Business leaders voice growing concern over government striking good Brexit deal October 1, 2018 Business leaders voiced growing concern in the government's ability to deliver a good Brexit deal today as a survey revealed confidence had dipped to its lowest level in over a year. Releasing its quarterly Brexit Monitor, consulting firm RSM said just 39 per cent of business leaders thought the government could strike a 'good deal' [...]
PwC UK chairman resists calls for Big Four breakup as firm posts record revenues September 17, 2018 The chairman of PricewaterhouseCoopers UK said the Big Four accountant has learnt from its mistakes and improved processes, after it raised revenues despite settling two regulatory investigations in the past year. Kevin Ellis, PwC’s UK chairman and senior partner, told City A.M. he stands by the company’s opposition to breaking up the Big Four accountancy firms, [...]
PwC UK chairman resists calls for Big Four breakup as firm posts record revenues September 17, 2018 The chairman of PricewaterhouseCoopers UK said the Big Four accountant has learnt from its mistakes and improved processes, after it raised revenues despite settling two regulatory investigations in the past year. Kevin Ellis, PwC’s UK chairman and senior partner, told City A.M. he stands by the company’s opposition to breaking up the Big Four accountancy firms, [...]
Businesses warned after mandate fraud losses more than double to £77m September 17, 2018 Businesses losses from mandate fraud have more than doubled to £77m in the past year as firms are urged to alert staff to the dangers. Figures from the police's Action Fraud unit, obtained by audit firm RSM, showed that businesses reported more than 3,451 incidents of mandate fraud in 2017-18 – up 123 per cent on the [...]
Businesses warned after mandate fraud losses more than double to £77m September 17, 2018 Businesses losses from mandate fraud have more than doubled to £77m in the past year as firms are urged to alert staff to the dangers. Figures from the police's Action Fraud unit, obtained by audit firm RSM, showed that businesses reported more than 3,451 incidents of mandate fraud in 2017-18 – up 123 per cent on the [...]
Value of inward UK M&A deals falls by £15.8bn September 4, 2018 The value of mergers and acquisitions (M&A) of UK companies by foreign businesses fell by £15.8bn between April and June this year. The drop, from £22.3bn to £6.5bn, reflected the absence of high-value transactions that were seen in previous periods, the Office for National Statistics (ONS) said. Read more: Petrol station merger could drive up fuel prices, [...]
Business losses from employee corporate fraud double on last year to nearly £90m August 28, 2018 Businesses lost nearly £90m from fraud carried out by their own employees this financial year, double the figure for the year before, new data reveals. The Home Office defines corporate employee fraud as when an employee is able to obtain property or greater remuneration through the act of fraud, as well as the misuse of corporate cards and expenses. [...]
More restaurant chains could close stores after poor Christmas sales January 19, 2018 Christmas trading was disappointing at Britain’s restaurant and pub groups, with sales slightly down on 2016. Like-for-like sales declined 0.1 per cent against the previous year’s festive period, according to the Coffer Peach Business Tracker. Drinks-led businesses fared better than restaurants and gastro pubs, with drinks sales up 1.8 per cent across pubs while food [...]
Taxman “rubbing its hands with glee” over bitcoin December 13, 2017 Interest in bitcoin has continued to boom despite concerns that the bubble could burst at any moment, and regulators are struggling to keep up. Today, news emerged that South Korea was considering taxing capital gains from cryptocurrency trading, prompting questions of how bitcoin could be taxed in the UK. “Any moves to introduce CGT [capital [...]
Disruptive law firm Keystone reveals £50m float plans November 16, 2017 Disruptive law firm Keystone today announced plans for a £50m float to boost its brand and enhance growth prospects. Founded in 2002, Keystone was one of the first so-called "platform" firms. The company sits as an umbrella, allowing smaller firms to operate out of their own offices but under Keystone's brand. Lawyers do not receive [...]