Government slammed for relying ‘too much’ on management consultants in Brexit preparations December 1, 2020 The government relies “too much” on management consultants for work on Brexit preparations “that could be better done by civil servants”, the select committee on government spending has warned. In a wide-ranging report published today, the Public Accounts Committee slammed the government’s negligence of civil servants in preparing for Brexit, amid warnings that ministers are [...]
JD Sports lines up administrators for Go Outdoors June 22, 2020 JD Sports has today confirmed to investors that it is weighing up administration for Go Outdoors, after speculation that an official appointment could come within days. JD Sports said this morning that it has “considered a number of strategic options for Go and that Go’s directors have lodged the notice [to appoint administrators] in court”. [...]
South Western Railway’s future at risk as losses hit £137m January 7, 2020 South Western Railway is on the brink of collapse, its auditor has warned after it swung to a massive £137m loss in its latest financial year. Deloitte warned there is “significant doubt” over the future of the strike-hit firm, which could be nationalised by the Department of Transport (DfT) in order to keep its rail [...]
‘We aren’t what people expect’ – Linklaters on the firm’s virtual internship and social mobility November 23, 2020 Last year Linklaters launched a virtual internship - the first of its kind among the legal profession. The magic circle firm believes launching such a programme has facilitated greater social mobility, by opening up the business to those who may not see themselves as a natural fit.
Deloitte boosts partner profits as revenue hits £3.58bn August 28, 2018 Audit giant Deloitte handed its partners an average of £832,000 for the year ended 31 May, a 0.6 per cent year-on-year increase, it said today. Deloitte grew revenue 5.9 per cent to £3.58bn, marking its eighth consecutive year of growth. Read more: Former Arsenal shareholder settles lawsuit with Deloitte and Linklaters Its audit and risk advisory business grew [...]
Revolut finance chief steps down after five months March 16, 2020 David MacLean is stepping down as chief financial officer of Revolut after just five months in the role. City A.M. understands that MacLean is leaving the company, which recently tied with Klarna as Europe’s most valuable fintech startup, for personal reasons. Revolut has appointed an interim chief financial officer, but has not yet appointed MacLean’s [...]
Increasing capital: London economy pulls away from rest of UK in December January 13, 2020 London’s economic performance was “head and shoulders” above the rest of the country in December, survey data has shown, while the capital’s businesses were cheered by the emergence of some political certainty. London was the only British region where output grew in December, with firms hiring at the fastest rate since July, the data from [...]
Links of London collapses putting hundreds of jobs at risk October 9, 2019 Links of London has collapsed into administration in a further blow to the struggling UK high street, putting hundreds of jobs at risk. The retailer appointed Deloitte as administrators after it ran out of cash before it was able to secure a sale or restructuring plan. Read more: Mike Ashley makes move for Links of [...]
Food delivery apps serve up extra £400m in restaurant revenue December 2, 2019 Food delivery apps such as Deliveroo, Just Eat and Uber Eats are serving up an extra £400m in revenue for European restaurants, according to a new report. Third-party platforms, that customers can use to order food from a variety of restaurants, have also increased profit across the Europe’s restaurant sector, with venues in London seeing [...]
Mind the gap? Financing scale-ups takes sharper focus August 19, 2020 ‘There is a risk… of a lost generation of innovative businesses unable to access the right capital to scale and go global’: so warns an analysis published this month entitled The Future of Growth Capital. The report – co-produced by Innovate Finance, the ScaleUp Institute and Deloitte, in collaboration with industry, investors and the recently [...]