Companies

Image for carwash boss banned over ps50k bounce back abuse

Business | Carwash boss banned over £50k bounce back abuse

A carwash owner from Suffolk has been banned for 10 years after exaggerating his turnover fivefold to claim a £50,000 bounce back loan

9 Jan 2023

Business | What accountants can expect in 2023

John Edwards, chief executive of the Institute of Financial Accountants (IFA), reveals his key trends and predictions for accountants

9 Jan 2023

Business | Top restaurant groups profitable after four years

The UK’s top 100 restaurant groups reported £19.9m profit in 2022, the first positive contribution since before the pandemic

9 Jan 2023

Restructuring & Insolvency

Image for how overseas property register works

Business | How overseas property register works

As the deadline to register UK property owned by overseas owners approaches, David Rudge, head of UK at Zedra, explains the centrepiece of the Economic Crime Act

9 Jan 2023

Business | EY opens fintech innovation hub

EY has set up an innovation hub as part of its regional fintech investment, which will be based in the Big Four firm’s Bristol office

6 Jan 2023

Image for barber jailed over misuse bounce back loan

Business | Barber jailed over misuse of bounce back loan

A barber has been sentenced to 12 years in prison after sending thousands of pounds from bounce back loan grants to fund the Islamic State in Syria

6 Jan 2023

Business | Clothes wholesaler banned for £50k bounce back fraud

A clothing trader has been banned for 10 years after falsely claiming £50,000 bounce back loan

6 Jan 2023

Business | Bounce back loan applicant details will not be made public

An attempt to force British Business Bank to publish the details of all companies that applied for covid support loans has failed in court

5 Jan 2023

Business | Tax burden and inflation key worries for business

More than a third of businesses are concerned about the rising tax burden while inflation and energy bills are pushing up running costs

5 Jan 2023

Image for ftse 100 ceos earn more uk worker three days

Business | FTSE 100 CEOs earn more than UK worker in three days

The bosses of FTSE 100 companies have been paid more in three days than the average UK worker for the whole year

5 Jan 2023

Business | Wilko secures £40m funding

UK retailer Wilko has secured £40m funding and replaced the company’s founder as it moves to make ‘necessary changes’ after facing a turbulent period

5 Jan 2023

Image for former ftx boss pleads not guilty fraud

Business | Former FTX boss pleads not guilty to fraud

Sam Bankman-Fried, former boss of cryptocurrency exchange FTX, has officially denied charges of fraud

4 Jan 2023

Business | Treasury, HMRC and FRC officials honoured

The former interim chair of the FRC, finance chiefs and HMRC and Treasury officials have been recognised on the New Year’s Honours list

3 Jan 2023

Leadership & Management

Image for cfos criticise high borrowing costs

Business | CFOs criticise high borrowing costs

High borrowing costs are putting CFOs off taking out bank borrowing and invoice factoring, the worst situation since the financial crisis in 2008

3 Jan 2023

Image for low sales growth predicted after record shop closures

Business | Low sales growth predicted after record shop closures

Retail sales are only set to grow between 2.3% to 3.5% this year at the same levels as 2022 while the number of shop closures hit a five-year high in 2022

3 Jan 2023