KPMG sued for £1.3bn over audit of Carillion February 3, 2022 The court appointed officer in charge of liquidating collapsed construction giant Carillion is suing KPMG for £1.3bn, for its role in auditing the building contractor. The £1.3bn claim – filed by the High Court appointed Official Receiver (OR) – alleges that KPMG failed its duties as an auditor to spot misstatements in Carillion’s accounts. The [...]
Northern Ireland first minister Paul Givan resigns February 3, 2022 Northern Ireland first minister Paul Givan has resigned in opposition to the post-Brexit Northern Ireland Protocol. Givan’s departure will also mean that Sinn Féin leader Michelle O’Neill will lose her position as deputy first minister as a part of the rules surrounding Northern Ireland’s power sharing agreement. It comes after environment minister Edwin Poots told [...]
Murria raises bid for M&C but is rebuffed again February 3, 2022 Tech tycoon Vin Murria has upped her bid for the listed advertising giant M&C Saatchi but is reportedly still facing a wave of pushback from M&C shareholders.
Russia-Ukraine: What will sanctions mean for UK businesses? February 3, 2022 Liz Truss this week warned Russia that the UK is now prepared to hit the Russian Federation with its “toughest sanctions regime” ever, as it seeks to deter the country from sending troops into Ukraine. “Nothing is off the table and there will be nowhere to hide,” the foreign secretary said. But as of yet, [...]
Ofgem to roll out new measures to reform energy sector February 3, 2022 Ofgem will announce new measures tomorrow after dealing UK households a heavy £700 blow to their energy bills.
Tesla recalls more than 817,000 cars over seat belt chime malfunction February 3, 2022 Tesla was forced today to recall more than 817,000 US vehicles after the National Highway Traffic Safety Administration (NHTSA) flagged a malfunction in the technology that reminds drivers to fasten their seat belts. The agency said that in several models – including the 2021-2022 Model S and Model X, the 2017-2022 Model 3 and the [...]
EU aims to tighten data curbs on non-EU governments February 3, 2022 New European law will start requiring cloud services, like Amazon and Microsoft, to set up safeguards against illegal data transfers to non-EU governments, as the EU continues to rein in US tech giants. According to reports by Reuters, the European Commission’s Data Act, which is set to be published at the end of this month, [...]
Number 10 policy chief quits over Johnson’s Savile slur about Keir Starmer February 3, 2022 Number 10’s policy chief has resigned over Boris Johnson’s repeated accusations that Sir Keir Starmer chose not to prosecute Jimmy Savile when he was the director of public prosecutions. Munira Mirza yesterday in a letter to the PM said there was “no fair or reasonable basis for that assertion” and that she could no longer [...]
Mayor of London puts Cressida Dick ‘on notice’ following Met concerns February 3, 2022 The mayor of London Sadiq Khan has warned the Met Police commissioner she needs an “urgent plan” to address racist and sexist behaviour within the police. Khan said he had put Dame Cressida Dick “on notice”, and told the BBC he had never been “more angry or disgusted”. It comes after a report published on Tuesday [...]
ECB leaves rates untouched despite record high inflation February 3, 2022 The European Central Bank (ECB) yesterday left interest rates unchanged despite inflation on the Continent running at its highest level ever. The ECB’s decision to leave rates in negative territory was taken despite president, Christine Lagarge, warning the cost of living in the bloc could rise even further. Europe’s central bank’s inertia runs against the [...]
