Not as easy as 1,2,3: Seven accounting errors that rocked FTSE firms January 22, 2020 Ted Baker today experienced the dubious honour of joining a list of FTSE firms that have been shaken by accounting errors in the past year. The fashion retailer revealed an accounting error was more than twice as bad as it previously thought, knocking shares down seven per cent. But it is by no means the [...]
London Stock Exchange mulls £300m Covid rescue fund January 23, 2021 The London Stock Exchange is plotting a £300m listed investment vehicle aimed at offering much-needed support to companies hit hard by the pandemic. David Schwimmer, LSE chief executive, has led talks with top City figures and Treasury figures about establishing an investment trust that would list on the index. It is understood the vehicle, dubbed [...]
‘We want to be the regional magic circle firm,’ says Knights CEO January 19, 2021 Regional law firm Knights saw revenues jumped by some £14m in the second half of 2020, up to £46.2m from £31.9m in H1, and the positive year has only fuelled the firm’s ambitions. The promising results were in part delivered in part by the successful remote acquisitions of Shulmans, ASB and Fraser Brown, and the [...]
Philip Green’s Arcadia collapse to push Debenhams to the brink November 29, 2020 The imminent collapse of retail group Arcadia will push Debenhams to the brink of liquidation, as potential buyer JD Sports considers backing out of the deal. JD’s board was supposed to decide whether to go through with the Debenhams acquisition by the end of last week, but has had second thoughts after learning that Arcadia [...]
Covid restrictions drive online food shopping to record high as customers eat in to help out February 2, 2021 Online grocery shopping hit a record 14 per cent share of the UK grocery market in January, as customers bought more food to enjoy from home. The growth was boosted by a 229 per cent year-on-year rise in online spending by retired households. Supermarkets saw sales growth accelerate to 12.2 per cent in the last [...]
More than 2,000 jobs at risk as Edinburgh Woollen Mill collapses into administration November 6, 2020 High street giant Edinburgh Woollen Mill has collapsed into administration, putting more than 2,000 jobs at risk in the latest blow to the beleaguered UK retail sector. The firm, which is owned by billionaire businessman Philip Day, has appointed FRP Advisory as administrators to its Edinburgh Woollen Mill and Ponden Home brands, it announced this [...]
The future of tax in the UK, an expert view January 18, 2022 This article first appeared in ICAS’ CA magazine. Young businesses have the potential to drive post-pandemic recovery – but is the UK’s ageing tax system a help or a hindrance to entrepreneurs? Fraser Allen asks four experts to share their thoughts Earlier this year, the Institute for Fiscal Studies published a blunt assessment of the way [...]
The TV shows that kept us sane through lockdown February 12, 2021 As we approach the anniversary of the first lockdown, it’s becoming hard to remember a time when we did anything besides working all day in our pyjamas and settling down for yet another evening of TV. More than ever, the things that we have watched have helped to define and reflect the public mood, either [...]
How sports teams are using technology to recreate group training sessions with players in isolation March 29, 2020 They may be miles apart and isolated in their homes, but footballers, rugby players and cricketers across the country are finding new ways to continue training together. Sportspeople left in limbo while their seasons are delayed indefinitely by the coronavirus pandemic are still staying in shape, as they have readily documented on social media. The [...]
DEBATE: Will long-term remote working jeopardise London’s status as a global financial centre? July 23, 2020 Will long-term remote working jeopardise London’s status as a global financial centre? Giles Fuchs, chief executive of Office Space in Town, says YES. An enduring shift towards remote working and away from the office in the wake of the Covid-19 pandemic would spell disaster for London’s status as a global financial hub. Home to 1.1m [...]