McKinsey wins £3m govt contract: fights off competition from EY, Bain and Boston Consulting – CityAM : CityAM August 23, 2021 McKinsey & Company has won a contract worth up to £3m to consult the government on digital, data and technology services ahead of the annual spending review, according to reports. The firm fought off competition from EY, Bain and Boston Consulting Group, according to reports, which suggest that the contract, valued at £53,571 per day, [...]
McKinsey boss Sneader ousted following poor crisis handling February 24, 2021 McKinsey global managing partner Kevin Sneader has been voted out of his position following a perceived poor handling of a succession of crises. All 650 of McKinsey’s senior partners routinely vote every three years on who should lead the firm, but, according to the Financial Times, this year’s election was seen as a referendum on [...]
McKinsey elects Bob Sternfels as new leader following former boss’s ousting March 10, 2021 Bob Sternfels has been elected the new global managing partner of McKinsey, making him the 13th partner to lead the firm since its founding in 1926. The change comes after former boss Kevin Sneader was voted out of his position following a perceived poor handling of a succession of crises. Sternfels will begin his three-year [...]
Top management consultancies don’t make things any better, clients say August 19, 2024 Drafting in a "big three" consultancy firm to help with corporate projects often has no positive effect, a survey of former clients has found.
Commodity traders still made bank last year despite calmer markets April 5, 2024 Global commodity trading generated more than £79bn in earnings before taxes (EBIT) in 2023.
McKinsey paid £560,000 to consult on Public Health England axeing August 20, 2020 Management consulting giant McKinsey was paid more £500,000 by the government to advise on the formation of a new public health authority in England. Health secretary Matt Hancock announced in a speech on Tuesday that Public Health England was to be replaced with a new body called the National Institute for Health Protection. The new [...]
UBS could cut tens of thousands of jobs following Credit Suisse takeover April 2, 2023 UBS may cut as much as a third of its workforce following its takeover of Credit Suisse, Swiss newspaper Tages-Anzeiger reported this weekend, as the bank considers its options for delivering the deal. At the end of 2022, the bank employed around 125,000 people, where approximately 30 per cent of those were based in Switzerland. [...]
NAD Clinic treatments: A boost for National Wellness Month August 6, 2024 One wellness trend that is continuing to grow momentum is NAD treatments, with Google searches increasing by 21 per cent last year alone.
Nearly £40m raised by London and Cambridge autotech companies November 28, 2023 Two British autotech companies, Physicsx and Secondmind, have secured close to £40m in combined investment.
Rolls-Royce: ‘No decision’ on job cuts May 28, 2023 British engine maker Rolls-Royce has made no decisions regarding changes to its workforce, a company spokesperson said on Saturday, after a Sunday Times report said the company was expected to cut about 3,000 non-manufacturing staff. The Sunday Times report added that chief executive Tufan Erginbilgic has hired consultants led by McKinsey to advise on streamlining the company. [...]