Deloitte has been called in as administrators to Go Outdoors, and has sold the high street camping clothing and supplies company in a £56.5m pre-pack deal to owners JD Sports Fashion

As the Covid-19 crisis forces more businesses to raise funds and take on more debt, MHA MacIntyre Hudson’s Chris Denning analyses the possible tax pitfalls of corporate refinancing

Prime Minister Boris Johnson has announced significant relaxations to the rules on social distancing, designed to make it possible for businesses in sectors including hospitality to reopen, as part of what he called ‘the next steps to rebuilding the economy’ as the threat of coronavirus recedes

Beleaguered German payments fintech Wirecard has been forced to admit that €1.9bn (£1.7bn) of funds which auditors EY reported as ‘missing’ may never have existed, while its former CEO has been arrested on possible fraud charges

From the Big Four to sole practitioners, there will be winners and losers. Carbon Accountancy’s John Leyden sets out the future challenges, from paying staff and partners to changing business models and keeping clients

The government is to pass legislation offering new protections for UK businesses critical to combating coronavirus and future public health emergencies, which will prevent hostile takeovers

The Treasury has announced Nikhil Rathi, previously head of the London Stock Exchange, is to be the new chief executive of the Financial Conduct Authority (FCA)

UK businesses converted just 2.6% of the value of their sales into free cashflow on average last year, this figure has stayed low after falling from an average of 3.3% just four years ago, prior to the EU referendum, shows study by BDO

The UK has maintained its 20-year record as Europe’s most attractive location for international investment into financial services, attracting double the number of projects compared to its closest competitor, Germany, according to research by EY

The public are using lockdown to take decisive action against tax avoidance practices, as a record number would rather shop with (79%) or work for (82%) a business that can prove it’s paying its fair share of tax

The UK’s public sector debt has exceeded gross domestic product (GDP) for the first time since March 1963, according to the latest data from the Office for National Statistics (ONS), which assesses the impact of the government’s coronavirus support package

Andrew Tyrie, chairman of the Competition and Markets Authority (CMA), is to step down from the role in September, indicating some frustration with its limitations and the pace of reform