Business | Regulators push for global crypto standards

Financial watchdogs need to focus on tightening up regulation of the cryptocurrency industry in early 2023, says PwC

16 Dec 2022

Business

Companies

Accountancy Firms

AI & Technology

Business | Bank of England raises interest rate to 3.5%

In the ninth hike in a row, the Bank of England has increased the base interest rate by 0.5% to 3.5%

15 Dec 2022

Business

Companies

Business | Businesses optimistic facing recession

Around 71% of middle market businesses are ready to face the recession although only a third expect the economy to improve in the next six months

15 Dec 2022

Business

Companies

Accountancy Firms

Business | Company insolvencies rise 21%

The number of company insolvencies increased by 21% from October to 2,029, according to Insolvency Service data

14 Dec 2022

Business

Companies

Accountancy Firms

Restructuring & Insolvency

Business | Inflation rate falls slightly to 10.7%

The rate of inflation hit 10.7% for the 12 months to November, down from 11.1% in October, according to ONS figures

14 Dec 2022

Business

Companies

Accountancy Firms

Business | SEC fines Danske Bank $413m for money laundering failures

Danske Bank has been fined $413m (£333m) by US regulator for misleading investors about its money laundering compliance programme

14 Dec 2022

Business

Companies

Called to Account

Business | FTX founder charged with defrauding investors

The founder of the collapsed cryptocurrency exchange FTX has been charged with defrauding investors after being arrested on Monday

13 Dec 2022

Business

Companies

Accountancy Firms

Restructuring & Insolvency

Tax | Netflix paid £5m in tax due to royalty agreement

Streaming service Netflix paid only £5m in corporation tax last year, despite reporting revenues of more than £1.3bn in the UK

13 Dec 2022

Tax

Business Tax

Tax Compliance

Companies

Business | Worcester Warriors takeover extended

The administrators of Worcester Warrior Rugby Club will be extending their current exclusivity period to allow more time for preferred bidders to conclude a deal

13 Dec 2022

Business

Companies

Restructuring & Insolvency

Business | FTSE 100 fines quadruple to £1.6bn

Fines against FTSE 100 companies have jumped more than four times in value in the past year, standing at £1.6bn, for breaches in anti-money laundering controls and market abuse

12 Dec 2022

Business

Companies

Accountancy Firms

Called to Account

Business | EY acquires ifb SE group

Big Four firm EY has acquired ifb SE, an international finance and risk compliance consultancy

12 Dec 2022

Business

Companies

Accountancy Firms

Business | Engineer banned for £100k bounce back fraud

An engineering director fraudulently claimed two bounce back loans for £100,00 from two different banks within a four-week period

9 Dec 2022

Business

Companies

Accountancy Firms

Called to Account

Business | Starting pay still on the rise for job seekers

Candidate shortages and economic uncertainty weighed on permanent job recruitment in November, according to KPMG and REC jobs report

8 Dec 2022

Business

Companies

Accountancy Firms

Business | Director misled bank over turnover to get covid loan

Restaurant and fashion bosses have been banned for misconduct including bounce back loan abuse and failure to keep company accounts

7 Dec 2022

Business

Companies

Accountancy Firms

Restructuring & Insolvency

Business | Taskforce recovers £400m from fraud probes

More than £400m of taxpayers’ money has been saved as the government clamps down on tax and benefits fraud

6 Dec 2022

Business

Companies

Accountancy Firms

Pensions