Lookers switches auditor from Deloitte to BDO after £19m vanishes from its books December 10, 2020 BDO will be appointed the next auditor of vehicle retailer Lookers after a difficult final year with Deloitte that saw £19m vanish from its books. Lookers had been audited by Deloitte for the previous 14 years. The Big Four firm first began auditing the business on 31 December 2006. Lookers’ ran into trouble with Deloitte [...]
ECB ramps up bond-buying programme by €500bn December 10, 2020 The European Central Bank (ECB) has ramped up its bond-buying programme by €500bn (£456bn) in an effort to limit the economic damage from rising coronavirus cases and new restrictions across the continent. ECB governor Christine Lagarde said the central bank expects the Eurozone economy to have contracted in the final quarter of the year. She [...]
Risking it all December 10, 2020 Disproportionate Focus MicroStrategy updated its initial statement and announced that it now anticipates raising $537.2 million in net proceeds from a debt offering to buy even more Bitcoins. This is significantly higher than the original target of $400 million. Furthermore, its unsecured, convertible senior notes will pay out 0.750% in interest annually to qualified institutional [...]
DWF CEO: ‘We’ve equalled our Beirut blast work from Covid claims already’ December 10, 2020 There will plenty of legal work arising from coronavirus-related negligence claims, and listed law firm DWF has already started to see the work pile in. Negligence claims are likely to rise from individuals who lost loved ones during the coronavirus pandemic, and according to DWF CEO Sir Nigel Knowles, the listed law firm has already [...]
Wolfwalkers is a charming animated film for the holiday season December 10, 2020 The festive season is usually a prime time for family movie spectaculars, and Apple’s streaming service is offering the highly anticipated new film Wolfwalkers from Cartoon Saloon, the company behind Song of The Sea (2014) and The Breadwinner (2017). Wolfwalkers is an animated fantasy set in 17th Century Ireland, in a city occupied the English [...]
Confidence in the City of London remains strong, with planning applications up in November December 10, 2020 The number of planning applications for the City of London have exceeded pre-pandemic levels, showing investor confidence in the district.
Morgan Stanley to move €100bn of assets to Frankfurt amid Brexit December 10, 2020 Wall Street giant Morgan Stanley is planning to move around €100bn (£92bn) in assets to Frankfurt in Germany to protect its business amid Brexit. Bloomberg reported that the bank plans to move the assets in the first quarter of next year, to the subsidiary Morgan Stanley Europe. Morgan Stanley is the latest lender to transfer [...]
Tube usage bounces back to October levels as Londoners dash for shops December 10, 2020 Tube and bus usage jumped back to pre-second lockdown levels last week as Londoners rushed back to shops, pubs, and restaurants after a month of restrictions. On 4 December, there were 1.56m journeys made on the London Underground, and 3.6m trips made by bus, data from TfL shows. That’s roughly a third higher than the [...]
EU takes on big tech firms with new legislation December 10, 2020 Under new European regulation big tech companies will face large fines if they do not take more responsibility for policing the internet. The EU will require large tech firms, such as Facebook and Amazon, to vet third-party suppliers and share data with authorities and researchers on how they moderate illegal content, according to a document [...]
AIM-listed Reabold finds largest onshore oil field in UK in 50 years December 10, 2020 A London-listed oil firm has today said it believes it has found the largest onshore oil field discovered in the UK since 1973, sending its shares soaring. Reabold Resources said that drillers at the West Newton site in east Yorkshire had found a new 62 metre oil reservoir, taking the total hydrocarbon column to 118 [...]
