NEWS - BUSINESS & ECONOMY
New YouGov BrandIndex data has revealed that memorable ad campaigns really work when it comes to companies operating in the price comparison sector of the UK.
The study found that ad campaigns that built momentum and become part of popular culture have distinct effects on the success of a business.Read more >>
Homeplus, Tesco's South Korean business, has been sold for £4.2bn, the UK's biggest supermarket chain and world's third largest retailer has announced.
With continued aggressive competition in the UK supermarket sector, the sale is aimed at paying down debt and shoring up the balance sheet.Read more >>
The 'Northern Powerhouse' could be the most substantial growth opportunity for England's Northern regions since Victorian times, according to a leading research institute.
The Institute for Public Policy Research (IPPR) is the UK's leading progressive think tank, and IPPR North is its dedicated arm dealing with the north of England, with bases in both Manchester and Newcastle.Read more >>
The Competition and Markets Authority has called on accountants to make sure their clients comply with competition law.
The non-ministerial government department has made a 60-second video summary that gives an introduction to competition law in the hope of keeping the issue fresh in the minds of advisors.Read more >>
According to new data from the Office for National Statistics (ONS), the number of workers in the UK who are on so called zero-hours contracts has gone up.
In the April to June period this year, 744,000 people were employed under the terms, which means that a 2.4% of the total number of people in work were affected. The number represents an increase of 0.4% on the same period from 2014.Read more >>
Although the issue of tax evasion by non-domiciled persons was a feature of the last election in the UK, the amount of tax revenue collected from them actually rose by 7%, according to city-based law firm Pinsent Masons.
In the firm's report, 2013/14 saw non-doms contribute £6.6bn in tax, an increase from £6.18bn on the previous year.Read more >>
The UK economy is set to perform well over the coming autumn, according to a new report from the Confederation of British Industry.
A strong end to the year will come after the economy picked up over the spring and summer, with growth having increased from 0.4% in the first quarter to 0.7% in the second.Read more >>
After only two years in the job, Virgin Money's Chief Financial Officer Lee Rochford is leaving the company.
Rochford, who joined Virgin Money in October 2013, will serve out his notice period, although he is effectively standing down as CFO and executive director with immediate effect.Read more >>
China’s economy is not the only thing that is worrying Stateside investors, as a potential US rate rise is also looming.
The result has been the worst August in three years for US stock markets, with the Dow off 114 points, S&P 500 down 16 and Nasdaq falling 52 all in the same day.Read more >>
Eurostat has reported that the Eurozone inflation rate held steady at 0.2% in July.
The figure, which is well below the target of the European Central Bank (ECB), represented a big disappointment for backers of the monetary stimulus approach, which promised a swift answer to slow growth across the continent.Read more >>
Production has been approved for the Culzean gas field, the largest new oil and gas field to have been discovered in the North Sea in 10 years.
The UK Oil & Gas Authority has given Maersk Oil the go-ahead to start production, which is expected to meet 5% of the UK's entire gas needs when it hits its peak.Read more >>
Total, the French firm that is one of the biggest energy operators in the North Sea, has sold$900m (£585m) of its UK gas assets.
Two pipelines and the St Fergus terminal in Scotland are included in the sell-off, which has been blamed on the worldwide collapse of oil prices.
Read more >>
Individual long-term investors in mid-sized businesses need to be encouraged by more tax incentives, according to a new report from the Confederation of British Industry & BDO.
The report, jointly authored by BDO and the CBI says that additional tax incentives would enable more of the country's medium-sized businesses to achieve their full potential.Read more >>
Although China's central bank has cut its key lending rate it has not halted further stock market falls.
The new rate cut by the central bank of 0.25 percentage points meant its key lending rate now stands at 4.6%, however this has failed to calm the nerves of stock markets.Read more >>
One of Britain’s Big 4 firms, Deloitte, has a profit pool of £593m to be shared out amongst partners.
The money is the result of a surge in revenues from its consultancy business, and means that 721 partners will receive an average of £822,000.Read more >>
The Russian currency has fallen in value in the wake of decreasing oil prices and the panic sweeping through global markets.
Setting its rate for August 25 at 70,74 roubles to the dollar, the Russian central bank saw its currency value at the weakest it has been since 1998.Read more >>
The Office for National Statistics (ONS) has released figures for 'employed human capital' in the UK, which is the total estimated future earnings of everyone in jobs in the country.
The data shows that the value of employed human capital increased in 2014 to reach £18.22tn.
Read more >>
The Confederation of British Industry (CBI) has claimed that increases in productivity, household spending, and business investment means UK GDP will see stronger growth than previously anticipated.
This has led the business lobby group to upgrade its forecast to 2.6% for the year.Read more >>
The continuing fallout from China's current domestic financial problems has hit stock markets in London, Paris and Frankfurt as investors become more concerned about the state of the world's second largest economy.
Shares fell sharply with London's FTSE 100 index down by 2.6% in morning trades while counterparts in France and Germany fell by almost 3%.Read more >>
The EU has given the go ahead for more tax breaks for films which are produced in the UK.
The government’s plans to enable film production companies to claim tax relief of 25% which would be payable towards the cost of production has received the green light.Read more >>
The industrial trends survey from CBI is a well-respected industry report, and this month it revealed an unexpected improvement on manufacturer's order books.
Economists had expected the monthly total order book balance to remain stagnant, but the figures show that output continued to increase at a steady pace for the three months to August.Read more >>
Isobel Sharp, former senior technical partner at Deloitte has joined the audit committee of IMI, an engineering group and a member of the FTSE 250, as a non-executive director.
The highly respected financial figure has an extensive background as an influential player in the UK economy and the appointment has been well received.Read more >>
The latest figures from the Office for National Statistics (ONS) reveal that retail sales volumes in the UK rose by 0.1% in July.
This means the figure has bounced back from a fall in the previous month, which is good news for the continued revival of the UK economy.Read more >>
Britain’s top companies have a widening pay gap between bosses and average workers, according to a new report.
The High Pay Centre pressure group has revealed that the average FTSE 100 chief executive earns 183 times more than employees lower down the scale. What's more, although the FTSE 100 shrank by 3% in 2014 average executive remuneration increased.Read more >>
Japan's Prime Minister Shinzo Abe’s efforts to reverse years of poor growth with a big stimulus programme have proven disappointing as output contracted by 0.4% in the second quarter.
Official data revealed the shrinkage and underlined the so-called “Abenomics” growth policy's failure to make a difference so far.Read more >>