Deloitte pays partners more than £1m each as consulting revenues surge September 30, 2022 Deloitte today said its 672 equity partners will take away average payouts of £1.06m each after a bumper year for its advisory business saw the Big Four accounting firm’s revenues surge 10 per cent to £4.9bn. The uptick in Deloitte’s UK revenues for the year running up to 31 May 2022 came as sales [...]
Lidl told to stop selling Lindt-like chocolate bunnies and destroy remaining stock September 29, 2022 Lidl’s Swiss unit should stop selling foil-wrapped chocolate bunnies, that bare various similarities to Lindt’s golden rabbits, and destroy its remaining stock, a Swiss court has ruled. The Lausanne court said Swiss cholate maker Lindt & Sprüngli deserves protection from copycats, including the German supermarket which sells a golden foil wrapped bunny of its own. [...]
Economic headwinds risk leaving UK’s small businesses underinsured September 29, 2022 The headwinds facing the UK economy risk leaving small businesses underinsured, Aviva has warned. Inflation, supply chain disruption, and labour shortages could leave UK small and medium enterprises (SMEs) at risk of facing huge bills, if the insurance policies they have fail to cover the actual costs repairing buildings or replacing assets, the insurance giant [...]
Don’t penalise cash-strapped Brits, FCA warns insurers September 29, 2022 The City watchdog has fired a warning shot at insurance firms today and told them to ensure they are supporting consumers as a cost of living crunch hits.
Data watchdog takes action against Virgin Media and six public bodies over information request failings September 28, 2022 The UK’s information watchdog has taken action against Virgin Media and six public bodies over their repeated failures to respond to members of the public when asked to hand over personal information. The Information Commissioner’s Office (ICO) said the seven public and private sector bodies had repeatedly failed to respond to Subject Access Requests (SAR) [...]
Ince settles former executives’ claims with £15,000 payouts each September 28, 2022 Ince has paid two of its former executives £15,000 each to settle a series of cases arising from the listed law firm’s decision to remove them from their posts. The maritime specialist law firm, which is listed on London’s AIM, said it has paid former chief executive Adrian Biles, and former finance chief, John Biles [...]
Government has until November to end barristers’ strike before judges will be justified in releasing prisoners September 28, 2022 Judges acted unlawfully by releasing prisoners awaiting trial because of the barristers’ strike, a High Court has ruled, after warning the government has just two months to sort the situation out before courts will be justified in letting out those awaiting hearings. Crown Court judges in Bristol and Manchester who released prisoners on bail, on [...]
Solicitors’ watchdog fines Woking law firm £2,000 over money laundering failures September 27, 2022 The UK’s solicitors’ watchdog has fined Woking law firm Buglear Bate & Co £2,000 over claims it failed to put in place policies to prevent money laundering and terrorist financing. The Solicitors Regulation Authority (SRA) fined the firm £2,000 and ordered it to pay £600 in costs after it admitted failing to comply with money [...]
Block Russian oligarch from spending frozen funds, High Court told September 27, 2022 The UK’s National Crime Agency (NCA) is seeking to block sanctioned Russian billionaire Petr Aven from using £1.5m in frozen funds stored in bank accounts linked to two companies responsible for managing his central London properties and Surrey estate. The £1.5m funds were frozen by the NCA in May after HSBC and Monzo Bank raised [...]
Junior KPMG auditor ‘should have questioned’ manager’s instructions, tribunal says September 27, 2022 A 25-year-old junior KPMG auditor, who copied meeting minutes into a document as part of a scheme to deceive the UK’s Financial Reporting Council (FRC), “should have questioned” his manager’s instructions, a disciplinary tribunal has said. Junior accountant Pratik Paw, who was asked to forge documents by his superiors during an FRC inspection of KPMG’s [...]