FTSE 100 chief execs continue to feel the pinch with lower pay packages November 22, 2021 The pay cheques of FTSE 100 company chief executives have taken a hit this year, as executive rewards were curbed during the pandemic, according to reports.
Zebra Power enters administration November 10, 2021 Zebra Power (Zebra) has entered administration, appointing PwC to guide the process. The energy retailer supplied gas and electricity to approximately 15,000 domestic consumers before it ceased trading earlier this month. Its stranded customers have been designated by Ofgem to British Gas through its supplier of last resort process. The company is headquartered in Manchester [...]
Budget 2021: Bank surcharge slashed but lenders still stung by higher taxes October 27, 2021 UK banks will still be stung by a higher tax rate on their profits even though Chancellor Rishi Sunak confirmed he will slash the bank surcharge. Sunak told the House of Commons today that the bank surcharge will drop to three per cent from eight per cent in 2023. However, the increase in the headline [...]
EY agrees record $100m settlement with US regulator over ethics exam cheating scandal June 28, 2022 EY has reached $100m (£82m) settlement with the US Securities and Exchanges Commission (SEC) over claims the Big Four firm’s auditors cheated on accounting exams and later misled the watchdog’s investigators. The US financial watchdog said in a statement that EY had agreed to pay the highest penalty ever imposed on an audit firm by [...]
EY revenues hit record highs as partners prepare to vote on global split November 1, 2022 EY’s UK business today posted record revenues of more than £3.2bn as partners at the Big Four firm prepare to vote on plans for a global split. The UK business’ revenues increased 17.2 per cent as the accountancy firm’s fee incomes were bolstered by a 33 per cent uptick in consulting revenues. A 15 per [...]
Deloitte pays partners more than £1m each as consulting revenues surge September 30, 2022 Deloitte today said its 672 equity partners will take away average payouts of £1.06m each after a bumper year for its advisory business saw the Big Four accounting firm’s revenues surge 10 per cent to £4.9bn. The uptick in Deloitte’s UK revenues for the year running up to 31 May 2022 came as sales [...]
5 Reasons Why This Year’s City Giving Day was the Best One Yet September 29, 2023 On Tuesday 26 September, The Lord Mayor and Lady Mayoress of the City of London, Alderman, Sheriffs and 570 City businesses came together for City Giving Day. Hosted by The Lord Mayor’s Appeal, the annual event unites the City to celebrate and promote the positive impact of philanthropy. Here’s 5 reasons this year’s City Giving [...]
Banking watchdog calls in PwC for Goldman Sachs reporting probe February 25, 2020 The UK’s banking watchdog has reportedly called in a Big Four accountancy firm to examine Goldman Sachs’ regulatory reporting in its London operation. The Prudential Regulation Authority (PRA) has hired audit firm PwC to carry out a so-called skilled person’s report on Goldman Sachs International, Sky News reported. The appointment follows concerns about supervision at [...]
Succession – planning that is – and why you don’t need to be as rich as Logan Roy to secure your family’s financial future March 31, 2023 Rivalry and revenge are rife within the Roy family – the dysfunctional clan that returned to screens this week in the Sky series‘Succession’. Camilla Stowell, head of private and commercial clients at Coutts said: “The drama uncovers how emotional conversations about intergenerational wealth and succession planning can be. “However, in reality the process can be [...]
Embracing the crypto economy: Why Labour needs to take notice June 12, 2023 Simon Jennings, Executive Director of the UK Crypto Asset Business Council, is urging Labour to show it cares about the crypto economy.