What’s next for the UK’s crypto economy? September 18, 2022 Simon Jennings analyses the opportunity for the UK to be at the forefront of change and become the global centre of the crypto economy.
Deloitte sued for £20m over collapse of storage firm August 11, 2019 A Yorkshire-based businessman is suing big four accountant Deloitte and international law firm Clyde & Co over allegations that Barclays bank exerted “informal control” over the financial giants during the winding down of his firm. Jason Schofield, a businessman who ran Leeds’ based storage firm Rhino Enterprises, is suing two joint administrators at Deloitte and [...]
End of an era: Liquidators appointed to wind up Philip Green’s Arcadia empire July 13, 2021 The administrators of Philip Green’s collapsed Arcadia have appointed liquidators to wind up the companies, marking the end of an era for the tycoon’s once-booming retail empire. Arcadia operated a number of high street brands across the UK and globally, including Topshop, Burton and Dorothy Perkins, and employed over 13,000 people at its peak. The [...]
Premier League set for its lowest January transfer window spend since 2012, barring unexpected deadline day splurge February 1, 2021 The Premier League is heading for its lowest January spend since 2012, barring an unexpected transfer deadline day flurry of activity. Heading into the final hours of the transfer window, English top-flight clubs had forked out around £78m. Unless they spend more than £40m before tonight’s 11pm deadline, it will represent their lowest outlay for [...]
British start up wins contract to develop EU blockchain capabilities August 24, 2021 A British startup has been chosen by the European Commission to help design and develop European blockchain capabilities. iov42, which builds blockchain-based identification tools, beat corporate giants including EY, Vodafone and Deloitte to become one of seven companies to secure an EU contract. The seven awards were collectively worth €6.2m (£5.31m). According to the European [...]
Big Four refuse to back government plan to break dominance of audit market August 16, 2021 The UK’s Big Four accountancy firms have refused to back a government scheme that would see them share audit work with smaller firms. Last month, Deloitte, EY and PwC said they did not support the government’s proposal for “managed shared audits” of large listed companies. The Financial Times has reported that the other Big Four [...]
Big Four refuse to back government plan to break their dominance of audit market : CityAM August 16, 2021 The UK’s Big Four accountancy firms have refused to back a government scheme that would see them share audit work with smaller firms. Last month, Deloitte, EY and PwC said they did not support the government’s proposal for “managed shared audits” of large listed companies. The Financial Times has reported that the other Big Four [...]
KPMG enters exclusive talks with private equity firm HIG on sale of restructuring arm February 24, 2021 Big Four firm KPMG has entered into exclusive talks with private equity firm HIG Europe about the sale of its UK restructuring business The deal, first reported by Sky News, could be worth some £400m. KPMG declined to comment on the rumours, and HIG could not be reached for comment. Sky also reported HIG has [...]
City Moves: Who’s switching jobs in the Square Mile today? October 13, 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. Riverstone Property developer Rivertsone has hired a new Chief Experience Officer who will help ensure a smooth experience for its over 65s residents in Kensington and Fulham. Greg Mace joins as the firm readies itself for new developments, [...]
Debenhams lines up Deloitte as retailer takes on legal challenge to restructuring plan September 1, 2019 Debenhams has lined up advisers from professional services giant Deloitte as it prepares to fight a legal challenge to its restructuring plan. Deloitte is on standby in case Debenhams loses the case and fails to secure an appeal, an event that could tip the embattled department store into administration. Read more: Debenhams appoints restructuring expect [...]