Companies

Image for sfo opens bribery investigation british american tobacco

Business | SFO opens bribery investigation into British American Tobacco

UK tobacco company British American Tobacco (BAT) is under formal investigation by the Serious Fraud Office (SFO) over allegations it paid bribes in East Africa

1 Aug 2017

Business | Treasury seeks to promote ‘patient’ finance for start-ups

The Treasury is planning to establish a national investment fund to help cutting-edge British start-ups, which it says receive less funding than their US counterparts, and is consulting on the options for increasing the availability of patient finance

1 Aug 2017

Image for treasury committee look brexit impact financial services

Business | Treasury Committee to look at Brexit impact on financial services

Nicky Morgan, newly installed head of the Treasury Committee, has asked the Prudential Regulation Authority (PRA) for details of how the financial services sector is preparing for the possibility of a ‘hard’ Brexit where no trading agreement is reached in advance of the UK’s departure from the EU

1 Aug 2017

Image for development updates august 2017

Business | Development updates: August 2017

In the latest career development updates, defining working time post-Tyco case, auto enrolment pensions, Jane Ellison returns to Treasury, HMRC moves staff into Croydon regional hub, Nicky Morgan chairs Treasury Committee

1 Aug 2017

Image for top 25 survey 2017 lack promotion women global accounting networks

Business | Top 25 survey 2017: lack of promotion for women at global accounting networks

Global accountancy networks are still struggling to disclose female partner numbers, with gender diversity growth across the networks stalling as women partner numbers fall by 10% compared to the previous year, reports Rachel Willcox

1 Aug 2017

Leadership & Management

Image for chancellor backtracks post brexit corporation tax cut

Tax | Chancellor backtracks on post-Brexit corporation tax cut

Chancellor Philip Hammond has denied having plans to cut corporation tax and minimise regulations post-Brexit in a bid to make the UK a more attractive destination for businesses

31 Jul 2017

Business | Three-year hike in business experiencing financial distress

The level of financial distress amongst UK companies has increased 25% in the second quarter of the year compared with the same period the previous year, the largest annual rise since 2014, according to figures from Begbies Traynor

31 Jul 2017

Image for fca push improved bank account service levels

Business | FCA push for improved bank account service levels

The Financial Conduct Authority (FCA) is consulting on proposals to make it easier for customers to make effective comparisons of the service levels available for personal current accounts and business current accounts, by requiring publication of key metrics

28 Jul 2017

Image for bt pays ps225m bill over italian accounting errors

Finance | BT pays £225m bill over Italian accounting errors

The accounting scandal at its Italian subsidiary has forced BT to pay £225m in settlement of warranty claims with Deutsche Telekom and Orange under the terms of its EE acquisition agreement, the telecoms giant has revealed

28 Jul 2017

Business | Quantuma draws up recovery deal for digital print specialist

Andrew Watling and Carl Jackson, partners at corporate restructuring, insolvency and business advisory firm Quantuma, have been appointed as joint administrators to digital print specialist NXP Europe Ltd and have found a buyer for the company within 24 hours, saving all 30 jobs

28 Jul 2017

Restructuring & Insolvency

Image for deloitte gender pay gap figures show bonus disparity

Business | Deloitte gender pay gap figures show bonus disparity

Deloitte is the second of the Big Four to publish its gender pay gap data under new regulations introduced this year, with the results showing a sharp difference in male and female bonus rates

28 Jul 2017

Leadership & Management

Image for gillon how artificial intelligence will change accounting profession

| Gillon: how artificial intelligence will change the accounting profession

Machines do not suffer from human failings and can perform many commodotised and repetitive jobs, so accountants need to start getting to grips with how artificial intelligence (AI) will change their jobs and improve their productivity, says ICAEW IT technical manager Kirstin Gillon

28 Jul 2017

Business | Surge in employment tribunal claims expected

Employment law specialist, Peninsula, has warned that there is likely to be a surge in employment cases following a ruling by the Supreme Court which abolished employment tribunal fees, which can cost individuals up to £1,200

28 Jul 2017

Law & Guidance

Image for no change pre emption thresholds prospectus regulation

Business | No change to pre-emption thresholds for Prospectus Regulation

The FRC has confirmed that the Investment Association and the Pensions and Lifetime Savings Association will keep the current limit of 10% in the Statement of Principles after the revised Prospectus Regulation (Regulation (EU) 2017/1129) entered force on 20 July, with effect from 21 July 2019

27 Jul 2017