Manchester City and Arsenal deals for Aymeric Laporte and Pierre-Emerick Aubmeyang set to take Premier League’s January spending to a record £300m January 29, 2018 Premier League clubs are on course to set a new record for January spending, with two days of the winter window still remaining. Arsenal’s expected £53m signing of Pierre-Emerick Aubameyang from Borussia Dortmund and Manchester City’s imminent £57m deal for Athletic Bilbao’s Aymeric Laporte are set to take the combined gross spend for England’s top [...]
The art of investing: Don’t underestimate how artwork can be a force for cultural change | City A.M. August 8, 2018 The art world has changed significantly since Dutch painter Johannes Vermeer created his masterpieces more than 350 years ago. Even since Picasso, Matisse, and more recently Eva Hesse were putting brush to canvas, the art world has grown and evolved. The development of the internet has played a chief role in this evolution, as has [...]
UK M&A dealmakers ramp up charge on US acquisitions as the States takes the spotlight over China and India February 12, 2018 UK dealmakers upped the number of US acquisitions in the second half of last year – rising more than a fifth, according to fresh analysis by Deloitte. Its latest US/UK M&A deal monitor found that the UK acquired 109 US firms in the second half of the year, up 23.9 per cent on the 88 [...]
Challenger accountant CogitalGroup announces first acquisition for Blick Rothenberg December 1, 2017 Blick Rothenberg, the accountancy firm owned by CogitalGroup, has today made it first acquisition as its parent pursues plans to challenge the Big Four accountants. Shelley Stock Hutter, based in Marylebone, has been scooped up by Blick Rothenberg to strengthen its presence in the “owner-managed business” sector. With a team of more than 60 people, [...]
TSB mortgage accounts and some payments still not functioning properly as computer problems enter third week May 7, 2018 Computer problems at TSB have continued into their third week with customers still unable to access their mortgage accounts online. Upcoming credit card payment information is also unavailable online for some customers, leaving them in the dark if they do not have paper statements. Some payments through the mobile app and internet banking are also [...]
Interserve share price dives after being landed with £40m bill from accountants PwC EY and consultants Oliver Wyman FTI Consulting April 30, 2018 Under-fire accountants and consultants are to net almost £40m in fees as troubled outsourcer Interserve pulls itself back from the brink. Big Four bean counters such as PwC and EY as well as management consultants FTI Consulting and Oliver Wyman were paid £13.9m during 2017 with a further £25m to be paid in 2018, it [...]
Five key takeaways from the FRC’s audit sector report October 8, 2018 The Financial Reporting Council (FRC), the audit sector’s watchdog, released its annual Developments in Audit report yesterday, outlining key challenges faced in the sector and assessing the current state of the profession. Audit is under close scrutiny at the moment, as politicians and regulators look closely at the dominance of the Big Four audit firms Deloitte, [...]
London office bonanza as City deals drive record take-up December 15, 2017 Businesses continued to flock to the capital in last month, leasing a staggering 1m sq ft of new office space, according to new figures – boosted by the highest take-up in the City since 2004. Data by CBRE showed the amount of office space leased in central London rose 36 per cent in November compared [...]
Clifford Chance breaks ranks with magic circle to include partners in its gender pay gap figures March 27, 2018 Clifford Chance has included its partner pay in its gender pay gap report, the first magic circle law firm to do so. The firm revealed today that it had a mean hourly pay gap of 66.3 per cent, falling to 27.3 per cent in its partnership ranks, 27.7 per cent among its business services staff [...]
Most businesses are about to plough cash into artificial intelligence November 20, 2017 Most businesses are planning to plough cash into artificial intelligence over the next two years as just one in ten leaders believes the UK to be a world leader in digital. Some 85 per cent of the more than 50 organisations surveyed by Deloitte, which collectively are worth more than £200bn, said they will invest [...]