Big Four client numbers fall but FTSE 100 stranglehold remains December 2, 2019 The number of clients audited by the Big Four accountancy firms has fallen but they retain an iron grip on the FTSE 100, figures published today show. Figures from Adviser Rankings for the quarter to 6 November showed the number of stock market clients audited by PwC (353), KPMG (312) and Deloitte (225) all fell [...]
Gordon Dadds boss says traditional law firms need to adapt to survive threat of Americans and the Big Four July 25, 2019 The boss of listed law firm Gordon Dadds today warned that traditional firms could be under threat if they do not respond to the challenge posed by incoming US law firms and the growth of the accountancy firms in the legal sector. “If you are not in a business which is fit for purpose moving [...]
Publishers look to new revenue sources amid squeeze on digital advertising November 20, 2019 Online publishers are shifting their focus to new sources of revenue as income from digital advertising continues to decline. Digital publishing revenue slipped 3.7 per cent to £113.1m in the second quarter, according to figures released by the Association for Online Publishing (AOP) and Deloitte. Read more: Digital ad group Ozone signs up Stylist as [...]
Bamford closes in on Boris bus maker Wrightbus October 9, 2019 Boris bus maker Wrightbus could secure a rescue deal as Jo Bamford, a member of the family behind JCB, has entered negotiations to buy the Northern Irish firm. Bamford has entered exclusive talks about a potential deal, a fortnight after the company – which built the Routemaster buses during Boris Johnson’s time as mayor – [...]
UK’s top 100 law firms report strong year despite final quarter slump July 1, 2019 The UK’s top 100 law firms grew fee income seven per cent in the year to 30 April, according to data published today. The strong performance is a slight dip on last year’s average fee income increase of 7.7 per cent, according to audit firm Deloitte’s quarterly legal sector survey. Jeremy Black, partner in Deloitte’s [...]
Shop Direct could fail unless £150m is found, auditor warns October 28, 2019 Shop Direct, the UK retail group owned by the Barclay brothers, could collapse unless it finds £150m to cover the costs of payment protection insurance (PPI) compensation, its auditor has warned. Read more: Media veteran David Montgomery weighing up Telegraph bid The Littlewoods.com and Very.co.uk owner last week revealed it had seen higher-than-expected demand for [...]
Hilco Capital circles embattled retailer Links of London September 4, 2019 Homebase-owner Hilco Capital is circling troubled jewellery retailer Links of London. The vulture fund is among a number of bidders for Links, which is trying to secure a rescue deal in the coming days, according to Sky News. Read more: Folli Follie hires advisers to weigh up Links sale A deal is likely to be [...]
Ferrexpo CEO Kostyantin Zhevago temporarily steps down October 28, 2019 The billionaire boss of Ferrexpo has temporarily stepped down as chief executive. The FTSE 250-listed miner said Kostyantin Zhevago would step aside to “focus on resolving certain matters in Ukraine relating to one of the businesses he owned until 2015”. Read more: Ukraine to put Ferrexpo boss on international wanted list Ukraine is considering adding [...]
Electric cars take record UK market share as battery-powered vehicle sales surge 228 per cent December 5, 2019 Britain’s drivers bought more electric vehicles last month than ever before, as demand for fully electric battery cars surged more than three-fold. In November, pure electric battery car sales rose 228 per cent compared to the same period last year, with 4,652 of the vehicles registered. Read more: Electric dreams: How long until electric cars [...]
UK retail sales jump 1.6 per cent in January after Tory election victory February 20, 2020 UK retail sales excluding fuel jumped the most in almost two years in January, official figures showed today. Retail sales rose excluding fuel 1.6 per cent compared to the month before as the new year got underway, the Office for National Statistics (ONS) said. And retail volumes rose 0.9 per cent to recover from falls [...]