Post Office aware of Horizon faults during court battles, secret report shows March 29, 2024 A draft report has revealed the Post Office was aware of evidence that losses could be due to errors in the Horizon IT system but still pressed ahead with the Bates v Post Office Ltd case.
Consumer confidence drops further as cost of living concerns intensify due to skyrocketing bills February 7, 2022 Consumer confidence dropped further in the fourth quarter of last year as Brits concerns about the cost of living intensified. Skyrocketing bills resulted in UK consumer confidence falling one percentage point at the end of last year, to minus 11 per cent, according to the latest Deloitte Consumer Tracker. Cost increases for utilities and groceries [...]
Why the nickel market is suffering on a consumer steer away from EVs March 10, 2024 This glut of nickel has pushed the price down, Shah said, adding that prices will “remain under pressure throughout 2024.”
London’s Big Law hires near record level despite recession March 5, 2024 Law firm partner hires in the first two months of 2024 ran at the second highest pace on record. According to data provided by legal recruiter, Edwards Gibson, there were 101 law firm partner moves in the first two months of this year, an increase of 7 per cent on the number of hires the [...]
PwC announces separation of Russian firm in first Big Four exit March 6, 2022 Pricewaterhousecoopers (PwC) will no longer have a member firm in Russia, with the multinational due to announce its decision tomorrow to separate its Russian company from the rest of its global network in the wake of Putin’s invasion of Ukraine. The move by the Big Four giant will affect 3,700 partners and staff in Russia, [...]
Truss or Sunak will need to deliver ‘shot in the arm’ of UK economy July 22, 2022 Rishi Sunak or Liz Truss will need to deliver a “shot in the economic arm” of the country to lift Brits’ confidence out of the doldrums after one of them wins the Conservative leadership race, two closely watched surveys published today reveal. Scorching inflation, the highest interest rates in 13 years and tax hikes have [...]
British firms brace to unleash wave of investment in 2022 January 10, 2022 British businesses are preparing to unleash a wave of investment over the next year, reveals a fresh study published today. A record proportion of finance chiefs at the UK’s top firms are intending on ramping up capital spending in the next 12 months, according to research carried out by consultancy Deloitte. Over one in three [...]
Kop of living crisis: Soaring bills hit Liverpool’s bottom line February 28, 2023 It seems that even the world’s richest football clubs are not immune to the cost of living crisis after soaring bills put a dent in Liverpool’s profits. The Premier League club achieved record revenues of £594m last season but turned a pre-tax profit of just £7.5m following a steep rise in matchday overheads. The return [...]
Some audit partners retiring early fearing regulatory scrutiny, accounting body warns August 29, 2022 Some audit partners are retiring early over fears that they might be subject to regulatory scrutiny from the UK’s audit watchdog, a major accounting body has cautioned. “It can have negative consequences for your career if there is any deficit in the audit work you’ve done,” Michael Izza, chief executive of the Institute of Chartered [...]
Record revenue and profit are ‘validation’ of Man City approach, says Al Mubarak November 15, 2023 Despite record revenue and profits, City made an operating loss of £35.6m.