Accountancy firm Grant Thornton and one of its partners hit with fines for audit failures December 10, 2019 Accountancy firm Grant Thornton was today fined £650,000 and one of its partners £20,000 for failures in the auditing of a publicly listed company. Regulator the Financial Reporting Council (FRC) said it had sanctioned the firm with a £650,000 fine (discounted to £422,500) and one of its partners £20,000 (discounted to £13,000). It has also [...]
FTSE 100 opens higher as China tariff waiver raises hopes of trade truce December 6, 2019 The FTSE 100 bounced back in early trading today as China’s decision to roll back tariffs on some US exports raised hopes of a pre-Christmas trade war truce. London’s blue-chip index was up roughly 0.8 per cent to 7,195.1 points this morning as traders reacted to developments in Beijing. Read more: Global growth to pick [...]
The professional’s pick of the season’s top fitness gadgets December 3, 2019 Getting people fit any healthy is something I do every day. Putting someone through a workout in the gym, however, will never be enough to get results. To function at your best, you need to keep a lot of plates spinning across the spectrum of your life. Sometimes we need a helping hand, such as [...]
General Election 2019: Businesses hit back as Labour ‘names and shames’ UK’s five worst bosses December 2, 2019 Businesses have hit back against Labour’s renewed attack, after the party “named and shamed” some of the biggest firms in the country. Retailers Amazon, Asda and Sports Direct, taxi app Uber and outsourcer ISS have all come under attack from Jeremy Corbyn, as part of Labour’s campaign promise to deliver “the biggest extension of workers’ [...]
Sports Direct to rebrand as Frasers Group as Mike Ashley attempts to elevate image November 25, 2019 Sports Direct International has announced it will rebrand as Frasers Group as retail tycoon owner Mike Ashley attempts to improve the company’s image. The proposed rebrand, which will be voted on by shareholders on 16 December, follows the announcement that the company is planning to launch a chain of of luxury high street stores named [...]
War, what is it good for? Absolutely not business November 21, 2019 Management terms such as “strategy”, “logistics” and “operations”, among others, have been borrowed directly from military science. Today, we’re taking it even further — every day in the office, it’s like we’re entering into a battle. New pricing strategy? That’ll be a “price war”. A big task? Let’s “divide and conquer”. Handling a crisis? Time [...]
House of Fraser accused of reversing fur ban November 20, 2019 Retail tycoon Mike Ashley is facing accusations that he has overturned a ban on real fur at House of Fraser. Customers posted images on social media that appeared to show fur-lined coats found in store, despite the company’s previous no-fur stance. Read more: Sports Direct hit by ‘terminal’ House of Fraser problems Some shoppers pledged [...]
The Bentley Bentayga Speed is officially the fastest SUV on sale. But should you buy one? November 18, 2019 Zero-point-six-two miles per hour. That slender margin – half the speed of a spider scuttling across your bathroom floor – is enough to make the Bentayga Speed the fastest SUV in the world. Yes, Lamborghini rounds up to an identical 190mph maximum for its second-placed Urus. But whether you’re blitzing a German autobahn or bragging [...]
Arcuri blasts Prime Minister for treating her like ‘one night stand’ November 17, 2019 US tech entrepreneur Jennifer Arcuri has accused the Prime Minister of casting her aside “like a gremlin” and treating her as “some fleeting one night stand”. Arcuri addressed the Prime Minister directly in an interview with ITV’s Exposure on Sunday evening over their alleged relationship. “I’ve kept your secrets, and I’ve been your friend… I [...]
Mike Ashley demands landlords link rent to sales November 17, 2019 Retail tycoon Mike Ashley, the founder of Sports Direct, has demanded that new rent deals are tied to sales across his high street empire. Ashley has reportedly asked landlords to agree to turnover rents, where up to 15 per cent of the rent payable is linked to in-store sales. Read more: Sports Direct ends two [...]