Deloitte fined for pension scheme audit failures November 6, 2020 Big Four firm Deloitte has been fined £362,500 for failures relating to the audit of a former client’s defined benefit (DB) pension scheme and the carrying value of the company’s intangible assets. The Financial Reporting Council (FRC) described the former client as one of the largest local and regional multimedia organisations in the UK responsible [...]
City Hall moves People’s Question Time online for first time November 6, 2020 City Hall said today that the first ever virtual People’s Question Time will be held on 12 November. The Mayor of London, Sadiq Khan, and London Assembly Members will answer questions from Londoners on key issues facing the capital between 7pm and 9pm. People’s Question Time is held twice a year and gives Londoners a [...]
Serena’s coach: Tennis is long, slow and too clean November 6, 2020 Tennis may have virtually ground to a halt this year, but one of the world’s most celebrated coaches, Patrick Mouratoglou, has rarely been busier. Mouratoglou, like his clients Serena Williams, Coco Gauff and Stefanos Tsitsipas, has had to adjust to life without much of the usual circuit. His academy on the French Riviera also suffered [...]
EU Commissioner: ’50/50 chance’ UK and EU will strike Brexit deal November 6, 2020 There is a “50/50” chance that Britain and the European Union will be able to reach a deal over the terms of Britain’s exit from the bloc, a member of the European Commission said earlier this morning. “We are extremely clear on the conditions and the access to our European market,” EU Internal Market Commissioner [...]
Trump falsely claims victory and fraud in speech as Biden votes roll in November 6, 2020 Donald Trump has falsely claimed victory and claimed his opponent Joe Biden has committed widespread voter fraud in an historic speech. Trump made a series of baseless claims during the speech and falsely claimed he had won the election, despite being on the cusp of losing to Biden. “You count the illegal votes they try [...]
HMRC urges traders to prep for end of Brexit transition period to avoid disruption November 5, 2020 HMRC has sent 250,000 letters and emails to traders urging them to act now to avoid Brexit-related disruption when the transition period comes to an end. New border controls will come into force at the end of the transition period on 1 January 2021. Some customs processes are complicated and can take several weeks to [...]
Coronavirus pressure drives down number of permanent jobs November 5, 2020 The number of permanent staff appointments fell in October as rising Covid-19 cases weighed heavily on recruitment plans, with jobs in retail, hotels and catering hit particularly hard. Greater uncertainty drove a marked rise in temporary placements, according to the latest KMPG and REC report on jobs, and overall demand for staff fell. Widespread reports [...]
US election: Biden in touching distance of White House as Trump calls in the lawyers November 4, 2020 Joe Biden is closing in on the 270 Electoral College votes needed to win the presidency as Michigan has now been widely called for the Democrat candidate. The former Vice President is on at least 253 Electoral College votes, with some US broadcasters also calling Arizona for Biden, giving him 264 votes. All he needs [...]
The City View: Eric Heerema of Nyetimber on creating a luxury brand to rival Champagne November 4, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS In this episode Christian talks to Eric Heerema, chief executive of Nyetimber – the UK’s leading sparkling wine maker and a truly global, luxury brand. This podcast is sponsored by CMC Markets. 79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You [...]