Bain Capital strikes deal to buy Virgin Australia out of administration June 26, 2020 Investment fund Bain Capital has announced that it has agreed to buy embattled Virgin Australia out of administration for an undisclosed sum. The airline’s administrator Deloitte said that Bain’s bid had been selected over that of rival Cyrus Capital Partners and a proposal from Virgin’s bondholders. Deloitte admitted that the carrier’s shareholders were not expected [...]
Twice as many young people want permanent flexible working post-Covid October 30, 2020 The rapid acceleration of home working caused by the coronavirus pandemic has sparked a generational divide in how employees would prefer to work post-Covid, a new survey suggests. Twice as many under-35s want permanent flexible working options post-pandemic compared to over-55s, according to new research by Deloitte. Some 64 per cent of under-35s said they [...]
Tingo Group reveals impressive 2022 financial results April 6, 2023 Tingo Group, Inc. (NASDAQ: TIO) has announced its financial results for the fiscal year ending December 31 2022.
Audit reforms: IoD call for caution in plans to break Big Four dominance July 8, 2021 The government should approach its plans for an audit and corporate governance reform with greater caution, said the Institute of Directors (IoD). A government white paper aimed at breaking up the concentration of the Big Four auditing firms – Deloitte, PwC, KPMG and EY has stirred criticism from the business group, who said that the [...]
New Byron owner Calveton mulls acqusition of rival chain Gourmet Burger Kitchen September 16, 2020 Gourmet Burger Kitchen’s South African owner is pushing ahead with a process to sell the casual dining chain, with the new owner of Byron reportedly plotting to buy the firm. Deloitte has begun contacting prospective buyers of GBK over the past week, Sky News reported, which would make it the latest restaurant group to be [...]
A bank to bridge the gap November 12, 2021 Eleven months after the announcement of a new national infrastructure bank it made its first investment. Can this new institution follow the success of its predecessor the Green Investment Bank and have a real impact on a green future. Our Green Finance Forum panel discusses. Level up On October 25th this year, the UK National [...]
Targeting globally comparable disclosure standards November 11, 2021 Companies and consumers are increasingly looking beyond climate change as they consider wider environmental social and governance issues. A supportive regulatory foundation therefore is needed to help the financial sector to respond effectively. It’s not only ethically minded consumers that want to know the source and environmental and human impact of products that they buy, but [...]
Long fraud trial looms for tech tycoon Mike Lynch as Priti Patel approves extradition to US January 29, 2022 The extradition of British technology tycoon Mike Lynch to the United States to answer criminal fraud charges has been approved by Home Secretary Priti Patel. “On January 28, following consideration by the courts, the extradition of Dr Michael Lynch to the US was ordered,” a Home Office spokesperson said last night. “Under the Extradition Act [...]
Asos shares jump as retailer confirms exclusive talks to buy Topshop January 25, 2021 Shares in Asos jumped more than five per cent this morning after the online retail platform announced it is in exclusive talks to buy Topshop – the jewel in the crown of Sir Philip Green’s collapsed business empire. Asos said this morning that it is in discussions with Deloitte – Arcadia’s administrator – to buy [...]
FTSE 100 firms ‘should have one BAME board member by 2021’ October 1, 2020 FTSE 100 firms should have at least one black, Asian, or minority ethnic (BAME) member on their boards by 2021, the Confederation of British Industry has said. The CBI is set to launch its Change the Race Ratio campaign later this month with support from companies including Aviva, Brunswick, Deloitte and Microsoft, in a bid [...]