Tetrosyl seeks £1m in compensation from BDO over 9-month audit delay January 26, 2022 Rochdale-based car products manufacturer Tetrosyl is seeking more than £1m in compensation from Belgian accountancy firm BDO, over claims that BDO’s “inadequate” handling of its audit damaged Tetrosyl’s relationships with its contractors and led to Tetrosyl’s directors facing criminal proceedings from Companies House. In documents seen by The Times, Tetrosyl said BDO’s nine-month delay in [...]
UK tech tycoon Mike Lynch fails bid to delay US extradition ruling January 26, 2022 British technology tycoon Mike Lynch, who is facing extradition to the US after being accused of fraud, has failed to delay a decision by the Home Office this morning. US authorities accused Lynch of being involved in a multibillion-dollar fraud over the sale of his software company, Autonomy, to Hewlett-Packard in 2011 for £8.5bn, which [...]
Octopus Energy doubts industry can rescue households from soaring energy bills January 26, 2022 Octopus Energy has questioned whether households can be spared from a painful spike in energy bills this spring.
IMF urges El Salvador to rethink Bitcoin legal tender January 26, 2022 The International Monetary Fund (IMF) has called for El Salvador to reverse its decision to make Bitcoin legal tender.
Santander launches buy now pay later product to take on fintechs January 26, 2022 Santander has announced plans to roll out a new buy now pay later platform across its European markets as the bank looks to boost revenues and fight off fintech competition.
Ripple hits $15bn valuation amid share buyback January 26, 2022 Distributed ledger technology company Ripple has hit a $15bn valuation after it bought back shares from Series C fundraisers.
Crypto markets continue to recover, although low volumes cast shadow January 26, 2022 The crypto markets continue to show signs of recovery this week, with Bitcoin currently changing hands at just below $38k.
EU ‘ghost flights’ can generate up to 2.1m tonnes of CO2 January 26, 2022 European ‘ghost flights’ could produce up to 2.1 million tonnes of CO2 this winter, according to a recent Greenpeace analysis. “Transport emissions are skyrocketing,” Herwig Schuster, a spokesperson for Greenpeace’s European Mobility for All campaign, told the Guardian. “It would be irresponsible of the EU not to take the low-hanging fruit of ending ghost flights [...]
Letters: A four day week with no choice January 26, 2022 [Re: A four day week is no panacea, January 24] The pandemic has forced us to look again at employee wellbeing. Supporters of the four-day working week believe it could be a much needed boost to UK productivity. The idea is to achieve the same results in fewer hours. By working fewer days, it is [...]
JPMorgan readies to convert $9.1bn mutual funds into ETFs January 26, 2022 JP Morgan will begin converting $9.1bn of mutual funds into exchange traded funds (ETF), after the four funds bled a combined $2bn in the year to November.
