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...Wirecard was one of Germany’s most successful tech start-ups and at its peak in 2018 was worth €24bn, but it crashed into insolvency in June 2020 after disclosing that half of its revenue as well as most...
...Griggs will also scrap the “trust solutions” and “consulting solutions” brands in favour of “assurance” and “advisory”. Tax accounted for 26 per cent of the US firm’s revenue before the split....
...The firm has about 600 partners in the US and is the largest member of Grant Thornton International, a network of accounting firms that use a common brand and co-ordinate services worldwide....
...The profitable units, which account for three-quarters of its annual €2.6bn revenue, are now sitting in separate legal entities from its auditing business....
...amid a slowdown in demand for some of their services....
...That breaks a four-quarter streak of declining revenue....
...The performance was boosted by faster than expected growth in Alphabet’s Google Cloud services business, which reported revenue of $9.2bn, a 26 per cent rise from the same period last year....
...EY’s Italian arm posted revenues of €366mn last year, according to the firm’s latest transparency report, making it less than a tenth the size of the firm’s UK business....
...Accenture now expects full-year revenue growth in a range of 1 to 3 per cent, compared with previous estimates of 2 to 5 per cent....
...Revenue for the fourth quarter of the year was up 11 per cent to $9.29bn, which slightly exceeded expectations of $9.23bn....
...Chandra said that his firm, which employs about 200 people in 13 countries, expected to generate revenues of £137mn in its current financial year, which runs to June, up from £113mn a year earlier when it...
...Consulting revenues fell 3 per cent to $8bn while sales at its managed services, or outsourcing, division grew 3 per cent to $7.8bn....
...PwC’s Middle East operation, which forms part of its UK business, is poised to play a key role in electing the next leader of one of Britain’s largest professional services firms....
...Investment banking, meanwhile, had its best quarter in two years, with revenues of $2.1bn....
...By comparison, Kirkland & Ellis of the US, the world’s highest-grossing law firm, reported $6.5bn in revenue in 2022....
...FedEx moved most of the United States Postal Service air cargo nationwide....
...Amundi US will combine its $104bn of AUM, and its roughly $470mn of revenues, with Victory’s client assets (and $820mn revenues) to create a $279bn manager with distribution throughout the US and Europe....
...Revenues dropped 2 per cent to £4.3bn, as a “result of the impact of the challenging advertising market” alongside investment in its streaming services....
...When its FICC revenues soften, as they inevitably will, some other part of Goldman will probably pick up the slack....
...The 16 onshore ETF issuers in the market generated 32 per cent of their total revenue from ETF management fee income, as well as 40 per cent of their overall management fees, according to data from Keystone...
...EY had issued a series of unqualified audits for the disgraced payments group, missing that half of the revenue and the bulk of the profits did not exist....
...Its overall brokerage revenues grew 11 per cent and revenues per broker increased faster too. TP ICAP shares have underperformed BGC by half since the start of 2023....
...Several of the bank’s businesses — including credit cards and corporate transaction services — did better than expected in a quarter that many thought would be marred by the upheaval of the restructuring...
...In its letter to shareholders, Netflix said it was shifting its focus to engagement — the amount of time its subscribers spend on the service — while also developing new price points and sources of revenue...
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