I recreated all my favourite TV tropes, from crawling through pipes to being two kids in a trenchcoat
GSK snatches Julie Brown from Burberry’s top management September 24, 2022 GSK has reportedly snatched Burberry’s chief operating and financial officer Julie Brown. Sources told Sky News the £53bn pharmaceutical titan could appoint Brown as its chief financial officer as soon as Monday. The businesswoman in fact announced on Friday she would step down next year after six years at Burberry. Working alongside chief executive Dame [...]
Sanjeev Gupta’s auditor King & King quit over lack of evidence September 21, 2022 The tiny firm that audits the accounts of Sanjeev Gupta’s steelmaking empire has said it resigned from auditing four of the magnate’s companies due to being unable to complete its audits because a “lack of sufficient information.” In a letter filed to Companies House, King & King said it had resigned as auditor four of [...]
What’s next for the UK’s crypto economy? September 18, 2022 Simon Jennings analyses the opportunity for the UK to be at the forefront of change and become the global centre of the crypto economy.
Property guru: Truss’s energy package has helped housing market from cliff edge September 17, 2022 The Government’s action to limit the impact of energy price rises has helped pull the housing market back from the cliff-edge, a leading property association told City A.M. this morning. But the National Association of Property Buyers’ (NAPB) does stress further steps are urgently needed to ensure we don’t see a serious downturn in house [...]
Auditor to Sanjeev Gupta’s metals empires cuts ties to at least two key firms September 15, 2022 The little-known firm responsible for audits the accounts of Sanjeev Gupta’s metals empire has resigned from at least two of the embattled magnate’s core firms, following the launch of a probe in May. Two-office accounting firm King & King has resigned as auditor from Liberty Specialty Steels and Liberty Steel Dalzell, Companies House filings show. [...]
Wilko shakes up rent payments as it eyes cashflow ahead of Christmas September 11, 2022 High street giant Wilko is shaking up its rent payments schedule in a bid to conserve cash in the run up to Christmas. The garden and home retailer told landlords that it would now unilaterally pay its quarterly rent bill in monthly instalments to manage the firm’s cashflow: heralding a difficult time moving forward for [...]
Not having it: Revolut hits back at cost-cutting claims September 8, 2022 Revolut has hit back at claims it is cost-cutting and labelled them “misleading and incorrect” today after reports it was in the midst of a major review of its cost base.
J.P. Morgan distances itself from Boris Johnson speaking deal rumours September 7, 2022 J.P. Morgan has not offered Boris Johnson a lucrative post-premiership speaking deal, despite rumours to the contrary. It was reported in The Telegraph on Monday that Johnson had been offered £2m to give six speeches at J.P. Morgan events. However, sources at the US investment bank have told City A.M. that Johnson has not been courted for [...]
Audit watchdog’s Birmingham staff relocation plans still to be decided September 7, 2022 Ministers have not yet come to a decision as to whether staff at the Financial Reporting Council (FRC) will be asked to relocate to Birmingham following the launch of the UK’s new audit watchdog, City A.M. understands. Staff were told that Birmingham had been picked as the home of the UK’s new Audit, Reporting Governance [...]
Audit watchdog’s move to Birmingham could spark staff exodus, industry experts warn September 6, 2022 The government’s decision to pick Birmingham as the future home for the UK’s new audit watchdog could see an exodus of talent from the regulator it is set to replace, industry experts have warned. City A.M. reported yesterday that ministers had picked the UK’s second largest city, Birmingham, as the home of the soon-to-be-launched Audit, [...]