News

Unilever has announced plans to ditch PricewaterhouseCoopers after 27 years and is set to move its  £18 million a year audit to rival KPMG.

Mr Michaels has only targeted increasing BDO's market share in the FTSE 350 from 3 per cent to 5 per cent by 2018

'Another decade of prejudice' against mid-tier accountants

Accountants outside of the industry’s ‘Big Four’ will continue to suffer from “institutional prejudice” for another decade despite incoming regulatory reforms, the managing partner of BDO has warned.

Last reel: Cineworld told to sell three cinemas

Cineworld has been told to sell three of its cinemas to appease regulators' concerns over its £4m takeover of the arthouse chain Picturehouse.

An exterior view of the Santiago Bernabeu stadium

European Commission under fire over €22m Real Madrid illegal state aid deal

Real Madrid alleged to have colluded with city council over price of land around Bernabeu

Ryanair to fight Aer Lingus block

Ryanair is to appeal against the European Commission's decision to block its proposed bid for Aer Lingus.

Anthony Hilton: Shared audits add up to a sensible solution

Lunch on Wednesday with Michael Snyder, chair of the Professional and Businesses Services Group, one of the network of advisory committees for government. He, in his day job, is long-time head of Kingston Smith, a mid-sized accounting firm.

Philips moves from audio to physio

Philips Electronics was once one of the world’s largest manufacturers of television sets and video gadgets but today it all but admitted defeat, selling a key business and vowing to focus on healthcare and wellbeing.

Current account best deals: Banks are not doing enough to help consumers make right choice, says OFT

Banks are still not doing enough to help consumers find the best deals in the current account market, the Office of Fair Trading (OFT) said today.

Mining: Chinese give green light to 'mega-merger'

The mining and commodities giants Glencore and Xstrata are within a whisker of consummating their £56bn "mega-merger" after China indicated that its regulator had no reason to oppose the deal.

Glencore extends Xstrata merger deadline

Lengthy antitrust regulatory processes in China and South Africa have forced commodities trader Glencore to delay the date for completion of its tie-up with miner Xstrata until the end of January.

Cinema giants eye Berlusconi chain The Space Cinema

Britain's three biggest cinema chains are considering bids for a group of picture houses owned by disgraced former Italian prime minister Silvio Berlusconi and fashion house Benetton.

What the Sunday Papers said

The Independent on Sunday: Critics of Big Four audit firms see evidence of 'closed shop'

What the Sunday Papers said

The Independent on Sunday: Big four auditors face monopoly interrogation

OFT fees hike 'threatens merger regulation'

The Office of Fair Trading has quietly increased fees to investigate small mergers by one-third, which critics argue could result in fewer anti-competitive deals being referred to competition regulators.

OFT's new boss on big pay cut

The Office of Fair Trading's new boss will take up the reins of the trading watchdog on less than half the salary of his predecessor, it emerged yesterday.

Google could be abusing position, says Brussels

The European Commission has given Google "a matter of weeks" to change its internet search policy after Brussels regulators ruled that the US web giant could be abusing its dominant position.

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