Greg Palfrey and Steve Adshead of Smith & Williamson have been appointed joint administrators of Now Motor Retailing, a car dealership in southern England, which has recently run into financial difficulties

There are further signs of turmoil on the high street with reports that administrators from Duff & Phelps have been called in by Calvetron, the owner of Jacques Vert and a number of other well-known fashion brands, putting some 1,000 jobs at risk

Nearly 43,000 retailers ended the first quarter of 2018 in a state of ‘significant’ financial distress, up 21% on the same period last year, as high profile administrations, unseasonably poor weather, declining footfall and weak consumer spending all took their toll on the sector, according to analysis by Begbies Traynor

Amendments to the Sanctions and Anti-Money Laundering Bill mean a broader beneficial ownership register is back on the agenda as the government attempts to extend its powers to the likes of Cayman Islands and BVI. Although Crown Dependencies are beyond scope, Geoff Cook, CEO of Jersey Finance says governments need to take a global approach rather than unilateral action against select international finance centres

Crowe Clark Whitehill has been appointed as administrators to Cambridge Analytica, the company which has become mired in controversy over claims it used the personal data of millions of Facebook users to sway the outcome of the US 2016 presidential election and the UK Brexit referendum and which has now ceased all operations, citing adverse media coverage

ProShare, the association representing employee share plan practitioners and promoting employee share ownership, has joined up with ICSA: the Governance Institute, dropping its affiliation with the London Institute of Banking and Finance

The sale of a majority stake in House of Fraser to Hong Kong based C.banner International Holdings Limited, which already owns toy store Hamleys, will see the restructure of the upmarket department store chain and the closure of a number of high street stores

US tech giant Apple has taken advantage of President Trump’s tax reforms by onshoring profits and increased dividend payments by 16% in its latest quarterly figures ending 31 March

The Pensions Research Accountants Group (PRAG) has published guidance to assist trustees and auditors in developing a practical and proportionate response to dealing with the issues of going concern when auditing pension scheme financial statements

A regional bus operator which was the first company to be prosecuted by the Pensions Regulator (TPR) for failing to comply with the law on workplace pensions has had its transport licence cut from 40 to 31 vehicles indefinitely as a result

Sophie Brookes, partner at Gateley plc, examines the changes in the money laundering regulations and how they affect the accounting profession from the extension of the definition of politically exposed persons (PEPs) to the domestic arena to the requirements for much more extensive risk reporting and appointment of a designated money laundering compliance principal (MLCP) at every firm

Japan-based multinational Panasonic is to pay more than $143m (£103m) to the Securities and Exchange Commission (SEC) to resolve bribery charges under the Foreign Corrupt Practices Act (FCPA) and accounting fraud violations involving its global avionics business