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ITV buys stake in ‘Teen Wolf’ firm

Blackstone set to relaunch Hilton as a public company

One of the largest leveraged buyouts of the pre-crisis era is about to come full circle, after the private-equity group Blackstone yesterday gave notice of plans to bring Hilton back to the stock markets as it looks to take advantage of the revival in the hotel industry.

Deloitte fined record £14m over MG Rover advice

Accountants Deloitte were today punished with a record £14 million fine for failing to manage conflicts of interest over their advice to collapsed car maker MG Rover.

PwC warns that reforms will cost it audit clients

PricewaterhouseCoopers chairman Ian Powell has warned that the accountant will lose audit clients following a sea-change in the way the market operates, despite announcing that 874 partners have pocketed an average of £705,000 each in 2013.

Big Four's hold on the FTSE

Around 80 per cent of chartered accountants who hold FTSE 100 finance director roles are alumni of the "Big Four" which dominate the bean-counting industry, according to research passed to The Independent on Sunday.

Finance bosses puzzled by audit reform plans

The finance bosses of the country’s biggest firms have claimed that they “don’t understand” the Competition Commission’s hard-hitting proposals to reform the audit market, which is dominated by just four accountants.

Auditor KPMG faces axe from standard chartered

Standard Chartered looks set to dump KPMG as its auditor after four decades of checking the bank’s books, as the seemingly cosy relationship between big business and their accountants is smashed in the wake of the financial crisis.

A view of the track at Silverstone

Exclusive: Silverstone sold - paving way for redevelopment at home of British Grand Prix

The identity of the buyer is unknown, although believed to be a real estate firm

Hobbs sale looks unlikely as finance director departs

The finance director of Hobbs is leaving the fashion retailer, dampening speculation that the private-equity-backed chain will be put up for sale in the near future.

James Ashton: Young high-flyers just want to count beans

Outlook When I was a student, spending more time scribbling for the university newspaper than leafing through great literary works, PricewaterhouseCoopers was a godsend. The accounting firm always placed with us the largest advert of any recruiter to plug its milk-round days, money that shored up The Chronicle's finances on more than one occasion.

The Business Matrix: Wednesday 31 July 2013

Profits down a fifth at Drax 

Regulator accused of £110m error

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

The Business Matrix: Saturday 27 July 2013

Activision set to go independent

Financial sector could lift GDP 3% if allowed to flourish – report

As many as 265,000 more jobs could be created by the financial services sector by 2020, a study claims today.

Boost for women in boardroom as companies seek fresh skills

More first-timers and more women are joining the upper ranks of Britain’s biggest companies, offering fresh evidence that the make-up of blue-chip boardrooms is changing for good.

The Business Matrix: Monday 22 July 2013

Finance sector ‘to lift economy’

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