Made.com to cut staff as it mulls sale of the business September 23, 2022 Beleaguered retailer Made.com said it will conduct a strategic review of its future options, including job cuts and possible sale of the business. The online furniture and homewares firm came to market in January last year at a price of 200p per share, valuing the group at £775m. The shares have steadily slumped ever since [...]
City Moves: Who’s switching jobs in the Square Mile? October 6, 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. BGF BGF has bolstered its investment team in London with a new lead to oversee the healthcare sector. Sonia Powar, a former partner at capital and venture debt firm BOOST&Co, first launched her career at PwC where [...]
NHS: US tech giant Palantir handed £330M data contract amid safety concerns November 21, 2023 Companies, led by Palantir Technologies UK, will provide a new shared software system known as the NHS Federated Data Platform
Big Four auditors up advisory fee incomes as challengers capture larger share of audit work August 5, 2022 The UK’s challenger auditing firms are increasingly capturing a larger share of Britain’s audit market, as the Big Four increasingly generate their revenues through non audit work, new data from the UK’s accounting watchdog shows. The research shows smaller auditors upped their audit fee incomes at almost twice the rate of the Big Four, as [...]
Bain, McKinsey and BCG outgun Big Four with huge salaries and big bonuses January 28, 2022 The Big Three consulting firms – Bain, McKinsey, and Boston Consulting Group (BCG) – are now offering considerably higher salaries than the Big Four accounting firms – EY, PwC, KPMG, and Deloitte – new figures from Management Consulted show. A tight global labour market in 2021 and stiff competition among white collar firms has caused [...]
Morrisons fends off Issa brothers’ EG Group in battle for McColl’s May 9, 2022 Morrisons has emerged victorious against EG Group in gaining control over McColl’s Retail Group, it has been reported. The supermarket giant had upped its offer to snap up the beleaguered newsagent operator after a last minute battle with the Issa brothers’ EG Group. According to Sky News, the chain beat down its competition after making [...]
City Moves: Who’s switching jobs in the Square Mile? September 16, 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. Bovill Financial regulation consultancy Bovill has appointed a Big Four director to head its wealth practice, covering financial planning, regulatory compliance and prudential obligations. Based in London, Matt Browne joins from PwC, where he was a director [...]
KPMG UK revenues soar to £2.72bn as chief rules out split January 31, 2023 KPMG’s UK business today posted double digit revenue growth for the second year in a row on the back of fast-paced expansion in its consulting and M&A deals advisory divisions. In an interview with City A.M., KPMG UK’s chief executive said the “very strong financial performance” signalled the strength of KPMG’s “multidisciplinary” model, as he [...]
The Notebook: Neil Bennett on Thames Water’s future, Iceland’s remarkable recovery and Twitter’s new rival July 5, 2023 The Notebook is where interesting people say interesting things. Today it’s Neil Bennett, global co-chief executive of advisory firm H/Advisors Where next for Thames Water? However big and powerful they appear, businesses are in reality fragile creatures. Many thousands of them fail every year for all sorts of reasons, and today’s behemoth is tomorrow’s insolvency [...]
Wilko collapses into administration, placing 12,000 jobs at risk August 10, 2023 Wilko has collapsed into administration today after the struggling high street retailer failed to find a rescuer. The 400 strong high street store has appointed PWC as administrator, after a number of talks to save the business failed to come to fruition. In a statement, chief of Wilko, Mark Jackson, said the company had been [...]