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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UK businesses struggle with triple threat of costs, cyber risks and stagnant growth

May 6, 2026

The UK consulting sector is expected to grow by nearly 6 per cent this year, amid businesses facing ‘intensifying pressure’ from cost management, cyber security risks, and budget constraints. The Management Consultancies Association (MCA), which represents the consulting sector, has released a new report stating that heightened costs and strapped budgets are “the single biggest concern” for [...]
Iran war costs Next £47m and may drive up prices

May 6, 2026

Retail giant Next has said the ongoing disruption caused by the Iran War has hit it with a £47m increase in costs from climbing energy and transport prices. The FTSE 100 retail and homeware company said that the £27m increase, a sharp rise from it’s previous forecast of £15m, relates mainly to spikes in energy [...]
FTSE 100 Live: Stocks jump; oil dips below $100 as Trump says Iran deal close

May 6, 2026

Good morning and welcome back to the City AM liveblog. Brent crude dipped below $100 at Wednesday lunchtime after Donald Trump has hailed “great progress” towards a “final agreement” with Iran, prompting a rally in the FTSE, Asian markets and Wall Street. In a sudden reversal late last night, President Trump said he will pause [...]
HMRC handed red card in £584,000 football referee tax lawsuit

May 5, 2026

HMRC has lost a long-running legal battle against the UK’s football refereeing body over the employment status of 60 referees, after the tax authority issued a £584,000 tax bill. In a judgment on Friday, the First Tier Tribunal (FTT) upheld that the referees were self-employed and not employed by the body, the Professional Game Match [...]
Alvarez & Marsal poached FTI heads as firm seeks to challenge Big Four giants

May 5, 2026

Management consultancy firm Alvarez & Marsal has poached its second FTI name to join its recently launched reputation advisory practice as it seeks to challenge the Big Four. The newest recruit, senior director Tom Hufton, joins managing director Rob Mindell to lead the practice, City AM can reveal. The firm’s new practice, launched at the [...]
Stephen Fry launches £100k lawsuit against tech conference over fall

April 30, 2026

Stephen Fry is suing the organisers of tech conference CogX Festival after falling off the stage at the O2 Arena in London and breaking his leg, pelvis, and ribs. Filed in the High Court, the 68-year-old actor and comedian is alleging in his £100,000 claim that the accident, which happened in 2023, was caused by “negligence” from CogX [...]
Grant Thornton snaps up Australian sister firm as part of global push

April 29, 2026

Professional services giant Grant Thornton US is set to acquire the firm’s Australian counterpart to become part of its global advisory platform, boosting the private equity-backed player’s global reach. Grant Thornton US said the transaction was “recommended by the board and would close later this year, subject to shareholder partner approval and standard regulatory conditions.” [...]
General counsel ‘evolving from traditional legal gatekeepers’, says KPMG’s legal arm

April 29, 2026

General counsel responsibilities are evolving beyond just providing legal oversight as regulations “become more complex and demanding”, according to a new report from the Big four giant KPMG’s Law arm. A whopping 75 per cent of the general counsels surveyed by the firm reported to be “frequently providing advice on issues outside of their legal [...]
John Lewis hit with click-and-collect lawsuit

April 28, 2026

John Lewis is being sued by the owner of London’s Brent Cross shopping centre over claims it should pay for online sales collected in store on top of its annual turnover, despite the lease being signed decades before the surge of online shopping. Hammerson and Standard Life Investments, the property company which operates the North [...]
Barristers that ‘failed in duties’ to face probe over Post Office scandal

April 28, 2026

Barristers who ‘failed in their professional duties’ when representing the Post Office during the Horizon IT scandal will face potential disciplinary action, the watchdog has warned. The Bar Standards Board (BSB), which oversees more than 18,000 English and Welsh barristers, said it currently has ten live investigations into possible misconduct, which are “progressing”, and added [...]

Chelsea handed Joao Pedro contract boost ahead of difficult summer

Chelsea handed Joao Pedro contract boost ahead of difficult summer

Everyone’s drinking mid-strength wine. Here’s what to buy

By: Rosie Harris-Davison

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