EV market shows signs of maturing as second hand sales double May 10, 2022 The UK electric vehicle market has shown signs of maturing as the number of second hand sales has doubled over the last year, according to a quarterly report by the Society of Motor Manufacturers and Traders (SMMT) published today. Despite a combination of Covid-induced supply chain issues – including semiconductor shortages – and the impact [...]
Auditors make their move but their homework needs checking May 29, 2022 Compiling a list of all the scandals, cock-ups and mistakes that auditors have been implicated in over the past decade would take up more space than this column allows. Even a high bar for only the most catastrophic would still require us to pursue the errors in the audits of Patisserie Valerie, Conviviality, Carilion and [...]
Moving markets today: What’s shaping the FTSE 100 this morning January 8, 2024 Moving Markets Today: Asia Stocks Trade in Tight Ranges, U.S. Congress Leaders Finalize $1.66 Trillion Budget; Alaska Airlines Cancels 170 Flights, Corporate Earnings Season Begins Investors in Asian stock markets were cautious as they await inflation data from both the U.S. and China, as well as company earnings. U.S. Congress leaders have agreed on a [...]
EY working to spin off its audit business in biggest shakeup of any Big Four firm in two decades May 27, 2022 EY is working on splitting its business in two, to separate out its audit and advisory operations. The accountancy firm is planning the biggest shakeup to the Big Four in two decades, by spinning off its audit business into a separate firm, according to the Financial Times. EY’s plans come as part of ambitious efforts [...]
Dorries takes aim at GDPR with fresh data laws June 16, 2022 Nadine Dorries has continued to pave the way for the post-Brexit digital landscape this evening, emphasising the UK’s departure from EU bureaucracy. In its fresh consultation released tonight, the government have set out how the Data Reform Bill announced in this year’s Queen’s Speech will strengthen the UK’s data protection standards while reducing burdens on [...]
Ovo Energy makes eleventh hour bid to snatch Bulb from rival Octopus October 20, 2022 Ovo Energy has launched a last gasp bid to snatch Bulb Energy (Bulb) from the tentacles of rival supplier Octopus Energy.
Letters: No time to call fin on fintech February 8, 2022 [RE: UK fintech investment hits £27.5bn, a sevenfold increase in just twelve months, yesterday] The sevenfold increase in UK fintech investment shouldn’t come as a surprise. If anything, the turmoil of the past year has highlighted the glaring need to move away from pre-pandemic infrastructure and embrace technology as the UK builds more efficient trading [...]
Spending cool down weighs on London-listed supermarkets April 12, 2022 Early signs of consumers pulling back on spending drove supermarkets lower today in the City, dragging down London’s top indexes. The capital’s premier FTSE 100 index dropped 0.55 per cent to 7,576.66 points, while the domestically-focused mid-cap FTSE 250, which is more aligned to the health of the UK economy, fell by the same amount [...]
Business secretary to unveil neurodiversity business forum for greater support March 21, 2022 Business and banking heavyweights including Unilever and the Bank of England have launched a new forum for neurodivergent people in business. The Neurodiversity in Business (NiB) forum is set to support the neurodivergent community in the workplace, taking into account the strengths and differences of “brain-wiring”. Business secretary Kwasi Kwarteng will unveil the new body [...]
PwC: 80 per cent of Big Four’s staff hail from higher socio-economic class September 15, 2021 Less than 15 per cent of the Big Four’s workforce come from a lower socio-economic background, according to data published by the accountant for the first time today. Staff from a higher socio-economic background, on the other hand, make up over four-fifths of the workforce at PwC UK, which was named the top employer for [...]