KPMG chief vows renewed equality drive & more…Keep up with the latest finance and accountancy news in our weekly round-up…

Deloitte predicts Premier League clubs will lose £1bilion revenue this season

Premier League clubs are set for a loss of £1billion in revenue in their 2019-20 accounts due to the coronavirus pandemic, financial services firm Deloitte has predicted.

Coronavirus: Intu ‘administrator’ seeks £12m funding

KPMG is seeking a multimillion pound funding line to keep some of the country’s best-known malls open during an insolvency process.

BDO becomes second-largest auditor of listed UK companies

BDO now audits the second-highest number of listed companies in the UK as moves to shake up the sector have driven an increasing number of companies to firms outside the Big Four.

KPMG chiefs vow renewed equality drive after George Floyd death

Bosses at KPMG have told staff they are committed to eradicating “discrimination and inequality of any kind”, making them the latest in a string of senior corporate figures to respond to George Floyd’s death in Minneapolis last week.

BDO takes over from KPMG at Ted Baker after £25 million books blunder

KPMG has been replaced by BDO as auditor of Ted Baker after the fashion firm’s £25 million inventory blunder. The retailer announced that BDO would take over the role after the AGM on 21 July.

Smith & Williamson, Tilney merger to go ahead

Top 20 firm Smith & Williamson’s delayed merger with Tilney to create a £45bn integrated wealth management and professional services business is to go ahead, after the two companies agreed a revised transaction structure and fresh financing.