Boardroom shuffle: Mitie ushers in BT executive and former government adviser March 29, 2022 British outsourcing giant Mitie has undergone a boardroom shuffle, ushering in a BT executive and former special adviser to health secretary Sajid Javid. Stepping onto the board at the beginning of April, Chet Patel and Salma Shah join as non-executive directors. Patel, who will maintain his role as BT’s chief commercial officer and managing director [...]
EY working to spin off its audit business in biggest shakeup of any Big Four firm in two decades May 27, 2022 EY is working on splitting its business in two, to separate out its audit and advisory operations. The accountancy firm is planning the biggest shakeup to the Big Four in two decades, by spinning off its audit business into a separate firm, according to the Financial Times. EY’s plans come as part of ambitious efforts [...]
Zumo launches pioneering full-stack B2B crypto solution May 25, 2022 Edinburgh-based crypto wallet and payments platform Zumo has launched 'Zumo Enterprise' - its new B2B ‘crypto-as-a-service’ solution.
Audit reform plans ‘ready to go’ but government delays now holding UK back, accountancy chief warns February 20, 2023 The UK government’s failure to overhaul the country’s audit sector risks seeing Britain lose its position as a world-leading investment hub, the head of the Institute of Chartered Accountants in England & Wales has warned. ICAEW chief Michael Izza told City A.M. continued delays to the UK’s planned reshaping of the country’s audit sector could see foreign investors [...]
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.
City Moves: Who’s switching jobs in the Square Mile today? November 25, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Deloitte Deloitte’s Financial Advisory practice has hired a new partner in its Financial Institutions Group (FIG) Corporate Finance M&A Group, to help offer advisory services to banking clients. Joining from investment bank Alantra after beginning his career at Lloyds [...]
UK lags behind Europe on gender boardroom balance February 1, 2022 UK boardroom diversity falls behind Europe with less than a third of seats held by women
Big Four cut ties to China’s debt-ridden property giants as developers delay results March 30, 2022 The Big Four auditors have begun cutting their links to China’s heavily indebted property developers, amid mounting concerns over the sector’s debt crisis. Accountancy giants Deloitte and PwC have both pulled out of auditing at a slew of Chinese property developers over the past three months. The exits come as PwC is reportedly set to [...]
FTSE 100 today: London shares set for quite open; focus shifts to US inflation and Q1 earnings season April 8, 2024 Asian stocks showed mixed results with the Nikkei rebounding and China facing property woes. Major Asian currencies weakened. Gold prices slipped from their record high last week, while bitcoin saw a rise in value. All eyes are now on US inflation data and the start of first quarter earnings season.
Mark Kleinman: This week’s must-read column March 28, 2024 Sky News’ City Editor Mark Kleinman writes a weekly column for City A.M., this week on the planned football regulator and NatWest’s new leadership team They think it’s all over – it isn’t yet, not by a long way. With apologies to the late Kenneth Wolstenholme, the legislation published by the government last week to [...]