Ernst & Young (EY) is set to implement one of its most substantial partner redundancy initiatives in decades, aiming to safeguard profitability amid a sustained downturn in professional services demand. The firm plans to eliminate approximately 30 partner positions, predominantly … Read More
The group’s clustering strategy already saw the merging of several units in the Middle East and Africa. Last year KPMG UK also voted to merge with KPMG’s Swiss business KPMG is set to merge dozens of its national affiliates in … Read More
The sale of Grant Thornton UK to private equity firm Cinven could be seen as a watershed moment for the UK accountancy market. It’s not just the size, if reports of a £1.3bn deal are accurate, but the shift from … Read More
Alongside this, the total disclosed deal value also rose from £12.5bn in 2023 to £20.2bn in 2024 M&A activity in the UK’s financial services industry picked up in 2024, with a 26% year-on-year increase in the number of deals, according to … Read More
The Financial Reporting Council plans no additional staff hires in the next 12 months as it reins in costs after double hit from ‘unexpectedly high’ public sector pay rises and next year’s national insurance hike In a change of direction and … Read More
Discover why talent retention is the top challenge for UK accountancy firms and how they’re adapting to thrive in 2025 and beyond The biggest challenge facing UK accountancy firms isn’t macroeconomic uncertainty or regulatory compliance—it’s people. A striking 67% of … Read More