Private equity bidders eye KPMG’s restructuring arm January 6, 2021 Private equity firms are eyeing up KPMG’s restructuring arm, as the Big Four firm prepares to offload its restructuring operations in the UK. Intermediate Capital Group and Towerbrook Capital Partners are preparing to submit initial bids for the business ahead of a deadline later this month, Sky News reported. The division is rumoured to be [...]
FRC: Deloitte allowed Autonomy to ‘present misleading financial position’ January 6, 2021 Deloitte’s audit of scandal-hit UK software firm Autonomy allowed the company to “present a misleading picture of its financial position”, the City watchdog said this morning. The Financial Reporting Council investigated the actions of Deloitte and former partners Richard Knights and Nigel Mercer in relation to their audits of the disgraced tech company’s accounts. Autonomy [...]
Former City banker Richard Sharp ‘to be appointed’ as new BBC chair January 6, 2021 The government is reportedly poised to name former Goldman Sachs banker Richard Sharp as the new chair of the BBC. Ministers will this week announce that Sharp has been appointed to succeed Sir David Clementi at the helm of the broadcaster, Sky News reported. The appointment, which is made by the government rather than the [...]
Richard Sharp: Who is the surprise new frontrunner for the BBC top job? January 6, 2021 Speculation over the top contenders for the BBC chairmanship has been rife in recent weeks, with a string of well-known names entering (and exiting) the fray. But the race was this week thrown wide open after it emerged a relatively unknown candidate had emerged as the new frontrunner Richard Sharp, a multi-millionaire former Tory party [...]
Tech jobs are an engine at the heart of our 21st century economy December 29, 2020 If the strength of UK tech was ever in doubt, just take a glance at today’s end-of-year report from Tech Nation and the Digital Economy Council. Despite an incredibly turbulent 2020, stat after stat speaks to the sector’s resilience. As a result of the pandemic, tech, the ultimate disrupter of other industries, has found itself [...]
EY chair: ‘Nobody wants to go back to full time in the office’ December 17, 2020 Almost nobody will want to go back to working five days a week in the office post-pandemic, according to EY UK chair Hywel Ball, after employees have enjoyed the convenience of home working for most of 2020. Speaking to City A.M. Ball said offices were likely to look very different post-pandemic, and that staff would [...]
Capital Punishment: London to enter Tier 3 on Wednesday December 14, 2020 London is set to enter Tier 3 from midnight tomorrow, as the government scrambles to contain a sharp spike in coronavirus cases in the capital. The capital will enter the highest level of restrictions at 0.01am on Wednesday morning, the health secretary has announced. Parts of Essex and Hertfordshire including Basildon, Brentwood, Chelmsford, Epping Forest [...]
UK tourists banned from EU travel from 1 January December 11, 2020 British holidaymakers will be temporarily banned from travelling to the EU on 1 January, with Brussels saying its travel exemption will be taken away after the Brexit transition period ends. Very few non-EU or EEA countries, with low Covid rates, are allowed to travel to member states under current restrictions. Borders are still open to [...]
Councils running out of cash to support people forced to self-isolate December 10, 2020 People forced to self-isolate after coming into contact with coronavirus are being refused £500 support grants because local authorities are running out of money, England’s council chiefs have said. Councils were given £15m by the government in September to hand out £500 Test and Trace support payments to low-income individuals required to self-isolate and unable [...]
Bitcoin sets a new all-time high and Ethereum starts its journey to ETH 2.0 December 8, 2020 Last week was one of the most exciting weeks in 2020 for the crypto community, with an abundance of bullish news for Bitcoin and the achievement of a huge milestone for the Ethereum Foundation. Bitcoin’s new all-time high is $19,911, and this price was reached at 11:00 UTC on December 1, according to data by [...]