Head of KPMG South Africa steps down after one year, following corruption scandal October 3, 2018 KPMG South Africa said today it was searching for a new chief executive from outside the company, after its current boss stepped down after just 12 months in the role. The professional services firm has seen its reputation in the country devastated by its involvement in a series of corruption scandals, which have seen it [...]
Art feud escalates as Russian billionaire targets Sotheby’s in $370m lawsuit October 3, 2018 A Russian fertiliser tycoon is launching legal action against Sotheby’s New York auction house in a dramatic twist to a bitter feud over billions of pounds worth of artwork. Dmitry Rybolovlev, a well-known socialite and president of AS Monaco football club, is taking the traditional art broker to Manhattan federal court through his companies for [...]
A guide to good money: How to invest ethically and sustainably October 3, 2018 Good Money Week is now upon us. Launched in 2005, this campaign has nudged sustainable, responsible, and ethical financial products into the spotlight. And it’s the investment industry where this trend has really gained traction, with terms like socially responsible investing (SRI) and “impact investing” coming to the fore. Indeed, it wasn’t long ago that [...]
May’s Day: Prime Minister to fight back in key conference speech October 3, 2018 Theresa May will attempt take back control of the Conservative conference today with a keynote speech attacking Labour and talking up the UK's post-Brexit future. After three days of her party conference being dominated by the twin spectres of Brexit and Jeremy Corbyn, the Prime Minister will try to convince Tory members to back her [...]
Debate: Is the recent rule change for houses in multiple occupation (HMOs) fair on tenants? October 3, 2018 Debate: Is the recent rule change for houses in multiple occupation (HMOs) fair on tenants? YES – Dan Wilson Craw is the director at Generation Rent. Many people can only afford to rent in a shared house. But some landlords exploit their desperation for a place to sleep by cramming dozens of people into houses [...]
BBC’s The Apprentice is back. What can the show teach us? Don’t be a jerk October 3, 2018 The Apprentice returns today for its fourteenth series, along with Lord Sugar and his pointy finger of boardroom doom. Why do we still love it so much? Well, there’s the stirring Prokofiev Dance of the Knights music, aerial shots of London looking glorious, some hysterical tasks, Karren Brady looking cross, Claude Littner looking exasperated, and [...]
Wincanton gets share boost as it stays on track to meet full-year targets October 3, 2018 Logistics firm Wincanton got a boost to its share price this morning after it said it was on track to meet its targets next year. A trading statement ahead of its half year results said the group had experienced "good levels of trading" in the first half and expected its full year results up to 31 [...]
UK services sector growth slowed in September October 3, 2018 Business activity slowed slightly in September, according to a closely followed measure of services sector activity. The UK services purchasing managers’ index (PMI) hit 53.9 points in September, compared to 54.3 in August, according to figures released today from data firm IHS Markit and the Chartered Institute of Procurement and Supply, staying well above the 50-point [...]
Pret a Manger to introduce full ingredient labelling following customer allergen death October 3, 2018 High-end sandwich store Pret a Manger has said it will label all the ingredients in its products following the death of a teenager from an allergic reaction to one of its baguettes. Natasha Ednan-Laperouse, 15, had a severe sesame allergy and died after eating a baguette, which did not list all of the ingredients, from [...]
Costa ad banned for telling consumers to pick bacon sandwiches over avocados October 3, 2018 The advertising watchdog has banned a Costa advert for encouraging consumers to chow down on a bacon sandwich rather than avocados. A radio ad told listeners there was "a great deal on ripen-at-home avocados", but added they'd only be ripe to eat "for about 10 minutes then they'll go off". Read more: Costa sold to Coca-Cola: [...]