Audit firm BDO promotes 14 partners in the UK June 5, 2019 Accountancy firm BDO is promoting 14 new partners across the firm, it said today. BDO said it was adding the partners across its audit, tax, and advisory teams. Nearly 36 per cent of the new partners are women. The firm has added three new partners in its audit practice: Tracey Keeble, Laura Pingree and Steven [...]
Government must do more to protect UK from cyber attacks, MPs warn June 5, 2019 The government has not done enough to protect the UK from the growing risk of cyber attacks, MPs have warned. The influential Public Accounts Committee (PAC) today published a report criticising the government for not making sufficient progress in its cybersecurity strategy. Read more: Less than one per cent of cyber crimes lead to prosecution [...]
PwC invests £30m in audit quality but stops short of CMA report recommendations June 5, 2019 Big Four firm PwC said today it plans to invest an extra £30m in its audit practice as part of a package of measures intended to boost quality. PwC’s move comes amid intense scrutiny on the sector which has been rocked by scandals such as the collapse of outsourcer Carillion and the accounting scandal at [...]
City Moves for 5 June – Who’s switching jobs? June 4, 2019 Today’s City Moves includes Barclays, 11:FS and FXD Capital. Barclays Barclays has appointed Karen Johnson as the national head of retail, wholesale and healthcare for its Corporate Banking business. Karen has more than 25 years banking experience, working with a wide range of businesses from owner-managed through to multinationals. She joined Barclays in 2015 to [...]
Economy faces ‘upheaval and uncertainty’, says trade secretary Fox June 4, 2019 International trade secretary Liam Fox will tomorrow warn the world is facing a period of upheaval and economic slowdown. Speaking at the 100th anniversary of the UK Export Finance (UKEF), he will launch new initiatives aimed at backing small British exporters. Read more: Fox backs foreign secretary Hunt in bid for Tory leadership They will [...]
Non-Standard Finance abandons offer for Provident Financial June 4, 2019 Non-Standard Finance (NSF) will abandon its offer for Provident Financial, it said today, after regulators stamped out any hope of the deal going through. The Prudential Regulation Authority (PRA) told the company the enlarged group would not have enough capitalisation at current levels of shareholder acceptance. “Accordingly, NSF has decided, with the consent of the [...]
Sir Philip Green faces a crunch moment June 4, 2019 THESE are not good times for Sir Philip Green. The scandal-hit tycoon has been spending more days than usual at his Monaco base in recent months, laying low in the sunny tax haven while both his reputation and high street empire take a beating back in the UK. But even Green will struggle to avoid [...]
Government backs Cornwall space programme with £20m cash injection June 4, 2019 The government plans to throw £20m at Richard Branson’s space programme and a project for a spaceport in Cornwall. The project will bring 150 jobs and help the UK tap into a £3.9bn small satellite market by 2030. Cornwall Council said it will provide £12m, with nearly £8m coming from the UK Space Agency. While [...]
How Holland bounced back from World Cup and Euro qualification misery with the aid of their football talent factory June 4, 2019 Every so often a Dutch player capable of setting the world alight announces themselves on the international stage. And even more rarely a crop of them come through the ranks at the same time.
Kit Malthouse pulls out of Tory leadership race June 4, 2019 Kit Malthouse has become the second Tory MP to pull out of the contest to replace Theresa May, after James Cleverly announced he was also pulling out. Malthouse was considered an outsider in the race, in which 11 Tory MPs are now running. Malthouse served as a deputy mayor to the frontrunner in the race, [...]