UK’s audit watchdog calls on top accounting firms to boost measures against exam cheating December 21, 2022 The UK’s accounting watchdog has called on Britain’s seven largest auditors to improve the measures they have in place to prevent cheating on exams, following a series of international cheating scandals involving the world’s biggest audit firms. In a letter seen by City A.M., the UK’s Financial Reporting Council (FRC) called on the country’s top [...]
UK services activity rises at fastest pace in eight months February 5, 2024 The UK's services sector saw a "solid increase" in business activity last month, as well as an uptick in job creation, according to a closely watched survey.
Next snaps up collapsed Made.com in £3.4m swoop November 9, 2022 NEXT snapped up the brand, domain names and intellectual property of Made.com for £3.4m in a prepack administration this morning, just 18 months after it made its £775m London debut. In a statement this morning, Made.com confirmed it had appointed administrators PwC to sell off its other assets and pay off its debts. Former chief [...]
Harland and Wolff: Titanic maker’s shares to stay suspended as stakeholders fear bankruptcy August 12, 2024 Harland and Wolff's Aim-listed shares have been suspended since July after accounting issues forced it to delay publishing its annual report.
Britain hurtling toward long economic slump and record living standards squeeze September 6, 2022 Britain is sinking into a long economic slump that will deal the biggest hit to household finances on record, a new report released today shows. A historic inflation surge led by sky-high energy bills is set to tip the country into a recession this year, wiping off £2,000 of Brits’ real take home pay, according [...]
UK defence sector raked in £28bn last year as war drives military spending June 26, 2024 The UK defence sector grew by 36 per cent between 2013 and 2023 and raked in £28bn last year as war drives military spending globally, according to a new report.
Amazon taxes: Retailer moves into top-15 of UK taxpayers June 1, 2023 Online giant Amazon has revealed it paid £781 million in direct taxes last year, a jump of more than £130 million from the prior year, as it continued its rapid expansion across the nation. The global marketplace and technology firm said it invested more and generated higher revenues over 2022. With a workforce of 75,000 [...]
Recharge looks to rehire former Britishvolt execs as rescue deal falters April 2, 2023 Recharge has been holding talks with two former top executives amid concerns its attempt to rescue Britishvolt is faltering.
This part of Britain follows London as the next best place for finance grads January 10, 2024 London reigns as the top destination for finance grads, which won’t come as a shock for many readers. But one part of the country is hot on the capital’s heels. It might not come as a surprise that London is the best place for finance graduates in the UK, with both the highest median wage [...]
Bank dealmaking slumped to a five year low in 2022 – will it rebound this year? January 26, 2023 Mergers and acquisitions involving Europe’s top lenders slumped to their lowest level in five years last year as aggressive moves by central banks spooked dealmakers, new research has revealed.