Sadiq Khan to address ‘cost of doing business’ crisis at summit with Uber and Natwest June 20, 2023 Sadiq Khan is set to address the “cost of doing business crisis” at a crunch summit with firms including Uber, Natwest and KPMG. The mayor of London will welcome more than 200 CEOs to his annual City Hall business reception at the Crystal in east London today. He is expected to tell firms the “cost-of-doing-business [...]
From Big Five to Big One: Premier League pulling away from European rivals – Deloitte June 15, 2023 European football’s Big Five leagues are steadily being replaced by a Big One as the Premier League pulls away from its rivals, according to research published today. The total revenue of Premier League clubs reached £5.5bn in 2021-22, around twice as much as its nearest challenger, Spain’s LaLiga, Deloitte’s Annual Review of Football Finance reports. [...]
FTSE finance chiefs ditch UK recession bets as confidence rebounds sharply April 17, 2023 Money managers at Britain’s biggest companies have signalled a sharp increase in confidence in the UK economy, a closely watched survey out today shows, in a further sign the country is on course to dodge a recession. Chief financial officers of top UK corporates notched a net positive 25 per cent confidence rating in Deloitte’s [...]
After fining Deloitte £25m, China vows to discipline the Big Four March 27, 2023 China has vowed to toughen its stance towards the Big Four accounting firms after hitting Deloitte with a £25m fine for auditing failures. After meeting with Deloitte’s global chair Sharon Thorne, China’s Ministry of Finance (MoF) outlined plans yesterday to “strengthen” its supervision of the country’s audit sector by “strictly” enforcing “financial discipline.” China’s vice [...]
Deloitte fined £25m by China over audit of state-owned asset manager March 18, 2023 China has fined auditing firm Deloitte 211.9m yuan (£25.3m) for failing to perform its duty in assessing the asset quality of China Huarong Asset Management Co Ltd, the finance ministry said on its website on Friday. Deloitte’s Beijing operations also will be suspended for three months, the ministry said in a statement. China Huarong and its [...]
UK government’s letter to Visa, Deloitte and Allianz prompts rebuke from Olympic chiefs March 14, 2023 Olympic chiefs have issued a rebuke to the UK government over its lobbying of sponsors including Visa, Deloitte and Allianz for Russia to remain banned from sport. The UK has been among the most vocal and active opponents of the International Olympic Committee’s plan to lift the suspension of Russia and its ally Belarus. Culture [...]
China tells state-owned companies to cut ties with the Big Four February 22, 2023 China has told its state-owned companies to stop working with the Big Four auditors – EY, KPMG, PwC, and Deloitte – and asked them to use local accounting firms instead. China’s Ministry of Finance (MoF) has called on the country’s state-controlled firms to let their audit contracts with the Big Four expire, Bloomberg reported today. [...]
Big Four: EY, Deloitte, KPMG, and PwC step on law firms’ toes increasing legal revenue to £1.25bn February 15, 2023 The Big Four accounting firms – EY, Deloitte, KPMG, and PwC – are capturing an ever-larger share of the global market for legal services. The accounting giants are rapidly expanding their legal businesses, in boosting their own sales and taking work away from traditional firms, the research from Said Business School shows. The world’s four [...]
Big Four look to hire London’s laid-off bankers to bolster their M&A teams February 6, 2023 The Big Four accounting firms – Deloitte, EY, KPMG and PwC – are seeking to hire laid-off bankers to bolster the ranks of their M&A advisory arms in the City. Top execs told City A.M. the world’s biggest professional services firms are seeking to capitalise on the downturn in big M&A deals by poaching talent [...]
Deloitte snaps up London tech consultancy Reformis January 16, 2023 Deloitte has completed its acquisition of London tech consultancy Reformis as it pushes forwards with efforts to bolster its advisory business. The acquisition, for an undisclosed sum, will see Reformis’ 83 staff join the Big Four accounting firm as it seeks to capitalise on booming demand for tech focused advice. Founded in 2003, the consulting [...]