Audit reforms: IoD call for caution in plans to break Big Four dominance July 8, 2021 The government should approach its plans for an audit and corporate governance reform with greater caution, said the Institute of Directors (IoD). A government white paper aimed at breaking up the concentration of the Big Four auditing firms – Deloitte, PwC, KPMG and EY has stirred criticism from the business group, who said that the [...]
Easyjet shares encounter turbulence as chief Lundgren steps down May 16, 2024 Easyjet has continued to power ahead as consumers jet off on holiday.
Asset managers call for urgent action on Libor transition February 3, 2021 Investment managers are calling on FTSE 350 companies to “step up” their efforts to transition away from Libor-linked bonds worth £108bn. “With the deadline now fast-approaching, there remains a significant number of outstanding Libor-linked bonds which have not yet transitioned to a new rate,” The Investment Association (IA) said in a letter to companies issuing [...]
Revealed: How have audit industry rankings changed in 15 years? January 27, 2021 From success stories to hours of struggle, the audit market and its key players have changed considerably in the last decade and half. Challenger firm BDO has been the standout success story of the past 15 years, doubling its client count to 314 and snatching first place for number of clients away from Big Four [...]
Budget 2021: Sunak to outline post-Brexit regulatory shakeup for the City of London March 2, 2021 Rishi Sunak will outline plans to improve the City of London’s post-Brexit competitiveness in tomorrow’s Budget as he releases a highly anticipated report from the UK’s former EU commissioner for financial services. Sunak is planning to create a new stock listings regime in London to compete with other global financial centres that have benefited from [...]
Mining firm Antofagasta has least equal male-female board split in FTSE 100 November 3, 2020 Mining company Antofagasta has been named the FTSE 100 firm with the least gender diverse board, with 80% of directors at the firm being men.
Bunzl: Giant on a shopping spree with two acquisitions and bumped-up guidance August 29, 2023 Outsourcer buys firms in Poland and the Netherlands as it continues acquisition spree
Let’s celebrate the number of women on FTSE boards, but smaller companies will face regulatory hurdles if they don’t step up February 24, 2021 It is worth taking a moment to celebrate that the number of women on FTSE 350 boards has jumped by 50 per cent over the last five years, according to the Hampton-Alexander review published yesterday. But we must not take our foot off the pedal, the work is far from done. Another recent report from [...]
Close Brothers shares drop as motor finance arm deals with two FCA reviews May 22, 2024 Shares in merchant banking group Close Brothers fell as much as 6.6 per cent on Wednesday morning as its motor finance business faces compensation costs tied to two market-wide reviews from the Financial Conduct Authority (FCA).
Why climate change is creating a 1929 moment January 15, 2021 The battle against Covid-19 has been brutal, inflicting a terrible cost on society. But it will be overcome; scientific endeavour will prevail. Looking decades ahead, my greater concern is climate change. By 2050 we may find the effects of the pandemic will be dwarfed by the consequences of unchecked global warming. The future actions of [...]