Simply the best: Oxford named best-performing university in the world September 3, 2021 The University of Oxford has been named the best-performing university globally, ahead of California Institute of Technology and Harvard University in the United States, which both took second place. Oxford has become the first institution to retain top place in an international league table for the sixth year in a row. A number of UK [...]
Exclusive: Half of all UK businesses currently unable to run at full capacity September 2, 2021 Half of all UK businesses are still unable to run at full operational capacity, according to new research shared with City A.M. this afternoon. Global logistics firm One World Express commissioned a survey of more than 350 decision-makers within UK businesses. It found that 50 per cent had not seen improvements in business performance since lockdown restrictions began [...]
Data breach: Names and home addresses of 111,000 UK gun owners dumped online September 2, 2021 Authorities are investigating after a map claiming to show the addresses of thousands of firearms owners in the UK was published online. Gun-selling site Guntrader confirmed a data breach affecting more than 100,000 customers, and now it appears that the names and home addresses of 111,000 British firearm owners have been dumped online as a [...]
Accounting body urges government to scrap tax reform plans September 1, 2021 The Institute of Chartered Accountants in England and Wales (ICAEW) has today called for the government to drop tax reform plans which, the accounting body says, “will likely to create as many problems as it might solve”. The ICAEW today published a response to the UK government’s consultation on basis period reform. It reiterated the [...]
KPMG and ex-partner accused of misconduct in FRC’s investigation into Carillion audit September 1, 2021 KPMG, ex-partner Peter Meehan and current and former staff at the Big Four accountant are alleged to provided false and misleading information to a City watchdog investigating its audit of collapsed construction giant Carillion. The allegations are part of a Formal Complaint issued this morning by the Financial Reporting Council (FRC) in connection with the [...]
Morrison Foerster are first law firm to mandate vaccines for London lawyers August 26, 2021 Law firm Morrison Foerster have publicly announced that its lawyers must be fully vaccinated against covid-19 to return to the London office. Morrison Foerster, also known as MoFo, will make covid-19 vaccinations mandatory from 13 September for those coming back to the office, where they will also need to wear a mask in common areas [...]
Stalking trial: Tommy Robinson admits hiring private detective to obtain journalist’s details August 26, 2021 English Defence League founder Tommy Robinson hired a private investigator to obtain personal details about a journalist whose home he went to unannounced, a court has heard. Robinson, whose real name is Stephen Yaxley-Lennon, was in court regarding an application for a stalking protection order after he went to the home of Independent home affairs [...]
KPMG encourages whistleblowing to avoid media leaks after CEO’s exit August 26, 2021 KPMG are reportedly urging staff to use its whistleblowing system to report concerns instead of the media, after a leaked meeting recording led to its former head Bill Michael stepping down, first reported by Financial News. The ex KPMG boss, who left the firm in February, made comments around “unconscious bias” during an online town [...]
FRC to ‘strengthen’ audit governance code to tackle Big Four accounting scandals August 26, 2021 The Financial Reporting Council (FRC) has today announced proposals to update and “strengthen” its Audit Firm Governance Code and establish “operational separation” at the Big Four firms. The proposed changes are aimed at clarifying the role of partnership boards in holding management to account, said the UK accounting watchdog in a statement. A key proposal [...]
Return to office delayed for unvaccinated Credit Suisse staff in US August 25, 2021 Credit Suisse has told its unvaccinated US employees to continue to work from home until mid-October while vaccinated staff can return to the office from September, according to reports. The Swiss lender postponed the date when all of its US staff would be required to return to working from the office to 18 October, according [...]