Leadership &amp; Management

Image for pwc posts 3 rise revenues 8 fall profits

Finance | PwC posts 3% rise in revenues, 8% fall in profits

In common with others of the Big Four, PwC acknowledged this year’s financial results have been impacted by Covid, with revenues up by 3% at £4,380m but profits falling 8%, resulting in a 10% cut to partner payouts

18 Dec 2020

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Business | People in the news: Diverso, Hentons, Grant Thornton

In this week’s accountancy career moves, partner appointments at Diverso and Hentons, 12 named in Grant Thornton Inclusion Advisory Board, and two senior finance hires at Fortus

18 Dec 2020

Image for accountancy jobs 2021 covid catalyst

Business | Accountancy jobs in 2021: Covid catalyst

What will be the employment trends in watch out for in 2021? Matt Weston, head of recruiters Robert Half sees Covid-19 as a catalyst for business transformation, with accountants at the forefront of a changing environment

18 Dec 2020

Image for ey reports 5 growth face covid 19 disruption

Business | EY reports 5% growth in face of Covid-19 disruption

EY has reported a 5% increase in UK fee income over the past year, buoyed by the firm’s pre-pandemic performance, but average profit per partner has dropped to £667,000 and an additional 10% of partner distributions have been retained due to continuing Covid-19 uncertainty

17 Dec 2020

Image for london put under tighter covid restrictions

Business | London put under tighter Covid restrictions

All 32 London boroughs, the City of London, and parts of both Essex and Hertfordshire, are to be under the strictest of the three levels of coronavirus restrictions from tomorrow, the government has announced

15 Dec 2020

Image for beyond brexit hiring employees after immigration rules change

Business | Beyond Brexit: hiring employees after immigration rules change

The end of freedom of movement and changes to immigration rules effective from 1 January 2021 affect employee recruitment, while travel limits for business travel also need to be factored in. Lindsey Barras, immigration lead at PwC UK, sets out five tips for employers

14 Dec 2020

Image for bdo does u turn ps41m furlough repayments

Business | BDO does U-turn on £4.1m furlough repayments

BDO has bowed to public pressure and announced it is to return £4.1m of furlough money back to the government, after facing a backlash when the mid-tier firm revealed its partners were receiving more than £500,000 each on average

14 Dec 2020

Image for people news thomas westcott johnston carmichael acca

Business | People in the news: Thomas Westcott, Johnston Carmichael, ACCA

In this week’s accountancy career moves, partner appointments at Thomas Westcott and ReSolve, three office heads named at Johnston Carmichael, and two directors appointed at ACCA

11 Dec 2020

Image for only nine ftse 100 boards have board gender equality

Business | Only nine FTSE 100 boards have board gender equality

Five years after the government set a target for 33% female representation on the boards of all FTSE 350 companies, just nine of the UK’s top companies have an equal gender split

4 Dec 2020

Image for audit reform will fail without fundamental overhaul warns icaew

Finance | Audit reform will fail without fundamental overhaul, warns ICAEW

ICAEW has published a manifesto setting out its vision for the future of audit, saying the success of any changes to firm structure and regulation depends on a clearer understanding of the role and purpose of audit

4 Dec 2020

Image for people news knill james saffery champness govgrant

HR | People in the news: Knill James, Saffery Champness, GovGrant

In this week’s accountancy career moves, partner promotions at Knill James, chairman re-elected at Saffery Champness, senior tax manager at GovGrant, and directors named at Haysmacintyre

4 Dec 2020

Image for uhy hacker young signals growth plan manchester team

Business | UHY Hacker Young signals growth plan for Manchester team

As the government commits to a ‘levelling up’ agenda post-Covid, top 20 firm UHY Hacker Young has revealed ambitious expansion plans with a commitment to grow the audit team in its Manchester office by up to 20%

4 Dec 2020

Accountancy Firms

Image for restrictive employment clauses may be scrapped

Finance | Restrictive employment clauses may be scrapped

The government is planning to crack down on restrictive employment contracts for low paid workers as well as reviewing non-compete clauses, which are popular in the legal and IT sectors

4 Dec 2020

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Business | Debt trap to fuel M&A and equity deals

Rising corporate debt must be tackled before it becomes a millstone, but uncertainty and limited refinancing options could lead a wave of distressed M&A or increased debt to equity swaps, warns Mayer Brown’s Trevor Borthwick

3 Dec 2020

Image for retailer arcadia teetering towards administration

Business | Retailer Arcadia teetering towards administration

Fears are growing that Arcadia group, which includes high street retailers Topshop, Burton and Dorothy Perkins, will go into administration this week, putting 13,000 jobs at risk

30 Nov 2020

Restructuring & Insolvency