Companies

Image for record 13bn money laundering fine australian bank

Business | Record $1.3bn money-laundering fine for Australian bank

Australian bank Westpac is to pay a record fine of A$1.3bn (£722m) after admitting more than 23 million breaches of money-laundering laws

28 Sep 2020

Business | Pros and cons of home working

With Belfast coming out top in a survey of the best places to work from home, Matthew Scott sets out the best ways to make the most of the new normal, whether it is in the kitchen or sitting room, London or Manchester

25 Sep 2020

Image for people news jersey finance kpmg shard capital

Business | People in the news: Jersey Finance, KPMG, Shard Capital

In this week’s accountancy career moves, executive board announcements at KPMG, chair named at Jersey Finance and Chartered Institute of Credit Management, and chief operating officer appointed at Shard Capital

25 Sep 2020

Image for 79 see cybersecurity top corporate risk

Business | 79% see cybersecurity as top corporate risk

For the third year running, cybersecurity tops the annual risk survey from the Chartered Institute of Internal Auditors (Chartered IIA) but, in the wake of Covid-19, disasters and crisis preparedness was also identified as a top five risk

25 Sep 2020

Business | FTSE 350 meets 33% female target

Across the FTSE 350 as a whole, women now make up more than a third of all board members for the first time, but individual companies are still missing the 33% target, government data shows

25 Sep 2020

Image for covid 19 sunak announces new job support scheme

Business | Covid-19: Sunak announces new job support scheme

Chancellor Rishi Sunak has announced a new job support scheme, starting on 1 November and lasting six months, with the aim of protecting viable jobs in businesses who are facing lower demand over the winter months due to Covid-19

24 Sep 2020

Image for frc seeks revenue and leases reporting improvements

Finance | FRC seeks revenue and leases reporting improvements

The Financial Reporting Council (FRC) is warning companies they need to improve their reporting of revenue and leases, after reviewing a sample of disclosures in annual and interim reports

24 Sep 2020

Finance | Big Four back universal sustainability metrics

The Big Four accountancy firms, together with the World Economic Forum (WEF), have released a set of universal environmental, social and governance (ESG) metrics designed to make benchmarking sustainable business performance easier and more comparable

24 Sep 2020

Business | November Budget cancelled

Chancellor Rishi Sunak has cancelled the planned Budget in the face of worsening coronavirus infection rates and increased restrictions, and is set to unveil a ‘winter economy plan’ in its place

24 Sep 2020

Image for gig workers face disguised lay threat

Business | Gig workers face disguised lay-off threat

As furlough schemes end, employers could be tempted to move ahead of the Uber ruling on worker status to avoid a large redundancy bill, but RSM’s Carolyn Brown warns employers need to keep on top of latest developments

24 Sep 2020

Image for vat refunds overseas shoppers go post brexit

Tax | VAT refunds to overseas shoppers to go post-Brexit

The Treasury has signalled the government will end VAT refunds on purchases made by overseas visitors on 31 December, when the UK leaves the EU, despite claims from the travel and luxury goods sector that this will harm tourism

23 Sep 2020

Finance | Almost two-thirds of FTSE 350 compliant with new corporate governance code

UK companies are largely meeting new corporate reporting requirements arising from the Financial Reporting Council’s changes in 2018, but need to demonstrate the link between intention and action more explicitly, research by EY has found

23 Sep 2020

Business | FCA proposes ‘radical’ reform to motor and home insurance

The Financial Conduct Authority (FCA) is consulting on reforms to the insurance sector, designed to enhance competition, with the proposals predicted to save motor and home insurance consumers £3.7bn over 10 years when they renew existing policies

23 Sep 2020

Image for pm six new covid restrictions next six months

Business | PM: six new Covid restrictions for the next six months

UK has reached a ‘perilous turning point’, said Prime Minister Boris Johnson, as he tightens up Covid restrictions for England for up to six months after his top scientific advisers warn urgent action was needed to combat the spike in infections

23 Sep 2020

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