The recent boom in M&A activity has reportedly created a wave of
alcohol-related problems across the City.
London-based bankers, lawyers and accountants are suffering such an increase
in problem drinking that Alcoholics Anonymous is now holding 22 meetings a week
across the City and Canary Wharf.
The Financial Times reported on the weekend that the alcoholics’
support group regularly holds breakfast (6am and 7.30am) and lunchtime meetings
that attract about 40 members each.
Dr Mike McPhillips, a psychiatrist specialising in addiction, told the paper
that ‘the City has a culture that encourages excessive use of alcohol. The
evidence suggests that the more money about, the more alcohol about.’
It said that merger and acquisition dealings around the world had hit a
massive £1.26bn so far this year; the highest figure on record for any
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
Accountancy Age Jobs is delighted to announce the launch of a brand new look website for finance and accountancy professionals
The UK gender pay gap will not close until 2069 unless action is taken to tackle it now, according to new research by Deloitte
Three former Tesco executives, including the former finance director of Tesco UK, have been charged with fraud by the Serious Fraud Office in relation to a £263m accounting scandal at the retailer.