Coronavirus: Global airlines warn that up to 25m jobs at risk April 7, 2020 Aviation industry body the International Air Transport Association has said that up to 25m jobs could be at risk due to the global slump in travel as a result of the coronavirus outbreak. According to IATA chief executive Alexandre de Juniac, worldwide demand has slumped 70 per cent due to the crisis, with the figure [...]
Mazars says joint audits and market caps are solution to audit sector woes November 4, 2018 Mazars, the professional services firm which is France’s fifth-largest auditor, has weighed in on the under-fire sector’s future, calling for market share caps and joint audits to disrupt the dominance of the Big Four firms. It is the first large audit firm to release its response to the Competition and Markets Authority (CMA), which is [...]
City Moves for 12 February – who’s switching jobs at CMR Surgical, The Ozone Project and Deloitte? February 11, 2019 Who’s on the move today? CMR Surgical CMR Surgical, the British company developing a next-generation surgical robot, has announced the appointment of Ingeborg Øie as chief financial officer and member of the Board of Directors, effective from 25 February 2019. Ingeborg joins CMR Surgical from Smith & Nephew, the FTSE 100 global medical technology business, [...]
With increased scrutiny of the profession, it’s time for auditing to be in the public interest May 16, 2019 Auditing in the UK is undergoing unprecedented scrutiny, and the magnifying scope is focusing on all aspects of the sector. The myriad reviews, some of which are ongoing, are being conducted by regulators, politicians and government departments, each separately looking at audit’s effectiveness, competition across the sector, and its future in general. Most notably, the [...]
ii winter portfolios 2018-19 deliver mega profits March 13, 2019 Four months into this six-month strategy and both our winter portfolios are thriving, writes Lee Wild. Finding a trading strategy that works 100 per cent of the time is the Holy Grail of investing. We’re not claiming to have found it here, and seasonal trading is not for everyone, but there is a statistical anomaly backed [...]
Wrong masks, retrospective due diligence and absent records: Litany of govt PPE failure laid bare November 18, 2020 A report by the National Audit Office (NAO) has offered examples of some of the failures made by the Cabinet Office when it came to procuring personal protective equipment (PPE) in the early days of the Covid-19 pandemic. The investigative report, which was published by the NAO today, has outlined examples of the government handing [...]
Elitist Britain: how can we make business more meritocratic? July 17, 2019 The UK may have been spared an all-Etonian Tory leadership contest, but Britain is still an undoubtedly elitist country. While just seven per cent of Brits were educated privately, 65 per cent of senior judges, 59 per cent of top civil servants, 39 per cent of cabinet ministers, and 44 per cent of newspaper columnists [...]
Reforming audit will not be easy, but the latest report might be a place to start April 9, 2019 Sir Winston Churchill’s 1942 speech about the second battle of El Alamein contained one of his most famous quotes. It was not, he said, the end – nor even the beginning of the end – but it was perhaps the end of the beginning. One could be forgiven for harbouring similar feelings about the long [...]
Pound crashes to 1980s lows amid coronavirus sell-off March 18, 2020 The British pound has suffered a historic plunge to its lowest level since 1985 as concerns mount about the economy amid the coronavirus outbreak and as investors flock towards the dollar. Sterling was last down four per cent against the dollar at $1.158, its lowest point since the economic turbulence of the 1980s and one [...]
Scammers cost savers £202m in blow to pension pots January 21, 2019 More than 3,000 savers have lost a combined £202m to pension scammers in recent years, whose companies were later shut down by the government. The Insolvency Service warned investors today to guard their pension savings from investment scammers and negligent trustees, after it applied to the courts to wind up 24 companies that have carried out a [...]