Articles

Modest services activity points to sluggish growth

A lacklustre performance in Britain’s dominant services sector only just beat expectations in July – positioning the economy for a “steady but sluggish” growth in the third quarter, figures show. Monthly purchasing managers’ index (PMI) data from Markit/CIPS UK Services showed higher than expected growth in the industry with …

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ERA retain Franchisor of the Year crown!

For the second year in a row, Expense Reduction Analysts (ERA) have been named Bronze Franchisor of the Year by the British Franchise Association (bfa). Hundreds of entries from businesses spanning all industries and sectors were whittled down to a shortlist of five truly outstanding franchisors. Standing toe-to-toe with …

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Asda profits slump amid 'intense' competition

Asda’s profits collapsed and the supermarket failed to stem falling sales its disastrous set of results for 2016 have revealed. Britain’s third biggest supermarket, owned by US retail giant Walmart, reported a 3.2% fall in revenue to £21.7bn in the year to 31 December, while pre-tax profits plummeted by …

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Low appetite for new projects slows construction

Construction activity slumped in July to its lowest level in almost a year, the latest snapshot of the sector reveals. Monthly purchasing managers’ index (PMI) data from Markit/CIPS UK Construction showed a significant decline in building works, with a reading of 51.9 for last month – down from 54.8 …

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Trump wants more US access to UK agriculture

Donald Trump has confirmed he expects a “major trade deal” with the UK after Brexit will include reciprocal deals in financial services and agriculture. In transcripts from an interview with the Wall Street Journal, the US President said he wants the new relationship with Britain “as soon as it’s …

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Manufacturing bounce boosted by new exports

The UK manufacturing sector bounced back strongly in July thanks to the strongest surge in export orders for more than seven years. Monthly purchasing managers’ index (PMI) data from Markit/CIPS UK Manufacturing showed higher than expected growth in Britain’s factories with a reading of 55.1 last month, up from …

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Morrisons is bringing back Safeway

Britain’s fourth-largest supermarket chain Morrisons is resurrecting the Safeway brand as a new range of products for wholesalers and independent retailers. It has struck a deal with grocery chain McColl’s which will see the supermarket exclusively supply Safeway own-brand products to 1,300 convenience stores and 350 newsagents from January. …

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Hammond plan can 'save UK from Brexit disaster'

William Hague has come out in support of Philip Hammond’s plans to have a transition period where the UK effectively remains in the single market until 2022. The former Conservative leader says the Chancellor’s approach could “rescue Brexit from an approaching disaster”. It comes after the Prime Minister appeared …

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Whitehall ends Deloitte ban after Brexit row

The professional services giant Deloitte has resumed bidding for Government contracts after being placed in the deep freeze by Theresa May over a memo criticising ministers’ Brexit plans. Sky News has learnt that Deloitte has in recent weeks begun participating in at least one central Government tender process, ending …

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Kids Company bosses face six-year boardroom ban

The founder and former trustees of Kids Company are facing company directorship bans of up to six years following a Government investigation into the charity’s collapse. Sky News can reveal that the Government’s Insolvency Service has informed the former board members of Kids Company – who include Alan Yentob, …

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TaxAssist Accountants Group Chief Executive Director receives Honorary AIA Membership in recognition of his contribution to accountancy and finance

Karl Sandall, Group Chief Executive Director of TaxAssist Accountants, has been awarded honorary membership of the Association of International Accountants (AIA) in recognition of his contribution to accountancy and finance. The award ceremony took place at Marlborough House, Pall Mall, London on 26 July 2017. The AIA is a …

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