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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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Israel-Gaza conflict: No victory for Israel despite weeks of death and devastation

Robert Fisk: No victory for Israel despite weeks of devastation

Palestinians have won: they are still in Gaza, and Hamas is still there
Mary Beard writes character reference for Twitter troll who called her a 'slut'

Unlikely friends: Mary Beard and the troll who called her a ‘filthy old slut’

The Cambridge University classicist even wrote the student a character reference
America’s new apartheid: Prosperous white districts are choosing to break away from black cities and go it alone

America’s new apartheid

Prosperous white districts are choosing to break away from black cities and go it alone
Amazon is buying Twitch for £600m - but why do people want to watch others playing Xbox?

What is the appeal of Twitch?

Amazon is buying the video-game-themed online streaming site for £600m - but why do people want to watch others playing Xbox?
Tip-tapping typewriters, ripe pongs and slides in the office: Bosses are inventing surprising ways of making us work harder

How bosses are making us work harder

As it is revealed that one newspaper office pumps out the sound of typewriters to increase productivity, Gillian Orr explores the other devices designed to motivate staff
Manufacturers are struggling to keep up with the resurgence in vinyl records

Hard pressed: Resurgence in vinyl records

As the resurgence in vinyl records continues, manufacturers and their outdated machinery are struggling to keep up with the demand
Tony Jordan: 'I turned down the chance to research Charles Dickens for a TV series nine times ... then I found a kindred spirit'

A tale of two writers

Offered the chance to research Charles Dickens for a TV series, Tony Jordan turned it down. Nine times. The man behind EastEnders and Life on Mars didn’t feel right for the job. Finally, he gave in - and found an unexpected kindred spirit
Could a later start to the school day be the most useful educational reform of all?

Should pupils get a lie in?

Doctors want a later start to the school day so that pupils can sleep later. Not because teenagers are lazy, explains Simon Usborne - it's all down to their circadian rhythms
Prepare for Jewish jokes – as Jewish comedians get their own festival

Prepare for Jewish jokes...

... as Jewish comedians get their own festival
SJ Watson: 'I still can't quite believe that Before I Go to Sleep started in my head'

A dream come true for SJ Watson

Watson was working part time in the NHS when his debut novel, Before I Go to Sleep, became a bestseller. Now it's a Hollywood movie, too. Here he recalls the whirlwind journey from children’s ward to A-list film set
10 best cycling bags for commuters

10 best cycling bags for commuters

Gear up for next week’s National Cycle to Work day with one of these practical backpacks and messenger bags
Paul Scholes: Three at the back isn’t working yet but given time I’m hopeful Louis van Gaal can rebuild Manchester United

Paul Scholes column

Three at the back isn’t working yet but given time I’m hopeful Louis van Gaal can rebuild Manchester United
Kate Bush, Hammersmith Apollo music review: A preamble, then a coup de théâtre - and suddenly the long wait felt worth it

Kate Bush shows a voice untroubled by time

A preamble, then a coup de théâtre - and suddenly the long wait felt worth it
Robot sheepdog technology could be used to save people from burning buildings

The science of herding is cracked

Mathematical model would allow robots to be programmed to control crowds and save people from burning buildings
Tyrant: Is the world ready for a Middle Eastern 'Dallas'?

This tyrant doesn’t rule

It’s billed as a Middle Eastern ‘Dallas’, so why does Fox’s new drama have a white British star?