Evelyn Partners Group has agreed to sell its accounting business to funds advised by Apax Partners. While the transaction is subject to regulatory approval, on clearing in the first quarter of 2025, it will create a new audit firm of more than 1,600 staff. Paul Geddes, CEO of Evelyn Partners, commented, “The exciting transaction we...
Category: Bussiness
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Amazon workers in more than 20 countries set to protest during Black Friday and Cyber Monday, organizers say
Amazon workers in more than 20 countries, including the United States and the United Kingdom, plan to hold protests or go on strike between Black Friday and Cyber Monday, two of the marquee shopping promotions of the year, according to organizers. The planned “Make Amazon Pay” demonstrations are intended to “hold Amazon accountable for labor...
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Grant Thornton joins forces with private equity firm Cinven
Grant Thornton has secured a major new funding deal with Cinven. The private equity investment follows a similar move by the professional services network’s US member earlier in 2024. Malcolm Gomersall, CEO of Grant Thornton UK, said, “This investment in our business is a testament to the hard work of everyone at Grant Thornton UK...
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Rachel Reeves says there will be no more tax increases on UK business
Chancellor Rachel Reeves told sceptical corporate leaders on Monday there would be no more tax rises on British businesses, as she insisted there was no alternative to the £40bn increase in taxes in last month’s Budget. She said at the CBI annual conference she had no regrets about her fiscal decisions, even as some executives...
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McVitie’s parent firm warns UK investment case ‘harder to understand’
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Von Mesterhazy named as new MD for Allianz UK Specialty business – Reinsurance News
Allianz UK has announced the appointment of Isabella Von Mesterhazy as Managing Director for its Specialty business, effective 1 December 2024, subject to regulatory approval. Von Mesterhazy will be taking over the role from Kieran O’Keeffe, incumbent MD for Specialty, who will be retiring at the end of the year. In her new role, Von...
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Capco partners with Natwest for connectivity changes
Professional services firm Capco has announced a new partnership with NatWest. Advisors from the company will now help the bank to facilitate customer, operational and infrastructure opportunities, as the financial industry moves to adopt a raft of new regulatory standards. Richard Lewis, head of client service excellence at Capco, said, “We are delighted to bring...
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Software company providing services to US and UK grocery stores says it was hit by ransomware attack | CNN Business
CNN — A major software supply-chain company, which counts US and UK grocery stores and Fortune 500 firms as clients, said it was hit by a ransomware attack this weekend. The hackers hit Blue Yonder — an Arizona-based software firm acquired by Panasonic in 2021 — affecting a private cloud computing service the company provides...
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Russia ready to wage cyber war on UK, minister to say
Russia is ready to carry out cyber attacks on the United Kingdom and other allies in a bid to weaken support for Ukraine, a senior minister will warn later. Chancellor of the Duchy of Lancaster Pat McFadden is set to tell a Nato meeting that the Kremlin could target British businesses and leave millions without...
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Deloitte accelerates UK layoffs with fresh redundancy-round
The UK wing of Deloitte’s global network is said to be set to lay off around 180 employees. Reports in the British press note that the job-losses will come at the expense of the Big Four firm’s strategy, risk and transactions division, and its technology and transformation division. Major consulting firms have struggled to adjust...
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Dumbarton Football Club brings in Quantuma for administration
Historic Scottish football club Dumbarton FC has entered administration, amid concerns over its long-term future. Professionals from Quantuma will now assess the viable options available to the club, as it continues to compete in the third tier of Scotland’s football pyramid. Ian Wright, Quantuma managing director and joint administrator, stated, “As administrators, we will be...
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United States, China, and United Kingdom Lead the Global AI Ranking According to Stanford HAI’s Global AI Vibrancy Tool
Article content India and the United Arab Emirates round out the top five in global AI leadership rankings STANFORD, Calif. — The Stanford Institute for Human-Centered AI (HAI) AI Index today released its Global AI Vibrancy Tool which allows flexible comparisons of 36 countries based on 42 openly available AI-specific indicators. Comparisons between countries can...