Next agrees deal to rescue Victoria’s Secret UK business and 500 jobs September 15, 2020 Next has agreed a deal with Victoria’s Secret owner L Brands to rescue its UK business, which is currently in administration, in a move that will save around 500 jobs. The joint venture will operate all Victoria’s Secret stores in the UK and Ireland, subject to approval from its landlords. Its UK online business, which [...]
Crypto AM shines its Spotlight on Tatum September 24, 2020 Tatum is a unique platform that tackles blockchain developers’ biggest problems today: speed, accessibility and interoperability. It reduces development time to mere hours and is extremely easy to use. Anyone with little to zero coding knowledge can benefit from its features at no cost – Tatum has made its platform open source for everyone. As [...]
Kalifa Review: UK Fintech competition must play out on the global stage, not the national February 26, 2021 It’s a well-known fact that the UK is a global leader in Fintech, and that London sits at its helm. In 2020 alone, UK Fintech attracted $4.6 billion of venture capital investment, and some 44 per cent of Europe’s Fintech companies valued at over $1 billion (tech unicorns), hail from the UK. What is less [...]
Boohoo kicks off search for new auditor as PwC steps down October 19, 2020 Controversial fast fashion retailer Boohoo (BOO) has launched a search for a new auditor, with PwC stepping down in the wake of a report into abuses in the clothes company’s supply chain. Boohoo said in a statement that it had “recently launched a competitive tender process for the group’s audit”. It said that PwC – [...]
Gender pension gap narrows but women still lag behind November 11, 2020 Women will need to work beyond 100 to match men’s pension pots even as the gender pension gap narrows. More women are putting money aside for retirement, with the pension gap closing to just one per cent, the narrowest on record according to pension provider Scottish Widows. Despite this, the gender pay gap and part-time [...]
Test and Trace is failing to persuade 20,000 people to self-isolate each day, Dido Harding admits February 3, 2021 Around 20,000 people each day who should be self-isolating are not being convinced to do so by the government’s NHS Test and Trace scheme, chief executive Baroness Dido Harding has admitted. Facing a grilling from the Commons science and technology committee, Harding said that based on last week’s Test and Trace figures “circa 20,000 people [...]
Lookers reveals £19m hole in suspected fraud probe June 29, 2020 Troubled car dealership firm Lookers today said that it would make a £19m adjustment to its accounts in order “to correct overstatements in profitability over several years”. The dealership chain is having its accounts reviewed by Grant Thornton and Deloitte after identifying “potentially fraudulent transitions” this year. As a result of the probe, Lookers has [...]
Trevor Steven: Lampard’s Chelsea had become a runaway train but Tuchel is the perfect man to steer them back to the top January 27, 2021 Chelsea need a manager who can pick up the reins quickly and in Thomas Tuchel I think they’ve got the perfect man. Experience at a big club? Check. Knows how to handle superstars? Check. Able to get a team performing at close to their maximum? Again, check. And that’s all in his last job at [...]
City Moves for 19 February – who’s switching jobs at Deloitte, Personal Group and BNP Paribas? February 19, 2019 Who’s on the move today? Deloitte Deloitte has appointed Chris Bostock as a director in its financial crime practice. With over 15 years’ experience, he joins from the economic crime team at the National Crime Agency (NCA) where he was the threat lead for money laundering. He led the joint money laundering intelligence taskforce, a [...]
RSM pays back £4.4m furlough cash December 16, 2020 Audit challenger firm RSM has repaid £4.4m to the government, having decided to do so in a board meeting earlier this month, City A.M can reveal. RSM’s board made the decision to repay the the money in full on 8 December. CEO Rob Donaldson said the firm did not see the decision as an opportunity [...]