EY ditches split plan after opposition from US unit April 11, 2023 EY has ditched its plan to split its audit and consulting businesses following opposition from its US unit. The firm’s global executive committee relayed the decision to partners in a note today. The Big Four firm had put its plan to separate its audit division from its consulting business, dubbed ‘Project Everest’, on hold following infighting [...]
KPMG restarts UK government contract bids August 8, 2022 KPMG has restarted competing for UK government contracts, after the Big Four accounting firm withdrew from public sector tenders last December, following a series of high-profile accounting scandals. The Big Four accountancy firm re-commenced bidding for UK public sector contracts in early-June, after it pulled out of competing for lucrative UK government contracts at the [...]
RAC calls on supermarkets to cut petrol prices to ease cost of living crisis November 22, 2022 RAC has urged supermarkets to cut their petrol and diesel prices to ease the pressure on struggling Brits ahead of Christmas.
Pinsent Masons ramps up its ESG presence with latest acquisition January 10, 2023 Pinsent Masons today acquired sustainable finance consultancy Morgan Green Advisory (MGA) as the London law firm seeks to capitalise on surging demand for ESG advice. The law firm’s acquisition for an undisclosed sum will see MGA’s 25 expert consultants join Pinsent Masons’ 2,500-strong international team. The London firm’s decision to snap up MGA comes as [...]
Grocery price inflation drops sharply to 12.7 per cent August 15, 2023 Grocery price inflation saw its second sharpest fall since 2008, falling 2.2 percentage points to 12.7 per cent for the four weeks to 6 August, new data shows. While food prices are still rising, some goods actually became cheaper, with shoppers paying £1.50 for four pints of milk, down from £1.69 in March, and a [...]
Deloitte fined £1.25m over failings in building supplies firm’s audit December 22, 2022 The UK’s accounting watchdog today fined Deloitte and one of its senior auditors over failures in auditing the accounts of building products manufacturer SIG plc. Britain’s Financial Reporting Council (FRC) fined the Big Four accountancy firm £1.25m, discounted to £906,250 for admissions and early disposal, over its failure to apply sufficient professional scepticism in auditing [...]
FTSE 100: Natwest, Barclays and Lloyds shares drop on fears of Labour tax raid August 28, 2024 Shares in the UK's largest banks dropped on Wednesday amid concerns that the new Labour government could raise taxes on the sector in October's Budget.
Mark Kleinman: Boots owner Walgreens has shot itself in foot July 4, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
RAC calls on Tesco and others to cut fuel prices as costs fall January 6, 2023 The RAC has called on Big Four supermarkets such as Tesco to further cut fuel prices as diesel and petrol prices fell by around 9 per cent in December. Data published today by the motoring group show that petrol went down by 8.4p to 151.1p per litre in December, whilst diesel decreased by 9.4p to [...]
KPMG to cut jobs and freeze pay in deals division October 17, 2023 Around 110 employees, nearly seven percent of the KPMG's UK deals workforce, are expected to be laid off, according to the Financial Times.