Poundland share price crash: Discounter’s owner Steinhoff share price drops another 28 per cent December 7, 2017 Shares in Steinhoff, the owner of Poundland, have dropped another 32 per cent this morning, following yesterday’s crash. The South Africa-listed stock plummeted by 66 per cent on Wednesday after the chief executive quit amid reports of an accounting probe. Steinhoff shares have fallen off a cliff (Source: Investing.com) Marcus Jooste stood down after Steinhoff [...]
Tottenham Hotspur v AFC Wimbledon: Dons on a high as opportunity knocks for FA Cup giant-killing at Wembley January 3, 2018 There is an air of contentment at AFC Wimbledon. An upturn in form, the green light to begin constructing their new stadium and the stardust of Sunday’s FA Cup clash with Tottenham at Wembley has left even the club’s perennially grounded chief executive Erik Samuelson smiling. Although the threat of relegation lingers – The Dons [...]
UK’s top accounting watchdog wants more powers from parliament following KPMG-HBOS probe November 30, 2017 The top accounting watchdog in the UK has called for accountants to be held to higher standards when auditing companies, after a probe into KMPG’s audits of HBOS in the run-up to the lender’s collapse failed to find the accountant guilty of misconduct. Read more: KPMG has been cleared of wrongdoing over its 2007 HBOS [...]
Autumn Budget 2017: Hammond changes corporate capital gains tax rules November 22, 2017 Corporation tax was maintained at 19 per cent in today's budget, however, the chancellor announced chances to the way companies' chargeable gains are calculated. The corporate indexation allowance allows for the effects of inflation when calculating the chargeable gains of companies or organisations. Philip Hammond announced today that the indexation allowance will be frozen from [...]
Carillion collapse: Thousands of jobs at risk as Carillion files for liquidation after unsuccessful talks with government January 15, 2018 Troubled construction firm Carillion has been forced to enter liquidation after unsuccessful rescue talks with the government and lenders over the weekend. The company filed for a compulsory liquidation this morning, and it said the government will provide the funding required by the official receiver, or the liquidator, to maintain existing public services contracts. PwC [...]
Tech predictions for 2018: Drones, crypto, and the rise of the robots January 15, 2018 The pace of technological change can seem exciting and daunting in equal measure. 2017, while seeing continued financial growth in the tech sector, brought even more sharply into focus the challenges inherent with the inexorable march of progress. From Amazon to Uber, tech giants saw their practices and business models scrutinised more deeply than ever [...]
Ollie Phillips: There is merit in ring-fencing Premiership and abolishing promotion and relegation December 1, 2017 Scrapping relegation from the Premiership is the eternal debate and the question reared its head once again this week when the topic was part of a wider discussion at a professional game board meeting. I’m torn on the issue. I can see the financial benefits of having no promotion to or relegation from the Premiership. [...]
Mark Carney and Sadiq Khan throw weight behind City mental health campaign as research show number of staff raising mental heath concerns is rising May 14, 2018 Bank of England governor Mark Carney and London Mayor Sadiq Khan have thrown their weight behind a campaign led by the Lord Mayor of the City of London to end the stigma around mental health in the workplace. This comes as new research from the Institute of Directors (IoD) shows that business leaders have seen [...]
Ollie Phillips: Form and fitness worries mean it’s a really testing time for Eddie Jones and England January 4, 2018 They say that form is temporary, class is permanent and I think the next few weeks and the start of the Six Nations will be the acid test of that statement for England. On paper, England’s side for their opening clash of the tournament against Italy in Rome on 4 February is likely to have [...]
Economists nervous as consumer spending continues to fuel UK GDP growth November 23, 2017 A strong increase in consumer spending drove UK GDP growth in the third quarter, but economists warned the British economy’s reliance on consumption will not last. Consumer spending grew by 0.6 per cent in the three months to September as GDP expanded by 0.4 per cent, according to more detailed estimates of economic activity from [...]