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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All 196 Articles

KPMG’s Summer Friday half-day rollback signals deeper woes for Big Four giants

June 11, 2026

Big Four giant KPMG’s removal of its Friday early finish for employees is affecting branding and souring the mood among staff, who may see this as a signal to reconsider a career at the firm. Time spent working at a Big Four giant was once a prized bauble to list on a CV. But with [...]
Watchdog opens probe into auditors of collapsed lender MFS

June 11, 2026

The Financial Reporting Council (FRC) has launched an investigation into the conduct of three accountancy firms and individual accountants involved in auditing the accounts of collapsed mortgage lender, Market Financial Solutions. The accountancy watchdog said it has opened four probes into Magus Chartered Accountants, Berkeley Finch Limited, and Silver Levene (UK), and into a number [...]
Kennedys tops £450m global revenue as Middle East conflict helps drive growth

June 10, 2026

Law firm Kennedys has reported its 12th consecutive year of growth, surpassing £450m for the first time, with the Middle East conflict partly driving revenue. The City-headquartered firm, which specialises in advising the insurance sector, has generated £457m for the financial year 1 April 2025 to 31 March 2026, up from £428m in the previous [...]
P&O Ferries to be probed over possible audit failings

June 10, 2026

The Financial Reporting Council (FRC) has opened a probe into the conduct of an accountant at P&O Ferries over the accuracy of information they provided to auditors. The FRC said it has opened the investigation to assess the financial information provided to the auditor of P&O Ferries Holdings Limited and its subsidiaries between December 2020 [...]
World Cup office sweepstakes could leave employers facing legal red cards

June 10, 2026

With the World Cup set to kick off on Thursday, many offices across the City will be gearing up to offer employees the chance to participate in competitions – known as sweepstakes – to place informal bets on who might win. Sweepstakes involve participants paying a fee into a cash pot and being randomly assigned [...]
Palantir to sue Khan over blocked Met police contract

June 9, 2026

Palantir is set to sue Sadiq Khan after the London Mayor blocked a £50m contract with the Metropolitan Police, claiming the tech giant does not reflect the City’s values. In May, Khan vetoed the deal in which Palantir would have supported Scotland Yard with AI technology, over concerns about the Met’s procurement process, claiming they had failed [...]
Kroll chief Jacob Silverman: AI won’t kill ‘mission critical’ advisory work

June 9, 2026

Jacob Silverman arrives at Kroll’s vast City office for our interview fresh off a delayed flight from Atlanta, but you’d never know unless the bright-eyed New Yorker hadn’t mentioned it. Between sips of diet coke, the firm’s global chief executive offers City AM an upbeat assessment of AI’s influence on the consultancy sector that seems [...]
Private equity faces ‘sharp shock’ of triple threat stalling market momentum

June 8, 2026

The global private equity market has stalled as it faces a triple-shock of issues which are contributing to a slowdown in market momentum, according to new figures from Bain & Company. The Big Three consulting firm said in its midyear report on private equity that the industry, “which was gathering momentum at the start of [...]
Services industry falters as activity plummets amid Iran conflict fallout

June 8, 2026

The UK’s services sector’s economic activity and performance declined sharply last month as fallout from the Iran conflict continues to impact businesses, according to new figures. According to data on the latest business trends from accountancy and advisory firm BDO, a drop in sales and fragile client confidence led to a drop in the services [...]
One in ten graduates to flee UK’s worst job market in 30 years

June 7, 2026

One in ten students due to graduate university this summer do not plan on staying in the UK to find work, according to a new survey from graduate recruitment research firm High Fliers. The survey revealed that out of the 15,000 students surveyed from over 30 universities including Oxford, Cambridge, Edinburgh, and the London School [...]

NHS may not be able to replace Palantir before £330m deal deadline

Crystal Palace valued at £900m and hire Raine Group to explore investment or sale

The search for Nigel Farage’s elusive wristwatch

By: Rosie Harris-Davison

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