Companies

Image for finance mole thumbs summer fridays

Business | Finance Mole: thumbs up for Summer Fridays

Finance Mole may be luxuriating in fancy air-conditioned office but summer working patterns are the real bonus plus, Treasury chucks out reams of draft legislation on a hot Friday afternoon, ICAEW member fights for a re-run of the Brexit referendum

3 Aug 2018

Image for bank england raises interest rate 075

Business | Bank of England raises interest rate to 0.75%

The Bank of England has raised UK interest rates by 0.25 percentage points to 0.75%, marking the first return to nearly pre-crash levels, with March 2009 the last time rates were at this level

2 Aug 2018

Image for rbs avoids fca action despite damning sme lending report

Business | RBS avoids FCA action despite damning SME lending report

The Financial Conduct Authority is to take no action against the Royal Bank of Scotland over its ‘inappropriate treatment’ of its SME customers between 2008 and 2013

2 Aug 2018

Business | UK manufacturing falters over interest rate rise fears

The UK manufacturing sector has had its weakest month in more than year, according to the latest IHS Markit/CIPS report, following concerns about an imminent interest rate rise

2 Aug 2018

Accountancy Firms

Image for former tesco fd will not face fraud trial

Business | Former Tesco FD will not face fraud trial

Carl Rogberg, former finance director at Tesco, will no longer face trial alongside two of his former colleagues in September, the Serious Fraud Office (SFO) has confirmed

1 Aug 2018

Called to Account

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Business | Development updates: August 2018

In the latest career development updates, Smith & Williamson reports 9% fee hike, Cogital snaps up £54m Wilkins Kennedy, defined benefit pension rules out for consultation

1 Aug 2018

Business | Top 25 survey 2018: increased disclosure improves share of women partner numbers

More global accountancy networks are reporting gender diversity numbers with 14 (56%) out of the 25 firms in this year's survey voluntarily providing a gender breakdown of their partner numbers as the number of female partners reaches an all-time high, reports Amy Austin

1 Aug 2018

Image for bt reveals ps500m pension deficit error

Business | BT reveals £500m pension deficit error

Telecoms giant BT has disclosed a £500m pension deficit, blaming ‘human error’ in calculations made by its independent actuary, in the latest quarterly earnings report, reports James Bunney

31 Jul 2018

Business | Rate rise could leave BoE with insolvency spike

A leading accountant has issued a stark warning that an interest rate rise will leave the Bank of England ‘with blood on its hands’ as more people struggle to cope with financial difficulties

30 Jul 2018

Restructuring & Insolvency

Accountancy Firms

Image for fca consult tighter rules crowd funded loans

Finance | FCA to consult on tighter rules for crowd-funded loans

Regulators are launching a consultation into rules for loan-based crowdfunding platforms amid concerns that some business models are too complex and do not offer adequate protection for lenders

30 Jul 2018

Business | Economic trends: Brexit jitters could change political status quo

Martin Beck, senior economist at Oxford Economics, considers the economic impact of a potential change of government, even under the scenario of a Labour-led coalition

30 Jul 2018

Business | Call for faster adoption of AI in finance

Research from Reed Accountancy & Finance shows just 4% of finance professionals are implementing AI systems

27 Jul 2018

Accountancy Firms

Image for scottish insolvency rates rise

Business | Scottish insolvency rates on the rise

Total personal insolvencies in Scotland rose by 11.8% in the first quarter of this year, according to the latest statistics from Accountant in Bankruptcy (AiB).

27 Jul 2018

Restructuring & Insolvency

Image for womens finance careers face seven year handicap

Business | Women’s finance careers face seven-year handicap

According to research from ACCA, women in finance and accounting take on average seven more years than their male counterparts to reach executive level

27 Jul 2018

Business | The purpose of non-disclosure agreements - part 2

Beth Hale and Nick Hawkins of CM Murray LLP urge accountancy firms, partners and employees to get up to speed on non-disclosure agreements (NDA), following the publication of a warning notice and ongoing inquiries on the use of the legal agreement

27 Jul 2018