Big Four switch: Alliance Pharma hires Deloitte as its new auditor after KPMG resigns August 8, 2022 Alliance Pharma has appointed Big Four giant Deloitte as auditor after the pharmaceutical company’s go-to for six years KMPG resigned. Deloitte will be the company’s auditor until the end of 2022 and will need to be approved by Alliance Pharma’s shareholders to be re-appointed for 2023. It was appointed following a tender process, which KPMG [...]
Joules confirms talks with Next about retail giant acquiring £15m minority stake August 8, 2022 Joules has confirmed weekend speculation that Next is set to acquire a minority stake in the lifestyle retailer for around £15m. Sky News reported at the weekend that the high street staple had been in talks with Joules for several weeks over a deal. Now, Joules has confirmed these discussions are taking place, with talks [...]
OEUK backs Equinor’s plans to develop £4.5bn Rosebank oil and gas field August 8, 2022 Industry body OEUK has given its backing Equinor's plans to develop a major oil and gas field on the UK continental shelf.
Law firm mergers drop to decade lows as legal sector boom slows M&A activity August 8, 2022 The past two years’ boom in demand for legal services has seen M&A activity in the UK’s legal sector drop to decade lows, research from accountancy firm Hazelwoods shows. The number of mergers between UK law firms has fallen to its lowest levels in a decade, in plummeting from highs of 278 in 2011 to [...]
Dodging the media won’t bode well for a new prime minister looking for unity August 8, 2022 For broadcasters, it has become a familiar phrase: “We approached the government for comment, but no one was available.” Journalists such as Emily Maitlis, Kirsty Wark, Cathy Newman and Jon Snow have all intoned it until it hardly means anything – but it has been a hallmark of the Boris Johnson years. Ministers have, to [...]
To attract and retain the best talent, the Square Mile must break down class barriers August 8, 2022 Later this month, young people across the country will be opening their exam results and looking ahead to an exciting future. I hope that many of them will eventually choose to forge a career in the Square Mile, just as I did a few decades ago. City firms try to attract the best talent to [...]
Global money transfers surged 60 per cent over the last decade to £538bn in the past year August 8, 2022 Global money transfers reached $653bn (£538bn) in the past year, a rise of 60 per cent over the last 10 years as economic trouble hits countries. Research by remittance provider ACE Money Transfer said the rise began as the world recovered from 2008’s global financial crisis in 2011-2012, with remittances important in aiding developing countries [...]
Investment should flow from our thriving pension market August 8, 2022 People from around the world come to use the UK’s financial markets to fund their ventures, build their economies and make a return. Yet, for years, the UK has been poor at turning this natural advantage into investment here at home. For example, the UK has the second largest pension pot in the entire world, [...]
Businesses scramble to hire workers despite looming UK recession August 8, 2022 Businesses are scrambling to fill vacancies at a rapid pace despite the UK staring down the barrel of the longest recession since the financial crisis, revealed new figures published yesterday. A shortage of workers partly driven by people dipping out of the jobs market due to Covid-19 related health issues and Brexit has intensified competition [...]
Letter: FCA starts a race against time August 8, 2022 [Re: FCA reveals major consumer regulation shake-up but delays deadlines after industry protest, July 27] The three-month extension for financial services firms to implement the FCA’s new Consumer Duty requirements is something of a double-edged sword. While extra time has been welcomed by the industry, it may have overshadowed a more pressing part of the [...]
