Big Four accountants warned by regulator to improve audits November 16, 2021 The head of the UK accounting watchdog has told the Big Four audit firms they need to run their own businesses better, before advising other companies, according to reports. Sir Jon Thompson, chief executive of the Financial Reporting Council (FRC) made his remarks ahead of the regulator’s launch today of its first guide for accountants [...]
The Lord Napier & Star is the best – and only – pub in Hackney Wick November 16, 2021 Twenty years ago The Lord Napier – the last, boarded-up pub of E9’s scrappy backyard, wedged between the River Lee Navigation and the A12’s spaghetti junction – was bought with an eye firmly on the area’s encroaching realty rush. “S**THOUSE TO PENTHOUSE” became the most iconic bit of its fully graffitied exterior, as planning disputes [...]
MusicMagpie hires new chief finance officer following London float November 16, 2021 Recommerce business musicMagpie recruits Matthew Fowler as new executive director and chief financial officer, following Ian Storey’s promotion to chief operating officer at the time of the IPO of the group.
Revolution Bars cuts losses as young people revive bar chain after Covid-19 revenue drop November 16, 2021 Revolution Bars Group’s (Revolution) revenues are being revived by the return of its young customer base, as it looks to recover from a brutal drop in sales. Sales plummeted by nearly two-thirds this year, falling from £110.1m in the previous year to £39.4m. The premium bar chain suffered restrictions or closures every day during its [...]
UK film industry booms as streaming giants’ demand for content grows November 16, 2021 The top 50 UK film and TV companies have seen their turnover rise by 15.4 per cent in the last year to £8.1bn, as streaming giants’ insatiable demand for content drives growth in UK studios.
“It’s a big Lego!” Inside Airbus’s manufacturing of the A350 November 16, 2021 Plane maker Airbus is predicting that airlines will need 39,000 new planes built by 2040, as more travel for holidays and work and the need for replacing old and less-fuel efficient models increases. The manufacturer has forecast that small aircraft such as the A320 will be the main drivers behind the demand, while around 4,000 [...]
Reception for Cineworld results sends short sellers a wake-up call November 16, 2021 Short sellers experienced a wake-up call yesterday after their pandemic target Cineworld saw its share price shoot up 7 per cent on better-than-expected results. Cineworld has consistently ranked as the most-shorted company in the UK for much of the last eighteen months, after it was forced to close its 9,518 cinema screens during Covid lockdowns. [...]
Vodafone delivers ‘sustainable’ growth thanks to German market November 16, 2021 Vodafone reports "solid" results, with total revenue growth of 5 per cent to €22.5bn in the six months to end-September. This was driven by service revenue growth in Europe and Africa and a recovery in handset sales following COVID-19 disruption in the prior year.
Premier Foods leave sour taste with declining revenues November 16, 2021 Premier Foods has suffered a decline in revenue and operating profit in its half-year results. The owner of beloved household brands such as Mr Kipling, Ambrosia, Angel Delight, Sharwoods, and Oxo has left investors with a sour taste in their mouths as earnings per share have halved since the previous year. In its half-year report, [...]
Jobs market turbulence after furlough fails to rear its head as Brits in work swells 0.6 per cent to over 29m November 16, 2021 An expected wave of job losses after government support measures propping up the jobs market were pulled has seemingly been averted. The number of payrolled employees climbed 160,000 over the last month, or 0.6 per cent, to 29.3m. This is the first period which the Office for National Statistics (ONS) has examined the labour market [...]
