Nearly three-fifths of firms think the UK tax regime is unfair to businesses like theirs April 23, 2019 Nearly three-fifths of businesses think they are unfairly penalised by the tax system, a new survey published today shows. The survey of over 1,000 businesses by the British Chamber of Commerce uncovered widespread concerned at the way HM Revenue & Customs (HMRC) applies tax rules to different types of firms. More than two-thirds (67 per [...]
City grind: Will law’s stuffy image and long hours stop it attracting top talent? April 22, 2019 Law firms are the original pyramid scheme. The model depends on a wide base of junior lawyers working long hours to generate cash for partners who sit at the top and take a share in the profits. Arguably it is a model that has had its day in an era where a younger generation increasingly prioritises [...]
Prosecutors hit former Renault and Nissan boss Carlos Ghosn with fourth charge April 22, 2019 Former Renault and Nissan boss Carlos Ghosn was today hit with a fourth charge by Japanese prosecutors who accused him of aggravated breach of trust. Ghosn’s lawyers immediately met the charge with a bail request which came on the day his latest period of detention was set to expire. “We are confident that we have [...]
Business lobby groups slam competition watchdog’s calls for radical audit reform April 18, 2019 Business lobby group the CBI said reforms to the audit sector proposed today by the competition watchdog could “undermine confidence in corporate Britain”. The Competition and Markets Authority (CMA) today called for the Big Four accountancy firm’s audit arms to be split from their non-audit arms with separate profit pool and management in a major [...]
Vodafone broadband advert banned by watchdog for misleading consumers April 17, 2019 A Vodafone advert for “gigafast” broadband has been banned after it was found to have misled customers. The Advertising Standards Agency (ASA) said the advert implied consumers could get high-speed broadband for £23 when that was not the case. Rival Virgin Media had challenged the advert for gigafast broadband on the basis that it misleadingly [...]
Pepsico beats analyst predictions for first quarter after strong low-sugar drink sales April 17, 2019 Pepsico beat analysts' estimates on first-quarter sales and profit, boosted by higher demands for its low-sugar drinks, sparkling water and snacks. The company announced 2.15 per cent sales growth in its North American beverages division with sales in its Frito-Lay snacks unit growing 5.5 per cent. Read more: Pepsico issues profit warning as it ramps [...]
Recruiter Hays’ share price slips after it lags fee expectations in trading update April 16, 2019 Shares in recruiter Hays dipped today after it announced lower-than-expected growth in its third quarter trading update. Read more: Profits grow at Robert Walters in a 'solid' first quarter Hays said net fee growth for the quarter was six per cent, below the consensus figure of seven per cent. The firm was hit by a [...]
Travelex-owner Finablr to raise $200m in London listing April 16, 2019 The owner of foreign exchange company Travelex today announced its intention to raise $200m (£153m) in a float on the London Stock Exchange. United Arab Emirates-headquartered payments and foreign exchange business Finablr said it expects to raise $200m with plans for a free float of at least 25 per cent of the company. The company’s brands [...]
Microsoft Outlook and Hotmail accounts accessed by hackers April 15, 2019 Microsoft has admitted that hackers had access to some of its Outlook, Hotmail and MSN email accounts for at least three months. The software company would not say how many accounts were compromised in the breach that lasted from 1 January to 28 March. Hackers stole login credentials for a Microsoft customer support agent and [...]
UK tops global ranking for top investment destinations for first time April 15, 2019 The UK has been ranked as the top investment destination in the world, knocking the US off the top spot. It is the first time the UK has taken the top spot in the rankings by professional services firm EY in the survey’s 10-year history. In 2018 the UK accounted for 10 per cent of [...]
