Competition watchdog launches inquiry into CME takeover of Nex Group September 13, 2018 US exchange operator CME's planned $5.5bn (£4.89bn) acquisition of London's Nex Group will be investigated by the UK's competition watchdog. The deal, which was announced in March and is expected to be completed by the end of this year, will either be approved or referred for a more in-depth investigation by 8 November, the Competition and Markets Authority said. [...]
Competition watchdog launches inquiry into CME takeover of Nex Group September 13, 2018 US exchange operator CME's planned $5.5bn (£4.89bn) acquisition of London's Nex Group will be investigated by the UK's competition watchdog. The deal, which was announced in March and is expected to be completed by the end of this year, will either be approved or referred for a more in-depth investigation by 8 November, the Competition and Markets Authority said. [...]
What’s the easiest way to send funds back to the UK? February 7, 2020 Home is where the heart is, which is why many expats choose to send money back to the UK even with a new life abroad. There are many reasons why you may need to repatriate funds, such as property maintenance, pension payments, or helping out with school fees. It might be that after enjoying the [...]
Sainsbury’s-Asda merger will impact competition in 463 local areas, competition watchdog warns September 27, 2018 The UK competition authority today warned the mega merger between Asda and Sainsbury's could Seriously lessen competition in 463 local areas across the country. To solve the issue, the new business may have to sell off hundreds of the overlapping stores. Last week, the Competition and Markets Authority (CMA) said its concerns around the merger were [...]
Small businesses face ‘wild west’ from big three mobile providers, report warns November 28, 2018 Small and medium-sized businesses in the UK are overpaying for mobile bills by £1bn due to a lack of competition in the market, a report has warned. Research by price comparison website Billmonitor estimates 49 per cent of UK businesses are paying more than twice what they should be for mobile services from EE, Vodafone [...]
RBS announces interim chief financial officer as Ewen Stevenson prepares to depart August 17, 2018 The Royal Bank of Scotland (RBS) said today it is to appoint deputy chief financial officer Katie Murray as interim CFO in October, replacing outgoing CFO Ewen Stevenson, who is set to join HSBC. Stevenson will step down after four years in the role on 30 September and will be placed on gardening leave until the end of November. Stevenson [...]
BDO extends lead as top junior market auditor October 29, 2018 BDO, the UK’s sixth-largest audit firm, has hugely extended its lead as the UK’s top auditor of mid-size, Alternative Investment Market (Aim)-listed firms – more than quadrupling the gap between it and second-placed KPMG in the past half a year. New data from Adviser Rankings shows BDO now has 149 Aim-listed clients, 23 more than [...]
Metro Bank shares plumb new depths after challenger bank swings to £131m loss February 26, 2020 Metro Bank will slash its growth plans after plunging to a £131m pre-tax loss in 2019, a devastating year in which an accounting scandal sent shares plunging and led to an exodus of the bank’s top brass. Shares in the company fell as much as 19 per cent in morning trading to an all-time low [...]
Ban auditors from immediately selling new services to outgoing clients, says sector body November 6, 2018 Accountancy firms should be banned from immediately selling other services to lapsing audit clients, an industry body has said. The Association of Chartered Certified Accountants (ACCA) has told regulators they should consider introducing a “cooling off” period of two years, in which auditors are banned from the lucrative practice of selling additional products to firms [...]
Mercer slams competition watchdog for data errors in pension fund industry investigation September 25, 2018 A leading player in the pension fund industry has slammed the competition watchdog for using inaccurate data in its probe into the sector. The Competition and Markets Authority (CMA) report released in July found that there was a lack of competition in the investment consultancy which could cause "material customer detriment". The UK chief [...]