Big Four UK: 900 redundancies and counting over 2024 December 5, 2024 Over 900 roles were made redundant at the UK Big Four firms over 2024, as the accountancy giants lit up the headlines for a second year running
Spike in PwC partners taking early retirement amid Big Four slowdown November 21, 2024 A larger-than-usual number of partners at PwC are choosing to step down at the end of this year, as the Big Four accountant looks to boost its performance amid slowing growth. The financial services giant’s 1,030 partners learned earlier this week that several dozen of their colleagues would be taking early retirement, after new UK [...]
Air Berlin administrator sues KPMG in England November 5, 2024 The administrator of a bankrupted German airline has hit Big Four giant KPMG with legal proceedings in an English court, City AM can reveal
CBI says it has financial backing for return of flagship summit October 16, 2024 The Confederation of British Industry (CBI) has insisted it will have financial backing for its annual flagship summit next month as it returns for the first time since the group nearly collapsed last year.
EY pushes back graduate start dates as deals market slows October 13, 2024 Accounting giant EY has postponed the start dates for around 200 graduate hires as it grapples with a slowdown in business activity. New recruits set to begin their roles at the company’s strategy arm, EY-Parthenon, in the US next month or in January will now not be needed until mid-2024. To support affected recruits, EY [...]
KPMG and Natwest put the CBI back in business October 9, 2024 Companies renew their memberships to CBI offering hope for the firm's continuation
Growing labour market slack ‘strengthens case for further rate cuts’ October 7, 2024 "A greater number of candidates and reduced demand helped to limit pay growth," the survey said.
Smaller firms eye chunk of Big Four’s audit work with uptick in clients September 30, 2024 Non-Big Four firms have experienced an uptick on audit work across FTSE 250 and all main market clients, as competition with the audit giants continues
‘Intense’ consumer duty rules driving up regulatory pressure on City, KPMG says September 26, 2024 The Financial Conduct Authority's "intense" supervision of its flagship consumer duty regime is driving an increase in regulatory pressure felt by City firms, according to KPMG.
UK economy to grow twice as fast as expected says KPMG September 25, 2024 KPMG's latest forecasts suggest the economy is on track to grow 1.0 per cent this year before accelerating slightly to 1.2 per cent next year.