Big Four refuse to back government plan to break dominance of audit market August 16, 2021 The UK’s Big Four accountancy firms have refused to back a government scheme that would see them share audit work with smaller firms. Last month, Deloitte, EY and PwC said they did not support the government’s proposal for “managed shared audits” of large listed companies. The Financial Times has reported that the other Big Four [...]
Amazon launches own-brand groceries on its UK website August 16, 2021 Amazon has added own-brand groceries to its UK website as it amps up competition with Britain’s supermarkets. Never one to miss out on a lucrative business opportunity, the company capitalised on lockdown restrictions during the Covid-19 pandemic by expanding its online groceries service. Amazon Fresh expanded its next-day delivery service to customers across the UK [...]
Rightmove: First monthly dip in UK house prices this year recorded in August August 16, 2021 The average price tag on a home dipped by just over £1,000 this month. Across the UK, the average asking price in August was £337,371, down by 0.3 per cent or £1,076 compared with July, Rightmove data out this morning shows. It marked the first monthly fall in the average price of property coming to [...]
Judge rules Credit Suisse banker was unfairly sacked over rogue trade August 16, 2021 An employment tribunal has found that banker Ellina Volkova, who carried out a rogue trade on behalf of a Russian client that cost the bank £20,000, was unfairly dismissed by Credit Suisse as the bank’s investigation into her behaviour was “unjustifiably delayed.” As part of his judgement, Judge David Massarella found against Volkova’s claim that [...]
The fall of Afghanistan: Western governments got bored and Taliban rule has been resurrected August 16, 2021 We are watching a strategic and humanitarian calamity unfold. We are watching it live on TV and social media and yet, despite its immediacy, despite information from the scene of unparalleled detail and accuracy, we are doing nothing. Nothing except, perhaps, trying to evacuate the last few thousand of our troops who are still in [...]
Boris Johnson: Afghanistan must not become ‘breeding ground for terror’ again August 15, 2021 Boris Johnson has said western countries must work together to stop Afghanistan from becoming a terrorist breeding ground again as the Taliban is set to take the capital of Kabul. The Taliban is expected to soon declare a new Islamic Emirate of Afghanistan from the Presidential Palace, after democratically elected leader Ashraf Ghani fled the country [...]
Boris Johnson to recall parliament to discuss Afghanistan crisis August 15, 2021 Boris Johnson is set to recall parliament during summer recess to discuss the developing crisis in Afghanistan. He is also set to hold an emergency Cobra meeting today to discuss the UK’s potential actions as the Taliban prepare to take over the capital of Kabul. The Prime Minister will tell MPs to come back to [...]
Channel 4 bring in ex-Ofcom chief in bid to fight privatisation August 15, 2021 Channel 4 has brought in the former head of media watchdog Ofcom to help try and fight off the network’s planned privatisation. Flint Global, a firm founded by former Ofcom boss Ed Richards, has been drafted in by the network as it tries to avoid being sold in private hands. The Sunday Telegraph also reports [...]
Afghanistan: Taliban enters Kabul as western embassies withdraw August 15, 2021 The Taliban has now entered the Afghanistan capital of Kabul as western embassies withdraw diplomatic staff in anticipation of for the takeover of the city and the president flees. Taliban fighters have already taken over every other major city in the country, just months after the US began its complete withdrawal from Aghanistan. President Ashraf [...]
Meggitt chairman says government must be prepared to intervene in takeover war August 15, 2021 The chairman of defence technology firm Meggitt has said that the government has to be prepared to intervene in a takeover battle for the company to guarantee a commitment on future investment and jobs. Sir Nigel Rudd said any prospective buyer of Meggitt had to give assurances to keep the firm’s Coventry headquarters open and to [...]