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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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 [...]
Defence spending plan delay undermines UK credibility, MPs say

June 7, 2026

The delay in publishing Keir Starmer’s long-awaited plan on defence spending has undermined the UK’s credibility and left the country less safe, a parliamentary committee has warned. In a new report critisising the long delay in publishing Starmer’s Defence Investment Plan (DIP), the Public Accounts Committee said this “has undermined the UK government’s credibility with [...]
Starmer scrambles to make savings in bid to boost defence spending

June 7, 2026

Keir Starmer is planning on making cuts across the government in a bid to fund his long awaited Defence Investment Plan. The prime minister will make targeted slashes to transport and net zero spending by 1 per cent in a bid to raise approximately £6bn for defence costs by the end of this parliament. Starmer [...]
Air fares to soar again if fuel costs stay high, British Airways chief warns

June 7, 2026

Prices for flights will shoot up again if fuel costs stay high, the chief of British Airways has warned. The airline’s chief executive, Sean Doyle, said there is “no getting away from” the fact that “if fuel goes up, fares have to go up.” Since the Iran war began in February, jet fuel prices have [...]
£4.5bn black market cigarette tax loss should be ‘a major wake-up call’ for Labour

June 4, 2026

Over half of cigarettes smoked in the UK are black market and are contributing £4.5bn to the country’s tax losses – a record high – according to new analysis from KPMG and tobacco giant Philip Morris. The findings show that 1.5bn more black-market, tax-free cigarettes were consumed by UK smokers last year compared to 2024, [...]
Kirkland & Ellis partners with Palantir for AI-driven private equity work

June 4, 2026

The world’s largest law firm by revenue, Kirkland & Ellis, has agreed to partner with tech giant Palantir to create an AI tool to use in advising private equity firms. The US-based firm, which has a large City office, said the multi-year partnership will deploy technology to share the expertise of its leading partners with [...]
Professional services firms’ future hinges on private equity, Kroll chief says

June 4, 2026

Private equity has been rewiring the professional services industry over the last few years, and with the sector undergoing enormous disruption from AI, stagnant growth, and a highly competitive market, PE investment is increasingly becoming a lifeline for firms to stay afloat. According to Jacob Silverman, chief executive of advisory and consultancy firm Kroll, private [...]
Betfair to be probed in court over online betting liability

June 3, 2026

Betfair is due to be scrutinised in court tomorrow over its duty of care in relation to the dangers of online gambling and betting following a problem gambler’s suicide. The online gambling giant, owned by Irish-American betting giant owned by Flutter Entertainment, will face questions over claims it failed to identify Luke Ashton’s gambling addiction [...]

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By: Rosie Harris-Davison

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