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...Deloitte has taken on extra office space in central London less than two years after making cutbacks, in an about-turn that indicates staff in professional services are returning to the workplace more regularly...
...The former will house Deloitte’s mergers and acquisitions advisory services that has struggled amid a drought in dealmaking....
...Deloitte and KPMG declined to comment....
...More than 60 per cent of job cuts within “enterprise technology and performance” — part of Deloitte’s UK consulting business focusing on supply chains and IT services — are expected to be made to graduate...
...amid a slowdown in demand for some of their services....
...It has benefited from an EU directive adopted in 2018, gradually applied in member states, that requires a minimum 30 per cent of European works in the catalogues of streaming services....
...Deloitte, KPMG and McKinsey declined to comment. Not all Big Four firms have such rules on devices. A PwC spokesperson said it did not have such a policy....
...“This is particularly true for some US practices where service demand has decreased more than in Europe.” Deloitte’s US staff swelled from 65,000 to 80,000 between mid-2021 and mid-2022....
...The US audit regulator set up in the wake of Enron’s collapse two decades ago has set a record for fines in a single year, after a flurry of enforcement actions against accounting firms including PwC, Deloitte...
...Consultancies enjoyed a surge in demand for their services post-pandemic but have since been hit by rising costs, slower client demand and a glut of employees deciding to remain in their jobs as openings...
$60bn real estate vehicle is part of push to reach wealthy retail investors
...Deloitte is set to axe 100 more jobs in the UK as a prolonged slowdown in deals activity hits demand for some of its services....
...It is also retreating from acting as lead adviser on financial services and intellectual property deals....
...The adoption of AI comes at a time when professional services firms are seeking to reduce costs amid a slowdown in demand for some of their services in a difficult economic environment....
Plus, KKR’s Nuttall and Bae see dealmaking rebound and accountant retirees take on a private equity deal
...Some of our vehicles for institutional LPs historically would have one turn of leverage. And that oftentimes applies to our direct-lending business or private credit business....
US group Concord walks away from bidding war for London-listed music rights group
Small investors may find it hard to commit money for the traditional decade or so
...Under CVC’s ownership, Teneo has expanded into other areas through acquiring units carved out from larger corporations, including the purchase of the UK restructuring arm of Deloitte....
Offer for music rights group rises to $1.5bn as Apollo-backed investor beats rival’s bid
Effort to trump offer by Concord Chorus could trigger battle for music rights investor
...The deal was one of several recent examples of buyout firms investing in the professional services industry....
...“Tax and audit work is being replaced by technology and the lowest price is winning, hence the transformation to consulting and advisory services....
...services group....
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