Grant Thornton reports 40pc surge in annual pre-tax profit

first_img Tags: NULL Monday 18 October 2010 8:24 pm KCS-content Business and financial adviser Grant Thornton yesterday said annual pre-tax profits grew by 40.2 per cent to £77.6m following its merger with Robson Rhodes and a period of restructuring and cost-cutting.In the year to 30 June the firm’s revenue rose 0.4 per cent to £379.7m. Advisory revenue grew 11.1 per cent to £151.2m but Assurance revenue was down by 6.2 per cent to £135.5m and Tax by 4.8 per cent to £93.0m.Chief executive Scott Barnes said Grant Thornton’s profitability and cash position had created a platform for growth as the firm emerges from the difficult economic environment. Grant Thornton’s strategy is focused on acquisitions to build on its organic growth. This week it acquired litigation support consultancy Legal Inc for integration into its forensic practice.“Our overall performance has been excellent in these conditions. We acted earlier than some others and this is reflected in our 40 per cent growth in pre-tax profits for the year and, against the backdrop of the recession, we have done well to maintain our overall level of revenue,” Barnes said. “We need to increase our profitability further but this was the start I was looking for in my first full year leading the firm.” whatsapp Share Show Comments ▼ whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Grant Thornton reports 40pc surge in annual pre-tax profit last_img read more

IBM hit as new service contracts dry up

first_img Show Comments ▼ IBM hit as new service contracts dry up More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.com whatsapp Tags: NULL Share center_img BM won fewer technology services deals than expected in the third quarter, sending its shares 3.7 per cent lower, although it announced stronger profits and raised its full-year outlookA decline in services and outsourcing contracts signed in the quarter, a key indicator of future revenue growth, prompted some investors to take profits after the shares hit a historic high of $143.04 earlier in the day.Many analysts, however, said International Business Machines Corp was still a solid investment in the long term.“It’s like an eight-cylinder engine. Even if one is weak the others continue very strongly. And they’re still going have a strong fourth quarter,” said Collins Stewart analyst Louis Miscioscia.IBM’s quarterly net profit rose to $3.6bn (£2.27bn), or $2.82 a share, compared with $3.2bn, or $2.40 a share, a year earlier. It also raised its full-year earnings outlook to “at least $11.40 per share” for the full year, up from its previous forecast of “at least $11.25.”IBM’s services contract signings fell seven per cent to $11bn in the quarter and outsourcing signings fell 15 percent to less than $6 billion. But IBM also said it won a major services deal with ABN AMRO on October 8, shortly after the quarter closed, a point Miscioscia and other analysts noted.“If you give them the benefit of the doubt, if that October 8 thing happened nine days before, you could say no one would’ve looked at the numbers funny. But even if you don’t include that, everything else was still strong,” Miscioscia said. Tuesday 19 October 2010 2:37 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times John Dunne whatsapplast_img read more

FTSE opens higher ahead of key data

first_img whatsapp Share Tags: NULL Monday 25 October 2010 3:15 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm FTSE opens higher ahead of key data The FTSE 100 rose on opening this morning with heavyweight miners likely to be buoyed by a softer dollar after the Group of 20 major economies agreed to avoid competitive currency devaluations.The blue chip index looks set to gain 43 to 48 points, or as much as 0.8 percent, according to financial bookmakers, after it closed 16.49 points, or 0.3 percent, lower at 5,741.37 on Friday, retreating after hitting a six-month closing high in the previous session.In terms of domestic economic data, preliminary third-quarter GDP data, due on Tuesday, should attract a lot of attention.With nothing significant due on Monday, investors will look ahead to releases later in the week including the October Nationwide house price index on Thursday along with October’s CBI distributive trades survey, with GfK October consumer confidence data due after the market’s close that day.On Friday, investors will look at Bank of England September consumer credit, mortgage lending and mortgage approvals data.On the other side of the Atlantic, a speech by Federal Reserve Chairman Ben Bernanke, could outline details of an expected new round of US monetary stimulus.Later in the week, the August US Case-Shiller house price index along with October Conference Board U.S. consumer confidence data is due on Tuesday, September’s US durable goods and new home sales data are scheduled for release on Wednesday, weekly US jobless claims data is due on Thursday, with US GDP data out on Friday. center_img whatsapp John Dunne Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap last_img read more

