Hays: Recruitment giant’s shareholders stage major revolt against PwC November 20, 2024 Shareholders in recruitment giant Hays have staged a major protest over the reappointment of PwC as its auditor. Just over 20 per cent voted against the reappointment of the accountancy giant to the role it has served since 2016 at Hays’ annual general meeting. At the same meeting, 19.8 per cent of shareholders voted against [...]
UK suffering from ‘vibecession’ ahead of the Budget, PwC says October 24, 2024 The firm's latest consumer sentiment survey dipped to -8 at the end of September, its lowest point this year.
EY reports single-digit growth as workforce figure drops October 17, 2024 EY's revealed its global results showing single-digit growth for the Big Four firm, against the backdrop of smaller headcount
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
How to tell the right story on executive pay September 29, 2024 Ten years on from new reporting requirements on executive pay, companies have a chance to use their Directors’ Remuneration Reports to explain their decision making to stakeholders, says PwC’s Dan Harris It’s been over a decade since the government overhauled the requirements on what public companies have to report on directors’ remuneration. A key aim [...]
PwC UK profit falls as partner pay drops to £862,000 against backdrop of AI push September 25, 2024 PwC UK has reported single-digit growth in revenue but on the backdrop of the groups profits and partner pay dropping, again
Summer of sport helps provide respite but insolvency trend continues September 20, 2024 A summer of sport and warmer weather helped provide some respite to the retail and hospitality industries in England and Wales helped the number of insolvencies dip last month compared to July, according to new figures. Around 10,000 individuals entered insolvency in August 2024, five per cent lower than July’s total but 16 per cent [...]
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.
Schroders promotes former PwC executive to top job as Harrison steps down September 10, 2024 Schroders has confirmed the promotion of its finance chief to the top job today as long-time boss Peter Harrison prepares to step down in November. In a statement to the market, the FTSE 100 asset manager said Richard Oldfield, who has served as chief financial officer since last year, will take over the reins from [...]
PwC UK orders staff to spend more time in office and meet clients in person September 5, 2024 PwC UK has ordered staff to spend more time in the office and meet clients in person, as the accounting giant becomes the latest firm to adopt tighter rules on working from home. The Big Four firm told its employees and partners on Thursday that its new hybrid working policy would require them to spend [...]