Deloitte puts its restructuring business up for sale & more…Keep up with the latest accountancy and finance news in our weekly news round-up…
Deloitte has put its UK restructuring practice up for sale following concern among its senior executives that it has become too difficult to manage conflicts of interests, said two people familiar with the decision.
Caffe Nero has become the latest high street coffee chain to seek rent cuts from landlords amid tough new restrictions that could hamper the hospitality sector’s recovery from COVID-19.
Ernst & Young reported Thursday that its global revenues grew 4.1% in the fiscal year ending June 30, 2020, despite the impact of the novel coronavirus pandemic.
The UK economy is unlikely to reach its pre-Covid level until early 2023, according the new forecasts. KPMG’s latest quarterly economic outlook forecasts UK GDP will plunge 10.3% for the year, downgraded from the 7.2% predicted in June.
Deutsche Bank’s asset management arm DWS has abandoned EY as its auditor as a result of the scandal at payments processor Wirecard, which collapsed in June following a €1.9bn fraud.
The Court of Appeal has dismissed any attempt by Grant Thornton to overturn a record £22.6m claim for damages brought by former client AssetCo over the firm’s failure to spot a fraud at the AIM listed company, which nearly collapsed as a result of an accounting scandal.