Grant Thornton slapped with multi-million pound fine after FRC calls out ‘serious failings’ in Sports Direct audit July 18, 2022 The UK’s accounting watchdog today hit Grant Thornton with a £2.05m over “serious failings” in its audits of high-street retailer Sports Direct. The fines come after the UK’s Financial Reporting Council (FRC) said Grant Thornton had failed to properly scrutinize Sports Direct’s relationship with an unnamed delivery company and the impact the relationship would have [...]
UK launches innovative ‘problem-solving courts’ to tackle drug and alcohol related crime July 18, 2022 The UK’s Ministry of Justice (MoJ) has opened three “innovative” new courts specifically for those with substance abuse problems, as part of its £900m plan to tackle drug and alcohol related crime. The new “problem-solving courts” – in Liverpool, Teesside, and Birmingham – will provide services including rehabilitation services and housing support, in a bid [...]
Tortilla Mexican Grill’s revenues shoot up by 60 per cent after snapping up rival but inflation and industry pressures bite July 18, 2022 A Mexican food giant experienced a big spike in revenue following a key acquisition and expansion across the UK. Tortilla Mexican Grill’s group revenue was up 60 per cent in the first half of 2022 compared to 2019. This comes after the firm bought out Chilango for £2.75m, taking on its eight sites across the [...]
Deliveroo slashes sales forecast as cost of living bites July 18, 2022 Deliveroo slashed its sales forecasts today as it predicted the rising cost of living would lead to a slowdown in consumer spending this year.
PwC set for record revenues as global chief rejects plans for split July 18, 2022 The global head of PwC has said the accounting firm is set to post record revenues of around $50bn this year, after speaking out against plans to follow in the footsteps of EY by separating out PwC’s audit and advisory businesses. In an interview with the Financial Times, PwC global chairman Bob Moritz said the [...]
Euromoney agrees to £1.6bn takeover deal July 18, 2022 Bosses at financial publishing firm Euromoney announced that they had agreed to a £1.66bn takeover deal today from a consortium of investors led by Becketts Bidco today, setting in motion the likely breakup of the group.
Disinfectant product maker rides post-pandemic crest as it looks to break America July 18, 2022 Infection prevention product manufacturer Tristel rode the crest of the post-pandemic wave and weathered Brexit disruption, as it sets its sight on the American market. The company benefited from society recovering from coronavirus, with a spike in the use of disinfectant products, particularly in hospitals, as procedures return after lockdowns. It said there were almost [...]
Exclusive: Utilita Energy boss loses confidence in Ofgem after public warning July 18, 2022 Utilita Energy's no longer has confidence in Ofgem, after it criticised the supplier over its handling of direct debit payments.
The dizzying tax promises of the Tory campaigns aren’t enough for the City July 18, 2022 IT WAS more than four years ago now since the outgoing prime minister, Boris Johnson, remarked to the Belgian ambassador to the EU that his approach to the private sector was “f*** business”. For a leading Conservative politician with ambitions towards Downing Street, it was an extraordinary thing to say. Yet it was clearly an [...]
Public money, tied to political decisions won’t save us from the climate challenge July 18, 2022 We are now just over 100 days from Cop27 in Sharm el-Sheikh. It only feels like yesterday that many of us in the Square Mile made the journey to Glasgow for Cop26, working hard to ensure that financial and professional services played its part in helping keep climate change goals within reach. Yet with just [...]
