Thin end of the wedge? LLPs brace for major tax overhaul Tax The maths genius behind trading firm XTX, Alex Gerko, stands high in the rankings of Britain’s top taxpayers, having paid more than £330m to HMRC last year. For good measure, he also handed out more than £150m to charities and good causes in 2025, focusing on education and supporting talented math graduates to pursue PhDs [...]
LivaNova to Announce Second-Quarter 2026 Results Business Wire LivaNova PLC (Nasdaq: LIVN), a market-leading medical technology company, will host a conference call to discuss its second-quarter 2026 results on Wed., Aug. 5, 2026, at 1 p.m. London time (8 a.m. Eastern Daylight Time). The Company will release its second-quarter 2026 results prior to the call. The audiocast will be accessible at www.livanova.com/events. Listeners [...]
KPMG chair and senior partners to quit firm over audit scandal fallout Big Four KPMG Australia’s chair will leave the Big Four firm in the fallout of a scandal over misusing confidential client data to win audit contracts, along with two senior partners. Martin Sheppard, who has held his position as chairman since 2023, will “shortly” resign from his position at KPMG to be replaced with an independent chair, [...]
Coca-Cola brings in restructuring lineup over failed Costa sale June 22, 2026 US beverage giant Coca-Cola has called in a team of restructuring experts to advise on the failed sale of high street drinks retailer Costa Coffee last year. Consultancy firms Alvarez & Marsal and Alix Partners, which both have prominent City presences, are reportedly advising the coffee chain after an attempt to sell it off was [...]
More Big Four blues as Deloitte plans to slash UK audit roles June 16, 2026 Big Four giant Deloitte is seeking to cut nearly 200 jobs across its audit business in the UK, the latest in a series of cuts at the accountancy giants. The firm is offering voluntary redundancy packages to a number of employees in response to low levels of staff attrition in its audit practice. A Deloitte [...]
KPMG’s Summer Friday half-day rollback signals deeper woes for Big Four giants June 11, 2026 Big Four giant KPMG’s removal of its Friday early finish for employees is affecting branding and souring the mood among staff, who may see this as a signal to reconsider a career at the firm. Time spent working at a Big Four giant was once a prized bauble to list on a CV. But with [...]
IBM’s consulting chief warns AI will ‘implode’ unprepared rivals June 10, 2026 IBM Consulting, under Mohamad Ali, claims to have surged ahead in AI by pioneering a human-plus-digital workforce and transforming its own operations before selling innovative solutions to clients, leaving less-prepared consulting rivals scrambling to keep up, writes Maria Ward-Brennan. IBM’s consulting chief, Mohamad Ali, warns that AI will “implode” unprepared rivals, claiming the group has [...]
Private equity-backed Ryan breaks with billable hour tradition as AI reshapes sector June 9, 2026 Private equity-backed tax specialist Ryan says its value-based pricing is built for the age of AI, unlike competitors that depend on traditional hourly billing. Most of the professional services sector operates under the billable-hour system, in which the specific amount of time spent working on client tasks can be invoiced. But the rise in AI [...]
Kroll chief Jacob Silverman: AI won’t kill ‘mission critical’ advisory work June 9, 2026 Jacob Silverman arrives at Kroll’s vast City office for our interview fresh off a delayed flight from Atlanta, but you’d never know unless the bright-eyed New Yorker hadn’t mentioned it. Between sips of diet coke, the firm’s global chief executive offers City AM an upbeat assessment of AI’s influence on the consultancy sector that seems [...]
Professional services firms’ future hinges on private equity, Kroll chief says June 4, 2026 Private equity has been rewiring the professional services industry over the last few years, and with the sector undergoing enormous disruption from AI, stagnant growth, and a highly competitive market, PE investment is increasingly becoming a lifeline for firms to stay afloat. According to Jacob Silverman, chief executive of advisory and consultancy firm Kroll, private [...]