Channel 4 selects Leeds for new national headquarters October 31, 2018 British broadcaster Channel 4 has today confirmed Leeds as the location of its new national headquarters, as well as two creative hubs to be set up in Bristol and Glasgow. The move is expected to create 300 jobs inside the company and a further 3,000 production jobs as part of the new content it will [...]
Asset managers back Big Four audit firms in competition watchdog consultation November 15, 2018 Investment management firms have called on the competition watchdog to ensure the quality of audit is not affected as it probes the dominance of the so-called Big Four firms. In a response to the Competition and Markets Authority Standard Life said the division of the dominant audit firms – PwC, Deloitte, KPMG and EY – [...]
M Restaurants founder to lead Gaucho as new owners take control September 5, 2018 Administrators have confirmed the sale of Gaucho to a pair of banking groups, and the appointment of M Restaurants founder Martin Williams to lead the business. As City A.M. has previously revealed, Investec and SC Lowy bought out the company's debt last month with a view to a takeover. Today administrators at Deloitte said Gaucho had been sold [...]
Gourmet Burger Kitchen earmarks 17 restaurants for closure as it enters company voluntary agreement October 24, 2018 Famous Brands, the South Africa-based owner of Gourmet Burger Kitchen, has announced the restaurant chain will initiate a company voluntary arrangement (CVA) amid financial woes. The company said it has 17 restaurants earmarked for potential closure, affecting 250 jobs. The company would not comment on which locations may be closed. It will hold a meeting with creditors [...]
Consumers splash out on holidays and drinks as confidence warms up | City A.M. July 23, 2018 Consumers spent more on eating out and long holidays in the second quarter of this year, as confidence warmed up along with the weather. The shift from cold weather to a long hot summer boosted the amount of money spent on leisure activities by three per cent compared to last year, according to Deloitte’s latest [...]
And BDO makes five? Don’t count on it, says firm’s global chief December 11, 2018 The global boss of professional services firm BDO had said it has no ambitions to join the ranks of the Big Four, as it aims for dominance of the mid-market across its operations. The firm, Britain’s sixth-largest auditor, revealed its global fee income hit $8.99bn (£7.16bn) for the past year – a 10.7 per cent [...]
Poundland founder in talks to salvage Poundworld July 9, 2018 Poundland founder Steve Smith is in talks with Deloitte over a bid for rival Poundworld, as the chain's own founder confirms he is out of the running. Smith, who sold Poundland to Advent International in 2002, is in the early stages of talks with administrators Deloitte about a possible rescue deal. Poundworld founder Chris Edwards [...]
Sports Direct’s Mike Ashley tees off in bidding war for American Golf October 5, 2018 Sports Direct owner and retail tycoon Mike Ashley is set to expand his business empire further, as it suggested he has tabled a bid for Britain's largest golf retailer American Golf. Ashley is among a number of interested parties in the American Golf takeover, including JD Sports Fashion, sources told Sky News. Deloitte, who is advising [...]
Farewell to Poundworld: Struggling retailer to close every single store and disappear from the high street July 19, 2018 Embattled retailer Poundworld is set to close all of its remaining stores and vanish from the high street entirely as early as next month, according to the firm's administrator. Deloitte has said all of Poundworld's 190 remaining stores will likely close by 10 August, affecting 2,339 staff. The discount goods retailer, which went into administration [...]
BDO and Moore Stephens merger will create Britain’s fifth-largest accountancy firm November 25, 2018 BDO is preparing to merge with smaller accountancy rival Moore Stephens, in a move that will create a new fifth-largest auditor in the UK, bumping Grant Thornton off the spot. Partners at BDO, which currently holds the number six position, has approved a merger with Moore Stephens, currently the ninth-largest professional services firm in Britain, [...]