‘Magnificent Seven’ sell-off ahead of big week for big tech April 22, 2024 Big tech share prices have been dented by a sector-wide sell-off of risky assets ahead of four "Big six" firms reporting Q1 results.
FRC: Audit regulator’s review flags troubling performance by BDO and Mazars July 30, 2024 The Financial Reporting Council (FRC) has published its Annual Review of Audit Quality, highlighting troubling performance from audit firms BDO and Mazars
HSBC, Barclays, Lloyds and NatWest under fire for ‘measly’ savings rates… again July 3, 2023 Banks are in the firing line for low savings rates once again after the big four lenders received another letter from the influential Treasury Committee. Writing to the UK heads of the big four banks, Harriet Baldwin – chair of the Treasury Committee – said the Committee was “concerned that banks’ savings rates remain too [...]
EY appoints ex-Cargill exec as newly-separated advisory firm’s CFO January 10, 2023 EY has appointed former Cargill and General Electric exec Jamie Miller as chief financial officer (CFO) of its split-off global advisory firm. Miller’s appointment as CFO of EY’s soon-to-be separate consultancy firm comes as the Big Four firm pushes forwards with plans to float the newly spun-out business in New York. EY chief executive Carmine [...]
Octopus bets big on wind power with four new European deals March 10, 2022 Octopus Renewables will nearly double its wind power capabilities after reaching four new deals to ramp up power generation in Europe.
EY puts global split on hold following fight over tax business March 9, 2023 EY’s plans to split its audit division from its consulting arm are on the brink of collapse amid a fight over the future of its tax business. The Big Four accounting firm has “paused” its plans for a global split, in the face of fierce disagreements over the extent to which its tax division should [...]
Petrol prices: Supermarkets accused of using election ‘distraction’ to keep prices high June 17, 2024 The RAC said prices are "far higher than they should be."
KPMG stands behind audit of Silicon Valley Bank, accounting firm’s US chief says March 15, 2023 The chief executive of KPMG’s US business has said the Big Four accounting firm stands behind its audit of Silicon Valley Bank, after it gave the California financier a clean bill of health just two weeks before its collapse. KPMG chief Paul Knopp told an event at New York University that “we stand behind the [...]
BT taps Blackstone boss to lead communications team May 2, 2024 British telecoms firm BT has tapped top Blackstone executive Stephen Lewis to join its executive management team and lead all communications.
Can Sainsbury’s flat earnings squash profiteering claims? November 2, 2023 Sainsbury's has been ramping up its loyalty Nectar card scheme so that shoppers can get discounts on their groceries during a period of high inflation.