Obama’s tax deal could boost US economy

first_img Obama’s tax deal could boost US economy alison.lock A TAX deal struck between the Obama administration and Republican lawmakers could lift 2011 growth by as much as a full percentage point by leaving more money in consumers’ pockets.Economists say the plan should help breath new life into the sluggish recovery, though it will only add to the already bloated budget deficit.The plan could boost GDP anywhere from a half to a whole percentage point, helping reduce unemployment and lessen the need for the Federal Reserve to increase its monetary stimulus, analysts said.“In all likelihood, the recovery would have made it through next year without backtracking into recession, but this deal improves those odds significantly,” said Mark Zandi, chief economist at Moody’s Analytics.The compromise plan, which still needs to clear Congress, would extend all Bush-era tax cuts for two years, give a 13-month extension of unemployment benefits and cut employee payroll taxes by two percentage points.Initial reaction to the deal was positive, as uncertainty over US tax policy was cited as a factor discouraging companies from hiring, keeping the unemployment rate at an elevated 9.8 per cent.Zandi estimated every dollar of government spending on unemployment benefits would give a $1.60 lift to the economy while every dollar spent on a payroll tax holiday would provide a $1.24 boost.But economists estimate the package, which will also extend breaks on dividends and capital gains, could cost up to $1trn and boost the budget deficit to record proportions. It comes at a time when Obama is under pressure to reduce the country’s bloated $1.3trn budget deficit.Ratings firm Moody’s Investors Service said it was worried the extension of the tax cuts could become permanent, hurting U.S. finances and its credit ratings in the long run. whatsapp Tuesday 7 December 2010 5:06 pm Show Comments ▼ whatsapp Share More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comPuffer fish snaps a selfie with lucky divernypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Tags: NULLlast_img read more

Carillion looks to double international business

first_img Carillion looks to double international business Building firm Carillion said it would look to double revenue from its international business and grow its support services operation in Britain as public sector clients look to cut costs.Carillion also said on it expected to deliver good growth in pre-tax profit and earnings per share in 2010.“The group is well positioned to make further progress in 2011 and to deliver its objectives for medium term growth, namely doubling the revenues of our international businesses, while delivering substantial growth in UK support services as a result of the expected increase in outsourcing by public sector customers seeking to reduce costs,” it said in a statement.Carillion said the decision it made in May 2010 to reduce the size of its construction business in Britain by a third had put it in a strong position to manage the impact of a reduction in capital investment by the government over the next four years, announced in October’s Spending Review.The company said, in the second half of the year, additions to its order book had so far exceeded £1bn. Wednesday 8 December 2010 3:21 am Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof whatsapp Show Comments ▼ John Dunne center_img Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndo Tags: NULL whatsapplast_img read more

Slump mirrors other recessions

first_imgSunday 12 December 2010 10:48 pm More From Our Partners Why people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org KCS-content Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Show Comments ▼center_img THE global economic slowdown is similar to previous recessions, the Bank of England said in its quarterly report released today.And exchange rate depreciations, as seen in the recent slump, have helped economies recover, it added.Financial crises affected recessions in the 18th and 19th centuries, while international financial crises have often impacted the UK, particular after periods of globalisation.The comparison, provided to offer context for the current economic troubles, shows the recovery avoiding a 1930s style double dip. whatsapp Share whatsapp Slump mirrors other recessions last_img read more

Rivals eye up Virgin Atlantic

first_imgTuesday 14 December 2010 9:42 pm KCS-content Share whatsapp RICHARD Branson’s Virgin Atlantic could fall into American hands after several rivals including US-based Delta approached the company about a merger or tie-in deal.A handful of airlines have made enquiries about an eventual partnership with the carrier, according to Sky News, and Virgin has asked Deutsche Bank to help examine its options. Virgin Atlantic reportedly said there is no formal process underway to team up with other airlines.Virgin and Delta did not return calls for comment last night. Branson mentioned earlier this year that he was considering merging Virgin Atlantic with other carriers to keep up with rivals as the market continues to consolidate. Singapore Airlines, which owns 49 per cent of Virgin Atlantic, has been seeking a suitable buyer for its stake for several years. British Airways and Iberia cleared their £5bn merger last month, raising hopes that other large partnerships could be cleared by competition regulators in the future. Virgin Atlantic posted a pre-tax operating loss for the period March 2009 to February 2010 of £132m. whatsapp Show Comments ▼ Tags: NULL Rivals eye up Virgin Atlantic More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comConnecticut man dies after crashing Harley into live bearnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comlast_img read more

