City Moves for 9 February: Who is switching jobs in the Square Mile this week? February 10, 2021 City Moves provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. This week hosts movements over at Big Four auditor Deloitte, JP Morgan, HMRC and PE firm Dean Street. Meanwhile, green London housing looks to be a focus for 2021 with Public Sector Plc’s new [...]
Square Mile’s largest employers embrace hybrid working, the details May 8, 2021 The majority of the largest employers in the City of London have vowed to continue with some sort of hybrid approach to working, after pandemic-led restrictions forced the biggest home working experiment in history. With Covid-19 cases falling and millions of people successfully vaccinated, staff are trickling back into London’s offices, and companies are turning [...]
Car sales sink 40 per cent as 2021 gets off to worst start since 1970 February 4, 2021 Just 90,000 new cars were sold in January, the worst start to a year since 1970 for the UK auto industry. According to new figures from the Society for Motor Manufacturers and Traders (SMMT), registrations dropped 39.5 per cent last month, with 90,249 cars sold in total. That’s nearly 60,000 fewer registrations than in January [...]
Deloitte boosts UK partner promotions by more than 40 per cent June 3, 2019 Deloitte has promoted 78 to its partnership in the UK, an increase of more than 40 per cent on the previous year. Of the new UK partners, 32 (41 per cent) are women, up from 11 in 2018, taking the firm’s female partners to 223, 21 per cent of the partnership. Fifty four of the [...]
Sir Philip Green’s office furniture up for sale as administrators flog Arcadia assets after collapse March 22, 2021 Administrators have begun flogging Arcadia’s assets, including sewing machines and Sir Philip Green’s office furniture, following the collapse of his retail empire. Deloitte has appointed Hilco Global to sell the former Topshop owner’s London headquarters in a dramatic fall from high street royalty to the auction house. Arcadia collapsed into administration last year, putting 13,000 [...]
Challengers turn their backs on ‘shared audits’ of the largest companies May 27, 2021 So-called ‘challenger’ audit firms BDO and Grant Thornton are reportedly considering not pitching for shared audits of FTSE 100 companies, in a move that could jeopardise the government’s plans to water down Big Four dominance. The two challengers are instead considering focusing on increasing the number of FTSE 250 companies they audit on a solo [...]
Has lockdown triggered a City brain-drain? May 20, 2021 The explosion in home-working due to lockdown is shifting the focus away from a London-centric view of careers, with regional firms benefiting from a growing desire to shun the commute. Lockdown is prompting a shift away from City jobs to opportunities at smaller, regional practices with talent-hungry boutique firms stretching to match Square Mile-level salary [...]
Watchdog slams KPMG for ‘unacceptable’ bank audits for third year running July 26, 2021 KPMG has been called out for failing to meet standards in its bank audits for the third year in a row, by the Financial Reporting Council (FRC) in a review published on Friday, that found that a third of large company audits by the biggest UK firms failed to meet standards. The industry watchdog called [...]
HIG joins private equity pack circling KPMG’s restructuring arm February 8, 2021 HIG Europe has joined a pack of private equity bidders vying to buy the UK restructuring arm of KPMG. HIG is one of four parties shortlisted to acquire the business, which was put up for sale last year, Sky News first reported. It is understood Intermediate Capital Group is another private equity business interested in [...]
FTSE 250 miner Ferrexpo appoints new auditor after Deloitte quit over charity probe July 3, 2019 Ferrexpo has appointed a new auditor to check its books months after Deloitte quit over alleged wrongdoing. MHA MacIntyre Hudson, which is part of Baker Tilly International, will not review the company’s half-year results, due on 2 August. Read more: Shares in FTSE 250 miner Ferrexpo plunge after it delays its financial results amid Ukrainian [...]