Meta accused of breaching workers rights over union rep cleaner’s dismissal September 1, 2022 Meta has been accused by Amnesty International of breaching workers’ rights over claims a Bolivian cleaner working at its London offices was fired for being a union rep. The Facebook owner is set to face a protest outside its Brock Street offices on Friday ahead of the start of an unfair dismissal tribunal on Wednesday [...]
EY’s talks on potential split to continue into Autumn September 1, 2022 EY’s talks on whether to separate its audit segment from its consulting arm are set to continue into this Autumn – despite initial suggestions the Big Four firm could reach a decision by the end of summer. The accounting firm’s internal negotiations over plans to split out its advisory business, in an effort to free [...]
Liz Truss or Rishi Sunak to face Whitehall strike on first day as prime minister September 1, 2022 The next prime minister will be forced to face strike action in Whitehall on their first day in office, the public sector workers’ union has warned. Either Liz Truss or Rishi Sunak will face industrial action on the part of Whitehall workers, after members of the Public and Commercial Services (PCS) union voted strike. The [...]
KPMG shakes up UK executive committee in line with £300m growth strategy September 1, 2022 KPMG today set out plans to shake up its UK executive committee in line with efforts to bolster high-growth areas of its business by investing £300m over the next three years. The executive reshuffle will see KPMG’s chief financial officer Chris Hearld take the reins from current chief operating officer Tim Jones from 1 October. [...]
Accounting sector veteran Pauline Wallace named UKEB’s first permanent chair August 31, 2022 Accountancy sector veteran Pauline Wallace has been named as the first permanent chair of the UK Endorsement Board (UKEB). The former PwC partner will start her three-year term as head of the body set up to ensure the UK complies with international accounting standards on 11 September 2022. Following Brexit, the UKEB was set up [...]
Employment lawyer admits making unwanted sexual advances towards junior colleague August 31, 2022 A senior employment lawyer has agreed to stop practicing as a solicitor, after he admitted making unwanted sexual advances towards a junior colleague. Ronald Stephen Simms, a former partner at UK national law firm Capsticks, agreed to remove himself from the roll of solicitors, after admitting to placing his hand on a junior colleague’s thigh [...]
City law firms have youngest partners, new research shows August 31, 2022 The City’s high-paying corporate law firms have more young partners than those working in any other sector of the legal business, new research from legal sector accountancy firm Hazelwoods shows. Almost two fifths (38 per cent) of partners at City of London firms are now under the age of 44, as young lawyers are [...]
Travers Smith’s partners see payouts drop 10 per cent to £1.1m August 30, 2022 Partners at Silver Circle law firm Travers Smith have seen the value of their annual payouts drop by 10 per cent, according to the City law firm’s annual results. Travers Smith’s partners are set to receive payouts worth £1.105m for the financial year ending on 30 June 2022, compared to sums of £1.22m in the [...]
Fraud prosecutions slowed by record Crown Court wait times August 30, 2022 THE UK’s Crown Court backlog is stalling efforts to tackle the UK’s worsening fraud epidemic, according to new research from KPMG. The value of frauds worth more than £100,000 reaching the UK’s Crown Courts increased 288 per cent, from £137.4m in the first half of 2021 to £532.6m in H1 2022, as a series [...]
Generali snaps up Axa’s Malaysian operations in deal worth £130m August 30, 2022 Generali has acquired Axa’s Malaysian operations in line with plans to strengthen its position in the “high potential” Asian economy. The acquisition will see Generali buy Axa’s stakes in its two Malaysian joint venture operations – Axa Affin General Insurance and Axa Affin Life Insurance – for a combined sum of €150m (£131m). Alongside the [...]