By: Rosie Harris-Davison

News Reporter Rosie Harris-Davison is a News Reporter in the Professional Services team, covering the Big Four, law, advisory, and beyond. She previously wrote about tech policy, regulation, and litigation for specialist legal publication Lexology. Email Rosie at rosie.harris-davison@cityam.com.

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British consultants face slowdown as corporate spending slumps

July 7, 2026

The British consulting industry is set to grow by a single digit this year as the sector faces a slowdown in spending from corporate clients. According to research from the Management Consultancies Association (MCA), the primary representative body for management consulting firms in the UK, the UK consulting sector’s predicted growth for 2026 stands at [...]
Exclusive: Top FTSE executive recruiter goes bust after AI platform launch

July 4, 2026

A City-based boutique recruitment consultancy which has won executive-level talent for a host of FTSE firms has plunged into insolvency after pumping investment into an AI platform, City AM can reveal. Savannah Group, which has recruited directors and executives for the likes of Starbucks, hospitality giant Fullers, Burger King, Aston Martin, and global cruise titan [...]
Ryanair warns of ‘passport queue chaos’ with new EU border system

July 3, 2026

Ryanair has warned the EU’s new biometric border system will cause “passport queue chaos” this summer and called on European governments to halt the rollout until after the busy travel season. The budget airline said the new system “is not ready” for the large volume of people travelling to Europe over the summer and urged [...]
Forvis Mazars and top partner hit with £600,000 fine for audit failings

July 2, 2026

The Financial Reporting Council (FRC) has hit accountancy giant Forvis Mazars and a top partner at the firm, David Allen, with a combined £610,537 for audit failings relating to a retail firm listed on the London Stock Exchange’s main market. The FRC said it has issued the fines following an investigation into both Forvis Mazars [...]
PwC joins the Canary Wharf crowd in major property shake-up

July 2, 2026

Big Four giant PwC has picked Canary Wharf for its new UK office, and is set to swallow up 350,000 sq ft in the area in the latest boost to the docklands financial hub. The firm has chosen One Eden in Canary Wharf to be its new office address, a building formerly known as 33 Canada [...]
UK ‘no longer a serious place’ says Hedge fund boss after losing £200m tax battle

July 1, 2026

Hedge fund Bluecrest Capital Management, founded by the UK’s wealthiest financier, said the UK is no longer “a serious contender” as a place to do business after it lost a £200m battle with the tax man, in a ruling that could now leave the wider hedge fund and professional services industries facing a hefty bill. The [...]
EY grad sacked down under for allegedly accessing PM’s bank account

June 30, 2026

A junior employee at Big Four accounting giant EY Australia has been sacked over allegations he and another man accessed prime minister Anthony Albanese’s personal bank account. Both men faced court on Tuesday over the breach which, according to the Australian federal police, took place when the EY graduate was on secondment at the Commonwealth [...]
Housebuilding giants hit with £4.5bn lawsuit for allegedly overcharging buyers

June 30, 2026

Seven of Britain’s largest housebuilders are facing a class action lawsuit worth a potential £4.5bn in damages over allegations they overcharged 700,000 buyers of new-build properties. Mark McLaren, former parliamentary and legal affairs manager at consumer group Which?, is planning on launching the claim against FTSE 100 firms Barratt Redrow and Persimmon, FTSE 250 companies [...]
How the SpaceX IPO revealed a ‘back door’ into Britain’s capital markets

June 29, 2026

The UK’s public offer platform regime was rolled out as part of a package of reforms designed to get capital flowing into British companies. Now SpaceX has used it to raise funding in the biggest IPO of all time – in New York. Maisie Grice asks whether the changes are working as intended. In January, [...]
Bank of England chief economist ‘not trying to be a troublemaker’ on rates split

June 29, 2026

The Bank of England’s chief economist has warned fellow policymakers over the risk of becoming “complacent” towards the cost of living as he defends his recent calls to hike interest rates. Huw Pill, a member of the central bank’s Monetary Policy Committee, has voted twice to increase rates to 4 per cent in the committee’s [...]

City grandees call for revival of ‘animal spirits’ on Big Bang anniversary

Major Chinese brands drop Mbappe over Chairman Mao meme jokes

Why The Reeds at South Lodge is long weekend heaven

By: Rosie Harris-Davison

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