UK’s audit watchdog set to reclaim control over licensing of major accountancy firms April 12, 2022 The UK’s audit watchdog is preparing to strengthen its powers to sanction Britain’s major accountancy firms. The Financial Reporting Council (FRC) is readying itself to take back control over the registration of the UK’s auditing firms, sources told the Financial Times. In doing so, the FRC would be given new powers to strip licenses from [...]
Audi RS3 Sportback review: the scorching 400hp hot hatch April 11, 2022 Tim Pitt drives the Audi RS3 Sportback hot hatch – and reflects on its Quattro rally-car roots. How does it compare to the Mercedes-AMG A45 S?
London IPOs plunge as the City feels the shocks of war April 11, 2022 London has seen a major slowdown on its capital markets this year as the shocks of war in Ukraine and soaring inflation sparked a plunge in the amount of cash raised through IPOs.
FCA lays out three year plan to increase ‘enforcement and intervention’ April 7, 2022 The City watchdog has laid out a new three year regulatory strategy today to sharpen its efforts to protect consumers and increase its powers of “enforcement and intervention”.
EY to double size of consulting team by hiring 5,100 consultants over the next four years April 5, 2022 Big Four accountancy firm EY is set to double the size of its UK consulting team, by hiring 5,100 new consultants over the next four years. The accountancy giant said it plans to double the size of 5,100 strong consulting team, with a view to having more than 10,200 consultants on its books by 2026. [...]
Brexit spurs rise in overseas talent sponsoring among City firms April 4, 2022 Brexit has spurred a rise in City firms sponsoring overseas recruits, with around 200 workers based outside of the UK being hired per week. It comes amid a labour shortage on British soil, which has seen City law firms battle it out for the highest pay. Visa sponsorships by UK-based financial services firms have been [...]
Into the final straight: An interview with gambling chief Michael Dugher April 1, 2022 For most punters, it’s the thrill of horses entering the last couple of furlongs when the heart rate starts picking up. The betting industry however is in a final stretch quite unlike that at courses like Cheltenham and Epsom – for a government review in the works since 2020 is due to finally set the [...]
City Moves: Who’s switching jobs in the Square Mile? March 30, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Johnston Carmichael Accountancy and business advisory firm Johnston Carmichael has bolstered its London leadership team with a new internal audit and controls assurance partner. Si Mathavan, who joins from EY where he was director of the assurance team, brings 17 years’ worth of experience [...]
Post-Brexit City exodus fails to materialise as London drives recruitment bounce March 29, 2022 The mass exodus of workers from the City to the Continent after Brexit has failed to materialise, blowing gloomy forecasts about London’s place in the global finance community out of the water, reveals a fresh study published today. Finance firms based in the Square Mile have slashed the number of staff they were intending on [...]
Soaring energy bills to drag on UK economy, new forecasts reveal March 28, 2022 Swelling energy bills are set to drag on the UK economy this year by sending a chill through household spending, reveals new research published today. Household energy bills will almost double in October even after rebates are handed out, according to new forecasts published by the EY Item Club today. The downbeat assessment adds to [...]