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...EY’s audits of collapsed payments group Wirecard were “at the very least” negligent and in some cases grossly negligent, according to people with direct knowledge of the details of an investigation by the...
...Should the professional service firm be sentenced to pay damages to Wirecard shareholders, it could shift its existing audit business into the new entity and declare the old one insolvent, he warned....
...Royal Mail owner International Distributions Services has rejected a £4.5bn takeover approach by Czech billionaire Daniel Křetínský’s investment group, calling the timing of the bid “opportunistic”....
...CT Group said the Kazakov side had “used the UK courts to launch an unprecedented and unfounded attack on CT and its integrity”....
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...Kyndryl is listed in New York and has partnerships with Microsoft, Google Cloud and Amazon Web Services....
...John Wood Group, the FTSE 250 engineering services company, should either move its listing to the US or consider a sale, activist investor Sparta Capital Management said on Tuesday....
...Oilfield services groups were hesitant to leave Russia amid a western exodus following the full-scale invasion in February 2022....
...Private equity group Carlyle and Abu Dhabi investment group IMI have agreed a fresh debt funding package for the Barclay family’s Very Group, the Liverpool-based retail and financial services group....
...An offer would place an enterprise value of between €1.5bn and €1.8bn on BDS, the French group’s big data and security unit, it said....
...Crédit Agricole said on Monday that the deal, which builds on a partnership agreement announced last April, would lead to the creation of “a major player in payment services for merchants in France”....
...The approach underlines private equity interest in the sector and comes after several firms made investments in professional services businesses in the US and Europe....
...Since White joined the mutual in 2020 from media regulator Ofcom, she has set out to substantially increase the profits the group makes from financial services and building rental homes on its property,...
...A wave of insurance brokerages including Hub Group and Integrity Marketing Group have taken private equity cash....
...failed to request crucial account information from a Singapore bank where Wirecard claimed the cash was deposited — a routine audit procedure that could have uncovered the vast fraud at the German payments group...
...Trump Media & Technology Group engaged WithumSmith+Brown to check its financial statements shortly after the company was founded in 2021, but by the end of the year the accounting firm had decided it did...
...Rising geopolitical tensions and the commercial and regulatory disruption being wrought by artificial intelligence also present opportunities for the group....
...Deloitte is set to cut hundreds of jobs in the UK as the Big Four professional services group contends with slowing demand from clients cutting their spending on advisory services in a tougher economic environment...
...John Wood Group, the FTSE 250 engineering services company, should either move its listing to the US or consider going private, said activist investor Sparta Capital Management....
...Former UniCredit chief executive Jean Pierre Mustier has been appointed chair of indebted French IT services group Atos following the departure of Bertrand Meunier....
...The chair of problem-plagued French IT services group Atos Bertrand Meunier is set to step down, throwing the restructuring and asset sale plan he had championed into uncertainty, according to people familiar...
...Atos is renegotiating the terms of a deal with Czech billionaire Daniel Křetínský to buy the French group’s lossmaking IT services business Tech Foundations as it seeks to raise funds to service its debt...
...Professional services group Accenture has cut its full-year forecast, as economic uncertainty weakens demand for its consulting services....
...Sir John Manzoni, who joined Diageo’s board as a non-executive director in 2020, is chair of energy business SSE and was previously a non-executive director of drinks group SABMiller....
...Fresenius has sold its fertility business Eugin Group to KKR and GED Capital, marking the latest bid by private equity groups to capitalise on the growing demand for services to people struggling to have...
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