RSM UK approves merger with US arm, backing partnership over private equity Prof Services Accountancy firm RSM UK has greenlit a merger with its US sister, RSM US, to create a $5bn (£3.75bn) new partnership structure, in the first major transatlantic combination in the accountancy sector. It was reported last October that both firms were in talks, with a focus on the mid-market. On Thursday, after a “near-unanimous vote” [...]
Britain secures £10bn warship deal with Norway Politics The UK has agreed a £10bn deal to supply Norway with at least five new warships, in what both governments are hailing as a landmark for defence cooperation, but which analysts say also underscores rising geopolitical tensions and the pressure on NATO allies to increase spending. Under the agreement, Britain will deliver ‘type 26’ frigates [...]
EY planning senior partner layoffs – reports Business Big four firm EY is set to lay off dozens of senior partners in its most significant redundancy plan in decades amid a slowdown in consultancy spending
BDO becomes £1bn giant as partner profit recovers November 25, 2024 Revenue at BDO, the accountancy and business advisory giant, has surpassed £1bn for the first time in its 100-year history, it has been confirmed. The London-headquartered firm, which has offices across the country, said its “continuedprogramme of investment” helped revenue rise by 8.6 per cent to £1.02bn in the year to 5 July, 2024. The [...]
IMG partners with British Cycling Events in new deal October 10, 2024 British Cycling Events and IMG have announced a six-year partnership aimed at supporting the growth of the organisation’s portfolio. The firm, a subsidiary of British Cycling, was set up to deliver various two-wheeled events across Great Britain. The partnership, the organisation states, will aid events such as the Tour of Britain be elevated. IMG have [...]
British and Irish Lions agree Charles Tyrwhitt partnership May 28, 2024 The British and Irish Lions have announced a partnership deal with City staple Charles Tyrwhitt ahead of the 2025 tour to Australia. The touring group – made up of rugby players from England, Wales, Scotland and the island of Ireland – will head Down Under next summer for a series that will include three Test [...]
British Cycling and Lloyds Bank announce long-term partnership May 23, 2024 British Cycling and Lloyds Bank have announced a long-term deal which will see the high street bellwether feature as a lead partner of the two-wheeled discipline. As part of the deal Lloyds will become the title sponsor of the Tour of Britain with their logo on the Great Britain Cycling Team. It is understood to [...]