City Moves: Who’s switching jobs in the Square Mile this week? March 11, 2022 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. Laing O’Rourke Construction company Laing O’Rourke has posted a former specialist adviser to the House of Commons Science & Technology Committee to its board. Dr Hayaatun Sillem, CEO of the Royal Academy of Engineering, brings a wealth [...]
KPMG to cut back audit clients in bid to boost standards May 29, 2022 Big four firm KPMG will scale back its audit operation to focus on improving standards after being hit by a string of fines over audit failings in recent years.
Ed Warner: The MCC, the Hundred and a £100m question December 21, 2023 Our sport business columnist on English cricket's evolution.
City Moves: Who’s switching jobs in the Square Mile? March 17, 2022 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. Intuit QuickBooks Technology platform Intuit QuickBooks has hired a marketing veteran as its new UK marketing director. Based in London, Faith Wheller is set to bolster the firms growth strategy for the UK. Wheller, formerly of US tech [...]
Return to office delayed for unvaccinated Credit Suisse staff in US August 25, 2021 Credit Suisse has told its unvaccinated US employees to continue to work from home until mid-October while vaccinated staff can return to the office from September, according to reports. The Swiss lender postponed the date when all of its US staff would be required to return to working from the office to 18 October, according [...]
HSBC backed buy-now-pay-later firm Divido raises $30m in funding June 2, 2021 Buy-now-pay-later firm Divido has raised $30m today in a Series B funding round boosted by HSBC and ING, as it eyes expansion. The retail finance company, which launched in 2014, has a white-label platform that links up lenders, merchants and partners at the point of sale, to make digital spending quicker and easier. “The retail [...]
UK’s audit watchdog set to reclaim control over licensing of major accountancy firms April 12, 2022 The UK’s audit watchdog is preparing to strengthen its powers to sanction Britain’s major accountancy firms. The Financial Reporting Council (FRC) is readying itself to take back control over the registration of the UK’s auditing firms, sources told the Financial Times. In doing so, the FRC would be given new powers to strip licenses from [...]
Deloitte boosts partner pay as profits jump August 27, 2019 Deloitte partners are in line for a pay hike this year, despite the current controversy surrounding the future of the Big Four accounting firms. Average profit per equity partner rose six per cent to £882,000 for the year ended 31 May. Profit available for distribution rose to £617m, up from £584m in the prior year. Deloitte [...]
EY posts record revenues of £40bn as consulting sales surge September 21, 2022 EY today posted record revenues of $45.4bn (£40bn), on the back of its strongest growth in decades, as partners in the Big Four accounting firm prepare to vote on plans for a global split in what could be the biggest shakeup to audit sector in years. The accountancy firm saw its combined global revenues [...]
Growth in UK manufacturing sector plummets to 13-month lows April 1, 2022 Growth in the UK’s manufacturing sector has plunged to its lowest levels in more than a year, due to the impacts of soaring inflation, supply shortages, and the war in Ukraine. The rate of expansion in the UK’s manufacturing sector has dropped to its lowest levels in 13 months, according to S&P Global’s Purchasing Managers [...]