As the company moved closer to securing one of the largest corporate restructurings, it emerged City advisers, including KPMG, could get a £500m pay-out.
This would be one of the largest pay-outs the City has received – others set to benefit include Credit Suisse First Boston, JP Morgan, Morgan Stanley and law firms Travers Smith Braithwaite and Clifford Chance.
Yesterday NTL agreed a $10.6bn (£7.3bn) debt-for-equity swap with bondholders, but the deal still needs to be agreed to by the company’s bank lenders and minority bondholders.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars