EY to brief UK partners on plans to split up business in biggest Big Four shakeup in decades June 30, 2022 EY is set to brief its UK partners on plans to break up the firm as the accounting firms pushes forwards with plans for the biggest shakeup in the Big Four for decades. The Big Four accountancy firm has invited more than 780 of its UK partners to a summit at a central London hotel, [...]
UK’s charity watchdog opens probe into Captain Tom Foundation June 30, 2022 The UK’s charities watchdog has launched an investigation into The Captain Tom Foundation, over concerns about potential conflicts of interest involving the late Army officer’s family. The Charity Commission today said it had opened an inquiry into The Captain Tom Foundation over concerns about the charity’s management. The watchdog said a company that is controlled [...]
UK doubles support for Ukraine with £1bn military aid June 30, 2022 THE UK has pledged to give an extra £1bn in military aid to support the Ukrainian war effort, Boris Johnson said at the NATO Leader’s Summit yesterday. The extra money will almost double the total sums Britain has given in military aid to Ukraine so far, in bringing the total amount to £2.3bn. The UK’s extra [...]
UK should ban facial recognition technology until clear legal framework is set, new report says June 29, 2022 The UK should ban all use of facial recognition technology until a clear legal framework has been developed to regulate it, an independent report has said. A new report from the Ada Lovelace Institute has said there is an “urgent” need for a new framework governing “biometric” technologies – including facial recognition technologies – before [...]
Slater & Gordon shakes up boardroom after setting out plans to split June 29, 2022 Slater & Gordon has said company chief executive David Whitmore will step down from his position, after setting out plans to split its business in two, with a view to separating its “essential” and “specialist” legal services segments. The law firm said Whitmore – who took up his CEO role in January 2018 – will [...]
Government strengthens judges powers to grant access to online court hearings June 29, 2022 The government has given courts new powers to let journalists and members of the public watch court hearings online. The Police, Crime, Sentencing, and Courts Act, which came into force yesterday, will give judges in courts and tribunals the power to let reporters and others tune into hearings remotely. The new powers come as a [...]
PwC hires 50 ESG focused interns as Big Four seek to capitalise on sustainability push June 29, 2022 PwC is set to bring in 50 new interns entirely focused on climate and ESG amid a race amongst the world’s biggest companies to capitalise on the rise of sustainability reporting. The Big Four firm said 50 of its 500 new interns will be focused on matters concerning ESG. PwC’s ESG chief Zubin Randeria said [...]
Capita posts ‘strong’ first half results as BBC TV licensing contract boosts outsourcer’s revenues June 29, 2022 Capita today posted “strong” results for the first half of 2022, after a series of “significant” government contracts boosted its H1 revenues. The outsourcing company said trading in the first half of 2022 sat in line with expectations, as it said its revenues were bolstered by the renewal of a £456m contract to run the [...]
Employers could be sued if they cut remote and hybrid workers salaries, lawyers say June 28, 2022 Employers giving pay cuts to remote and hybrid workers could face discrimination lawsuits, employment lawyers have said. Companies that pay higher salaries to workers who come into the office risk being subject to sexual discrimination lawsuits, due to the fact women are more likely to work from home than men, lawyers told Morning Wire Fiona [...]
EY agrees record $100m settlement with US regulator over ethics exam cheating scandal June 28, 2022 EY has reached $100m (£82m) settlement with the US Securities and Exchanges Commission (SEC) over claims the Big Four firm’s auditors cheated on accounting exams and later misled the watchdog’s investigators. The US financial watchdog said in a statement that EY had agreed to pay the highest penalty ever imposed on an audit firm by [...]