Fees paid to FTSE 100’s auditors hit record sums of more than £1bn December 20, 2022 The UK’s top 100 listed companies paid more than £1bn to their auditors for the first time in 2021/22, following a steady uptick in audit fees linked to a tougher stance from the UK’s accounting regulator. FTSE 100 companies paid a record £1.01bn to their auditors for both audit and non-audit services, in the year [...]
Activist investor calls for PurpleBricks chairman to resign July 11, 2022 PurpleBricks could have a shareholder revolt on its hands, after one activist investor called for the estate agent’s chairman to resign today. The online-only agency has struggled to maintain its market share, despite the transition over to virtual spaces during the pandemic. In a letter to the company, Adam Smith’s investment vehicle Lecram Holdings said [...]
New car market ‘growing back and growing green’ with EV surge – but rate hikes peak concern July 5, 2023 Britain’s new car market recorded its 11th consecutive month of growth in June with registrations rising 25.8 per cent – but it might not be smooth driving in the near future. Just under one million new cars were registered in the first half of 2023, up 18.4 per cent on the previous 2022, according to [...]
The government didn’t want to ban vaping – the industry only has itself to blame January 28, 2024 Our government doesn’t like banning things. It’s only by not fulfilling its basic obligations to society that the industry has got itself in this mess.
Premier League spending down in this summer transfer window as Covid-19 pandemic forces clubs to tighten belts August 24, 2021 The pandemic has forced Premier League clubs to dial down their summer transfer spending, according to new research by Deloitte. With one week of the transfer window remaining, England’s top-flight teams have committed £70m less in gross terms than at the same stage last year. And although Manchester City broke the Premier League transfer record [...]
SMMT: EV bolster January growth but shortages hinder recovery February 4, 2022 The UK automotive sector has recorded a positive start to the year, with 115,087 new cars registered – 27.5 per cent up on 2021 levels. According to Society of Motor Manufacturers and Traders (SMMT) figures, January’s growth was driven mainly by electric vehicles (EV), with battery electric, plug-in hybrid and hybrid cars account for 71.5 [...]
Best of 2021: The unstoppable rise of NFTs December 27, 2021 You could scarcely of made it through 2021 without hearing about NFTs, otherwise known as non-fungible tokens.
High profile scandals saw UK’s audit watchdog hand out record £46.5m in fines last year July 28, 2022 The UK’s Financial Reporting Council (FRC) issued a record £46.5m in fines over the past year, after the audit watchdog handed out a series of huge fines to Britain’s top accounting firms in the wake of a series of high-profile accounting scandals. The value of fines issued by the UK’s Financial Reporting Council (FRC) [...]
‘Breathtaking’ HS2 failure slammed after whistleblowers allege cover-up October 22, 2023 The government is facing fresh political backlash over HS2’s “staggering failure” amid whistleblower accusations.
Audit watchdog’s move to Birmingham could spark staff exodus, industry experts warn September 6, 2022 The government’s decision to pick Birmingham as the future home for the UK’s new audit watchdog could see an exodus of talent from the regulator it is set to replace, industry experts have warned. City A.M. reported yesterday that ministers had picked the UK’s second largest city, Birmingham, as the home of the soon-to-be-launched Audit, [...]