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InterviewArtificial intelligence
BCG says AI consulting will supply 20% of revenues this year
...From customer service chatbots to data migration and overhauling research and development in healthcare, Schweizer said BCG is helping companies use AI to cut costs and increase productivity....
April 23, 2024
Revolut Ltd
Revolut plans advertising sales push as it waits for banking licence
...Its entire business generated revenues of £923mn in 2022....
April 23, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Grant Thornton LLP
Grant Thornton US sells majority stake to private equity
...Chicago-based Grant Thornton is the seventh largest accounting firm in the US after the Big Four, RSM and BDO, with $2.4bn in revenue in its past financial year, which ran to July 2023....
March 15, 2024
Wirecard AG
Wirecard shareholders sue EY over alleged asset stripping in Germany
...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....
April 8, 2024
EY
Staff in EY’s deals unit hit out at bosses after job cuts and sales slump
...In the 12 months to June 2023, revenues at the division rose 8 per cent to about £635mn....
March 10, 2024
FirstFT
FirstFT: Maine disqualifies Trump from presidential primary ballot
...Chinese telecoms company Huawei has reported its highest revenues in three years after weathering the “storm” of a barrage of sanctions from Washington....
December 29, 2023
FT Live
Financial Adviser Service Awards 2024
Who gives you 5 star service?
Thursday, 21 NovemberNatural History Museum, Cromwell Road, London, UK
News updates from February 2: US adds 353,000 jobs in January, US hits Iraq and Syria after drone deaths
Apple ends run of revenue declines with services boost
...Apple’s revenue returned to growth during the Christmas holiday period, beating analysts’ expectations with a boost from its services division and solid iPhone sales....
February 1, 2024
News updates from February 1: Meta announces first ever dividend, Bank of England holds interest rates
Apple snaps run of revenue declines with services boost
...Apple’s revenue returned to growth during the holiday period, beating analysts’ expectations with a boost from its services division and solid iPhone sales....
February 1, 2024
Live news: Police presence grows as pro-Palestine protests spread across US campuses
Snap shares soar 30% after beating revenue expectations
...The company’s revenue of $1.2bn in the first three months of 2024 was 21 per cent above the same period a year earlier....
April 25, 2024
Live news: Police presence grows as pro-Palestine protests spread across US campuses
Snap shares soar 30% after beating revenue expectations
...’s revenue of $1.2bn in the first three months of 2024 was 21 per cent above the same period a year earlier....
April 25, 2024
Alphabet Inc
Alphabet’s advertising growth falls short of Wall Street expectations
...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....
January 30, 2024
Live news: Alphabet shares jump 14% after first-quarter revenue beats Wall Street expectations
Alphabet shares jump 14% after first-quarter revenue beats Wall Street expectations
...Ad revenue on YouTube also rose 21 per cent to $8.1bn, while Google Cloud services business had a 28 per cent increase to $9.6bn....
April 25, 2024
Live news: Barclays profits fall but beat expectations
LSEG revenues in line with expectations as shareholders vote on doubling CEO’s pay
...LSEG said revenues rose 7.3 per cent to £2.1bn but were “impacted by cancellations related to Credit Suisse as expected”, as the collapsed bank cancelled its subscriptions to LSEG’s data services....
April 25, 2024
LexFund management
UK’s asset managers need more than a change in macro mood Premium content
...Fee compression of 15 per cent in the five years to 2022 equates to $55bn of forsaken revenues based on that year’s AUM, consultancy BCG calculates....
April 22, 2024
Artificial intelligence
AI could kill off most call centres, says Tata Consultancy Services head
...Salil Parekh, chief executive of rival Indian IT services company Infosys, said discretionary outlays by customers had been “slow” after it reported flat annual revenue growth last week....
April 25, 2024
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
News updates from March 21: US accuses Apple of building a smartphone monopoly; Reddit soars in New York IPO
Accenture cuts outlook on weak demand for consulting services
...Second-quarter revenue was $15.8bn, matching analyst expectations and flat from a year earlier. Consulting revenue fell 3 per cent while managed services revenue rose 3 per cent....
March 21, 2024
News updates from November 3: US jobs growth slows more than forecast, Maersk to cut 10,000 jobs
Apple’s services and iPhone growth bolster revenue but decline persists
...However, the company’s earnings per share rose 13 per cent to $1.46 thanks to the higher margin from services, such as commissions from App Store sales and the share of search advertising revenue it receives...
November 2, 2023
News updates from November 2: Sam Bankman-Fried convicted, BoE leaves rates unchanged
Apple’s services and iPhone growth bolster revenue but decline persists
...However, the company’s earnings per share rose 13 per cent to $1.46 thanks to the higher margin from services, such as commissions from App Store sales and the share of search advertising revenue it receives...
November 2, 2023
EY
EY’s Wirecard audits marred by ‘repeated grave’ violations, says watchdog
...The Munich-based fintech company Wirecard collapsed into insolvency in June 2020 after reporting that half of its revenue and €1.9bn in corporate cash did not exist....
April 19, 2024
EY
CVC expresses interest in EY’s Italian consulting arm
...Janet Truncale, EY’s incoming global boss, will be tasked with developing a new strategy for the firm, which made $49bn in revenues last year....
April 18, 2024
News updates from February 28: US Supreme Court will hear Trump presidential immunity appeal; Bitcoin breaks through $60,000
Soft revenue guidance pulls Salesforce shares lower
...Investors had been watching Salesforce’s 2025 forecasts to gauge enterprise demand for cloud software services and appetite for the company’s new AI strategic road map, including its “Einstein 1” generative...
February 28, 2024
Accenture PLC
Accenture cuts revenue forecast in signal of slower consulting market
...Consulting revenues fell 3 per cent to $8bn while sales at its managed services, or outsourcing, division grew 3 per cent to $7.8bn....
March 21, 2024
PwC
PwC picks consultant Marco Amitrano as next UK senior partner
...The succession comes at a turbulent time for the professional services sector....
April 25, 2024
News updates from April 1: Israel accused of air strike on Iranian embassy; US manufacturing sector expands for first time since 2022
UPS replaces FedEx as main air cargo provider for US Postal Service
...FedEx moved most of the United States Postal Service air cargo nationwide....
April 1, 2024
ITV PLC
ITV profits fall by two-thirds on lower advertising revenues
...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....
March 7, 2024

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