PwC revenue tops $60bn despite sluggish figures in Europe and Middle East Big Four Big Four giant PwC’s global revenue topped $60bn (£45bn) for the year, with growth across all regions and service lines, despite sluggish results in the Middle East and Europe due to geopolitical fallout. On Monday, the consulting and accounting giant reported a 3.5 per cent increase in global revenue for the year to June 30, [...]
Accenture eyes sale of Chinese operations for up to $1.5bn Prof Services Consultancy giant Accenture is eyeing a potential sale of its Chinese business operations for up to $1.5bn. The world’s largest publicly traded IT consultancy has hired JPMorgan to work on a strategic review of its Chinese business after receiving unsolicited interest in it over the past year, the Financial Times reported. Accenture’s Greater China unit [...]
EY global revenue hits $57bn as AI demand fuels Big Four giant’s growth Big Four Big Four giant EY’s global revenue has hit $57bn (£43bn), up nearly 5 per cent on the previous financial year. EY-Parthenon’s strategy arm led the firm’s overall growth across all services lines, with a 7 per cent increase. Tax grew by 6 per cent, consulting by over 4 per cent, and assurance by 3 per [...]
UK firms axe PR and consulting spend as AI tools muscle in October 6, 2026 British businesses are shelving spending on public relations and consultancy firms as they embrace the capabilities of PR tools, according to City AM’s latest Business Spend Pulse. The share of UK firms who spent money on management consultants and PR services fell sharply in September to just 4.2 per cent, despite an overall 3.1 per [...]
Accenture shares surge as consulting giant shrugs off worst of AI fears October 1, 2026 Shares in consulting giant Accenture surged on Thursday after the firm topped its own revenue targets and shrugged off the worst fears of an AI-induced slowdown. The New-York listed consultant said fourth-quarter revenues rose by six per cent to $18.7bn [£14.1bn], outpacing its own target of between $17.7bn [£13.4bn] to $18.4bn [£13.9bn]. Wall Street analysts had [...]
PwC’s UK business grows but Iran conflict hits wider group September 16, 2026 Big Four giant PwC reported steady financial growth in its UK business, with revenue and profit per partner both increasing slightly from the previous year, despite group revenue slipping due to the Middle East conflict. For the year ended 30 June 2026, PwC’s UK business’s revenue grew to £4.365bn, up two per cent on the previous year. While [...]
UK firms slash consulting spend amid rising AI adoption September 8, 2026 British businesses are paring back their spending on consulting firms as they turn to AI for problem-solving, according to City AM’s new Business Spend Pulse. Median spending on consulting fees fell by 1.9 per cent in August compared to last year, the tracker found, despite an overall 2.2 per cent increase in corporate spending. That [...]
Top FTSE headhunter rescued by rival after plunging into administration August 25, 2026 A City-based boutique headhunter which won executive-level talent for a host of FTSE 250 firms and collapsed after pumping investment into an AI platform has been purchased by one of its competitors, City AM can reveal. 6 Group, a global executive recruitment consultancy, purchased Savannah Group and its AI platform, MapX, in July after founder [...]
Budget supermarket Iceland’s sneaky jab at Big Four management consultants August 20, 2026 Supermarket chain Iceland has shared a subtle dig at management consultants on its website. There is a tongue and cheek reference to a £16m spend on external consultancy firms which include Big Four giant PwC, during a turbulent era for the business in the early 2000s. The retailer, known for selling frozen food, published a [...]
BTG Consulting cites poaching from ‘major competitors’ for boosted revenues July 7, 2026 London-listed professional services giant BTG Consulting’s revenue has spiked by 10 per cent for the financial year, partly driven by a push to poach senior talent from top competitors in the City. The consulting firm, previously known as Begbies Traynor before undergoing an official rebrand in February this year, said its revenue for the financial [...]