Deloitte fined for pension scheme audit failures November 6, 2020 Big Four firm Deloitte has been fined £362,500 for failures relating to the audit of a former client’s defined benefit (DB) pension scheme and the carrying value of the company’s intangible assets. The Financial Reporting Council (FRC) described the former client as one of the largest local and regional multimedia organisations in the UK responsible [...]
Deloitte Legal acquires London tech and digital media law firm November 3, 2020 Deloitte Legal will acquire technology and digital media law firm Kemp Little, adding 29 partners and up to 57 lawyers in the process.
Management consultancies cash in £180m for Brexit planning October 28, 2020 Management consultancies have been awarded more than £180m to deliver Brexit, as the government faces mounting criticism for handing out taxpayer cash to private firms during the pandemic. Documents released yesterday showed the government has signed six Brexit contracts each worth £30m with KPMG, McKinsey, Bain, Deloitte, Accenture and PwC. Ministers said the £180m sum [...]
European direct lending investment on course for record year October 14, 2019 Investment by European direct – or non-bank – lenders is predicted to soar to record levels by the end of the year thanks to an increase in average loan sizes, but the number of deals struck is falling, new research has found. Direct lenders in Europe deployed €22.6bn (£20bn) in the first half of 2019, [...]
Deloitte boosts UK partner promotions by more than 40 per cent June 3, 2019 Deloitte has promoted 78 to its partnership in the UK, an increase of more than 40 per cent on the previous year. Of the new UK partners, 32 (41 per cent) are women, up from 11 in 2018, taking the firm’s female partners to 223, 21 per cent of the partnership. Fifty four of the [...]
Arcadia to shut two dozen stores and withdraw from the US in radical rescue plan May 22, 2019 Sir Philip Green’s retail empire Arcadia will shut almost two dozen stores and slash up to 500 jobs as part of a restructuring plan revealed today. The high street stalwart said it has launched seven company voluntary arrangements (CVA) as part of a desperate plan to turn around its ailing fortunes amid torrid trading conditions. [...]
London’s status as headquarter hub threatened by immigration rules, report warns May 22, 2019 London’s status as a leading global destination for multinational headquarters could be under threat from new immigration laws and Brexit chaos, a new report has warned. Research carried out by think tank Centre for London showed the capital is the top-ranked destination globally for foreign direct investment into headquarters, attracting 591 projects between 2003 and [...]
Goldman Sachs taps Mazars for European audit in blow for Big Four May 20, 2019 Goldman Sachs has appointed Mazars to audit its London-based European operations, making it the first large bank in the UK to shun the Big Four. Read more: Big Four could force judicial review into proposed audit reforms The US investment bank has selected the Paris-headquartered auditor, which is the eighth-largest in the UK by fee [...]
Employers refuse fathers who want to spend more time with their kids May 20, 2019 Businesses need to give new fathers more flexibility to look after their kids as nearly half of those who have asked for their working hours the be changed are refused by their employers, experts have said. Nearly 40 per cent of dads have asked for their hours to be changed to better fit around their [...]
Let’s be open about this: Staff should be encouraged to work outdoors May 17, 2019 Mental Health Awareness Week is an important event that highlights the need for honesty and openness when it comes mental health issues at home and in the workplace. In business, the focus on concepts such as wellbeing and wellness has had a positive impact on employee engagement, and it is clear that good mental health [...]