Mark Kleinman: WeWork’s decline foretells trouble in the property market November 9, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
The Big Four plan to cut 1,800 jobs – but are there more layoffs to come? November 9, 2023 The Big Four firms - KPMG, PwC, Deloitte and EY - have confirmed plans for nearly 1,800 jobs cuts this year. Is that the end or will the layoffs continue?
Worst corporate jargon of the week: GFC November 8, 2023 Fresh-faced finance bros in the City have breathed new life into a term for 2008 financial crash.
Financed Emissions – Explained November 8, 2023 Financed emissions refer to greenhouse gas emissions associated with the funding of projects, companies, or initiatives. For example, a bank lending money to a company that wants to expand its operations. The company then emits greenhouse gases during this expansion, and whilst the bank isn’t directly producing the emissions, it is indirectly supporting and enabling [...]
PwC Australia cuts over 300 jobs following tax leak scandal November 8, 2023 Pricewaterhouse Coopers (PwC) Australia on Wednesday announced hundreds of job cuts citing a slowing economy and the after-effects of a national scandal over leaked tax documents as a major audit client cut ties with the firm. The audit and consulting major has been under fire this year after revelations a former partner leaked government tax [...]
Persimmon appoints PwC veteran as new CFO after housebuilding improvement and share rally November 8, 2023 Persimmon has chosen Andrew Duxbury to become its chief financial officer amid a rally for homebuilders as market conditions show signs of improvement.
“Doom and gloom starting to clear” for the London legal hiring market November 8, 2023 Activity in the legal jobs market is up as new data shows September and October had the most recorded partner moves in a single two-month period. Legal recruitment specialist Edwards Gibson’s new report on law firm partner moves in London recorded 117 partner moves over the two month period. The numbers are 36 per cent [...]
Brits are afraid of failure, and the flop of Wework will deter future entrepreneurs November 8, 2023 Failure is part and parcel of innovation, high profile failures must not make Brits more risk-averse, Paul Ormerod writes.
Audit watchdog pledges to focus on growth after reforms are shelved November 7, 2023 The audit watchdog has announced it will look to focus on promoting “growth and the UK’s competitiveness” after the government shelved a host of reforms that would have increased reporting requirements for London-listed companies.
Oaknorth founder accuses lenders of underserving SMEs for years November 7, 2023 Oaknorth is offering to help scale-up businesses that are being overlooked and underserved by big banks