Polish interest rates nudged up

first_img whatsapp In a bid to tackle above target inflation, the Polish National Bank increased interest rates to 3.75 per cent yesterday. Wednesday 19 January 2011 7:21 pm Show Comments ▼ whatsapp Tags: NULL Sharecenter_img Polish interest rates nudged up by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHero Wars This game will keep you up all night! Hero Wars Tips and TricksA lemon, salt and pepper are all you need to solve these problemsTips and TricksMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesHome TricksDo You Know What Your Sleeping Position Tells About You?Home TricksCell Phones | Search AdsNew Cell Phones and Unlimited Plan Prices Might Surprise YouCell Phones | Search AdsHealth.recetasget5 Common Cancer Signs to Pay Attention ToHealth.recetasgetYahoo! SearchSearch For Best Senior Home Care – See Top ChoicesYahoo! SearchBuzzDestination10 Things Women Do That Drive Men Away.BuzzDestinationDID U KNOW ReviewsNew Dental Implant Prices Have Seniors Ditching Dentures For GoodDID U KNOW Reviews KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wraplast_img read more

Business travellers stash items worth £1,500 in airplane bags

first_img Tags: NULL John Dunne “However, our survey shows the price of staying refreshed and in touch is a high one for the modern jet-setting employee.” whatsapp Show Comments ▼ Business travellers takes items worth nearly £1,500 in their airplane carry-on bags, according to a survey. Alison Couper, Global Communications Director at Hotels.com – which carried out the research – said: “Today’s business traveller is working harder than ever before and wants to be as ready, able and informed to do their job when they are on the move as in the office. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Ads center_img The research found that business people typically take 12 items, including essentials like toothbrushes and a shirt.But now smartphones and iPads – costing around £700 – are making their way onto the list as technology becomes a must-have tool for modern business. Friday 21 January 2011 9:17 am whatsapp Business travellers stash items worth £1,500 in airplane bags A typical list of travel items for the modern business traveller:Apple iPad – £699BlackBerry Torch 9800 (bought at Carphone Warehouse SIM-free) – £464.95 Moleskine ruled notebook – £15.00Travel pillow – £5.99Mont Blanc Rollerball pen – £230Adaptor plug – £3.99Economist – £2.00Colgate Total Toothpaste – £1.45Oral B toothbrush – £2.99Sure roll-on deodorant – £1.69Marks & Spencer pure cotton non-iron shirt – £25Marks & Spencer lambswool socks – £1 Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Prooflast_img read more

Infrastructure spending is key to City success

first_img whatsapp AS a civil engineer by trade, I have seen first hand how improving and modernising infrastructure can be a powerful engine for economic growth and social change.Working on the demand side of our business has shown me the intimate connection between building South African airports or redeveloping Spitalfields market, and supporting a successful financial services industry.Regeneration and reconstruction can transform communities and cities. And we must remember that infrastructure pays for itself. One pound spent on construction brings £2.84 back into the economy – 92 per cent of which is spent in the UK.But such projects must first be designed, financed, insured, built and maintained.The City is a world leader when it comes to mobilising the capital needed for such large-scale development. In the last 15 years we have invested to an unprecedented degree in our infrastructure, although it will be a perennial challenge. A significant proportion of investment over the past 15 years has been funded via public-private partnerships (PPPs), which have been responsible for around 25 per cent of UK public infrastructure spending.This means the UK – and the City in particular – is a world leader in how to plan, procure, manage and deliver PPP projects from roads to hospitals, prisons to street lighting.Fresh from leading City business delegations to Turkey and the Gulf, it is clear that these rapidly growing markets are taking major strides towards becoming global financial hubs of the future.These countries recognise that delivering top quality infrastructure is vital to attract leading institutions and individuals in a competitive global market. And they are not the only ones – India has been spending about six per cent of GDP on infrastructure over the medium term, while China has been spending close to eight per cent.But in many cases rapid economic growth continues to outstrip infrastructure supply.Addressing this potential bottleneck is vital to ensuring long-term prosperity and so plans such as Abu Dhabi’s “2030 Vision” or Saudi Arabia’s new economic cities are crucial.The opportunities these programmes offer to British companies is astonishing. We must think outside the box and reassert our reputation as collectors of best practice. It is a good sign therefore that three British architectural firms — Atkins, Arup and Pascall & Watson — are involved with SBG for the first phase of Jeddah airport’s reconstruction in Saudi Arabia. This huge contract involves a new terminal building, parking facilities, an airport hotel and a control tower, to be completed within 22 months.British companies working in partnership to deliver world-class infrastructure – a model for future development in markets far and wide.Michael Bear is Lord Mayor of the City of London whatsapp Share Infrastructure spending is key to City success More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald Sunday 20 February 2011 10:32 pm Show Comments ▼ KCS-content Tags: NULLlast_img read more