Deloitte snaps up London tech consultancy Reformis January 16, 2023 Deloitte has completed its acquisition of London tech consultancy Reformis as it pushes forwards with efforts to bolster its advisory business. The acquisition, for an undisclosed sum, will see Reformis’ 83 staff join the Big Four accounting firm as it seeks to capitalise on booming demand for tech focused advice. Founded in 2003, the consulting [...]
Sadiq Khan: Time to end ‘vow of silence’ on Brexit business hit – and his plan to fix it January 12, 2023 Mayor of London Sadiq Khan will lay into what he describes as the “selective amnesia” of government ministers who ignore the impacts of Brexit on the British business community. Speaking at a black tie dinner in the City tonight, Khan will say that the “unnecessarily hard-line version of Brexit (ministers have chosen) is having a [...]
EY appoints ex-Cargill exec as newly-separated advisory firm’s CFO January 10, 2023 EY has appointed former Cargill and General Electric exec Jamie Miller as chief financial officer (CFO) of its split-off global advisory firm. Miller’s appointment as CFO of EY’s soon-to-be separate consultancy firm comes as the Big Four firm pushes forwards with plans to float the newly spun-out business in New York. EY chief executive Carmine [...]
Pinsent Masons ramps up its ESG presence with latest acquisition January 10, 2023 Pinsent Masons today acquired sustainable finance consultancy Morgan Green Advisory (MGA) as the London law firm seeks to capitalise on surging demand for ESG advice. The law firm’s acquisition for an undisclosed sum will see MGA’s 25 expert consultants join Pinsent Masons’ 2,500-strong international team. The London firm’s decision to snap up MGA comes as [...]
London IPOs: 2023 outlook uncertain as value of cash raised in the capital slumps below global rivals January 10, 2023 The amount of cash raised through initial public offerings in London plunged 90 per cent last year as the market was buffeted by soaring inflation and the shocks of war in Ukraine, new figures show.
Millennials ignored by UK’s financial institutions as boards stumble towards gerontocracy January 9, 2023 The boards of banks, asset managers and fintechs are outstripping their European rivals at female representation, but failing to take on any millennials, according to new research. EY’s report found that there were no board members under 40 in any of the UK’s top financial services firms. The report on board diversity shows that in [...]
Exclusive: IBM UK and Ireland appoints first female CEO replacing veteran of two decades with Microsoft leader January 9, 2023 IBM UK and Ireland has appointed its first ever female chief executive following the departure of its existing general manager after 22 years. Dr Nicola Hodson will take over from Sreeram Visvanathan at the tech giant’s UK arm, arriving from Microsoft. She was Microsoft’s Vice President of Customer & Partner Solutions, Transformation, and a member [...]
EY builds £2bn war chest to fund M&A spree for newly-separated consulting arm January 8, 2023 EY is creating a $2.5bn war chest to finance acquisitions of consulting businesses as it pushes ahead with plans to spin off its advisory arm into an entirely separate firm. The Big Four accounting firm is setting aside a sum of $2.5bn (£2.07bn) to fund an M&A spree for its newly-separated consulting arm, with a [...]
Use of AI apps is fuelling plagiarism, as barrister warns more needs to be done to stop online exam cheating January 6, 2023 Artificial intelligence apps, such as the chatbot ChatGPT, could make the UK’s exam cheating problem worse, a top barrister who works on student appeals has warned. Increasingly sophisticated AI models are now able to produce “decent, plagiarism-free answers to a wide range of questions,” Daniel Sokol, a barrister at 12 King’s Bench Walk, said in [...]
Who’s winning the City’s talent war? The firms that paid the most in 2022 December 24, 2022 Where to find the best paid job? As strikes over pay have brought the country to a halt, it is notable that workers in one sector in particular have seen their pay packets bulge in 2022. Aside from criminal barristers, who carried out a month’s long strike this summer, those working in private sector legal [...]