UK consumer spending is set to fall as inflation hits growth this year says Cebr

Wednesday 11 January 2017 12:03 am Skero said: “A simultaneous consumer and business investment slowdown will leave the economy without two key growth drivers, but there are some reasons for cautious optimism. Although the labour market is set to soften, by historic standards the unemployment rate will remain low.”Unemployment is set to rise to 5.3 per cent in 2017 under Cebr’s central forecast. This would represent a steep increase, although though still below the average for the previous 10 years of 6.6 per cent.The rise in unemployment should reduce the temptation for the BoE to raise interest rates to fight inflation, according to the Cebr. Rates will not rise until “at least mid-2018”, according to their report.A weaker pound may also spur domestic production in some sectors by making imports more expensive, says Cebr. Share Nina Skero, managing economist at Cebr, says, “In 2017, new challenges such as rising inflation will combine with existing ones including weak wage and productivity growth to make for a difficult year.” Surging inflation is set to dent real wages and resilient consumer spending, according to an influential think tank.Inflation will almost quadruple to 2.7 per cent over the course of 2017, according to the Centre for Economics and Business Research (Cebr). whatsapp UK consumer spending is set to fall as inflation hits growth this year says Cebr The UK’s economic growth will stutter in 2017 as the effects of the consequent fall in consumer spending take hold. Consumers are predicted to spend less as rising shop prices outstrip wage growth.Read more: Resilient British consumers grow more confident but economy worries remainCebr predicts UK GDP growth of only 0.8 per cent in 2017 – the lowest point since 2009 during the financial crisis. It will eventually return to 2016 levels of 1.8 per cent in 2019. Hardy consumer spending was the main factor in preventing a widely predicted economic slowdown after the UK’s vote to leave the EU, according to the Bank of England’s (BoE) chief economist, Andy Haldane.If Haldane’s predictions of a “difficult year” for consumers play out it would knock out an important factor in the UK economy, says Cebr.The news comes as City A.M. learns that a large food supplier is in talks with supermarkets about further price increases.Read more: Manufacturing giant Premier Foods considers price rises due to Brexit voteBusiness investment is also expected to fall rapidly as the UK formally begins the process of Brexit by triggering Article 50 of the Lisbon Treaty. Cebr expects a fall in business investment of 3.9 per cent as companies await clarity on a future trade relationship. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveUndoTotal PastThis Woman’s Obituary Was So Harsh, Her Son Was Left ReelingTotal PastUndoMaternity WeekAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongMaternity WeekUndoPost FunDoctor Tells Man He’s Infertile, Then Realizes Why His Three Sons Look So FamiliarPost FunUndo whatsapp Jasper Jolly More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comConnecticut man dies after crashing Harley into live bearnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com read more

British consumers see no negatives from Brexit despite rising economy fears

British consumers see no negatives from Brexit despite rising economy fears Brexit did not stop British consumer confidence from growing over the past year, despite the economy topping a list of concerns for future prospects, according to a new poll.British consumer confidence at the end of 2016 was marginally higher than a year earlier and far ahead of European average, according to pollsters Nielsen. whatsapp Share Tuesday 21 February 2017 12:05 am whatsapp Meanwhile the US saw a huge 17-point surge in consumer confidence during the last three months of the year, as the election of President Donald Trump continues to motivate consumers and professional investors alike.Read more: Looking rosy: UK’s economic prospects reach a year highSteve Smith, managing director of Nielsen UK and Ireland, said: “Times generally remain good for British consumers, with strong employment and wage growth that rose slightly ahead of price inflation during the last year.”He added: “Disposable income remains stable, while tax benefits for the lower paid and a rise in the minimum wage have reduced income inequality. As a result, consumer spend continued to be the engine of UK GDP growth in 2016.” Jasper Jolly More than half of consumers felt confident in making big-ticket purchases, its highest level since the survey began in 2005. Demand for larger items is traditionally particularly vulnerable to economic or political fears.Read more: Consumer confidence is rising, but signs point to low spending in 2017The UK score was a point above the global index average of 101 and the much weaker index score of 81 in Europe. A reading above 100 indicates optimistic sentiment.The findings reflect the UK’s economic performance over the course of 2016, with GDP growth supported by strong consumer spending despite political chaos after the EU referendum vote.The sustained spending strength prompted the Bank of England to dramatically upgrade the UK’s growth prospects for this year, with only a 0.2 per cent decline in growth now expected despite the lower value of sterling. read more

