by rising inflation and falling living standards, the consultancy firm PwC has predicted. ...
UK business confidence at lowest point for six years, say forecasters image
....The UK needs to prepare itself for weaker economic performance, two major forecasting groups have said, in the latest studies predicting the downsides of the Brexit vote. Fragile business sentiment linked to Brexit-related anxiety, domestic political uncertainty and squeezed consumer budgets have caused UK business confidence to drop to its lowest point for almost six years, the economic consultancy IHS Markit reports. ...
Rupert Murdoch ‘could use Sky data trove for political ends’ image
Source : Guardian [Read Article] Saturday 15th of July 2017 09:00:03 PM
....”. Phil Westcott, managing director of an AI consultancy firm, Filament, who advises companies on how to handle emerging technology, said that what was most alarming was that a single company would own not just this “incredibly rich dataset” but also “all the main information channels into people’s lives”. ...
UK to fund research into letting electric cars return power to grid image
....Drivers also stand to benefit as they would be compensated in some form – such as via payments or free parking – for allowing their batteries to help power grid managers. StrategicFit, an energy consultancy, thinks a single electric car could earn its owner £1,000-£2,000 a year for helping the grid, depending on where it were located and how often it were plugged in. ...
Fears for UK economy after weaker-than-expected growth reports image
Source : Guardian [Read Article] Friday 7th of July 2017 11:37:06 AM
.... Business surveys since then have suggested that activity continues to rise but at a more muted pace as companies grapple with higher costs, weaker consumer spending and skills shortages. Friday’s figures painted “a rather bleak picture for the UK economy and underline the challenges lying ahead,” said Kay Daniel Neufeld, senior economist at the Centre for Economics and Business Research consultancy. ...
Alibaba reveals Echo-like smart speaker image
Source : BBC [Read Article] Wednesday 5th of July 2017 04:05:12 PM
....Tmall allows local and international retailers to run their own virtual storefronts on its platform and says it is China's third most visited shopping site. "It clearly is an advantage if - like Amazon - you can pull consumers into your retail ecosystem with a smart speaker," said Eden Zoller from the technology consultancy Ovum. ...
UK services sector growth hits four-month low amid Brexit fears image
Source : Guardian [Read Article] Wednesday 5th of July 2017 11:39:28 AM
....“Given the deterioration in the forward-looking indicators, such as business optimism and order book growth, the risks are tilted towards the economy slowing in the third quarter,” said Williamson. Scott Bowman, UK economist at the consultancy Capital Economics, said the gloom cast by the PMI was overdone and the economy remained resilient. ...
How much?? image
Source : BBC [Read Article] Tuesday 4th of July 2017 10:26:38 PM
HBOS took £240m hit after 'serious control breakdown' in Reading image
Source : Guardian [Read Article] Tuesday 4th of July 2017 06:35:25 PM
....That police investigation, which began in 2010, led to a trial in January after which six individuals were jailed, including former HBOS employee Lynden Scourfield, who was in charge of looking after troubled businesses and pleaded guilty. Scourfield referred struggling companies to David Mills and his consultancy QCS. ...
Horror stories told by central bankers will not end in an interest rate shock image
....And a look at the economic data shows there is a more mixed picture than the bald GDP numbers would have investors believe. As one leading economic consultancy said, as the stock- and bond-market gyrations eased, rising inflation and sluggish wage growth, among other things, means that UK growth is expected to deteriorate this year. ...
Lloyds bank pays HBOS fraud victims £35,000 in living expenses image
Source : Guardian [Read Article] Friday 30th of June 2017 01:00:51 PM
....”. The fraud took place between 2003 and 2007 when HBOS employee Lynden Scourfield, who was in charge of looking after troubled businesses, referred struggling firms to David Mills and his consultancy QCS in return for luxury cruises and lavish gifts. ...
Consumer confidence collapsed after general election, YouGov finds image
Source : Guardian [Read Article] Monday 26th of June 2017 11:05:13 PM
....25% and the government signalled a relaxation of its plans for further cuts to public spending. Since last August, when confidence surveys recovered some lost ground, the index, which was carried out for the economic consultancy CEBR, has tracked lower, largely in response to uncertainty surrounding Brexit negotiations. ...
Almost half of highly skilled EU workers 'could leave UK within five years' image
....One third of non-British workers are considering leaving the UK, with highly skilled workers from the EU most likely to go, according to new research into the impact of Brexit on the jobs market. The consultancy firm Deloitte found 47% of highly skilled workers from the EU were considering leaving the UK in the next five years. ...
HBOS fraud victims go unpaid as Lloyds battles Noel Edmonds image
Source : Guardian [Read Article] Monday 26th of June 2017 05:07:52 PM
.... He said he has seen an email showing HBOS knew about the fraud in 2008 when it was estimated £200m had been defrauded. Even before the £100m compensation provision, Lloyds had lost £250m on loans caught up in the fraud which took place period between 2003 and 2007 when HBOS employee Lynden Scourfield, who was in charge of looking after troubled businesses, referred struggling companies to David Mills and his consultancy QCS in return for luxury cruises and lavish gifts. ...
Bond Street: status of UK's most exclusive shopping street under threat image
....Many shops have decided to leave despite the surge in well-heeled tourists shopping in the capital since the Brexit vote, which slashed the value of the pound and overnight made London cheaper for foreign tourists. Paul Souber, of property consultancy Colliers International, said a number of Bond Street leases were being “quietly marketed”. ...
Closure of UK’s largest gas storage site ‘could mean volatile prices’ image
....Analysts at Barclays said the closure would increase the volatility of winter gas prices, a view shared by other industry-watchers. Matt Osborne, a risk manager at energy consultancy Inenco, said: “We anticipate that the decision to close Rough will create uncertainty in terms of energy pricing. ...
Brexit critic joins Bank of England interest rate-setting committee image
Source : Guardian [Read Article] Monday 19th of June 2017 03:47:58 PM
.... In the meantime, investors will be poring over her previous comments on monetary policy to gauge whether she will tend towards a “hawkish” stance – being more likely to push for higher rates to curb inflation – or err the other way as a so-called “dove”. Martin Beck at the consultancy Oxford Economics said Tenreyro’s appointment meant the MPC’s “arch-hawk” had been replaced by an unknown quantity. ...
Lloyds likely to extend compensation deadline over HBOS fraud scandal image
....Scourfield was bribed by Mills with foreign cruises and sex parties. In return, Scourfield agreed to give inappropriate loans to struggling businesses, which allowed Mills and his associates to profit from imposing high consultancy fees on those firms. ...

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