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Taylor Wimpey is to promote current group operations director Jennie Daly to replace Pete Redfern as CEO of the company when he steps down after more than 14 years in the role. Ms Daly will assume the position at the conclusion of the Annual General Meeting on April 26.

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The UK Government is suing KPMG for £1.3 billion over allegations it was negligent in its audit of Carillion in 2016. Government ministers have accused KPMG of failing to respond to "red flags" in Carillion's accounts ahead of its collapse in 2018.

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