KPMG seeks financial support from parent group in wake of audit scandal August 24, 2026 KPMG Australia has asked its parent company for financial support and laid off hundreds of staff after an audit scandal rocked the Big Four firm’s business down under. In its annual results on Monday, the Australian arm of the accounting group said it will cut its workforce by five per cent and partner pay by [...]
Was Fifa able to sack senior exec Lamour without consequences? A lawyer explains August 24, 2026 Fifa’s chief operating officer, Kevin Lamour, has been shown the ultimate red card after being sacked from his senior executive role last week. The dismissal followed Lamour’s recent criticism of Gianni Infantino’s proposal to sell a stake in Fifa’s tournament business. Despite Fifa U-turning on this decision after a strong backlash, it appears that no [...]
Digital investment nearly doubles since 2019 yet AI’s growth contributions questioned August 24, 2026 Investment in digital infrastructure has nearly doubled in the space of just five years official data has shown even as economists question whether recent gains in productivity are down to artificial intelligence. A revision of how digital infrastructure spending is calculated by the Office for National Statistics (ONS) has suggested that business investment in digital [...]
Daiichi Sankyo Appoints Markus Kosch to Lead Europe Business as Part of New Commercialization Organization August 24, 2026 Daiichi Sankyo (TSE: 4568) today announced the appointment of Markus Kosch, MD, as Head of Europe Business, effective April 1, 2027. In this role, he will lead the company’s European business within the new globally integrated Commercialization Unit and serve as General Manager of Daiichi Sankyo Europe GmbH, with legal responsibility for the company in [...]
Zanders Expands DACH Region with New Office in Vienna, Austria August 24, 2026 Zanders, the global treasury, risk, and technology consultancy, today announced a significant expansion of its DACH region with the opening of a new office in Vienna. The move builds on Zanders’ continued growth across Germany, Austria, and Switzerland, and marks another step in the firm’s strategy of deepening its presence in the markets where client [...]
Billions in pensions go missing: JP Morgan and Standard Life reconnect Brits with lost wealth August 24, 2026 Over £2bn in lost wealth was returned to savers in the first six months of the year, by firms including JP Morgan and Standard Life who want to reconnect Brits with lost money. The initiative, dubbed ‘Billions 4 Millions, returned £2.5bn in lost and uncliamed financial assets to consumers, spanning pensions, investments, savings and financial [...]
Burnham forgets, the Labour Party is a moral crusade or it is nothing August 24, 2026 Voters yearn for loftier ambitions. Burnham must think bigger, yes even than devolution, if he is to meaningfully win back the electorate.
HMRC mansion tax inspectors to target homes for property valuations August 23, 2026 HMRC will send mansion tax inspectors to homes across the UK to determine whether homeowners should pay more tax under the new levy. The taxman will deploy valuation agents who will be able to demand entry to properties in order to assess whether they are worth over £2m and therefore fall under The High Value [...]
Why Liverpool deal proves demand for Premier League stakes is soaring August 23, 2026 There is strong demand for English football stakes, writes Ed Barnett of Latham & Watkins, which advised the Amit Bhatia-led consortium on its acquisition of a minority stake in Liverpool. The recent sale of a stake in Liverpool FC to a consortium of investors led and managed by Amit Bhatia shows the summer’s biggest transfers [...]
Lord O’Neill declines job in Burnham government August 21, 2026 Former Goldman Sachs executive and Tory Treasury minister Lord Jim O’Neill has declined a job in Andy Burnham’s government, in a blow to the Prime Minister as he looks to woo business ahead of the Budget. O’Neill served as an informal economic adviser to Burnham before his election as Labour leader and had been in [...]