Business | UK drops from fourth to seventh place for aerospace investment

UK is ranked seventh out of 100 countries in PwC’s global aerospace investment study, the top performing European nation, with Brexit and Covid-19 challenges playing a role in the drop from fourth position in 2019

4 Nov 2020

Business

Companies

Business | Shareholder participation up at virtual AGMs

Fears that the switch to virtual-only and hybrid AGMs in response to Covid-19 disruption would dilute shareholder rights have proved unfounded, according to a study showing investor engagement has increased during the pandemic

4 Nov 2020

Business

Companies

Accountancy Firms

Business | MoJ review of corporate criminal liability

The Ministry of Justice (MoJ) has announced a Law Commission review of the corporate criminal liability laws, with potential reforms including new offences holding companies to account for criminal wrongdoing undertaken by them, or on their behalf

4 Nov 2020

Business

Companies

Law & Guidance

Business | Deloitte doubles legal services team

Deloitte is spearheading a push into legal services, doubling the size of its offering, by acquiring Kemp Little, a leading technology and digital media law firm

4 Nov 2020

Business

Companies

Accountancy Firms

Business | German regulators slammed over Wirecard failures

Germany’s supervisory system for financial reporting has been heavily criticised for its failures in handling problems at Wirecard, the German fintech which became embroiled in an accounting scandal and went into administration owing €3.5bn (£3.16bn)

4 Nov 2020

Business

Companies

Restructuring & Insolvency

Business | Legal updates: November 2020

In this month’s round up of legal news, Gateley Legal’s Sophie Brookes considers differences in the meaning of ‘goodwill’, new guidance on directors’ duties and best practice for AGMs during the pandemic

4 Nov 2020

Business

Companies

Law & Guidance

Business | Pensions dashboard pushed to 2023

The government is to mandate the use of simpler annual benefit statements for defined contribution (DC) pension schemes, in a bid to improve savers’ understanding of their position, but implementation of an online pensions dashboard has been pushed back to 2023

3 Nov 2020

Business

Companies

Pensions

AI & Technology

Business | Charity Commission launches trustee guidance

The Charity Commission has launched a new set of simple, easy to understand guides, designed to help trustees run their charities in line with the law

3 Nov 2020

Business

Companies

Accountancy Firms

Charities

Business | More Covid support for self employed with 80% grant boost

As tighter lockdown restrictions come into force, the government has said it will increase its financial support to the self employed over the coming months and ensure people get paid faster than previously planned

3 Nov 2020

Business

Companies

Careers

Leadership & Management

Finance | Accounting for Brexit part 2: large and listed entities

In the second article of a series on the impact of Brexit on audit and accounting, Croner-i writers David Duvall, Steve Collings and Rachel Farris examine the impact of Brexit regulations on reporting for larger entities

3 Nov 2020

Finance

Accounting Standards

Financial Reporting

IFRS

Business

Companies

Business | Covid pushes business borrowing up five-fold

UK businesses are set to borrow more than five times as much this year compared with the previous twelve months as a result of Covid-19, according to analysis from EY

2 Nov 2020

Business

Companies

Finance | M&G opts for PwC as external auditor

Investment manager M&G has picked PwC as its external auditor, replacing KPMG which had held the role since 1999

2 Nov 2020

Auditing

Corporate Governance

Business

Companies

Accountancy Firms

Business | Furlough scheme extended for a month

Following the announcement of a month-long national lockdown in England, the Treasury has said the coronavirus job retention scheme (CRJS), due to end on 31 October, will now remain open until December

2 Nov 2020

Business

Companies

Careers

Leadership & Management

Business | England under national lockdown from 5 November

Prime Minister Boris Johnson has announced tougher national restrictions across England from Thursday, including the closure of non-essential shops and leisure facilities, in a bid to slow a sharp rise in Covid-19 infections across the country

2 Nov 2020

Business

Companies

Business | People in the news: UHY Hacker Young, Haines Watts, Crowe

In this week’s accountancy career moves, partner promotions at UHY Hacker Young, Crowe, EY and Haines Watts, directors named at Foxley Kingham and Quantuma, plus nine director promotions at RSM

30 Oct 2020

Business

Companies

Careers

Leadership & Management