EY handed fine for botched Stagecoach audit August 25, 2021 The Financial Reporting Council (FRC) has landed EY and its Audit Engagement Partner, Mark Harvey with £2.3m in fines. The FRC said that an EY audit of StageCoach, an international travel company, “did not satisfy the audit reporting requirements” for the 2016-2017 financial year. Claudia Mortimore, the Deputy Executive Counsel to the FRC said: “the [...]
Klarna hits 20m US users as it eyes stock market listing August 25, 2021 Payments firm Klarna has reported a leap in US transactions via its platform in the second quarter, ahead of an expected stock market debut. The Swedish “buy now, pay later” company said its number of users in the US grew by three million to 20 million and it would continue to eye new markets. “With [...]
Covid protection from two vaccine doses fades after six months August 25, 2021 Protection against Covid offered by two doses of the Pfizer and the AstraZeneca vaccines begins to fade within six months underscoring the need for booster jabs according to UK researchers. Scientists behind the Zoe Covid Study app said that effectiveness of the Pfizer vaccine against infection fell from 88 per cent to 74 per cent five to six [...]
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 [...]
Home working could help older employees retire later August 25, 2021 New ONS data shows that home working could help to boost the economy by upping the age at which older workers retire. According to the Office of National Statistics (ONS) the UK economy is missing out on an estimated £88bn because of a sharp drop off in employment rates as workers approach pension age. In [...]
UK hiring woes: Amazon lures new recruits with £1,000 joining bonus August 25, 2021 E-commerce giant Amazon is offering new warehouse recruits a £1,000 joining bonus as it looks to attracts staff amid a mounting hiring crisis. The group is advertising for “urgently needed” warehouse pickers and packers across the UK to help meet booming online shopping demand. Job ads on the Indeed website reveal it is offering to [...]
Afghanistan: World Bank freezes funding after Taliban takeover August 25, 2021 The World Bank has halted funding for projects in Afghanistan after the country’s fall to Taliban control. The Washington-based financial institution cited concerns over Afghanistan’s future development prospects in the wake of drastic leadership change, particularly for the nation’s women. The halt on aid disbursements is set to continue while the bank assesses how the [...]
Clipper Logistics revenue up thanks to lockdown shopping returns August 25, 2021 Retail logistics firm Clipper has reported group revenue up by 39.1 per cent as e-commerce sales continue to grow. The Leeds-based company reported group revenue up from from £500.7m to £696.2m, in its results for the year ended 30 April 2021. The firm acquired new contracts in the period including with Revolution Beauty, H&M and [...]
Deloitte mandates vaccinations for staff in US offices August 25, 2021 Auditing giant Deloitte has told staff coming into its US offices from October, that they must be vaccinated against Covid-19, according to reports. Chief executive officer of Deloitte US, Joe Ucuzoglu, told staff in an email that from 11 October they would be required to reveal their vaccination status on a secure company website, according [...]
Property Special: London’s most affordable postcodes, up and coming areas, best for schools and to invest August 25, 2021 The property market has boomed over the past year, thanks to the stamp duty holiday which has given a lot of first-time buyers the opportunity to get their foot on the property ladder. Coupled with the introduction of the new government backed 5 per cent deposit scheme, designed to help home buyers, the market isn’t [...]