Consulting giants face up to AI-reckoning Consulting Shares in major consultancy firms have dropped sharply as investors fret over the impact of AI on the industry. Maria Ward-Brennan and Rosie Harris-Davison look at whether the threat is real. A bloodbath is unfolding across the professional services sector as artificial intelligence (AI) hammers the shares of global consulting giants like Accenture, IBM and [...]
Business services staff face redundancies at City law firm Legal City-based law firm Clyde & Co has launched a restructuring consultation for its business service staff as part of its ongoing strategy to centralise support operations into regional hubs. The firm is proposing to move certain services currently performed by teams within legal support, purchase-to-pay, and IT to its service centres in Glasgow and its [...]
Is Mercedes-Benz’s $500m WTA Tour partnership value for money? Sport Business With the deal between Mercedes-Benz and the WTA Tour well underway, Matt Hardy heads to Madrid to see if its value for money. The supermarket meal deal, the cost of an upgrade to business class, the Category A versus Category B match ticket; value for money is one of capitalism’s greatest dilemmas. It is a [...]
Accenture bets on British AI talent with Faculty buy January 6, 2026 Professional services firm Accenture has announced the acquisition of London-based AI specialist Faculty, in a deal that cements the City’s role as a global talent hub. The Dublin-based US firm said the acquisition will bring more than 400 AI specialists into Accenture’s workforce, deepening its capabilities in applied AI, decision intelligence and AI safety. The [...]
Meta-backed fellowship puts open source in the firing line July 11, 2025 The UK government has launched a $1 million open source AI fellowship funded by Meta through the Alan Turing Institute, inviting the nation’s top AI engineers to spend 12 months building public-sector AI tools. The scheme focuses on open-source AI models like Meta’s Llama 4 to create applications for everything from speeding up planning approvals [...]
London Tech Week: Accenture warns of AI divide as Starmer launches tech skills plan June 9, 2025 Sir Keir Starmer may sound like he is making the right noises for the tech sector with his flagship pledge at London Tech Week to train one million students in AI – but new data highlights a stark regional divide has already taken shape. London is rapidly pulling away from the rest of the country [...]
Verizon and Accenture partner to help businesses tackle cyber threats March 4, 2025 Verizon business has announced a strategic partnership with global professional services firm Accenture to address escalating cyber security risks. Together, they aim to strengthen cyber resilience across industries, with a particular focus on mid market and large businesses across the UK. As cyber attacks become more sophisticated and frequent, the collaboration will launch cyber risk [...]
Former Accenture exec Peter Lacy settles claim with consultancy giant October 28, 2024 Accenture’s former head of sustainability Peter Lacy has settled his employment case with the consultancy giant, City AM can reveal
Keir Starmer visits Ireland in bid to reset UK’s relationship with Dublin September 7, 2024 Sir Keir Starmer is to visit Ireland as he seeks to reset the UK’s relationship with its nearest neighbour. The Prime Minister will travel to Dublin on Saturday to meet with the Taoiseach, Simon Harris, in his first official visit to Ireland. Commerce across the Irish Sea, a trade relationship worth 100 billion euros a [...]
Public sector spending on consultants hits record high despite efforts to cut August 23, 2024 Public sector spending on management consultants has ballooned to a near-record high this year despite efforts to cut reliance on the expensive sector. Fees to consultants from central government, local authorities and other departments swelled to an estimated £3.4bn in the last fiscal year between 2023 and 2024, a rise of 12 per cent on [...]