Alvarez & Marsal poached FTI heads as firm seeks to challenge Big Four giants Advisory Management consultancy firm Alvarez & Marsal has poached its second FTI name to join its recently launched reputation advisory practice as it seeks to challenge the Big Four. The newest recruit, senior director Tom Hufton, joins managing director Rob Mindell to lead the practice, CityAM can reveal. The firm’s new practice, launched at the [...]
EY avoids judgment in £2bn case as Alvarez & Marsal reach ‘confidential agreement’ Big Four The mammoth legal fight against the Big Four giant EY over its auditing of a former London-listed health giant that collapsed amid fraud allegations has been withdrawn following a settlement. Private hospital operator NMC Health Plc collapsed in April 2020 after being placed into administration, and was delisted from the London Stock Exchange in the [...]
High Court grants urgent hearing on Labour’s inheritance tax overhaul Legal The High Court has green-lit an urgent hearing at the High Court over the government’s inheritance tax raid on agricultural assets and family firms. The proposed changes to agricultural property relief (APR) and business property relief (BPR) represent one of the biggest shifts in UK inheritance tax (IHT) policy in decades, following the government’s initial [...]
Wealthy parents ramp up gifts ahead of feared inheritance tax raid November 4, 2025 Parents are locked in a race to organise financial gifts and inheritance tax arrangements ahead of an anticipated clampdown at next month’s Budget, with some advisers reporting a doubling of transactions in recent weeks. Half a dozen lawyers and tax advisers told CityAM that the widely expected overhaul of gifting rules at the Budget [...]
Carried interest: London’s dealmakers bask in rare lobbying win June 17, 2025 Rachel Reeves went into the 2024 general election promising to close the “carried interest loophole” long-enjoyed by “asset stripping” private equity executives. So far, though, the sector has escaped the worst of Labour’s promised crackdown, writes Ali Lyon. For someone who once argued private equity was full of asset strippers driving beloved British businesses to [...]
US activist investors ramp up attacks on UK companies January 6, 2025 US activist investors ramped up their attacks on UK companies in 2024, with British firms continuing as the top target for investor campaigns in Europe. 42 per cent of all activist campaigns in Europe targeted the UK, with 59 companies coming under pressure throughout the year, according to Alvarez & Marsal’s latest Activist Alert Outlook. [...]