KPMG settles lawsuit over Quindell audit negligence claim November 14, 2022 KPMG has paid out £5m to settle a lawsuit over audit failings at UK insurance software group Quindell - now called Watchstone.
EY to delay partner votes due to complex legal wrangling November 14, 2022 Votes on plans to split EY in two are not set to begin until the start of next year, after being delayed by legal wrangling. The ballots, which were set to start this month, will not take place until early 2023, due to the complexities the firm has faced in finalizing the legal framework through [...]
Gold prices ease from 10-day rebound as Fed signals more rate hikes November 14, 2022 Gold prices slipped back from a four-month high last week, closing the curtain on a 10-day rebound, with more interest rate hikes on the way.
City pay war continues as top US law firm hikes London lawyers salaries to £170,000 November 14, 2022 New York City law firm Simpson Thacher has hiked salaries for its newly qualified (NQ) lawyers to heights of £170,000 a year in a sign the City pay war is showing no signs of slowing down. The white shoe law firm has given NQ lawyers in its London offices a £12,000 a year pay [...]
Rosneft plans £3bn dividend payout as Russia scrambles for revenues November 14, 2022 Rosneft has confirmed it will make its first ever nine-month dividend pay-out, as Russia scrambles to raise revenues to boost flagging economy.
Many Brits to turn off Christmas lights in bid to save energy November 14, 2022 Christmas is set to be a bit less sparkly this year with a massive upsurge in Brits not putting up Christmas lights to save energy. The soaring cost of electricity means 16 per cent of UK households will avoid plugging in fairy lights on their tree and across their house, which light up many streets [...]
FRC fines hit record highs as watchdog sends ‘clear message’ to UK’s audit sector November 14, 2022 The UK’s Financial Reporting Council (FRC) fined auditors a record £33.3m in the year running up to 30 September 2022, new figures from Thomson Reuters Confirmation shows. The record high sum marks a 77 per cent increase on the £18.7m fines – after discounts and adjustments – handed out in the previous year. The [...]
OakNorth boss: Government must lure investors to lock-in homegrown tech firms November 14, 2022 The government must lure investors to the UK if it is to lock-in homegrown tech firms, the co-founder of London-based fintech OakNorth has said. London, which was today overtaken by Paris as Europe’s biggest stock market, has been “having a tough time convincing technology companies to list here,” Rishi Khosla wrote in The Times today. [...]
UK crypto chiefs call for tighter regulation in wake of FTX collapse November 14, 2022 Top crypto firms have called for tighter regulation of digital assets in the UK today as lawmakers look to safeguard investors in the wake of the collapse of the FTX exchange last week.
Sainsbury’s now using imported Italian eggs amid ‘supply challenges’ November 14, 2022 Sainsbury’s is now importing its eggs from Italy due to a supply crisis sparked by the avian flu outbreak. The supermarket giant admitted it and other rivals are “experiencing some supply challenges with eggs”, after a report on Friday outlined the staple food had soared in price. One Twitter user shared an image of eggs [...]