Retail sales fall as reopening bounceback runs out of steam September 17, 2021 Retail sales volumes dropped 0.9 per cent last month as Brits rushed to dine out at restaurants when lockdown restrictions eased and stores faced supply disruption. A dip in food store sales of 1.2 per cent and a 1.5 per cent jump in automotive fuel sales suggests that people leaned into post-lockdown freedoms by travelling [...]
Ministers to start searching for new audit watchdog chair May 7, 2021 The Department for Business, Energy and Industrial Strategy (BEIS) will shortly kick off the search for the new chair of the Financial Reporting Council (FRC). BEIS will advertise for the role in the coming weeks, Sky News first reported. The FRC’s current interim chair Keith Skeoch has reportedly had his contract extended in recent weeks [...]
Decentralised open source protocols = freedom January 8, 2023 Dr Kacher explains how Web3 enables decentralised DAOs which offer open source protocols that are funded by DAOs and NFTs.
Exclusive: Why venture capital terms sheets can be fatal for any scaleup March 22, 2022 The moment an entrepreneur gets that email from a prospective VC with a term sheet – when a business moves into the next growth stage – excitement kicks in. However, many founders make one crucial mistake, namely not to interrogate their terms sheet in a lot more detail than they were expecting to. For many [...]
Hong Kong and Singapore to open travel bubble in May April 26, 2021 Hong Kong and Singapore will open a travel bubble allowing quarantine free travel between the two countries from 26 May. The plan was meant to come into effect in November but had to be delayed due to a surge in Covid-19 cases in the former. It will be the second such arrangement to open, following [...]
Role reversal: Why reverse mentoring is a ‘no-brainer’ October 27, 2021 Even before the pandemic, the World Economic Forum was describing reverse mentoring as a ‘no-brainer’. Now, as employers look to establish new working norms, Patrice Gordon CA explains why it could prove business critical. This article first appeared in ICAS’ CA magazine. Accountancy and psychology may seem an odd combination for a degree student. But for [...]
PwC resigns as Staffline auditor following delay to 2018 results August 12, 2019 Recruiter Staffline said today that is auditor PwC has resigned after it put its audit contract out to tender. Staffline significantly delayed the release of its 2018 results after PwC received an anonymous email the day before their schedule released raising concerns about Staffline’s accounting practices. Read more: Staffline shares plunge after firm reveals £32.6m [...]
‘Risky’ FTSE firms could be shunned by worried auditors fearing backlash May 29, 2021 There are worries that the crushing weight of public criticism combined with record-breaking fines could see perceived ‘risky’ FTSE companies shunned by auditors. Following large-scale collapses like Carillion and Patisserie Valerie, the audit sector has faced harsh criticism, having come under both the media and government’s spotlight for failing to do their jobs properly. According [...]
Staff shortage warning for City’s financial services sector October 14, 2021 Over a fifth of financial services firms have warned that the ongoing staff shortage is limiting investment in the sector, according to a new report by the Confederation of British Industry (CBI) and PwC. “In such a competitive market, ensuring the UK’s process for attracting global talent is quick, efficient and workable is key – [...]
A decentralised world brings economic efficiency, economic proficiency, stability, and peace of mind – Part 1 March 6, 2023 In a two-part series, Dr Chris Kacher examines and explains how a decentralised world could work - part one is about the metaverse.