Theresa May says no-deal Brexit isn’t ‘the end of the world’

Theresa May says no-deal Brexit isn’t ‘the end of the world’ Prime Minister Theresa May has suggested that a no-deal Brexit “wouldn’t be the end of the world”, despite the Treasury warning that such a scenario could reduce GDP by 10 per cent.She further claimed that chancellor Philip Hammond’s department’s prediction was “a work in progress” and re-iterated her claim that no-deal is a better outcome for the UK than a bad deal. Read more: UK businesses, ignore Brexit. Now is the time to start exportingAsked about the Treasury’s forecasts on her flight to South Africa yesterday, May told the media: “First off, as I understand, the chancellor was talking about a set of figures that, when they came out in January…[I said] they were work in progress at that particular time.”“Look at what the director of the WTO [World Trade Organisation] has actually said. He said about a no-deal situation that it would not be a walk in the park, but it wouldn’t be the end of the world,” she added, according to the Independent.The widely-reported remarks undermine Remainer Hammond’s predictions about the consequences of no-deal for the UK, set out in a letter to Treasury committee chair Nicky Morgan last Wednesday.In it, he warned of “large fiscal consequences” for no-deal, which could see GDP fall by 7.7 per cent 15 years on, or as much as 10.3 per cent. Borrowing would grow by £80bn a year by 2033-34, the Treasury predicted. Tuesday 28 August 2018 9:10 am Share His comments were based on “provisional analysis” that dates back to January, and in response to a question about whether these figures could be changed, May reportedly said: “I said it was a work in progress in January.”Hammond’s letter conceded that the forecasts would require some tweaking, but added: “We expect the analysis to show that for scenarios in which we have higher barriers to trade with the EU there will be a more damaging effect on the economy and public finances.”May is leading a delegation of business figures to Africa to improve trade relations, amid Tory sniping over their leader’s Brexit plans.Former foreign secretary Boris Johnson said over the weekend that the party should “chuck Chequers”, while People’s Vote campaigners argue for a second referendum.Labour’s Greater Manchester mayor, Andy Burnham, dealt the campaign a blow over the weekend by saying he wouldn’t back a vote on a Brexit deal’s terms.Read more: Theresa May sets sights on Africa trade as Brexit disputes rage whatsapp Joe Curtis whatsapp More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com read more

The Brolly and the Ivy: New Ivy restaurant prepares to open in Canary Wharf with heist-themed launch

first_img Joe Curtis The opening will mark the 14th Ivy restaurant in London, with others including The Ivy Soho Brasserie, The Ivy Chelsea Garden and The Ivy St Johns Wood, alongside its original West Street venue.Any hungry Wharf bankers wanting to get in early can call 0203 971 7111 to reserve a table – but they needn’t worry about wearing a bowler hat. Tags: Trading Archive Share Actors in bowler hats twirled umbrellas and danced to mark the upcoming launch of The Ivy in The Park, a new all-day dining brasserie at Canada Square, Canary Wharf, which will open its doors on 16 October. Tuesday 2 October 2018 8:08 amcenter_img whatsapp The latest instalment of Richard Caring’s Ivy Collection has opened for bookings, marked by a theatrical dance stunt themed around heist film The Thomas Crown Affair. The Brolly and the Ivy: New Ivy restaurant prepares to open in Canary Wharf with heist-themed launch Read This Next20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The WrapIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourJim Cramer Calls for Billionaire Tax: ‘This Society Has to Start AddressingThe WrapTop 5 Tips If You’re Losing Your EyebrowsVegamourWhat Causes Hair Loss? Every Trigger ExplainedVegamour’Drake & Josh’ Star Drake Bell Pleads Guilty to Attempted ChildThe Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapSmoking and Hair Loss: Are They Connected?VegamourThis Is How Often You Should Cut Your HairVegamour whatsapplast_img read more

