Redcentric’s revenue soars as chief prepares to stand down Tech IT services provider Redcentric reported a strong financial performance for FY24, with total revenue increasing by 15.2 per cent to £163.2m
Redcentric looks forward after FCA prosecutes former finance chief for misleading investors INVESTORS MISLED IT services provider Redcentric has said it hopes to move on following the prosecution of a former top dog for misleading investors. A case led by the financial regulator culminated in the company’s former chief financial officer, Timothy Coleman, being found guilty of four charges relating to the making of false and misleading statements to [...]
PwC fined £4.5m for ‘lack of competence’ in Redcentric audit PwC slapped with £4.5m over 'lack of competence' in Redcentric audit The audit watchdog has fined PwC more than £4.5m for a “serious lack of competence” in its audit of IT services firm Redcentric. The Financial Reporting Council (FRC) slammed the auditors’ failure to exercise professional scepticism following an investigation after a £20m black hole was found in Redcentric’s accounts in 2016. Read more: PwC invests [...]
Ted Baker shares dip as long-serving director exits December 17, 2019 Ted Baker’s share price dipped this morning after the retailer announced a long-serving board member will step down just a week after the firm’s chief executive and chairman quit. Shares slumped more than five per cent after the embattled fashion brand announced that non-executive director Ron Stewart has left with immediate effect after nine years. [...]
Staffline seeks to raise £41m to ease debt fears June 27, 2019 Recruitment firm Staffline has this morning announced plans to raise up to £41m by selling off shares to private investors and current shareholders. The UK-based company is seeking to make £34m through a placing, with a further £7m to come from an open offer. Read more: PwC fined £4.5m for ‘lack of competence’ in Redcentric [...]
City Moves for 1 October 2015 | Who’s switching jobs September 30, 2015 APAM The commercial property asset manager has appointed Simon Hardwick as chairman. Hardwick was formerly at PwC Legal, where he lead its real estate practice. He is also an independent non-executive member of the management board at the Royal Institution of Chartered Surveyors, and has over 35 years’ experience. BARINGS The investment firm has appointed [...]
Inflation likely to remain well below 2pc mark – London Week Ahead November 16, 2014 Inflation figures released today are likely to show that price rises, as measured by the consumer prices index (CPI), remained far below the Bank of England’s two per cent “target” in October. Most economists expect inflation to remain unchanged at 1.2 per cent, although September’s fall from 1.5 per cent in August means there is [...]