Liverpool-based assurance and life society Royal Liver has appointed Ernst
& Young to sell Park Row, its financial advisory practice.
Royal Liver acquired the loss-making business for £16.7m in 2003. Park Row
posted an operating loss of nearly £6m in 2008, despite completing a successful
cost-cutting program to save £11m.
Park Row is being investigated by the Financial Services Authority (FSA),
which is reviewing its systems and controls.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.