Workflow
audit
icon
Search documents
Phipps Henson McAllister appoints Andy Greenhalgh as head of audit
Yahoo Finance· 2026-01-27 15:32
Core Viewpoint - UK-based accountancy practice Phipps Henson McAllister (PHM) has appointed Andy Greenhalgh as the new head of audit to support the expansion of its client offerings and meet the increased demand for assurance services [1][4]. Group 1: Appointment and Background - Andy Greenhalgh has over 20 years of audit and advisory experience, particularly with small and medium-sized enterprises (SMEs) and owner-managed businesses, aligning well with PHM's core client base [2]. - Greenhalgh's role will focus on strengthening service delivery and providing insights to support client decision-making [2]. Group 2: Leadership and Vision - Greenhalgh expressed enthusiasm about leading the audit team, aiming to build on existing foundations, grow the audit department, and enhance value and insights for clients [3]. - PHM's managing partner, Ross Phipps, highlighted Greenhalgh's extensive experience and hands-on approach as key factors for his selection, emphasizing his ability to address core issues and deliver effective solutions [3][4]. Group 3: Company Overview - PHM was established in 1993 and operates from a single office in Northamptonshire, offering audit, tax, and advisory services to SMEs, businesses, and professional practices across the UK [4].
Scotiabank Lowers Thomson Reuters (TRI) Price Target to $189 but Maintains Outperform Rating
Yahoo Finance· 2025-11-21 06:48
Core Insights - Thomson Reuters Corporation (NASDAQ:TRI) is recognized as one of the 13 Best Canadian Dividend Stocks for long-term investment [1] - Scotiabank has lowered its price target for Thomson Reuters to $189 from $200 while maintaining an Outperform rating, citing concerns over competition from AI startups and pressure in the government solutions division [2] - The company reported third-quarter 2025 revenue of $1.78 billion, a 3.36% increase year-over-year, and operating profit of $593 million, up 43% year-over-year [3] - Thomson Reuters' major segments achieved organic revenue growth of 9%, contributing to 82% of total revenue, driven by advancements in AI offerings [4] - The company provides specialized information-enabled software and tools for professionals, supported by its global news service, Reuters [5] Financial Performance - In Q3 2025, Thomson Reuters generated $1.78 billion in revenue, exceeding expectations by $2.8 million, with a year-over-year growth of 3.36% [3] - Operating profit for the quarter reached $593 million, reflecting a significant increase of 43% year-over-year, aided by the sale of a minority stake in the Elite business [3] - Operating cash flow for the quarter totaled $704 million [3] Business Segments - The Big 3 segments of Thomson Reuters delivered organic revenue growth of 9% and accounted for 82% of total revenue [4] - The company highlighted the positive impact of its agentic AI offerings, such as CoCounsel Legal and CoCounsel for tax, audit, and accounting, which are transforming professional workflows [4]