UK accountancy watchdog fines KPMG £1.25m over audit of bar chain Revolution March 8, 2022 Britain’s accountancy watchdog today fined KPMG £1.25m over its audit of bar chain company Revolution. The UK’s Financial Reporting Council (FRC) fined Big Four accountancy giant KPMG £1.25m and former-KPMG director Michael Neil Frankish £50,000, over failures in the audit of Revolution Bars Group’s accounts for the financial year 2015/16. The fines come after FRC [...]
Michael Kors CEO exits after six months at fashion giant March 8, 2022 The chief executive of Michael Kors is set to step down after just six months in the role. Joshua Schulman was anticipated to succeed John Idol as chief executive of the fashion brand’s parent company Capri Holdings next autumn. A reason was not provided for the exit but Capri Holdings have said Idol will stay [...]
HMRC owes construction workers close to £1.5bn following pandemic property boom March 8, 2022 Almost £1.5bn is owed to Britain’s construction workers by the taxman following the pandemic property boom, according to new data shared with City A.M. today. It is estimated that more than 1m people working in the sector could be owed a tax refund, after the industry “weathered a particularly fierce storm” to keep Britain building [...]
IWG bets on hybrid work in £270m investment as it trims down losses March 8, 2022 IWG has merged with a digital assets group to create a new workspace platform in a £270m investment, after it more than halved its operating losses last year. The Instant Group, which provides digital marketing and workspace solutions to nearly half of FTSE 100 firms, will invest a further £50m into the company, IWG announced [...]
Gold surges again as Goldman predicts price will top $2500 this year March 8, 2022 Gold has surged again to trade above $2000 throughout today, with analysts now predicting a sustained rise amid turbulence in global equity markets.
Amazon accused of using suppliers tied to Chinese forced labour camps March 8, 2022 Amazon is under fire for its supply chain after a new report revealed that the e-commerce giant continues to use suppliers that are tied to forced labour camps in China's Xinjiang region.
EU court rules against Britain in £2.2bn import fraud case March 8, 2022 The European Union's highest court has ruled against Britain in a fraud case involving billions of pounds worth of import fraud.
Ali and Ava film review – a wholesome modern British romance March 8, 2022 British director Clio Barnard returns with her first film since 2017’s Dark River, and it’s an uplifting story of a second chance at love. As the title suggests, this is the story of Ali and Ava, two lost souls who seems to find each other in their bustling Bradford community. Ava (Claire Rushbrook) is a [...]
Value of mortgage advances tops £70bn as real estate experts say market is cooling off March 8, 2022 Real estate experts have said the latest mortgage lenders statistics show a market cooling off from its earlier frenzy. In figures published by the Bank of England on Tuesday, the outstanding value of all residential mortgage loans was £1,613.4bn at the end of the fourth quarter of 2021. This was 4.7 per cent higher than [...]
LME suspends nickel trading amid price boom March 8, 2022 The London Metal Exchange (LME) has halted nickel trading for the rest of the day after prices doubled to a record $100,000 per tonne.
