Winners of the 23rd Awards For Achievement announced! March 18, 2021 23rd Awards For Achievement– Winners announced Women in Banking and Finance today held its 23rd Annual Awards for Achievement, marking its 40th anniversary while celebrating the achievements of four individuals and a team for their work promoting diversity and gender equality in banking and finance. With Citi as headline sponsor, hosted by Kate Thornton, broadcaster [...]
UK audit shakeup: Big Four face FTSE client caps, new watchdog and a clampdown on directors March 18, 2021 Big Four dominance in the UK audit market may be diluted under new plans announced today that would see stricter regulation of the sector and executives at major firms. The government hopes the proposals, published in a consultation today by the Department for Business, Energy and Industrial Strategy (BEIS), will lead to greater transparency in [...]
BDO wins biggest international audit client replacing Big Four firm KPMG March 15, 2021 BDO in the UK, German and the US has won its largest ever international audit client, replacing KPMG as auditor of software giant SAP. The challenger firm will take over from KPMG as SAP’s auditor for the 2023 financial year. According to SAP, BDO has a “modern and innovative audit concept”. The decision to take [...]
Analysts: UK economy ‘like a punchdrunk boxer hanging off the ropes’ March 12, 2021 UK’s GDP shrank by 2.9 per cent in January, it was announced this morning, blowing a “cold snap” through the UK economy as a third national lockdown was imposed. Analysts were torn as to whether the harsh fall is a glass of cold water to the face, or better than what was forecast. January’s figures [...]
City Moves: Who is switching jobs in the Square Mile this week? March 10, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. New strategy director joins Wates Construction Wates Construction Group has appointed a new strategy and integration director for its recently formed group of businesses Wates Integrated Construction Services (WICS). Joining the London office, [...]
West End classic Angus Steakhouse ‘on brink of administration’ March 9, 2021 West End staple Angus Steakhouse is reportedly on the edge of collapse unless it can secure rent concessions from its landlords. The restaurant chain, which was founded in the 1960s, has hired KPMG in a bid to strike a last-minute deal with landlords, the Telegraph reported. The Big Four auditor has written to letters to [...]
Global mining trade group picks sustainability expert as new CEO March 9, 2021 The International Council on Mining and Metals (ICMM) said today that it has appointed Rohitesh Dhawan, a managing director at Eurasia Group with expertise in climate change and sustainability, as the trade group’s new chief executive. The appointment of Dhawan, effective from April, reflects increased pressure on the mining industry to put environmental, social and [...]
Mastercard vice chair: We can’t let Covid crisis hold back female entrepreneurs March 8, 2021 In Q3 of 2020, venture funding for female founders hit its lowest quarterly total in three years. Whilst the current Covid-19 pandemic stands as one of the greatest disruptors to our way of life in living memory, when we have disruption and crisis we also have opportunity to do more, and to do better. There [...]
Deloitte diversity chief ‘facing internal investigation over bullying claims’ March 5, 2021 Deloitte’s deputy chief executive and diversity champion Dimple Agarwal is facing an internal probe over allegations of bullying. Agarwal, head of “people and purpose” at the Big Four auditor, is facing complaints from staff over inappropriate working practices such as communicating aggressively and making employees attend extremely early meetings, the Telegraph first reported. Having joined [...]
Wall Street slips despite better than expected US jobs data March 4, 2021 US stocks opened lower on Thursday as Wall Street reckoned with yesterday’s technology-led selloff, despite new data showing an improved US employment market. The tech-heavy Nasdaq slid 2.4 per cent this afternoon, with carpet company Dixie Group pulling the index down with a 48 per cent drop. Tesla shares extended yesterday’s loss of more than [...]