Keep up with what’s been happening this week in our finance and accountancy news round-up…

 

Confidence among UK business leaders falls after months of gains

UK bosses were markedly more pessimistic about the economy in May than a month earlier, a new survey has shown, ending a trend of rising confidence levels since the start of the year.

Up to 3,000 betting shops to close

William Hill’s decision to close 700 shops could be the beginning of a wave of High Street betting shop closures, an analyst has warned.

Grant Thornton sells £1.7bn wealth advisory arm to focus on “core markets”

Grant Thornton has confirmed the acquisition of its wealth advisory business by 1825, Standard Life’s wholly owned financial planning and advice business.

Deloitte fined £4.2m over Serco tagging scandal

Deloitte has been fined £4.2m by the accounting watchdog and severely reprimanded for its audit of Serco’s Georgrafix division during the outsourcing firm’s electronic tagging scandal.

PwC and British Athletics go for gold

The Big Four firm has teamed up with British Athletics to help the Olympic and Paralympic games governing body to improve performance.

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