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

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.

Ladbrokes loses auditor in its bid to catch main rival William Hill

Ladbrokes has dumped its auditor as the bookie looks to close the gap on fierce rival William Hill.

Grant Thornton smashes into Big Four’s territory

Grant Thornton will double its FTSE 250 audit work by 2017 following hard-hitting reforms by regulators to smash the dominance of the Big Four accountants, the bean-counter’s chief executive has claimed.

Regulator accused of £110m error

Competition Commission's audit reform costs 'materially' underestimated, claim Big Four

Royal Wedding boosted sales, but not for long

Economists urged "extreme caution" about reading too much into a strong rebound in retail sales last month, as chains were boosted by the hottest April on record, a glut of bank holidays and the Royal Wedding.

Auditors under fire over role in bank crisis

Peers call for competition inquiry into 'oligopoly' of Big Four firms

Who are the winners and losers in Osborne's Budget for growth?

The Chancellor's attempt to kick-start the economy has had a mixed reception from the business community.

Legal endgame looms over remains of Stanford empire

A monumental legal battle over the liquidation of the business empire of alleged fraudster Sir Allen Stanford will come to a head in the Caribbean courts this month.

Sales boost for retailers ahead of crucial weekend

The hopes of retailers ahead of the busiest shopping weekend of the year were raised yesterday by official figures suggesting sales were resilient in November, despite the snow disruption at the end of the month.

Investment Column: Mouchel is a haven from the spending cuts

Hargreaves Lansdown; Vertu Motors

Financial services set for slowdown

Bounce in activity in second half of 2009 not expected to be maintained

Auditors under attack as the recession exposes failings

Watchdog says number of investigations has doubled as PwC is added to the list

So just whose pips will the Chancellor squeeze?

For 30 years the ranks of the rich have swollen while politicians turned their fire on other targets. Andy McSmith reports on the prosperous tribes for whom the taxman cometh

Housing: New homes to help first-time buyers

The GOvernment hopes to revive Britain's housing market with a series of initiatives to support homeowners, buyers and builders – but experts warned the measures were not enough on their own to generate a recovery.

High earners: Wealthy few to take the first hit from tax increases

Top rate rises to 50 per cent, while relief on pension contributions is cut

'No win, no fee' firm in line for auction

LDC, the private equity arm of Lloyds TSB, has hired PricewaterhouseCoopers (PWC) to look at a £90m sale of National Accident Helpline.

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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
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Ukraine crisis: The phoney war is over as Russian troops and armour pour across the border

The phoney war is over

Russian troops and armour pour into Ukraine
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Potatoes could be off the menu as crop pests threaten UK

The world’s entire food system is under attack - and Britain is most at risk, according to a new study
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Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Seoul's plastic surgery industry is booming thanks to the popularity of the K-Pop look
From Mozart to Orson Welles: Creative geniuses who peaked too soon

Creative geniuses who peaked too soon

After the death of Sandy Wilson, 90, who wrote his only hit musical in his twenties, John Walsh wonders what it's like to peak too soon and go on to live a life more ordinary
Caught in the crossfire of a cyber Cold War

Caught in the crossfire of a cyber Cold War

Fears are mounting that Vladimir Putin has instructed hackers to target banks like JP Morgan
Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years

Salomé: A head for seduction

Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years. Now audiences can meet the Biblical femme fatale in two new stage and screen projects
From Bram Stoker to Stanley Kubrick, the British Library's latest exhibition celebrates all things Gothic

British Library celebrates all things Gothic

Forthcoming exhibition Terror and Wonder: The Gothic Imagination will be the UK's largest ever celebration of Gothic literature
The Hard Rock Café's owners are embroiled in a bitter legal dispute - but is the restaurant chain worth fighting for?

Is the Hard Rock Café worth fighting for?

The restaurant chain's owners are currently embroiled in a bitter legal dispute
Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival

In search of Caribbean soul food

Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival
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11 best face powders

Sweep away shiny skin with our pick of the best pressed and loose powder bases
England vs Norway: Roy Hodgson's hands tied by exploding top flight

Roy Hodgson's hands tied by exploding top flight

Lack of Englishmen at leading Premier League clubs leaves manager hamstrung
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Di Maria and Ronaldo: A tale of two Manchester United No 7s

They both inherited the iconic shirt at Old Trafford, but the £59.7m new boy is joining a club in a very different state
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