Advisory firm Teneo moves in on Deloitte’s restructuring arm February 13, 2021 Deloitte is said to be preparing a sale of its restructuring arm to PR and advisory giant Teneo, marking a further shake-up of Britain’s Big Four audit firms. Teneo, which is backed by private equity group CVC Capital Partners, is in advanced talks to snap up the Deloitte unit that specialises in business insolvencies, Sky [...]
Deloitte diversity chief ‘facing internal investigation over bullying claims’ March 5, 2021 Deloitte’s deputy chief executive and diversity champion Dimple Agarwal is facing an internal probe over allegations of bullying. Agarwal, head of “people and purpose” at the Big Four auditor, is facing complaints from staff over inappropriate working practices such as communicating aggressively and making employees attend extremely early meetings, the Telegraph first reported. Having joined [...]
China orders Deloitte to investigate PowerPoint whistleblower claims February 11, 2021 China’s Ministry of Finance has asked Deloitte to conduct an internal investigation after an employee circulated a 55-page PowerPoint presentation that alleged accounting violations at the Big Four firm. The anonymous employee sent the presentation to every Deloitte employee’s email, citing incidences involving listed companies around the world and China’s own RYB Education. The presentation [...]
Consumer confidence hit highest level in three years July 19, 2024 Consumer confidence has risen to its highest level in three years in a tentative sign that the economy is leaving the cost-of-living crisis behind, new data from Deloitte shows. In its latest quarterly Consumer Tracker survey, Deloitte found that sentiment grew by 6.8 per cent year on year, boosted by a significant improvement in sentiment [...]
CFOs are more confident – but the UK’s low productivity is a growing concern January 8, 2024 Finance chiefs at Britain's largest firms have shown increased confidence in the economy as their concern shifts away from inflation and high interest rates to geopolitical risks and the UK's low productivity.
Serco, Deloitte and Amazon bosses coached on how to apply for New Years Honours March 11, 2021 Contractors, consulting giants and big businesses who profited from the coronavirus pandemic are being offered tailored advice on how to apply for New Years Honours. Serco and Amazon are among a number of industry giants being asked to nominate staff members for official honours from the Queen such as MBEs. The revelations emerged after invitations [...]
Consumer confidence hits highest level in two years as UK ‘turns a corner’ April 19, 2024 "The revival in consumer confidence speaks to a wider story of an economy that has turned the corner," Ian Stewart said.
Rolls-Royce picks former Deloitte partner Kakoullis as finance chief February 15, 2021 Engineering giant Rolls-Royce has named Panos Kakoullis as its new chief financial officer, as the FTSE 100 group steers through a pandemic-driven restructuring. Kakoullis, who spent 30 years at accountancy firm Deloitte, will join the company in May. Restructuring Rolls-Royce said in January that its restructuring efforts were continuing apace, with 7,000 roles removed last [...]
Exclusive: Deloitte diversity chief dumped from role after bullying accusations March 5, 2021 Exclusive: Deloitte diversity chief dumped from role after bullying accusations
Deloitte to pay Malaysia $80m for role in 1MDB corruption scandal March 3, 2021 Audit giant Deloitte is set to pay $80m to the Malaysian government to settle claims of corruption tied to the auditing of scandal-linked state accounts, the finance ministry has said today. Deloitte’s fee will conclude its role in the corruption saga that involved former Malaysian prime minister Najib Razak who allegedly used the state fund [...]