Sports Direct share price rises on news of independent corporate governance review September 20, 2016 Sports Direct's share price has risen on news the embattled retailer has bowed to calls from investors for an independent review of corporate governance and working practices. The retailer initially insisted on using its own law firm, RPC, to conduct the review – but has now said it is willing to make it completely independent. The retailer's [...]
Sports Direct shareholders advised to oppose re-election of Mike Ashley to the board August 21, 2016 Sports Direct's shareholders have been advised to oppose the re-election of the company's founder Mike Ashley to the board after the retailer become embroiled in a scandal over the treatment of workers. Pensions and Investment Research Consultants (Pirc) said Ashley had been "highly criticised" by the Business, Innovation and Skills (BIS) select committee for the "appalling working [...]
City Moves for 5 December 2016 | Who’s switching jobs December 5, 2016 Markel International Markel International, the specialist insurer, has appointed Naomi Murray as senior claims adjuster in its trade credit and political risk team. Naomi is a highly experienced claims handler having spent nearly 20 years in the role. She has worked for Coface, Amlin, RPC Loss Adjusting and for the last 11 years as a [...]
These 8 British companies will get a huge boost from sterling’s crash against the euro October 13, 2016 On Tuesday, the FTSE 100 surged to its record high of 7,128 points, boosted massively by the crash in the pound that has seen Britain's currency fall more than 17 per cent since the vote to leave the European Union. The index is full of mining companies, oil firms, and pharmaceutical giants that use the UK [...]
How drones have opened up a whole new world for insurers June 13, 2016 The popularity of drones could drive growth in some sectors of the insurance industry, one City law firm has said today. According to RPC, the new technology is increasing the demand for specialist drone insurance, which providers operators with cover that may not be available under traditional public liability policies. "Major issues do remain to be resolved for insurers – [...]
The Investor Forum doesn’t want any more “quick fixes” from Sports Direct September 9, 2016 Influential shareholder group the Investor Forum has said today that Sports Direct "can't have any more quick fixes" in its bid to reform its corporate governance. Phineas Glover, senior adviser at the Investor Forum, said a meeting with Sports Direct's founder Mike Ashley on Wednesday – after the company's AGM – was the "frankest exchange of views [...]
Sports Direct share price rockets as it admits to serious shortcomings at Shirebrook warehouse and offers guaranteed hours to staff September 6, 2016 Sports Direct has admitted to serious shortcomings in the working practices at its Shirebrook warehouse, and plans to make changes to the way its workers are treated, the company said in a report released today. Shares in the company were up 5.5 per cent in this morning's trading. The retailer said it will offer casual retail staff guaranteed [...]
HMRC’s tax probes drag on says law firm RPC September 20, 2015 HMRC takes over a year to wrap up almost a quarter of the 115,000 local tax compliance investigations open at any one time, a City law firm has said. Lawyers RPC today released figures showing that HMRC’s local compliance unit had more than 115,000 investigations ongoing against individual taxpayers and businesses as of March [...]
City Moves for 9 June 2016 | Who’s switching jobs June 9, 2016 InvestSure Online property investment platform InvestSure has appointed Andrew Pratt (pictured) as a non-executive director as it continues its expansion. Andrew will remain a senior residential consultant at Patrizia, one of the world’s top four residential real estate investors. Andrew was previously the UK managing director at Grainger and a property consultant at CBRE. Maseco [...]
HMRC makes almost 1,500 demands in one year to lawyers and accountants to cough up client details May 9, 2016 The UK's tax authority issued just shy of 1,500 demands in the space of a year to lawyers and accountants for information on clients suspected of committing crimes, figures released today show. The research by City law firm RPC discovered the HM Revenue & Customs (HMRC) issued 1,468 production orders last year – and more than [...]