EY faces mounting staff backlash over sexual harassment case November 18, 2021 EY has come under fire from its own workforce for allowing a partner to retain his job after sexually harassing a junior female colleague on a company ski trip, according to reports. The accounting giant told staff it would do more to tackle inappropriate behaviour, following the case of Neil Hutt, a transactions partner who [...]
Willis Towers licks wounds of failed mega-merger with a board shakeup November 18, 2021 Willis Towers Watson has appointed four new directors, as the company tries to move forward after a failed mega-deal with Aon earlier this year.
Solicitor in hot oil with regulator for hitting a member of the public with a frying pan November 18, 2021 The Solicitors Regulation Authority (SRA) has rebuked a lawyer after he "struck" a member of the public with a frying pan.
After 12 years: PwC likely to be replaced by EY as Aviva auditor November 18, 2021 Aviva has proposed EY as its new auditor from 2024, replacing PwC after 12 years.
Business secretary Kwasi Kwarteng tells LV= to reveal fees from £530m Bain takeover November 17, 2021 Mutual insurer Liverpool Victoria (LV=) has been urged by the business secretary to disclose how much City firms will take home from the £530m proposed takeover by US private equity firm Bain Capital, amid increasing scrutiny from members. In parliament yesterday Kwasi Kwarteng said “transparent data” should be provided for LV= customers about how much [...]
Lib Dem leader Ed Davey leaves Herbert Smith Freehills consultant role November 17, 2021 Sir Ed Davey, the leader of the Liberal Democrats, has stepped down from a consultancy role at law firm Herbert Smith Freehills following the Prime Minister’s proposal of a ban on MPs holding paid consultancy roles, according to reports. A spokesperson for the Liberal Democrats party confirmed yesterday that Davey had resigned from two advisory [...]
Prospect of watered down UK audit reforms draws criticism November 17, 2021 Audit groups and investors have warned the government that scaling back long-awaited corporate governance and audit reforms could lead to more corporate scandals, according to reports. In a letter to business secretary Kwasi Kwarteng, the chief executive of the Chartered Institute of Internal Auditors, John Wood, said stronger regulation of internal controls were fundamental to [...]
Workspace bets on the office return with £45m Islington acquisition November 17, 2021 Office-space provider Workspace has announced it has bought out a smaller competitor, The Busworks, in a £45m deal as more people return to offices in London. The FTSE-250 company today said it will upgrade the iconic building, a former Victorian bus factory from 1888, which is currently being used as office spaces to rent. The [...]
Private jet demand soars as aviation industry deals with plane shortage November 16, 2021 A record boom in the use of private jets has left a shortage of aircrafts as more people return to flying, according to reports. Aviation data provider WingX saw a record number of flights in each of the last six months with over 4.2m flights by private jets taking place this year so far, [...]
LV= rejects new Royal London offer and stands by £530m Bain takeover November 16, 2021 Mutual insurer Liverpool Victoria has turned down the latest offer from its competitor Royal London which had proposed dismantling the business, amid increasing criticism over a £530m proposed takeover which would end the firm’s member-owned status. LV= has been pushing its members to vote to allow the controversial takeover deal by US private equity firm [...]
