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.

Voices
Mosul dam was retaken with the help of the US
voicesRobert Fisk: Barack Obama is following the jihadists’ script
Arts and Entertainment
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A cleaner prepares the red carpet for the opening night during the 59th International Cannes Film Festival May 17, 2006 in Cannes, France.
newsPowerful vacuum cleaners to be banned under EU regulations
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A polar bear’s diet is rich in seal blubber and half of its own body weight is composed of fat
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Life and Style
fashion David Beckham fronts adverts for his underwear collection
Travel
Flocking round: Beyoncé, Madame Tussauds' latest waxwork, looking fierce in the park
travelIn a digital age when we have more access than ever to the stars, why are waxworks still pulling in crowds?
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Air strikes? Talk of God? Obama is following the jihadists’ script

Air strikes? Talk of God? Obama is following the jihadists’ script

The President came the nearest he has come yet to rivalling George W Bush’s gormless reaction to 9/11 , says Robert Fisk
Ebola outbreak: Billy Graham’s son declares righteous war on the virus

Billy Graham’s son declares righteous war on Ebola

A Christian charity’s efforts to save missionaries trapped in Africa by the crisis have been justifiably praised. But doubts remain about its evangelical motives
Jeremy Clarkson 'does not see a problem' with his racist language on Top Gear, says BBC

Not even Jeremy Clarkson is bigger than the BBC, says TV boss

Corporation’s head of television confirms ‘Top Gear’ host was warned about racist language
Nick Clegg the movie: Channel 4 to air Coalition drama showing Lib Dem leader's rise

Nick Clegg the movie

Channel 4 to air Coalition drama showing Lib Dem leader's rise
Philip Larkin: Misogynist, racist, miserable? Or caring, playful man who lived for others?

Philip Larkin: What will survive of him?

Larkin's reputation has taken a knocking. But a new book by James Booth argues that the poet was affectionate, witty, entertaining and kind, as hitherto unseen letters, sketches and 'selfies' reveal
Madame Tussauds has shown off its Beyoncé waxwork in Regent's Park - but why is the tourist attraction still pulling in the crowds?

Waxing lyrical

Madame Tussauds has shown off its Beyoncé waxwork in Regent's Park - but why is the tourist attraction still pulling in the crowds?
Texas forensic astronomer finally pinpoints the exact birth of impressionism

Revealed (to the minute)

The precise time when impressionism was born
From slow-roasted to sugar-cured: how to make the most of the British tomato season

Make the most of British tomatoes

The British crop is at its tastiest and most abundant. Sudi Pigott shares her favourite recipes
10 best men's skincare products

Face it: 10 best men's skincare products

Oscar Quine cleanses, tones and moisturises to find skin-savers blokes will be proud to display on the bathroom shelf
Malky Mackay allegations: Malky Mackay, Iain Moody and another grim day for English football

Mackay, Moody and another grim day for English football

The latest shocking claims do nothing to dispel the image that some in the game on these shores exist in a time warp, laments Sam Wallace
La Liga analysis: Will Barcelona's hopes go out of the window?

Will Barcelona's hopes go out of the window?

Pete Jenson starts his preview of the Spanish season, which begins on Saturday, by explaining how Fifa’s transfer ban will affect the Catalans
Middle East crisis: We know all too much about the cruelty of Isis – but all too little about who they are

We know all too much about the cruelty of Isis – but all too little about who they are

Now Obama has seen the next US reporter to be threatened with beheading, will he blink, asks Robert Fisk
Neanderthals lived alongside humans for centuries, latest study shows

Final resting place of our Neanderthal neighbours revealed

Bones dated to 40,000 years ago show species may have died out in Belgium species co-existed
Scottish independence: The new Scots who hold fate of the UK in their hands

The new Scots who hold fate of the UK in their hands

Scotland’s immigrants are as passionate about the future of their adopted nation as anyone else
Britain's ugliest buildings: Which monstrosities should be nominated for the Dead Prize?

Blight club: Britain's ugliest buildings

Following the architect Cameron Sinclair's introduction of the Dead Prize, an award for ugly buildings, John Rentoul reflects on some of the biggest blots on the UK landscape