Big Four scoop £1.5bn in government contracts despite Labour’s pledge to cut spend Big Four The Big Four have collectively secured over £1.5bn in public contracts so far this year despite the UK government’s pledge to cut spending on external consultants to save taxpayers’ money. An investigation by market intelligence platform Tussell found the government has awarded KPMG, Deloitte, EY and PwC over £1.5bn in contracts so far in 2026, [...]
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 [...]
Goldman-linked EY breach highlights new era of undetectable data theft Tech Sensitive corporate data can be stolen through everyday workplace software without setting off traditional cyber defences, Darktrace has warned, after a breach at the Big Four giant exposed information linked to Goldman Sachs and Man Group. Nathaniel Jones, senior vice president of global threat intelligence at Darktrace, told City AM attackers were increasingly able to [...]
The sugar rush is over: The Big Four must wake up from their pandemic dream September 30, 2026 The pandemic was the worst thing that could have happened to the Big Four giants and the overall consultancy market. At the time, these firms were flying high, flooded with inquiries from businesses needing help to navigate the ‘once-in-a-lifetime ‘ event, but this ‘sugar rush’ didn’t last forever, and it gave the industry a false [...]
Lord’s Cricket Ground, West Ham, EY among creditors owed £190m by Brewdog September 24, 2026 Lord’s Cricket Club, West Ham United and Big Four accounting firm EY are among the big-name firms which are owed £190m by Brewdog. The craft beer firm collapsed earlier this year and its administrators have said that its unsecured creditors, who are owed £189.9m, will not be paid back. AlixPartners, Brewdog’s administrators, said there are [...]
How AI is forcing the Big Four to rethink graduate training September 23, 2026 The Big Four giants – KPMG, Deloitte, EY, and PwC – have for decades played an important role in shaping the next generation of City workers. As one of the largest graduate trainers in the UK, their approach to restructuring graduate programmes in the age of AI will be crucial to the future of financial [...]
Europe’s boardroom pay gap with North America narrows amid battle for expertise September 15, 2026 European financial institutions have aggressively closed the transatlantic pay gap at board level, driven by efforts to attract top-tier and specialist talent as boards face into a growing range of complex challenges. An EY analysis of more than 2,000 financial sector directors shows European non-executive remuneration surged 10 per cent in 2025, more than double [...]
PwC thought leadership reports ‘100 per cent AI generated’ July 29, 2026 The Big Four giant PwC has been found to have published four ‘thought leadership’ reports that show a pattern of irresponsible AI usage, including hallucinated citations and fabricated claims. A probe by GPTZero, a company that makes AI detection software, focused on four reports published between 2024 and 2026 by PwC Middle East and found [...]
EY and London managing partner fined over £1.3m for audit failure July 28, 2026 Big Four giant EY and its London office managing partner have been hit with a nearly £1.3m fine by the financial watchdog for audit failings related to retailer Made.com in 2021. The Financial Reporting Council (FRC) said the sanction follows an investigation into Julie Carlyle, who manages the City office and a portfolio of many [...]
Big Four’s AIM exodus accelerates as mid-tier firms seize mandates July 27, 2026 Mid-tier audit firms scooped up new clients as the Big Four giants executed an intentional retreat from London’s junior market. Three years ago, PwC, Deloitte, EY, and KPMG audited nearly half of the FTSE Alternative Investment Market (AIM) 100 index with 49 clients combined. But today, the market share has collapsed to 30 clients, according [...]