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Business

  • MJ Hudson: EY quits as auditor after it ‘lost trust and confidence’ in firm’s management

    February 13, 2023

    EY has resigned as MJ Hudson’s auditor after losing trust in the company’s ability to “provide us with accurate and reliable information for audit”.  The embattled asset manager received the news in a letter from the Big Four accountancy firm this morning in which EY said it would be resigning with immediate effect. In it’s [...]

  • Share price plunges for delivery firm DX Group after confirmation of legal claim by rival

    February 13, 2023

    Courier firm DX Group has seen its shares plunge after confirming that a legal claim has been lodged against it by a rival logistics company, accusing it of alleged corporate espionage. Shares in DX tumbled as much as 11 per cent on Monday morning after it said that Tuffnells Parcels Express submitted the claim in [...]

  • Top Tory businessman quits for Labour over ‘f*** business’ attitude

    February 13, 2023

    A top Tory businessman and LGBT+ champion has quit the Conservative party after almost two decades over the alleged ‘f*** business’ attitude and response to culture war issues. Iain Anderson, founder of PR firm Cicero and chairman of LGBT+ charity Stonewall, has abandoned his longstanding party membership and vowed to support Keir Starmer’s Labour Party [...]

  • Energy: UK forked out £90bn protecting customers from Russian supply squeeze as Europe spent £700bn

    February 13, 2023

    European countries have forked out over £700bn to shield businesses and households from soaring gas prices since the energy crisis began.

  • Do you know how to excel in a competency-based interview?

    February 13, 2023

    Is there anything more daunting than a job interview? After all, there’s so much to consider. If it’s a video interview, you have to think about your connectivity, lighting and background. If it’s in person you’ll have to figure out how to get there, what to wear… That’s all before you even consider the kind [...]

  • Double stamp duty surcharge for overseas buyers to ‘level’ UK property market for locals, urges lobby group

    February 13, 2023

    The UK government should double the stamp duty surcharge overseas buyers must pay when purchasing a property in England, an industry lobby group has said. The National Association of Property Buyers (NAPB) said doubling the stamp duty surcharge would “level the playing field” amid an influx of “wealthy foreign buyers”. Under current rules, overseas buyers [...]

  • Sir Frederick Barclay: Veteran due at High Court in latest round of money fight with ex wife

    February 13, 2023

    Retired businessman Sir Frederick Barclay is due back at the High Court in the latest round of a fight over money with his ex-wife. A judge ordered Sir Frederick, 88, to hand Lady Hiroko Barclay lump sums totalling £100 million in May 2021 following the breakdown of their 34-year marriage. At the time, Sir Jonathan [...]

  • London Heathrow back to its best? 5.4m passengers passed through in January as satisfaction soars

    February 13, 2023

    More than 5.4m people travelled through London’s Heathrow airport this January, marking the busiest start to the year since 2020. Sharp upticks in travelers from Europe, North America, and the Asia Pacific region bolstered the London airport’s passenger figures to heights last seen before Covid-19, Heathrow said. The airport also saw customer satisfaction return to [...]

  • Don’t let the NIMBYs win: Onshore wind is essential to UK’s energy future

    February 13, 2023

    The government must commit to lifting highly restrictive onshore wind planning laws if it is serious about the UK's energy policy.

  • Pub insolvencies jump 83 per cent as rising energy bills force them to shut up shop

    February 13, 2023

    Britain’s pubs are at “breaking point”, hospitality chiefs have warned, after new figures reveal that the number of pub and bar insolvencies has risen 83 per cent in the last year.  According to data published by accountancy firm UHY Hacker Young, some 512 pub and bar companies went bust in 2022, up from 280 the [...]

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