Five key things to understand about SAP S/4HANA before implementing it March 30, 2020 When it was launched, S/4HANA was positioned as an opportunity to streamline processes, automate, unlock insight and innovation: a vehicle for digital transformation. At first, the reception from big business was lukewarm. But a few years on, and with many businesses now live on S/4HANA, we have a clearer view of the benefits – but [...]
Financial Reporting Council unveils plans to beef up enforcement in audit cases February 5, 2020 Audit watchdog the Financial Reporting Council (FRC) today announced plans to create a “more forceful regulator”. The FRC has been heavily criticised for the slow pace of its investigations into matters such as the audit of Hbos shortly before its collapse. It has also been criticised for its perceived toothlessness and its cosy relationship with [...]
Eddie Stobart prepares for crucial vote on future over £55m Dbay bid December 6, 2019 Struggling trucking firm Eddie Stobart is facing a key shareholder vote on its future today as it struggles with bank debts of £200m. Shareholders are set to vote on whether to accept a £55m high-interest loan from former owner Dbay, which would take 51 per cent of the company in exchange. The company has warned [...]
City Moves for 18 June – Who’s switching jobs? June 17, 2019 Today’s City Moves includes Keyword Studios, Deloitte and Capita. Keywords Studios Keywords Studios has announced that its chief financial officer, David Broderick, will be standing down from his role, and leaving the group, for personal reasons. Following an extensive search, Keywords has appointed Jon Hauck (inset), currently group financial controller and treasurer at FTSE 100 [...]
Revealed: The 50 fastest growing tech companies in the UK November 8, 2019 Firms based in London dominate a new ranking of the 50 fastest growing tech companies in the UK. Fintech bank Revolut took poll position as the technology firm with the quickest revenue expansion in the index, compiled by audit firm Deloitte. Read more: Gocardless and Transferwise join forces for global recurring payments service Revolut racked [...]
Car industry calls for electric vehicle tax break as new sales decline March 5, 2020 The Society of Motor Manufacturers and Traders (SMMT) has called for a tax break on all new battery electric, plug-in hybrid electric and hydrogen fuel cell electric cars in order to encourage the take up of more environmentally friendly models in the UK. According to the SMMT, cutting VAT on such models would reduce the [...]
Teesside Freeport May 27, 2021 When Chancellor Rishi Sunak awarded Teesside freeport status in his March Budget, it marked a seminal moment for the Tees Valley’s industrial landscape, which promises to deliver seismic economic and employment change. According to findings from the Tees Valley Combined Authority*, Teesside’s new freeport holds the potential to create more than 18,000 skilled jobs over [...]
Jobs on line as Boohoo set to take over struggling Karen Millen August 5, 2019 Concerns were raised for over 1,000 jobs this evening as it emerged that online retailer Boohoo looks set to snap up British brand Karen Millen. Sky News reported that negotiations continued into the night, and the deal could be finalised when Deloitte is appointed as administrator to Karen Millen. Read more: UK fashion brand Karen [...]
Crypto AM Valentine’s Keynote, Panel & Networking Soirée February 3, 2022 As our social lives begin returning to normal, Crypto A.M. invites you to our first networking event of the year on Thursday 17 February. We’ll be throwing open the doors of The Lowback at Hawksmoor Wood Wharf for the Valentine’s Keynote, Networking & Soiree at 5.30pm Joining us will be a host of excellent keynote [...]
John McDonnell says Labour will break up Big Four ‘cartel’ November 19, 2019 Shadow chancellor John McDonnell today promised to break up the “cartel” of the Big Four accounting firms if Labour wins the upcoming election. “Under Labour the Big Four companies will not be allowed to continue to act like a cartel,” McDonnell told a Westminster audience during a speech on Labour’s plans for the economy. The [...]