Global split could let EY bring in extra $10bn in Silicon Valley advisory fees, firm chief says July 20, 2022 A global split could let EY bring in an extra $10bn in advisory fees from the world’s major tech companies, by freeing it from rules that block the Big Four firm from both auditing and selling advice to Silicon Valley’s largest firms, EY’s global chief executive has said. EY’s plans to separate out its audit [...]
UK in talks with Israel for post-Brexit trade deal as £34bn contract up for grabs July 20, 2022 Black cabs, whiskey and lucrative contracts for Tel Aviv’s Metro are all on the table, as Britain and Israel enter talks for a post-Brexit trade deal to the tune of £78m per year. Negotiations have been held between International Trade Secretary Anne-Marie Trevelyan and the Israeli envoy, Tzipi Hotovely, today. Trevelyan is looking to expand [...]
Sham crypto apps have defrauded investors of £35.6m since October, FBI says July 20, 2022 Investors have been scammed out of about $42.7m (£35.6m) through fraudulent crypto apps since October last year, the US Federal Bureau of Investigation said. The FBI identified 244 victims and warned of cyber criminals creating fraudulent crypto investment apps that exploit legitimate cryptocurrency investments. “Cyber criminals seek to take advantage of the increased interest in [...]
RPC posts record revenues after sales surge 10 per cent year on year July 20, 2022 City of London law firm RPC today posted record revenues of £149.4m across its global operations, after the firm’s sales jumped 10 per cent on the previous year. The commercial law firm’s record results mark a 36 per cent increase in RPC’s revenues since the financial year 2020 – on the back of surging demand [...]
Restaurateurs grapple with food costs as dairy prices spike July 20, 2022 Restaurateurs are being forced to fork out more and more to create Brits’ favourite dishes, with the sharpest price hikes among dairy, grains and meat. Dairy costs have surged the most, with increases of up to 40 per cent, according to data from around one thousand pubs and restaurants collected by Fourth. Grains, including pasta [...]
Octopus Energy submits the only bid for collapsed supplier Bulb Energy after auction process July 20, 2022 The Government is weighing up Bulb Energy's future after the auction process for the fallen energy firm attracted just one bid.
Chaos-stricken Heathrow dealt kerosene blow as refuellers plan to walk out from tomorrow 5am July 20, 2022 Heathrow will need to brace itself for further chaos as refuellers are set to go on a three-day strike starting tomorrow. Around 50 members of the union Unite working for Aviation Fuel Services (AFS) announced the decision yesterday, after they rejected a 10 per cent pay increase. The walkout will begin at 5am tomorrow and [...]
Martin Lewis warns government of ‘financial time bomb’ as cost of living crisis worsens July 20, 2022 Martin Lewis warned the government of a “financial time bomb” due to explode in September as the UK’s cost of living crisis intensifies. The founder of MoneySavingExpert.com issued an “open video letter” to the current Conservative Party leadership candidates and warned of even higher energy costs and civil unrest as the UK struggles with record [...]
Abrdn poised to offload private equity arm July 20, 2022 FTSE-100 asset manager Abrdn is poised to offload the division that manages its private equity funds as it looks to simplify its structure, according to reports.
MPs claim Covid PPE contract ‘failures’ cost UK taxpayer £2.7bn July 20, 2022 There were “significant failings” in the government’s management of personal protective equipment (PPE) contracts during Covid that cost the taxpayer £2.7bn, according to a crossbench committee of MPs. A report from Westminster’s Public Accounts Committee (PAC) says the government is in dispute with 176 contract holders for PPE, worth £2.7bn, around the effectiveness of the [...]
