Government’s online divorce portal could crash as ‘no fault’ divorce laws come into play April 6, 2022 Landmark reforms allowing for “no fault divorce” could lead surge in the number divorce filings that could crash the government’s new online divorce portal, lawyers have warned. The introduction of new laws, allowing married couples to divorce amicably without blaming either partner, could see a jump in the number of divorces due to a release [...]
Invoice scams lead to more business losses than any other type of fraud, new figures show April 6, 2022 UK businesses lost more money to fraudsters using “invoice scams” in the last three months than to criminals using any other form of swindle, new data from Barclays shows. Most (55%) of the money lost to scammers between December 2021 and February 2022 was lost through invoice scams, the figures show, as invoice scams – [...]
Grant Thornton set to earn millions from Russian oligarch’s bankruptcy proceedings April 5, 2022 Grant Thornton is set to earn millions through its work on behalf of a consortium of Russian financial institutions, in carrying out bankruptcy proceedings against billionaire banker Anatoly Motylev. The accountancy giant could earn as much as £10m in fees, which will be paid for out of any recovered assets, after the High Court put [...]
EY to double size of consulting team by hiring 5,100 consultants over the next four years April 5, 2022 Big Four accountancy firm EY is set to double the size of its UK consulting team, by hiring 5,100 new consultants over the next four years. The accountancy giant said it plans to double the size of 5,100 strong consulting team, with a view to having more than 10,200 consultants on its books by 2026. [...]
Surging living costs and remote working could create perfect burnout storm April 5, 2022 More than two-fifths (43 per cent) of UK employees feel more isolated while working from home, polling from tech company Asana shows. At the same time, 42 per cent said remote working has meant they no longer have a clear start or finish time during their working day. The study shows that UK workers waste [...]
City watchdog hires three senior officials as it ramps up recruitment drive April 5, 2022 The City watchdog has hired three new senior officials as it pushes to strengthen its authorisation process, it announced today. City veteran Craig Chapman is set to join the FCA as Finance Director, from his current role as CFO at London fintech firm RTX Routetrader. Prior to joining RTX Routetrader, Chapman worked in various senior [...]
Czech billionaire set to get $750m windfall after listing lottery operator in New York April 3, 2022 Czech billionaire Karel Komárek is set to a receive a payout worth $750m (£572m), after floating the gambling company, that is set to take over from Camelot in running the UK’s National Lottery, on the New York stock exchange. Komárek is set to be the main beneficiary of a $750m cash windfall, after he lists [...]
Co-op launches guide to help managers support women going through the menopause April 3, 2022 The Co-op is launching a guide to help its 4,500 managers help women access support dealing with the menopause. The grocer said its own internal research had found that more than half of managers in the UK do not feel confident in supporting a colleague dealing with perimenopause or menopause. A survey of 2,000 adults [...]
US officials investigate claims trader used insider information to profit from Activision’s Microsoft deal April 3, 2022 US officials have launched an investigation into whether the son of a Belgian fashion designer and a Swiss born aristocrat used insider information to profit off of Microsoft’s $68.7bn acquisition of games developer Activision Blizzard. US authorities are investigating a meeting between Activision chief executive Bobby Kotick and options trader Alexander von Furstenberg on [...]
Russian cyberattacks could cost insurers billions, industry experts warn April 3, 2022 Insurers could be forced to pay out billions to those impacted by cyberattacks following Russia’s invasion of Ukraine. Ambiguous wording in cyber insurance policies could see insurance companies made liable to pay out billions to victims of hacking Insurers may be forced to cover the costs imposed on businesses of paying for ransoms and repairing [...]