Deloitte cuts 250 underperforming staff in UK October 23, 2024 Big Four firm Deloitte has cut 250 members of staff in the UK, as the firm embarks on yet another round of redundancies amidst profits stalling
ECB deadline for expressions of interest in Hundred passes today October 18, 2024 Today is a significant day for cricket and the financial security of the sport in England. Because at some point later today the deadline will pass for official expressions of interest in the eight for sale Hundred franchises. In a fund raise that the England and Wales Cricket Board hopes will generate close to £500m, [...]
EY pushes back graduate start dates as deals market slows October 13, 2024 Accounting giant EY has postponed the start dates for around 200 graduate hires as it grapples with a slowdown in business activity. New recruits set to begin their roles at the company’s strategy arm, EY-Parthenon, in the US next month or in January will now not be needed until mid-2024. To support affected recruits, EY [...]
Smaller firms eye chunk of Big Four’s audit work with uptick in clients September 30, 2024 Non-Big Four firms have experienced an uptick on audit work across FTSE 250 and all main market clients, as competition with the audit giants continues
Deloitte UK: Profit stalls as partners pocket £1m September 30, 2024 Revenue at Deloitte UK increased slightly by over two per cent but against the backdrop of its profits stalling following a challenging market
Big Four under pressure as government looks to slash £5.4bn consultant bill September 19, 2024 The UK government should review opportunities for further insourcing in management consultancy, a top think tank has urged, putting more pressure on the Big Four firms as Labour seeks to cut spending.
Deloitte to be first Big Four firm to offer 26 weeks of equal parental leave September 16, 2024 Deloitte, one of the Big Four firms, has equalised paid parenting leave in the UK with a new policy that will allows all parents to be eligible for 26 weeks’ fully paid leave
Sky hopes Ofcom broadband reforms will attract more customers September 12, 2024 British telecom companies have long been dogged by a reputation for poor customer service and complicated processes.
Public sector spending on consultants hits record high despite efforts to cut August 23, 2024 Public sector spending on management consultants has ballooned to a near-record high this year despite efforts to cut reliance on the expensive sector. Fees to consultants from central government, local authorities and other departments swelled to an estimated £3.4bn in the last fiscal year between 2023 and 2024, a rise of 12 per cent on [...]
FRC: Audit regulator’s review flags troubling performance by BDO and Mazars July 30, 2024 The Financial Reporting Council (FRC) has published its Annual Review of Audit Quality, highlighting troubling performance from audit firms BDO and Mazars
