Between them KPMG, PricewaterhouseCoopers, Deloitte and EY control more than 90 per cent of UK audits for large companies.

The “Big Four” accounting firms should be forced to legally separate their “cash cow” consulting work from their auditing businesses, a UK Parliament (...)

Debenhams said: “The board has been engaging with Sports Direct and our other stakeholders and is disappointed that Sports Direct has taken this action.” Photograph: Reuters

Sports Direct boss Mike Ashley is attempting a coup at Debenhams to appoint himself to the board in an executive role and oust nearly all the other di(...)

Patisserie Valerie’s Henry street outlet in Dublin. Photograph: Peter Hamilton

Patisserie Valerie’s two Dublin outlets will likely cease trading as part of a company-wide administration which follows on from “significant fraud” a(...)

The UK Financial Reporting Council said it was looking into the audits by Grant Thornton of the financial statements of Patisserie Holdings for  2015, 2016 and 2017. Photograph: Reuters

The UK’s accountancy watchdog said on Wednesday it had begun an investigation into the audits of cafe chain Patisserie Valerie, which came close to co(...)

A branch of Patisserie Valerie in London. Photograph:  Reuters/Simon Dawson

British cafe chain owner Patisserie Holdings said its chief executive Paul May had stepped down immediately, a second resignation after its chief fina(...)

Patisserie Valerie on Dublin’s Henry Street. Photograph: Nick Bradshaw

Patisserie Holdings’ plan to issue £15 million (€17 million) worth of new shares was supported by nearly all investors who voted at an emergency gener(...)

Patisserie Holdings chief executive Paul May has stepped down as a non-executive director at Restaurant Group.

The boss of Patisserie Valerie has resigned from the board of Restaurant Group in order to focus on his role at the cafe chain which just days earlier(...)

Dublin branch of Patisserie Valerie on Henry Street. Photograph: Nick Bradshaw

Uncertainty surrounds the future of the two Irish outlets of UK bakery chain Patisserie Valerie after its finance director Chris Marsh was arrested a (...)

Patisserie Valerie said it is “assessing all options”.  Photograph: Reuters

Patisserie Valerie could collapse into administration as soon as Friday morning as time runs out to find a rescuer for the stricken cake chain. The(...)

Image of the week: Pfizer coins it Pfizer chief executive Ian Read (in the red tie) is seen here arriving to give evidence at a British parliamen(...)