EY Germany likely to slash hundreds of jobs as Wirecard scandal fall out casts shadow over future profits January 26, 2023 EY’s German arm is planning to cut 40 partners and 380 staff as it attempts to boost profitability in the wake of the Wirecard scandal. The Big Four accounting firm’s German business is in talks to ditch hundreds of jobs after top audit clients including Commerzbank, DWS, and KfW pulled away from the firm following [...]
Demand for UK business flights has fallen by nearly a third since 2019 May 20, 2024 Business travel demand has fallen by nearly a third in the UK since before the pandemic, according to new research from the New Economics Foundation.
EY announces record intake of almost 1,500 students with 40 per cent in regional hubs October 12, 2022 Big four accountancy firm EY (Ernst & Young) has announced a new intake of almost 1,500 students, with two-fifths based in regional office. EY’s new cohort of 1269 graduates and more than 200 apprentices is a 35 per cent increase on the young cohort for 2021. The firm was the first to remove the requirement [...]
As Morgan Stanley commits to Canary Wharf is the hub turning a corner? April 3, 2024 Morgan Stanley has agreed to stay in Canary Wharf for another 14 years, in a welcomed boost for the east-London banking district following a string of high profile departures.
UK economy to grow twice as fast as expected says KPMG September 25, 2024 KPMG's latest forecasts suggest the economy is on track to grow 1.0 per cent this year before accelerating slightly to 1.2 per cent next year.
Wilko bidders have until Wednesday to make an offer for troubled retailer August 14, 2023 Bidders for troubled retailer Wilko have reportedly been given until Wednesday to place offers for the company after collapsing into administration last week. A number of discount retailers and financial investors are considering offers for the company, and administrator PwC is seeking offers by the middle of the week, Sky News reported. Last week, the [...]
PwC UK profit falls as partner pay drops to £862,000 against backdrop of AI push September 25, 2024 PwC UK has reported single-digit growth in revenue but on the backdrop of the groups profits and partner pay dropping, again
Schroders promotes former PwC executive to top job as Harrison steps down September 10, 2024 Schroders has confirmed the promotion of its finance chief to the top job today as long-time boss Peter Harrison prepares to step down in November. In a statement to the market, the FTSE 100 asset manager said Richard Oldfield, who has served as chief financial officer since last year, will take over the reins from [...]
Bank bosses set for Downing Street summit amid windfall tax fears September 8, 2024 The bank CEOs are likely to be just as nervous about the prospect of any windfall taxes which could be announced in October's Budget.
Natwest boss drops third of executive committee after government slashes stake March 27, 2024 New Natwest boss Paul Thwaite, who formally became chief of the bank in Febraury, has restructured the group's management team.