KPMG will halt non-audit work on FTSE 350 clients in wake of Carillion November 8, 2018 KPMG is set to become the first of the so-called Big Four to cease all non-audit work for FTSE 350 clients in the wake of Carillion. The auditor will stop providing all but some essential non-audit services for the 90 FTSE 350 customers whose accounts it audits, it has told 625 UK partners in a [...]
Talktalk stalls on £1.5bn deal to roll out full-fibre internet to UK homes November 7, 2018 British telecoms network Talktalk has put discussions with Prudential-owned investment vehicle Infracapital on hold amid a valuation dispute on a £1.5bn deal to roll out full-fibre broadband to millions of homes across the country. Sky News reported tonight that the two parties have reached an impasse on the joint venture, which was announced in February. [...]
Brexit bilateral deals will create a ‘migraine’ for private aviation, says industry CEO November 7, 2018 Bilateral aviation agreements with the EU after Brexit would create a "migraine" for the private jet industry, the boss of global booking platform PrivateFly has said. PrivateFly chief executive Adam Twidell, a former RAF pilot who launched the business with his wife Carol in 2008, told City A.M. that the possibility of Britain striking a number of [...]
The sky’s the limit: Solving the housing crisis involves unlocking the UK’s air rights November 7, 2018 The biggest and brightest cities in the world are known for their skylines, where towers and skyscrapers made of glass and steel jostle with one another, vying for our attention. Skyscrapers are the hallmark of bustling and healthy cities – a sign that a lot of people want to live and work within a few square [...]
Pepsico’s Pipers deal adds to record year for US acquisitions of UK firms November 6, 2018 Pepsico swooped on premium British crisp brand Pipers today adding to a bumper year for US acquisitions of UK firms, with deals already hitting a record $87bn (£66.4bn). The value of acquisitions has surged by a whopping $57bn since last year, according to figures compiled by Dealogic. The record figure does not include the undisclosed value [...]
Top HSBC executive probed by Financial Conduct Authority November 6, 2018 A top executive at HSBC is being probed by city regulator the Financial Conduct Authority (FCA). Sky News reports that Paul Watson, whose online profile lists him as head of regulatory compliance for the global banking and markets division of HSBC, is being investigated by the regulator. The inquiry, which is thought to have started [...]
Pepsico bid for British crisp brand Pipers shows more US companies hungry for UK assets November 6, 2018 Pepsico swooped on premium British crisp brand Pipers today adding to a bumper year for US acquisitions of UK firms, with deals already hitting a record $87bn (£66.4bn). The value of acquisitions has surged by a whopping $57bn since last year, according to figures compiled by Dealogic. The record figure does not include the undisclosed [...]
Lloyds Banking Group set to create 8,000 new UK jobs November 5, 2018 Lloyds Banking Group is reportedly set to announce plans tomorrow to create 8,000 jobs in the UK as part of a £3bn technology and transformation investment programme. The bank will also announce that it is cutting 6,000 roles, leading to a net jobs creation figure of 2,000. Sky News reports the reorganisation is part of [...]
From towering glaciers to barnacle-encrusted whales, Lizzie Pook heads to unexplored east Greenland to learn how to capture this wild land on camera November 5, 2018 Spend enough time in the Greenlandic wilderness and everything starts to take on a cinematic quality. Inky waters roiling with dolphins seem like they should be scored by the soaring strings of an orchestra. Cathedral-sized icebergs, like colossal sparkling geodes, pass gracefully in the manner of silent film stars. Everything looks like opening credits; a [...]
The Co-op could offload its insurance arm in a £300m deal November 5, 2018 The Co-op Group is reportedly in talks to sell its insurance business to underwriter Markerstudy Group in what would be a £300m deal. According to Sky News the talks between the two companies are at an advanced stage, though no decision has been taken be either side on whether to proceed with the deal. Sky [...]