Deloitte fined £1.8m and reprimanded over Comet administration failures January 30, 2020 Big Four accountancy firm Deloitte was today ordered to pay a fine and costs of £1.8m and “severely reprimanded” by regulators in connection with the administration of retailer Comet in 2012. Professional body the Institute of Chartered Accountants in England and Wales (ICAEW) said today that Deloitte failed to comply with its code of ethics [...]
Exclusive: City heavyweights are top firms for career growth, says LinkedIn April 6, 2022 City headquartered firms have been named as the top companies to work at for career growth, according to LinkedIn research shared exclusively with City A.M. today. Barclays retained its crown, wrestling with Lloyds Banking Group and HSBC, which make the top three companies on the list – all with London HQs. Chasing the coattails of [...]
CFOs do not expect ‘double whammy’ of labour shortages and supply disruptions to ease before 2023 October 18, 2021 Finance leaders believe that the labour shortages and supply disruptions British businesses are experiencing now are likely to persist for a year, with no meaningful easing until late 2022 or more likely early 2023. The majority of CFOs experienced labour shortages over the past three months with three-quarters reporting some, severe or significant recruitment difficulties. [...]
Digital audio revenues up by 520 per cent as publishers show ‘continued determination’ December 14, 2021 A new report published today shows a 31 per cent boost in publishing revenues in the third quarter of 2021 to £149.4m thanks to a colossal rise in digital audio, as well as the continued determination of publishers.
Exclusive: Former Home Secretary Amber Rudd to join Finsbury from Teneo October 6, 2021 Amber Rudd, the former home secretary, is set to leave PR firm Teneo to join rival Finsbury Glover Hering. The ex-politician will join as a senior adviser at the company her brother Roland founded in 1994, City A.M. understands. Rudd spent 18 months at Teneo after a nine-year Parliamentary career as the Tory MP for [...]
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 [...]
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.
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 [...]
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 [...]