Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
Ted Baker’s share price slides further in wake of ‘forced hugging’ complaints December 4, 2018 Ted Baker's share price slumped more than 10 per cent in trading this morning as the City continued to digest the news of harassment allegations surrounding the luxury retail firm’s boss. Shares dipped almost 11 per cent to 1,387p today, having dived 15 per cent yesterday. Yesterday the FTSE 250 firm’s board said it had launched [...]
DEBATE: Are we at risk of overreacting to the story of ‘forced hugging’ at Ted Baker? December 4, 2018 Are we at risk of overreacting to the story of ‘forced hugging’ at Ted Baker? Dr Joanna Williams, author of Women vs Feminism: Why We All Need Liberating from the Gender Wars, says YES. Alarming stories of sleazy bosses taking advantage of vulnerable young women can make it seem as if the workplace hasn’t changed since the 1960s. [...]
Ted Baker launches investigation into harassment claims against ‘forced hugs’ boss December 3, 2018 Ted Baker has launched an internal investigation into claims its chief executive and founder harassed female staff members. The FTSE 250 firm’s shares took a dive this morning, dropping more than 14 per cent in early trading. In an statement released today, the fashion retailer’s board said it has launched a “thorough and urgent” external [...]
Ted Baker staff launch petition over boss’s unwanted ‘hugs’ and alleged harassment December 2, 2018 Staff at Ted Baker have launched a petition calling for an end to a culture of “forced hugs” and unwanted attention from the company’s founder and boss. A employee-launched petition accuses chief executive Ray Kelvin of inappropriate behaviour and comments to staff. “He'll want to brush this under the carpet,” the petition’s author wrote. “But [...]
Deloitte calls for audit market cap and ban on selling extra services to audit clients November 8, 2018 Two of the world’s biggest accountancy firms have backed a ban on UK auditors selling extra services to their audit clients, setting the stage for a huge shift in the embattled sector. Deloitte and KPMG – two members of audit’s Big Four – have backed the move, which would potentially put hundreds of millions in fee income [...]
Shareholders need to hear more than just contrition if they are to believe in the future of M&S November 8, 2018 Another day, another bleak set of results from a struggling high street retailer. This time it was the turn of M&S to take centre stage, reporting falling food and fashion sales and pledging to leave “no stone unturned” in its bid to restructure the business. Blighted by rising costs, more competition, and major changes in [...]
Audit’s perfect storm: How bean counters found themselves at the centre of a public uproar October 21, 2018 On the the surface, there is little reason for audit to get the blood pumping. The reality, however, is quite different, and threatens to present the sector’s biggest players – sprawling multi-nationals used to finding that all news is good news when you count the beans – with the toughest challenge they have seen in [...]
Five key takeaways from the FRC’s audit sector report October 8, 2018 The Financial Reporting Council (FRC), the audit sector’s watchdog, released its annual Developments in Audit report yesterday, outlining key challenges faced in the sector and assessing the current state of the profession. Audit is under close scrutiny at the moment, as politicians and regulators look closely at the dominance of the Big Four audit firms Deloitte, [...]
Ted Baker share price slides as profits fall amid ‘challenging’ high street October 4, 2018 Profits dropped at fashion house Ted Baker today as it blamed “challenging trading conditions”, with no let up expected for the latter half of the year, sending shares sliding around 12 per cent in early morning trading. Read more: Moss Bros issues profit warning The figures Ted Baker saw profits before tax dip 3.2 per [...]
Shares in carpet and furniture retailer ScS get a boost as profits rise in full-year results October 2, 2018 Furniture and floorings retailer ScS got a boost to its share price this morning after it reported a strong growth in operating profits in its full-year results. Its share rose 6.5 per cent in early trading after it released the update. Read more: Ted Baker expected to boost revenues despite high street worries The figures In [...]