EY extends global HQ stay on Thames January 6, 2026 Big Four giant EY has renewed the lease on its global headquarters until 2040. The firm’s UK and global HQ is at 1 More London Place, whose lease was set to expire in 2028 before the firm greenlit a contract renewal. The ten-storey building on the south bank of the River Thames, with 35,000 sq [...]
Interpath and beyond: The surge of private equity investment in professional services January 5, 2026 It was revealed this morning that Big Four giant KPMG’s former restructuring division, Interpath Advisory, was in exclusive negotiations with Bridgepoint to acquire a majority stake in its business, the latest in a string of private equity deals in the professional services sector. KPMG sold the arm to private equity group HIG Capital in 2021 for £400m. [...]
KPMG spin-out Interpath Advisory makes third loss in four years as sale revealed January 5, 2026 KPMG’s former UK restructuring division, Interpath Advisory, has fallen to its third loss since breaking away from the Big Four firm in 2021, it has been revealed. The business has reported a pre-tax loss of £11m for the 12 months to 28 March, 2025, new accounts filed with Companies House show. That comes after Interpath [...]
Economic uncertainty leads to dwindling vacancies in London December 8, 2025 Permanent hires in London fell for the eighth consecutive month in November, driven by ongoing economic uncertainty and dwindling vacancies. According to the latest report from professional services firm KPMG and the Recruitment and Employment Confederation (REC), the decrease in hiring quickened in the capital last month, with the reduction in permanent vacancies one of [...]
Is HSBC’s chair hunt really over? December 4, 2025 Safe, but surprising – that was the verdict across the City as Britain’s biggest bank unveiled its new chair after a twist-and-turn search. Brendan Nelson will take the post at HSBC, succeeding Sir Mark Tucker, whose exit in September left the bank without a permanent chair for weeks. Except for Nelson. Indeed, the seasoned accountant [...]
HSBC taps KPMG veteran Brendan Nelson to chair banking giant December 3, 2025 Europe’s biggest lender, HSBC, has named a new chair following its tumultuous recruitment programme after the departure of Sir Mark Tucker. HSBC tapped KPMG veteran Brendan Nelson, who has also served on the boards of BP and Royal Bank of Scotland, as its new chair. Nelson joined the banking giant’s board in 2023 and has served [...]
UK economy set to cool as weak consumer confidence damages spending December 1, 2025 The UK economy is expected to cool in 2026, as the softening labour market and subdued consumer confidence caused a drop in household spending. The economy is set to slow 1.0 per cent next year, down from 1.4 per cent in 2025, according to the latest economic outlook from professional services firm KPMG. Meanwhile, unemployment [...]
Redundancies and scant vacancies weakens jobs market November 14, 2025 A fall in the number of vacancies and growth in the jobseekers pool due to more redundancies has led to a further decline in the jobs market, a leading survey has indicated. Official data this week showed a jump in the unemployment rate from 4.8 per cent to five per cent in a set of [...]
Retailers hit by subdued October as Budget threat looms November 11, 2025 UK retailers suffered a “subdued” October as Brits tightened their pockets ahead of what is expected to be a tax-heavy Autumn Budget. Retail sales increased 1.6 per cent year-on-year but remained below the 12-month average of 2.1 per cent, marking the weakest growth since May. The new data from the British Retail Consortium (BRC) and [...]
KPMG: Half of banks experiencing uptick in Gen Z staff quitting October 20, 2025 Gen Z banking employees are leaving the industry at faster rates than other professions, opting for start up jobs and remote work instead. That’s according to a new KPMG survey of bosses in the sector, which has found that almost half of financial services firms have experienced an uptick in younger employees quitting. The consultancy [...]