Threat of ‘no deal’ Brexit weighs on British business confidence | City A.M. August 6, 2018 The threat of a ‘no deal’ Brexit is weighing heavily on business optimism as the international trade secretary, Liam Fox, warns that EU “intransigence” means leaving without a trade agreement is now the most likely outcome. A survey of 1,000 senior British professionals by the Institute of Chartered Accountants (ICAEW) will today show that confidence [...]
FTSE 100 and FTSE 250 reopen after glitch hits morning trading August 16, 2019 Trading in FTSE 100 and 250 stocks has reopened after a software issue that delayed the starting bell this morning was resolved. The London Stock Exchange (LSE) said it had “experienced a technical software issue” that had “affected trading in certain securities” but that this had been resolved. Read more: London stock exchange seals $27bn [...]
Hackers ‘tried to steal Airbus secrets’ in targeted cyber attacks September 26, 2019 Airbus has fallen victim to a spate of cyber attacks over the past few months via the computer systems of its suppliers and contractors, according to AFP news agency. The world’s second-largest aerospace group, which is also one of the world’s foremost weapons manufacturers, admitted it “is a target for malicious actors,” but would not [...]
Moore Stephens partner says it is ready to take on FTSE audits as revenues grow for third year October 5, 2018 The managing partner of Moore Stephens, the UK’s ninth-biggest accountancy firm, has said the company is “well-positioned” to pick up FTSE-listed clients, as it announced revenue growth for the third consecutive year. The professional services firm’s UK operation posted revenue of £137.5m in the year to April, a 13 per cent rise on the year [...]
Bosses should take blame for bad corporate reports, says Big Four’s EY November 4, 2018 One of the UK’s biggest audit firms has said top bosses and directors should take individual responsibility if their companies make errors in financial reports. EY, one of the Big Four audit firms, said regulators should adapt the US system of corporate responsibility, which stipulates C-level executives must personally confirm the integrity of their companies’ [...]
Pearson CEO to depart as it sells $675m stake in Penguin Random House December 18, 2019 Pearson’s chief executive today announced that he plans to step down in 2020, triggering a search for a successor. John Fallon said he would retire from the role as the education publishing business sold its final stake in Penguin Random House today. Read more: Pearson bags Home Office contract for English language tests He will [...]
PwC offers muted support for audit market caps and increased oversight November 15, 2018 Britain’s biggest auditor has offered equivocal backing to a range of sector reforms, including a cap on market share for firms and more independent oversight of audit appointments. PricewaterhouseCoopers (PwC), the largest of Britain’s Big Four auditors, told the Competition and Markets Authority (CMA) a limit on the number of top firms any single auditor [...]
Marks & Spencer profit knocked lower by poor clothing sales November 6, 2019 Weak clothing and home sales knocked profit 17 per cent lower at Marks & Spencer in its latest half-year, it revealed today. But the high street chain’s share price led the FTSE risers, climbing up 5.3 per cent to 192.05p, as investors felt it could have been a lot worse as boss Steve Rowe said [...]
Pension schemes urged to be transparent about whether they’re making ‘socially responsible’ investments September 11, 2018 Savers will be able to easily check whether their pension is being invested in ethical or environmentally friendly investments in new measures outlined by the government today. Regulations expected to be brought in this week will require trustees of schemes to disclose where people's savings are going. Pension scheme members will be able to see [...]
Rishi Sunak Summer Statement: All the Chancellor’s spending pledges July 8, 2020 Chancellor Rishi Sunak today announced a raft of measures in his Summer Statement in a bid to help the UK economy recover from the worst effects of coronavirus. The Treasury boss revealed massive public spending to bolster the UK economy in what people are calling his mini-Budget. While he did not extend the government’s furlough [...]