EY grad sacked down under for allegedly accessing PM’s bank account June 30, 2026 A junior employee at Big Four accounting giant EY Australia has been sacked over allegations he and another man accessed prime minister Anthony Albanese’s personal bank account. Both men faced court on Tuesday over the breach which, according to the Australian federal police, took place when the EY graduate was on secondment at the Commonwealth [...]
Wealth advisory firm set for £240m sale as bidders circle June 25, 2026 Wealth advisory firm Equiom is set for a potential £240m sale in what would be the latest in a wave of dealmaking across the sector, City AM can reveal. The Isle of Man headquartered firm, which counts family offices and high net worth individuals among its client base, is currently running a sale process and [...]
Halfords shares rev up as garage growth drives return to profit June 25, 2026 Halfords shares have boomed after it smashed analyst expectations to turn a £44m profit, in a sign that the motoring and cycling retailer’s turnaround is beginning to gain pace. The company notched a £43.6m pre-tax profit in the year to April, returning to the black after last year’s £30m loss, as revenue grew five per [...]
European Semiconductor Firms Seek Integrated Ecosystems June 24, 2026 Sovereignty goals, supply chain pressures and AI-driven operations are accelerating demand for end-to-end semiconductor partnerships, ISG Provider Lens® report says
London fund manager Redwheel taps bankers for £150m sale June 24, 2026 London-based fund manager Redwheel has called in bankers to run a potential sale process which could value the company at more than £150m, City AM can reveal. Redwheel, which manages around $22bn for clients across four equity and bond strategies, has recently begun working with London-based advisers at BNP Paribas to review its options after [...]
A decade after Brexit, what does the City want next? June 24, 2026 The 46th floor of the iconic One Canada Square building was once home to the European Banking Authority. Towering over a sea of skyscraper headquarters adorned with the biggest names in finance, the watchdog’s office was both a nod to its regulatory might, turbocharged by the fallout from the 2008 crash, as well as to [...]
KPMG report on AI found riddled with AI hallucinations June 12, 2026 A new probe into Big Four KPMG’s report on agentic AI found that the majority of its references were flawed, amid the latest news of AI-hallucinated reports published by professional services firms. The investigation, conducted by GPTZero, focused on KPMG’s October 2025 report, ‘Total Experience: Redefining Excellence in the Age of Agentic AI’, which summarises [...]
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 [...]
Lloyds taps $160bn fintech giant to boost small business tech June 9, 2026 Lloyds Bank has sealed a partnership with a $160bn (£119bn) fintech giant to ramp up its payments tech for small-business clients. The blue-chip banking giant has agreed a tie-up with Stripe that will see Lloyds leverage the fintech’s payment infrastructure to provide a suite of tools for its small-business customers. The new offering, named Lloyds Accept, [...]