HMRC fights firms for years in toughest tax cases

first_img whatsapp UK authorities have found themselves caught in several tax trench wars, as the average age of unresolved tax battles with the UK’s biggest businesses climbs.In the year to the end of March, HMRC’s open tax battles rose from an average duration of 34 months to 39 months, meaning many cases are taking over three years to reach a conclusion, according to research by Pinsent Masons. Louis Ashworth Monday 5 November 2018 7:28 pm Share Tags: Trading Archive center_img HMRC fights firms for years in toughest tax cases whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBetterBe20 Stunning Female AthletesBetterBeGundry MD Bio Complete 3 SupplementTop Heart Surgeon: This Simple Trick Helps Empty Your Bowels Every MorningGundry MD Bio Complete 3 SupplementLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBigGlobalTravelCelebrity Marriages That Have Lasted More Than 15 YearsBigGlobalTravelAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorBridesBlushWhat The Harry Potter Stars Look Like Out Of CostumeBridesBlushLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthAll Things Auto | Search AdsNew Acura’s Finally On SaleAll Things Auto | Search Ads Read This NextIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamour20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The WrapTop 5 Tips If You’re Losing Your EyebrowsVegamourRanking ideal landing spots for Golden Tate in free agencySportsnaut’Drake & Josh’ Star Drake Bell Pleads Guilty to Attempted ChildThe Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapWhat Causes Hair Loss? Every Trigger ExplainedVegamourSmoking and Hair Loss: Are They Connected?Vegamour Although some 85 per cent of cases reach a conclusion within 18 months, some are dragging on longer as tax authorities battle through litigation to increase revenues from large firms.Steven Porter, a partner at Pinsent Masons, said: “Businesses face huge disruptions as HMRC continues to drag out even the most basic of tax disputes.”“Having investigations open for over three years leaves businesses in limbo,” he added. “It is not just the disruption, this also creates a sense of uncertainty over what the business’ liabilities might be and that uncertainty can negatively impact on decision making”Though the duration of investigations increased, the number of cases open at the end of the year fell to 3,302, down from 3,617 in 2016/17 – suggesting HMRC is caught remains caught in legal quagmires with several companies that have the resources to draw out tax battles.An HMRC spokesperson said: “The tax affairs of large businesses are incredibly complex, often spanning across many international borders. This complexity means that such investigations may take longer to resolve, but the tax at stake means it is right that we take this time to secure the monies due to the UK. Last year, we secured over £9 billion in additional tax revenue from the largest and most complex businesses.” last_img read more

