PwC, Deloitte, KPMG, EY face UK break-up call amid Carillion demise – The Australian Financial Review

by Gill Plimmer British MPs have demanded the UK’s big four accountancy firms be referred to competition authorities for potential break-up following the collapse of government contractor Carillion, calling them a “cosy club incapable of providing the degree of independent challenge needed”. The recommendation by members of two powerful parliamentary committees was contained in a…

Ericsson Wins Plea to Push Ambani’s RCom Into Insolvency – Bloomberg

An Indian tribunal ordered billionaire Anil Ambanis Reliance Communications Ltd. be placed under insolvency proceedings, jeopardizing the phone companys proposed $3.7 billion asset sale to Reliance Jio Infocomm Ltd. The Mumbai bench of the National Company Law Tribunal on Tuesday accepted a petition from the Indian unit of network-equipment maker Ericsson AB, which is seeking…

Insurance company Alpha goes bust – leaving thousands with no cover – Coventry Live

Drivers in their thousands have been left without insurance cover after insurance firm Alpha announced it had gone bust. The drivers insured with their UK brands, Cover My Cab and Protector, received a text message stating: “Your taxi insurance policy with Alpha Insurance is cancelled with immediate effect.” The text meant thousands of taxi drivers…