Keep up with the latest finance and accountancy news in our weekly round-up…

 

UK economy shrinks 20% in April lockdown in worst ever month

The UK economy shrank by a record 20% in the first full month of lockdown as shops sent workers home to close for the duration of April.

Accountancy sector shows shift away from small firms and sole traders

Cashflow fintech Float has reported a significant shift in the accountancy sector away from sole traders and smaller firms towards mid to large players.

Deloitte predicts Premier League clubs will lose £1bilion revenue this season

Premier League clubs are set for a loss of £1billion in revenue in their 2019-20 accounts due to the coronavirus pandemic, financial services firm Deloitte has predicted.

Coronavirus: Intu ‘administrator’ seeks £12m funding

KPMG is seeking a multimillion pound funding line to keep some of the country’s best-known malls open during an insolvency process.

BDO becomes second-largest auditor of listed UK companies

BDO now audits the second-highest number of listed companies in the UK as moves to shake up the sector have driven an increasing number of companies to firms outside the Big Four.

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