MPs call on Rishi Sunak to stop delaying audit reform October 29, 2023 A group of MPs and peers have written to the Prime Minister to call on him to include the Audit Reform Bill in King Charles’ state opening of Parliament on Wednesday, November 7.
Ofwat: Thames Water has ‘significant issues to address’ as industry pays £1.4bn to shareholders October 26, 2023 Water regulator Ofwat has named the four worst performing water companies, with troubled Thames Water among those being urged to address big holes in their finances. Ofwat, which oversees the water sector in England and Wales, said Thames Water, Southern Water, SES Water and South East Water need to deliver a turnaround in their financial [...]
Brandon Lewis: Former Tory chairman to join firm co-founded by sanctioned Russian billionaires October 25, 2023 Lewis will join the London-based firm, co-founded by billionaires Mikhail Fridman and Petr Aven, as an advisor.
Mark Kleinman: Why Barclays’ £1bn Telegraph bid won’t be the last word, Alison Rose’s next move and why no one wants to be chair of the BBC October 19, 2023 The must-read column from the man in the know, City Editor at Sky Mark Kleinman Barclays’s £1bn Telegraph bid not the last word Hold the front page: the Barclay family’s effort to lodge a knockout bid for The Daily Telegraph was timed like the arrival of a blockbuster newspaper story minutes before the final edition, [...]
‘Promises expected to fall short’ admits new UK National Lottery operator October 17, 2023 Despite initial vows, Allwyn has said last year’s funding to good causes of approximately £1.8bn will barely increase next year.
KPMG to cut jobs and freeze pay in deals division October 17, 2023 Around 110 employees, nearly seven percent of the KPMG's UK deals workforce, are expected to be laid off, according to the Financial Times.
Ex-Boris Johnson adviser switches sides to boost Labour business plans October 16, 2023 Former Tory adviser Iain Anderson has been recruited to work with Labour on securing closer relations with business.
Ministers ditch City reporting overhaul after backlash against more red tape October 16, 2023 The government has ditched its own plans to introduce burdensome new reporting requirements to UK companies today amid concerns over the amount of red tape tangling up British firms.
KPMG: Audit giant handed record fine over failures on Carillion collapse October 12, 2023 KPMG has been slapped with a record fine over its botched auditing of Carillion, the construction company which went spectacularly bust in 2018.
Cambridge sets out plan to double number of unicorns by 2035 October 11, 2023 Cambridge is aiming to double its number of "unicorns" by the year 2035, according to new plans set out by Innovate Cambridge.