Aquis eyes listings as it buys loss-making Nex Exchange

first_imgNex Exchange is one of only four equities-focused RIE venues, and bills itself as a challenger to the London Stock Exchange’s (LSE) Aim market. Aquis Exchange, the London-based trading services group, has struck a deal to buy alternative listing market Nex Exchange for £2.7m. Friday 5 July 2019 10:00 am Aquis said the acquisition will help it in its goal of becoming the leading exchange services group in Europe by giving it a Recognised Investment Exchanges (RIEs) license. Alasdair Haynes, chief executive of Aquis, called the acquisition a “milestone” in his company’s “stated aim is to become the leading technology-driven exchange services group”. Read more: Ex-Numis boss’s bid to takeover Nex Exchange falls through Aquis eyes listings as it buys loss-making Nex Exchange from CME He said Aquis was “confident that we can not only deliver growth but we can also positively address the current issues in small and mid-cap trading”. The purchase is expected to be completed in the autumn, should it be approved by the Financial Conduct Authority (FCA). CME Group purchased Nex Exchange’s parent company Nex, the technology-focused financial services firm, for $5.6bn (£4.5bn) in 2018. whatsapp Harry Robertson Yet it currently has only 89 companies listed, with a market capitalisation of around £1.9bn. This compares with more than 900 listed on Aim. In March, plans by former Numis chief executive Oliver Hemsley to take control of London-based Nex Exchange fell through. The deal valued Nex Exchange at £20m, significantly more than Aquis will pay. Nex Exchange made a loss before tax of £2.1m in the year ended March 2018. Aquis said it believes “significant cost savings can be delivered… significantly reducing the loss” in the period after the purchase. CHICAGO, IL – NOVEMBER 02: A trader signals an offer in the Eurodollar pit at the CME Group prior to the Federal Reserve’s announcement that interest rates would remain unchanged November 2, 2011 in Chicago, Illinois. The Federal Reserve announced that interest rates would remain unchanged. (Photo by Scott Olson/Getty Images) Aquis will buy the loss-making Nex Exchange, which is also based in London, from the US futures exchange CME Group. Ken Vroman, senior managing director, cash markets and optimisation services at CME Group, said: “We believe Aquis is well positioned to take Nex Exchange to the next level of its growth.” Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoUnderstand Solar$0 Down Solar in Scottsdale. How Much Can You Save? Try Our Free Solar Calculator Now.Understand SolarUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyUndoNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceUndo It will officially purchase Nex Exchange from CME for £1, plus around £2.7m based on Nex Exchange’s current working capital levels. Read more: Aquis goes live with Paris hub amid Brexit frustration whatsapp Share More From Our Partners Why people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orglast_img read more

UK mortgage approvals rise but consumer lending slows

first_imgBrexit uncertainty has weighed on house prices in 2019, particularly in London where official figures showed they dropped 4.4 per cent in May year on year, pleasing first-time buyers but upsetting homeowners. Share “The overall slowdown in consumer credit growth has clearly been significantly affected by markedly weaker private car sales as this has reduced demand for car finance,” said Archer. Read more: UK retail sales see biggest drop for 10 years in June whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Read more: UK mortgage approvals hit two-year high following Brexit extension “June’s mortgage data tie in with the view that housing market activity got some help from the avoidance of a disruptive Brexit at the end of March, but the overall benefit has been relatively limited,” said Howard Archer, chief economic advisor to the EY Item Club. Consumer spending has been a bright spot in the UK economy in 2019 as trade and business investment have suffered from political uncertainty. However, there are signs it is slowing. Britain’s housing market received a modest lift in June as mortgage approvals increased by more than analysts had expected, Bank of England figures showed today. Monday 29 July 2019 1:52 pm The closely-watched housing survey by the Royal Institution of Chartered Surveyors (Rics) for June showed a “very modest” rise in buyer demand. The perceived end of the stamp duty holiday could indicate what’s to come later this year. The number of people taking out mortgages increased by around 800 in June to 66,400 from 65,650 in May. This was the highest number since January and above economists’ expectations of 65,750. Net lending to UK consumers rose by £1bn in June, higher than analysts’ expectations. Yet this was below June 2018’s £1.4bn figure, and annual consumer credit growth slowed to a 5-year low. A CBI survey showed retail sales fell at the fastest pace in over 10 years in June, due in part to the warm weather and football world cup a year earlier. Harry Robertson UK mortgage approvals rise but consumer lending slows whatsapp Annual lending growth to UK consumers slowed from 5.7 per cent in May to 5.5 per cent in June, however, the slowest rate since April 2014.last_img read more

City Moves for 2 August – Who’s switching jobs?

