High profile retailer failures will ‘once again shine spotlight on auditors’ December 3, 2020 A possible avalanche of corporate failures could once again shine the spotlight on auditors, according to Menzies partner James Hadfield. The partner said he could foresee more failures coming, and believed it likely auditors would become a talking point in the process. The high street is having a particularly tough time at the moment, with [...]
Successful Indian Premier League 2020 underlines that competition remains king December 3, 2020 Cricket’s Indian Premier League ended with the Mumbai Indians beating the Delhi Capitals in a rather one-sided and lacklustre final last month. Yet while the showpiece event failed to deliver, it couldn’t take the gloss off a remarkably successful tournament in the UAE. Uday Shankar, president of Disney Asia Pacific, which owns broadcaster Star Sports, [...]
Driving home for Christmas? Government puts road and rail works on ice December 3, 2020 The government will cancel planned roadworks and rail upgrades, and also lay on extra services, to ease people’s journeys over the Christmas period. With a large number of people expected to travel to visit relatives and friends over the holidays, ministers have put in place plans for a special travel window between 23 and 27 [...]
Paddy Power owner Flutter in $4.2bn deal for FanDuel stake, sending shares higher December 3, 2020 Shares in the owner of Paddy Power and Betfair, Flutter, have jumped nearly seven per cent this afternoon on news it will buy a 37.5 per cent stake in FanDuel for $4.18bn. Around $2.1bn of that will be in cash to Fastball with the remainder received in Flutter shares. London-listed Flutter also said it will raise [...]
Collapsed Debenhams claimed £40.5m of taxpayer cash via furlough scheme December 3, 2020 Collapsed Debenhams claimed £40.5m of taxpayer cash via furlough scheme
Asda joins ranks of supermarkets set to return business rates relief December 3, 2020 Asda has joined the growing number of UK supermarkets to hand back business rates relief given by the government to help it through the coronavirus crisis. This afternoon the grocer confirmed that it would repay £340m in emergency support – the fifth supermarket to make such a pledge. Since Tesco first announced it would give [...]
Exclusive: Investors prioritise security as they flock to low risk assets December 3, 2020 UK investors are shifting their attention to low risk assets as they prioritise security over returns in their investment strategies for the next year. A survey of almost 900 UK investors by Butterfield Mortgages reveals that nearly half have lost money due to the volatility caused by the pandemic. In times of uncertainty, investors will [...]
The Future is Decentralized: 5 Reasons Why DeFi’s Cool-down Will Be Short Lived December 3, 2020 DeFi was once the hottest crypto trend of 2020, but the sector’s recent slowdown has some wondering whether the boom times are over. While Bitcoin’s taken the spotlight for now, crypto enthusiasts take heed: it would be unwise to count DeFi out. The decentralized finance (DeFi) sector started out as a relatively niche market before [...]
EU wants Brexit trade deal wrapped up with the UK by Friday December 3, 2020 Brussels officials are reportedly pushing for a UK-EU trade deal to be completed by tomorrow to avoid significant disruption when the Brexit transition period ends on 31 December. Talks between UK and EU negotiators are still deadlocked, with Brussels now warning that the European parliament will find it hard to ratify a deal before the [...]
Flybe gearing up for take off as collapsed carrier applies for new licence December 3, 2020 The resurrection of collapsed regional airline Flybe has moved a step nearer after it was revealed that the carrier’s new owner had applied for a UK operating licence. The Telegraph reported that Thyme Opco, a holding company said up by hedge fund Cyrus Capital in October, had applied to the Civil Aviation Authority for the [...]
