A decision by ScottishPower this
week to back an £11.6bn takeover offer from Spain’s second largest electricity
company Iberdrola, is likely to spell the end of
Deloitte’s recently won audit role at
A successful bid by Iberdrola would almost immediately hand the audit work
back to Ernst & Young, auditor of
Iberdrola – this
after Deloitte scored a major coup by winning the lucrative contract from PwC.
The tie-up will create Europe’s third largest utility. Scottish Power has
more than 5.2 million UK customers.
According to reports, the offer could trigger rival bids from French utility
EDF and German rival RWE, who have been watching the situation.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned