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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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 [...]
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 [...]

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By: Rosie Harris-Davison

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