EY hands UK tax staff lower bonuses and pay rises amid slowdown September 1, 2024 EY has reportedly cut bonuses and pay rises for thousands of its UK staff while also letting a number of partners go as the Big Four firm grapples with weaker demand for its services.
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 [...]
PwC China to be hit with ban over audit of collapsed property developer Evergrande August 22, 2024 PwC's Chinese entity is expected to be hit with a six-month business ban over its audit of collapsed Chinese real estate property developer Evergrande
Profit warnings falling amid improving economy but scars remain July 18, 2024 "We can expect the economy to continue to recover, but slowly and unevenly," Jo Robinson, a partner at EY said.
Signs of life appear for the London Stock Exchange as activity ‘gathering momentum’ July 3, 2024 Having been in the doldrums for several years, sentiment on the London markets is starting to look up.
UK economy ‘turning a corner’ as global growth slows, says KPMG July 1, 2024 Falling inflation and and an uptick in consumer confidence will help the UK economy to a better than expected growth over the next two years as global growth is set to slow, according to a report published today.
KPMG to cut 200 UK jobs as firm battles market slowdown June 21, 2024 Big Four firm KPMG is reportedly set to slash more roles in the UK as it battles with a market slowdown.
EY UK boss Hywel Ball kickstarts leadership race after stepping down June 12, 2024 Hywel Ball, head of Ernst & Young's (EY) UK business, has told partners at the firm that he will step down as chair, kickstarting a race for one of the most prestigious jobs in British professional services.
BT taps Blackstone boss to lead communications team May 2, 2024 British telecoms firm BT has tapped top Blackstone executive Stephen Lewis to join its executive management team and lead all communications.
KPMG snaps back job offers after tougher UK visa requirements come into force April 24, 2024 One of the Big Four firms has been revoking job offers from foreign graduates after the UK Government's new tougher visa requirements came into force.