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Finance | Culture, financial controls and risk management in a Brexit world

Organisational culture has consistently been the business topic of recent months. Its influence on risk, and its relevance for regulators and investors, is becoming increasingly tangible. Malcolm Finn, financial controller at Costa Coffee and Mike Cowan, head of finance 4.0 at EY consider the significance of culture in the context of the organisation's finance function, and how culture is key to overall risk management

Business | 12-sided £1 coin becomes legal tender

A new 12-sided £1 coin becomes legal tender from Tuesday 28 March with the first redesign for more than 30 years, in a bid to tackle the rise of counterfeits, and will replace existing round pound coins over a six month transition period

Finance | SFO fines Tesco £129m over accounting misstatement probe

Tesco is to pay £129m under the terms of a deferred prosecution agreement (DPA) to be formally confirmed next month, to settle a probe by the Serious Fraud Office (SFO) into accounting practices at the retailer which resulted in a £263m black hole in its half year interim results in 2014. The supermarket giant will also pay out £85m to affected shareholders via a scheme which will be set up and run by KPMG, reports Pat Sweet
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