‘The law should change’: Brewdog under fire from top tax lawyer over late accounts August 23, 2024 Brewdog’s failure to publish its accounts on time shows that tougher penalties are needed to stop firms from flouting the rules, according to top tax lawyer Dan Neidle.
Aircraft orders still lagging behind despite UK airlines hitting 2024 high August 23, 2024 The number of aircrafts being ordered by UK airlines hit its highest monthly figure in July as a slew of deals at the Farnborough Airshow helped the industry weather wider supply chain issues. Some 131 orders were placed over the month, outpacing every other month in 2024 and representing the largest July delivery rate on [...]
Consumer confidence unchanged in August despite worsening outlook August 23, 2024 Consumer confidence remained unchanged in August, a closely watched survey suggested, despite a deterioration in households’ expectations for the broader economy. GfK’s overall consumer confidence index remained at -13 with an improving picture on the personal finance side helping to offset worsening confidence in the economy as a whole. This meant overall consumer confidence remained [...]
Serious Fraud Office ‘should be replaced with a new body’, say IEA August 23, 2024 The UK anti-fraud agency should be replaced with a new body dedicated to combating economic crime, says a new paper by think tank IEA
Why are convenience stores all the rage? August 22, 2024 Earlier this week, Waitrose became the latest UK grocer to announce a big push into the convenience store market. The supermarket giant will open 100 stores in the next five years as part of a $1bn investment plan. Waitrose follows Asda, Morrisons (with its McColl’s estate), Tesco, Sainsbury’s and the Co-op in ploughing ahead with [...]
Labour’s North Sea windfall tax plans branded a ‘blunt response’ that will hammer businesses across the UK August 22, 2024 The government’s plans for North Sea oil and gas are a “blunt response” that could jeopardise hundreds of thousands of jobs not just in the energy sector, several of the industry’s leading figures have warned. In an open letter to the Treasury, over 40 companies with operations in the North Sea voiced their “grave concern” [...]
PwC China to be hit with ban over audit of collapsed property developer Evergrande August 22, 2024 PwC's Chinese entity is expected to be hit with a six-month business ban over its audit of collapsed Chinese real estate property developer Evergrande
Former Fujitsu supplier Escher Group eyes London stock market comeback August 22, 2024 Escher Group, a former supplier to Fujitsu, the tech giant embroiled in the Post Office scandal, is reportedly planning a return to the London Stock Exchange after its delisting in 2018. The software company is working with bankers from Singer Capital Markets on a potential initial public offering (IPO) that could occur as early as [...]
England Women to play first Test at Lord’s as 2025 schedule revealed August 22, 2024 England Women will play their first ever Test match at Lord’s Cricket Ground as part of a string of new fixtures announced for both the men’s and women’s sides for the 2025 cricket season. The side will face India in a one-off test match at the home of cricket in the summer of 2026, exactly [...]
Eckoh: Payments software firm discloses bid from private equity firm August 22, 2024 Payments software firm Eckoh is set to become the latest firm to leave the Aim market, after it announced it had received an offer from an unnamed private equity firm. The offer, which valued Eckoh at 54 p per share and was “highly conditional” and “non-binding”, follows a lengthy hunt for a suitor from the [...]