KPMG UK: Number of equity partners dips below 500 as Big Four layoffs begin November 19, 2023 KPMG UK has cut its number of equity partners to less than half the size of rival PwC in a sign that the firm has not hesitated in making cuts right at the top of the firm as the Big Four begin another round of layoffs.
EY UK boss: Issues that led to split plan still exist – we need to find an answer November 19, 2023 The problems that EY’s failed split plan was supposed to answer are still lingering, the firm’s UK boss has warned in a rare interview. Speaking to The Sunday Times, EY’ UK chair and UK and Ireland’s managing partner Hywel Ball, highlighted the firm’s need to “find a response” to the questions that led it to [...]
London Stock Exchange Group boss: Arm would have been slammed in UK for a post-IPO slump November 17, 2023 The London Stock Exchange and Arm would have been slammed by UK media if the chipmaker had floated in London and slumped below its IPO price, the boss of the London Stock Exchange Group has claimed.
It would be senseless to delay a tax supported by greenies and the steel industry November 16, 2023 Implausible though it sounds, businesses in Britain are clamouring for a new tax this Autumn Statement. Even more unlikely, both heavy industry and environmentalists are aligned in wanting it. That’s right, the unsexily-titled carbon border adjustment mechanism (which parades around the punchy acronym CBAM) has managed a feat few thought possible: the union of greenies [...]
EY picks Janet Truncale as new global CEO after failed split November 15, 2023 EY has appointed its first female global chief executive after the firm announced today that it has picked its head of its financial services business in the Americas to lead the Big Four firm.
Britishvolt owner could be wound up after failing to pay employees November 15, 2023 The owner of Britishvolt could face winding up, after a former employee began legal action over unpaid wages.
Why the UK should not get carried away by the largest fall in inflation since 1992 November 15, 2023 October's inflation figures do not dramatically change the Bank of England's fundamental narrative, although they may refine it.
UK falls out of top five renewable energy investment markets… again November 14, 2023 The UK has dropped out of the top five most attractive countries for renewable energy investment, according to consultancy firm EY.
As wage growth passes its peak experts are divided on the Bank of England’s next move November 14, 2023 The question is what will happen with wage growth over the coming months. Predictably, economists are divided.
KPMG slashes bonuses again as dealmaking fees dry up November 10, 2023 KPMG has slashed bonuses for its UK deals team again in the latest sign of the strains facing the firm after a drop off in fees this year, City A.M. has learned.