Views sought on green blueprint for City’s ‘hidden natural world’ May 27, 2021 People are being asked to have their say on a five-year blueprint for improving the biodiversity of the City of London. The City of London Corporation is consulting on its draft Biodiversity Action Plan, aimed at making the Square Mile more attractive to birds, mammals, insects and invertebrates. The plan includes measures to improve the [...]
Challengers turn their backs on ‘shared audits’ of the largest companies May 27, 2021 So-called ‘challenger’ audit firms BDO and Grant Thornton are reportedly considering not pitching for shared audits of FTSE 100 companies, in a move that could jeopardise the government’s plans to water down Big Four dominance. The two challengers are instead considering focusing on increasing the number of FTSE 250 companies they audit on a solo [...]
Sales at Pets at Home pass £1.4bn as Brits pick up furry companions May 27, 2021 Revenue at Pets at Home jumped nearly eight per cent in the last year, as coronavirus-led lockdowns persuaded more households to get a pet. Revenue at the pet care retailer jumped 7.9 per cent to £1.14bn in the group’s 2021 financial year. Retail revenue reached £1bn for the first time despite Covid-19 restrictions, and revenue [...]
Gama Aviation suffers $14.7m loss but focuses on emergency service flights May 27, 2021 British aviation company Gama Aviation, like most airline businesses, suffered a gruelling financial year after the Covid-19 pandemic grounded flights across the globe. Gama reported a statutory loss of $14.7m this morning, down from a loss of $11.5m in 2019, in the year to 31 December. While unable to fly commercially across borders, the group [...]
Audit watchdog admits it was not up to the job amid major company collapse May 27, 2021 The boss of the Financial Reporting Council (FRC) has admitted the audit regulator was asleep at the wheel following large scale business collapses that shook confidence in the sector. Sir Jon Thompson, chief executive of the FRC, said he agreed with criticism of the regulator following the collapse of Carillion and Patisserie Valerie. Speaking to [...]
Real estate investment trust NewRiver appoints new chairman to pub board May 27, 2021 Real estate investment trust NewRiver has hired a new chairman to help manage its community pub business Hawthorn, who steps into the role with immediate effect. Incoming chairman Colin Rutherford, a board veteran, is set to oversee over 650 pubs while maintaining his role as a non-executive director and chairman of the audit committee at [...]
Morgan Stanley mulls £261m bid for UK waste management firm Augean May 27, 2021 Morgan Stanley Infrastructure Partners this morning confirms it’s weighing up a move for UK waste management services company Augean. The potential acquisition, first reported by Bloomberg, would be the latest in a flurry of take-private deals in the UK. Morgan Stanley has been considering a potential takeover of Augean, which has a market value of [...]
Hancock to hit back at Cummings’ explosive claims he should have been fired over Covid deaths May 27, 2021 Matt Hancock to hit back at Dominic Cummings’ explosive claims he should have been fired over Covid deaths
Covid: London SMEs lost around £100,000 more than businesses elsewhere in the UK May 27, 2021 It is safe to say that UK SMEs have taken a large blow to finances since the Covid-19 pandemic closed shop doors, with 82 per cent feeling the tightening purse strings, according to freelance platform Fiverr. On average, UK SMEs have lost just under £192,000 in revenue in the last 12 months – while just [...]
Daily Mail group revenue plunges £95m but investments offset the loss May 27, 2021 The group behind the Daily Mail has seen revenues tumble 12 per cent over the past six months, the newspaper group said this morning, but its investments may have offset the loss. The newspaper group raked in nearly £100m less in the six months to 31 March, earning revenue of £547m, down from £642m in [...]
