FTX, LUNA, Celsius, et al – a post-mortem November 30, 2022 Dr Chris Kacher checks the health report of some deeply troubled crypto platforms as he lauds the inevitability of the metaverse.
EY staff to work two days a week from home post pandemic May 24, 2021 EY has today confirmed that the majority of its staff will work from home for two days a week for good, the latest big business to eschew a return to the traditional office life. The Big Four firm’s 17,500 staff will spend three days a week in the office or at client sites, with the [...]
Regulator gives green light on Big Four plans for audit separation February 23, 2021 The Financial Reporting Council (FRC) has given the go ahead for the Big Four firms to press on with the next stage of separating their audit divisions from the rest of the business. The Big Four – Deloitte, EY, KPMG and PwC – were asked by the regulator to submit their plans for operational separation [...]
No-deal Brexit could dent UK’s technology-driven growth, says KPMG June 24, 2019 If Britain leaves the European Union with a deal then new technologies will help UK trade more than triple to over £4 trillion by 2050, professional services firm KPMG said today. Read more: Mark Carney warns 150,000 firms not ready for no-deal Brexit Yet should the UK crash out with no deal, the total of [...]
PwC to ramp up partner pay packages to record highs after Covid profit rush July 17, 2021 The UK’s largest accountancy firm has done so well out of the pandemic that average partner pay at the firm has surged to a record £868,000. Demand for PricewaterhouseCoopers’ (PwC) consulting services has weathered Covid extremely well, and the firm is set to publish record-high revenues later in the year, according to reports in Sky [...]
London sees record rise in permanent jobs as the capital re-opens for business June 4, 2021 The number of permanent available jobs was at a record high in London last month, marking an improved confidence among businesses as coronavirus restrictions in the capital ease. Recruitment consultancies in London indicated a third successive rise in permanent placement during May, as firms stepped up hiring in response to an easing of lockdown measures, [...]
Deutshe Bank mulls ditching EY as auditor following Wirecard scandal May 28, 2021 Deutshe Bank is inviting firms to compete for its 2020 audit just two years after hiring EY to replace KPMG, in a move that could see EY ditched in favour of another company. The chair of Germany’s biggest lender Paul Achleitner told shareholders that the company wants “to keep all its options open” when it [...]
Moss Bros landlords approve retailer’s rescue plan December 15, 2020 Landlords have approved Moss Bros restructuring proposals as the menswear retailer aims to reduce costs due to the impact of the coronavirus pandemic. The high street store’s creditors gave the company voluntary arrangement proposals the green light today, after the plan was launched on 27 November. Moss Bros has not announced whether the proposals could [...]
Datasite executive Merlin Piscitelli on the UK’s fintech funding boom and the future of M&A August 13, 2021 British fintech investment across M&A deals, private equity (PE) and venture capital (VC) has boomed as the country emerges from the pandemic, soaring in the first six months of 2021 to four times the $5.9bn invested during the whole of 2020. Investment in UK fintech has reached an all-time high as firms in the industry [...]
Weekend Read: Job market tension threatens to derail Britain’s economic recovery July 17, 2021 The UK labour market is roaring back to life. After months of being shuttered due to Covid, businesses are finally welcoming customers back through their doors – and ramping up hiring to cope with soaring demand. Companies added 356,000 workers to payrolls over the last month. Total weekly hours worked has reached its highest level [...]