Baker Tilly hits record $6.8bn revenue following surge in tax advice Baker Tilly International has reported a landmark year, with 2025 revenues surging 21 per cent to $6.8bn (£5.05bn), but it was its tax division that stood out. Over 2025, North America was the fastest-growing region at 37.5 per cent, underpinned by the Baker Tilly (US) and Moss Adams merger in June 2025, followed by EMEA [...]
FCA probe and bonus clawbacks: WH Smith acts against former directors as North America profit plunges Retail WH Smith’s board will trigger clawback provisions for senior executives following accounting errors woes that had resulted in a probe by the Financial Conduct Authority (FCA). WH Smith chief executive Carl Cowling stepped down with immediate effect last month after the report, produced by Big Four audit firm Deloitte, identified weaknesses in the operations of [...]
EY UK bounces back with growth in most divisions but consulting lags Big Four Big Four giant EY UK has seen a bounce back after its fee income grew by 2 per cent over the last financial year to £3.78bn, with the majority of its divisions seeing growth. The firm’s distributable profits before tax grew by over 3 per cent, from £653m in FY24 to £679m, while the giant also reported [...]
Deloitte: Profit up despite revenue slip amid ‘tougher market’ September 30, 2025 Profit at the UK arm of Big Four giant Deloitte rose during its latest financial year despite its revenue falling as it made “changes” to its structure. For the year to 31 May, 2025, Deloitte posted a revenue of £5.68bn, down from the £5.75bn it raked in during the prior 12 months. However, despite the [...]
Co-op digests £80m profit hit from cyber attack September 25, 2025 The Co-operative Group has revealed an £80m hit to half-year profit after a damaging cyber attack earlier this year. The retail and funerals specialist said that it had slumped to a loss in the first half of 2025 after being targeted by a “malicious” cyber attack. Shoppers were faced with empty shelves and issues with [...]
Young Brits have become an unlikely driving force for Buzz Bingo September 22, 2025 Over half of Buzz Bingo’s new members in the last year have been under 35. It’s a remarkable statistic for a game generally portrayed as the home of older generations; one memorable Simpsons episode features a 4pm nap time for its group of elderly players. But that’s no longer reflective of the game in 2025: [...]
Health-conscious Brits lead Dash Water to record-breaking summer September 18, 2025 Health-conscious Brits are expected to have helped sales surge by almost half at soft drink brand Dash Water thanks to a record summer. The business, which is based in London, has revealed its revenue is forecast to jump by 45 per cent in 2025 to £42m. The business, which is based in London and was [...]
PwC UK profits edge up as headcount reductions take effect September 17, 2025 Big Four giant PwC UK has shown steady financial recovery, with revenue, profits, and profit per partner all increasing slightly compared to the previous year, largely due to the implementation of headcount cuts. For the year ended 30 June 2025, PwC UK generated £6.35bn in revenue, up 0.4 per cent on the previous year. Its [...]
Royal Mail owner set to return to profit in first figures since £3.6bn takeover August 31, 2025 The owner of Royal Mail is expected to show a return to annual earnings on Monday in the firm’s first set of results since the completion of its £3.6bn takeover by Czech billionaire Daniel Kretinsky. International Distribution Services (IDS) will post figures for the 12 months to 31 March after a milestone year for the [...]
Post merger A&O Shearman generates £2.9bn in revenue as partner pay falls short of competitors August 22, 2025 The first results following the anticipated merger of A&O Shearman show that equity partners pocketed £2m, slightly below the figures from its legacy Magic Circle firm