first_imgAvonhurst Share Main image credit: Getty Capita Friday 2 August 2019 12:09 am Parkdean Resorts Catherine Lynn to has been appointed by Parkdean Resorts to the newly created position of chief customer officer, with responsibility for marketing, digital, insight, commercial and revenue. Catherine joins from Easyjet where she was group strategy and group commercial director. She played a significant leadership role in Europe’s low-cost aviation sector for 20 years, with a focus on delivering outstanding customer service. Catherine will be joining the business on 19 August. Prior to Easyjet, Catherine spent 12 years in retail with Sainsbury’s, and as part of the startup team for British Airways budget carrier Go Fly, where she was founding head of customer services. Catherine is also an experienced non-executive director and has sat on the Airport Coordination and Liberty Living boards. She is currently an independent non-executive director of Thames Water Utilities. City Moves for 2 August – Who’s switching jobs at Parkdean Resorts, Avonhurst and Capita? More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Capita has announced the appointment of new leads for its customer management and people solutions divisions. Aimie Chapple will join in October as exec­utive officer, customer management, while Chantal Free will join the same month as executive officer, people solutions. Aimie worked for more than 20 years at Accenture, holding a series of senior positions, inc­luding UKI chief innovation officer. She is a non-executive director of Learning Technologies Group. Chantal joins from Willis Towers Watson, where she was managing director and head of human capital and benefits, Western Europe. Mark Cook will serve as interim executive officer, people solutions until Chantal’s arrival. He has joined Capita from Investment Services Group. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeUnderstand Solar$0 Down Solar in Scottsdale. How Much Can You Save? Try Our Free Solar Calculator Now.Understand SolarLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthGraber BlindsWindow Treatments So Sophisticated, It’s Hard to Believe They’re so AffordableGraber Blindsbonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comBest Selling Grills | Search AdsTraeger Blaze & American Grills On SaleBest Selling Grills | Search AdsWolf & ShepherdNFL Star Rob Gronkowski Loves These ShoesWolf & ShepherdPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm New advisory firm Avonhurst this week announced it will be joined by two new partners, James Wyatt and Ian Frost. Ian has deep experience working in the European and emerging markets leveraged finance spheres at Magic Circle and leading US firms in London and Germany, having been a partner at both Vinson & Elkins and at Freshfields Bruckhaus Deringer, where he spent over 20 years. Joining Avonhurst as a partner, James also has extensive Magic Circle experience, having worked at Slaughter and May and, more recently, the UAE and London offices of Linklaters. Advising on a broad range of financing products across numerous sectors, he has a particular specialism in global project finance, energy and infrastructure sector finance and infrastructure acquisition finance. The firm was founded in July by former Jones Day partner and leading capital markets and funds lawyer Jonathan Bloom. The two new hires are the first announced since the firm’s launch. City MovesSend your appointments to [email protected] whatsapp whatsapp Today’s City Moves includes Parkdean Resorts, Avonhurst and Capita.last_img read more

Internal auditors name cybersecurity as the top risk faced by their businesses

first_imgThe number of chief internal auditors citing cybersecurity as a top five risk has increased 18 per cent since last year, while this year 21 per cent named it as the greatest risk their business faced. The survey of 528 chief internal auditors found 78 per cent named cybersecurity and data security as a top five threat threat facing their businesses, 59 per cent cited regulatory change and 58 per cent flagged digitalisation. Ian Peters, chief executive of the Chartered Institute of Internal Auditors, said: “Cybersecurity is a problem we regularly see on the news from the theft of 500 million Marriott hotel guests’ personal information, to the security breach which exposed 50m Facebook user identities.” Read more: UK telecoms operators must strengthen cyber security to prevent cyber attacks A laptop displays a message after being infected by a ransomware as part of a worldwide cyberattack on June 27, 2017 in Geldrop. The unprecedented global ransomware cyberattack has hit more than 200,000 victims in more than 150 countries, Europol executive director Rob Wainwright said May 14, 2017. Britain’s state-run National Health Service was affected by the attack. / AFP PHOTO / ANP / Rob Engelaar / Netherlands OUT (Photo credit should read ROB ENGELAAR/AFP/Getty Images) by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyMisterStoryWoman files for divorce after seeing this photoMisterStoryMilitary BudThis Picture Shows Who Prince Harry’s Father Really IsMilitary BudPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryMaternity WeekAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongMaternity Week whatsapp Sixty eight per cent of chief internal auditors said cyber and security risk is one of the top five risks internal audit dedicates its time and resources to.  Read more: Huge Facebook data leak exposes phone numbers of 419m users Tuesday 10 September 2019 1:01 am The chief auditor of a German transport group said: “We have almost doubled our IT auditor headcount in recent years in order to be able to thoroughly audit cybersecurity.”center_img On the rising tide of regulatory compliance, the chief internal auditor of a Swedish bank said: “If we look at the number of hours we allocate for mandatory regulatory and compliance audits, it amounts to about 20 per cent of the total number of hours and it is increasing every year. But our resources are not increasing in line with that. That’s a real challenge.” Peters said the threat from regulatory changes is likely to become “more severe” for UK and Irish businesses, “as they face the prospect of further regulatory change because of Brexit”.  Other key threats were outsourcing, supply chains and third party risk (36 per cent) , business continuity and resilience (31 per cent), financial risks and macroeconomic and political uncertainty (29 per cent). Share More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Internal auditors name cybersecurity as the top risk faced by their businesses The chief auditor of a German multinational insurer said cybersecurity: “Is not just a compliance risk but also a commercial risk and opportunity. It is something that can set us apart from our competitors.” James Booth whatsapp A survey of internal auditors published today has found cybersecurity, regulatory change and digitalisation are the top three risks faced by businesses across Europe.last_img read more

