LinkedIn: Barclays, Tesco and NatWest ranked top three UK workplaces April 28, 2021 Barclays has been crowned the best company to work for, followed by Tesco and NatWest, according to LinkedIn’s list of the 25 top workplaces in the UK. The list ranks workplaces on their capacity to build and sustain a long-term career and have been compiled based on actions taken by the platform’s 30m UK members [...]
UK financial services sector maintains stable tax contribution amid Brexit and COVID-19 uncertainty February 10, 2021 A new report published by the City of London Corporation today (10 February), shows that the UK’s financial services sector contributed a record £75.6bn in tax in the year to March 2020 – a period covering significant uncertainty about the UK’s relationship with the European Union. This contribution remained stable compared to the previous year’s [...]
Ex-government minister Justine Greening joins On the Beach board March 5, 2021 Former government minister Justine Greening has joined the board of online travel agent On the Beach. Greening, who was the Conservative MP for Putney, Roehampton and Southfields between 2005 and 2019, has been appointed as a non-executive director with immediate effect. On the Beach said her experience in Westminster will help it navigate the “major” [...]
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 [...]
Banks move to buy parts of NatWest’s Irish loan book February 19, 2021 Allied Irish Banks has entered a non-binding agreement to buy around €4bn of corporate and commercial loans from NatWest’s Irish outfit, while separate talks elsewhere are ongoing to buy other assets. This morning NatWest announced it will pull out of its operations in the Republic of Ireland, after reporting a £351m annual loss in 2020. [...]
Abrdn snaps up retail investing platform Finimize in second digital acquisition October 29, 2021 Abrdn, formerly Standard Life Aberdeen, has acquired retail investing content platform Finimize for an undisclosed sum, in its second major digital investment this year. It’s a move that reinforces CEO Stephen Bird’s focus on bolstering the asset manager’s digital capabilities for its personal and institutional investors, and comes just two months after it acquired AI [...]
Paperchase rescue deal to save 1,000 high street jobs January 27, 2021 High street stationery retailer Paperchase is set to announce a rescue deal today that is expected to save around 1,000 jobs. Paperchase will be sold through a pre-pack administration to Permira Debt Managers – connected to its current private equity owners – which has provided funding for the business since 2015, Sky News reported. Up [...]
Reconomy wins Queen’s Award for enterprise May 7, 2021 Reconomy, the UK’s leading provider of outsourced waste and resource management, recycling services and environmental compliance, has been awarded a highly prestigious Queen’s Award for Enterprise, presented on behalf of Her Majesty The Queen, for demonstrating excellence in the field of innovation. Now in its 55th year, the Queen’s Awards for Enterprise are widely acknowledged [...]
Lockdown expected to delay client results and accounts, KPMG says November 6, 2020 The current national lockdown across England is expected to delay the announcement of results and accounts of clients, KPMG UK has said. The Big Four firm told City AM it is expecting and preparing to delay the announcement of results and accounts of some of the entities it audits. England entered a second national lockdown [...]
Scottish Power: energy price cap not working October 19, 2021 The UK’s energy price cap is not working and the country is now paying the price, argues the boss of Spanish energy giant Iberdrola. Ignacio Galan, chief executive of Iberdrola, which owns Scottish Power, believed that the price cap is a short-term solution to protect consumers that has caused long-term damage to the market. He [...]