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
FCA to ‘intensify engagement’ with City over controversial ‘name and shame’ plans September 24, 2024 The Financial Conduct Authority (FCA) is planning to "intensify" its engagement with the City in the coming months over controversial plans to ‘name and shame’ firms under investigation.
Exclusive: Record amount of tax contributed by insurance members of ABI September 23, 2024 The Association of British Insurers has revealed its members contributed a record £18.5bn in tax to the UK’s public finances over the last financial year
Summer of sport helps provide respite but insolvency trend continues September 20, 2024 A summer of sport and warmer weather helped provide some respite to the retail and hospitality industries in England and Wales helped the number of insolvencies dip last month compared to July, according to new figures. Around 10,000 individuals entered insolvency in August 2024, five per cent lower than July’s total but 16 per cent [...]
Big Four under pressure as government looks to slash £5.4bn consultant bill September 19, 2024 The UK government should review opportunities for further insourcing in management consultancy, a top think tank has urged, putting more pressure on the Big Four firms as Labour seeks to cut spending.
Titanic shipyard Harland & Wolff at crunch point as administration looms September 15, 2024 It was revealed last week Harland and Wolff may be on the brink of announcing its adminsitration, with a number of bidders circling.
The Gym Group swings to profit as growth plan pays off September 11, 2024 Budget fitness centre operator The Gym Group swung to a profit in the first half of 2024 and said it was “well set” to deliver full-year earnings at the top end of market forecasts. The London-listed firm, which has 240 locations across Britain, reported a pretax profit of £0.2m for the six months, compared to [...]
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 [...]
Bloom & Wild hires first finance chief from Purplebricks as it targets return to profit September 10, 2024 Online flower delivery company Bloom & Wild has appointed a top boss at Purplebricks at its first-ever chief financial officer. Dominique Highfield has been hired by the London-based group from her position as chief operating officer at the online estate agency. Highfield has been at Purplebricks for almost two years, first joining in November 2022 [...]
Santander cracks down on hybrid working as return to office trend grows September 8, 2024 Santander has cracked down on its approach to hybrid working in what is seen as yet another sign that companies are beginning to favour more in-office working patterns.