Political chaos holds back London house prices in November

first_imgHowever, Rics said: “Looking ahead, near term price expectations are broadly flat for the country as a whole.” Rics: Political chaos pushes London house prices down in November Jeremy Leaf, north London estate agent and a former Rics residential chairman, added: “New buyer enquiries and listings [are] lower than last month but not falling as quickly as previously, despite significant political and seasonal distractions. whatsapp Political uncertainty held back London house prices in November, a new survey has shown, with gauges of demand and sales stuck in negative territory. Brexit has cast uncertainty over the housing market in 2019 (Getty Images) Read more: London house prices show signs of life in October In London’s huge rental sector, the gauge of new rental stock coming to market in London in November was at its lowest reading since 1998. Chapman said: “On the back of this, rents are expected to flatline in the coming three months.” After the election, survey respondents were hopeful things would pick up across the UK over the next three months with the optimism gauge edging up to 11. Buyer inquiries in the capital fell last month, with the reading of minus 11 down from 21 in October. Newly-agreed sales in London remained flat. The reading of minus five was up marginally from minus six in October. Read more: London house prices suffer UK’s biggest September drop by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funnyzenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyMisterStoryWoman files for divorce after seeing this photoMisterStoryBetterBe20 Stunning Female AthletesBetterBeNinjaJournalistMichael Jordan’s Divorce Settlement Has Finally Been Revealed.NinjaJournalistPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factorybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comJournalistateTeacher Wears Dress Everyday, Mom Sets Up CamJournalistate London house prices were subdued in November, with the Royal Institution of Chartered Surveyors’s (Rics) gauge coming in at minus 33, compared to minus 22 in October. This means far more respondents reported price falls than price increases. New buyer enquiries reportedly fell for the second month in succession, the survey showed. Share Rics member Scott Chapman of Selectsurv said: “The uncertainty around Brexit continues to have a negative effect on the market, and this is likely to be even more noticeable as we approach the end of the year.” Simon Rubinsohn, Rics chief economist, said: “Confidence is critical to a well-functioning housing market and whatever happens in the general election today, it is important that the new government provides reassurance.” Harry Robertson Property company owners are hoping that today’s General Election will provide a clearer political and economic picture that could boost the struggling market. Falling prices have lessened London’s affordability problems, however. whatsapp Thursday 12 December 2019 12:45 am Buyers and sellers were also cautious across the rest of the UK, Rics said. Key metrics capturing buyer demand and sales remained in negative territory in November. Show Comments ▼ “What we have also noticed, which is unlikely to be picked up by national surveys for a while, is the quiet determination of increasing numbers of realistic buyers and sellers to take advantage of improved affordability and a little more confidence in market prospects for 2020.”last_img read more