FRC chief urges audit reform before next corporate scandal January 13, 2026 The boss of the accountancy regulator has issued a direct warning to the government, urging them to pass audit reform legislation during “peacetime” rather than waiting for a major corporate collapse or scandal. Speaking on the latest episode of the Following the Rules podcast, Financial Reporting Council (FRC) CEO Richard Moriarty, said: “Given the thinking that’s gone [...]
Fortnum & Mason: Profit surges at King’s grocer January 13, 2026 Profit at Fortnum & Mason surged by more than 60 per cent as its sales also ticked up during its latest financial year, new figures have revealed. The iconic London store has posted a pre-tax profit of £15m for the 12 months to the end of July 2025, a rise from £9.3m. The firm’s turnover [...]
Vast majority of Brits expect more damaging tax hikes in 2026 January 13, 2026 Nearly four in five Brits are bracing themselves for further tax rises this year, with voters fearing that more money going into government coffers will damage growth. Keir Starmer has kicked off the year with pitches on improving the cost of living for millions of people across the country. Extra welfare payments for some families [...]
Jamie Dimon warns markets are under-estimating global risks January 13, 2026 The boss of JP Morgan, Jamie Dimon, has warned global markets not to underestimate current risks, as the US banking giant hiked its provisions for bad loans. The world’s most influential banker said that whilst the US economy had remained “resilient” and consumer and business trends were “generally healthy,” ongoing risks persisted. “Markets seem to under-appreciate [...]
The 100 most at risk pubs in London – is your local under threat? January 13, 2026 The most at risk pubs in London have been revealed by a new website that calculates how proposed changes to rates could affect the hospitality industry. New website ismypubfucked.com uses official data from the Valuation Office Agency (VOA) to identify which pubs will be most affected by the proposed increases to the business rates. The [...]
CVC-backed Teneo establishes New Zealand footprint via PwC deal January 13, 2026 Advisory firm Teneo is to acquire PwC New Zealand’s business restructuring services unit as part of its Asia-Pacific expansion strategy. The deal, which is subject to customary closing conditions and is expected to close at the end of February 2026, will see 22 members of PwC New Zealand’s business restructuring services team join Teneo. This [...]
Central banks throw weight behind Fed after Trump assault January 13, 2026 Some of the world’s most prominent central banks have issued a full-throated support of the Federal Reserve and its chair Jay Powell, after Donald Trump’s campaign against its independence escalated with a Department of Justice legal action. In an unusual joint intervention, 11 central banking chiefs declared they stood in “full solidarity” with the Fed’s [...]
THG rises after revenue beats top end of guidance January 13, 2026 THG shares rose on Tuesday after the e-commerce business boasted a surge in second-half revenue amid a rise in Christmas season demand. The Manchester-based business, known for its wellness and beauty brands like Myprotein and Lookfantastic, said its second-half revenue came in around 14 per cent ahead of the top end of its guidance, led [...]
Games Workshop shares slip despite Warhammer sales surge January 13, 2026 Games Workshop has dished the cash back to its shareholders after a record-breaking half-year performance driven by a surge in global demand for its Warhammer miniatures. The £6bn gaming giant – which entered the FTSE 100 in December 2024 – reported a 10.9 per cent increase in revenue, breaking £332m for the half-year ending 30 [...]
Chinese embassy to get green light despite ‘threat to City’ January 13, 2026 The new Chinese embassy in London is set to get the green light from Keir Starmer this week, according to reports, amid fresh questions around security concerns were raised on Monday night. The new mega embassy at the Royal Mint Court near the City of London is expected to get the Prime Minister’s sign-off ahead [...]