UK audit body opens consultation on plans to update public sector accounting guidance August 9, 2022 The UK’s Public Audit Forum (PAF) has opened a consultation on revising the guidance on auditing public sector entities. The PAF, a consortium of the UK’s four national audit agencies, are calling on auditors and other stakeholders to offer their views on plans to amend Practice Note 10, which provides guidance on auditing public [...]
Inflation continues to cast a shadow over crypto markets August 9, 2022 The price of Bitcoin continues to hover at around $24k, dropping just 1.38 per cent over the past 24 hours to $23,810 this morning.
Porsche Cayman GT4 RS review: street fighter August 9, 2022 Tim Pitt drives the Porsche Cayman GT4 RS – a factory hot rod with the 500hp flat-six from the 911 GT3. It could be the last of a dying breed.
Inmarsat and Viasat £5.4bn merger paused until CMA wraps up probe August 9, 2022 The £5.4bn takeover of British satellite giant Inmarsat by US rival Viasat has been put on hold until the UK’s competition watchdog completes a probe into the merger. The Competition and Markets Authority today officially launched an inquiry into the merger, having invited onlookers for comment in late July. The regulator will have until 5 [...]
Brits to face record £4,400 energy bills as gas prices refuse to come down August 9, 2022 Cornwall Insight has hiked its price cap forecasts to over £4,000 next year, attributing the rise to Ofgem's decision to shift to a quarterly model.
Felixstowe strike set to go ahead as no deal reached yesterday August 9, 2022 The strike at the port of Felixstowe is set to go ahead after no deal was reached yesterday between dock workers and port authorities. The union announced that around 1,900 staff members will walk out for eight days, from 21 to 29 August, over salaries. Felixstowe said it was disappointed by the union’s decision to [...]
Investors reach for the bottle as inflation soars August 9, 2022 Nervous investors are turning to wine as a steady store of value as inflation climbs.
London’s Right to Buy-back scheme unlocks over 1,500 council homes August 9, 2022 More than 1,500 London homes have been brought back into public ownership over the past year, under London mayor Sadiq Khan’s Right to Buy-back scheme. The scheme, announced last July, aims to boost the capital’s supply of council homes, giving 14 boroughs access to £15m to buy back properties which have been – or will [...]
Avast operating profit sink ahead of £7bn takeover August 9, 2022 Antivirus software giant Avast’s operating profit has sunk so far this year, as it looks set for a takeover by fellow cybersecurity heavyweight NortonLifeLock. Operating profit plunged by $54.2m (£44.8m), from $226.7m (£187.6m) to $172.6m ($142.8m), which bosses said had been driven by higher exceptional and other costs. While revenue inched 0.2 per cent higher [...]
Exclusive: Energy giants urge struggling customers to get in touch ahead of winter August 9, 2022 Some of the biggest energy firms have encouraged worried customers to make contact with them as soon possible.
