London Capital & Finance was a ‘Ponzi scheme’, judge rules Legal Former executives of the collapsed London Capital and Finance (LCF) participated in fraudulent conduct, ruled a High Court judge.
Ex-BDO senior manager handed 20-year ban for falsifying documents Business The audit watchdog has banned a former senior manager of accountancy giant BDO for 20 years after she was found to have been creating false documents
Post Office: Jobs and branches could be axed in post-scandal shake up Business The Post Office has announced a significant overhaul, with the closing of 115 branches and hundreds of jobs at risk.
All hail the regulator going for growth November 12, 2024 At last month’s Investment Summit in the City, Keir Starmer set out an admirably clear view of how he wants this country’s regulatory bodies to work, telling delegates: “we will make sure that every regulator in this country, especially our economic and competition regulators, takes growth as seriously as this room does.” There’s been no [...]
Audit watchdog plans to ditch ‘environment’ focus in growth push November 11, 2024 The audit watchdog is planning to remove references to the “environment” and “society” from a code setting standards for City investors in a bid to simplify reporting processes and get behind the government’s push for growth, City AM can reveal. In a consultation document today, the Financial Reporting Council (FRC) will reveal plans to make a number [...]
How the accounting watchdog is looking to unleash the City November 11, 2024 As Richard Moriarty gripped the sides of a podium and spoke freely from a sheet of bullet points at the London Stock Exchange in September, a warmth was stirring among certain City executives in the room. The tie-less career regulator, boss of the audit watchdog, the Financial Reporting Council, laid out his plans to shake [...]
Ahead of the Game: Trump’s pledge to LIV and PGA, Charlton eye move November 6, 2024 LIV Golf executives will be cheered by Donald Trump’s march on the White House in the belief that the former president’s second US election win would lead to the long-heralded merger with the PGA Tour finally taking place. Negotiations between the two rival tours have been taking place for over 18 months, with one of [...]
Eurovision boosts Liverpool John Lennon Airport ahead of Jet2 expansion November 5, 2024 Eurovision helped significantly cut the annual loss at the company behind Liverpool John Lennon Airport as a spike in passenger numbers helped turnover take off. The airport has reported a pre-tax loss of £352,000 for the 12 months to 31 March, 2024, having made a loss of £4.8m in its prior financial year. Newly-filed accounts [...]
Unilever: Dove and Magnum owner shrugs off economic concerns October 24, 2024 Consumer goods giant Unilever has reported a period of strong growth as demand for its so-called power brands surged. In a trading update for the third quarter of 2024, the company said it had recorded underlying sales growth of 4.5 per cent compared to the prior year across its main divisions, with volume growth of [...]
Starmer should make trade with Saudi Arabia a top priority October 22, 2024 The UK and Saudi Arabia have long cultivated strong ties. A bilateral trade relationship represents trade in goods and services between the two of a significant £17.6 billion for the 12 months to the end of Q1 of 2024.* Crucially, the Saudi government is investing billions into the UK economy through the Saudi sovereign wealth [...]