Business

Insight / Dains expands with Birmingham acquisition

Independent Midlands firm Dains Accountants has acquired an accountancy practice in Birmingham in a move designed to strengthen its offer for business owners in the region

Insight / Brexit pushes builders to the wall

The number of housebuilders going bust has reached a record high due to Brexit pressures and the fall in the pound

Insight / Late payment delays double in a year

UK businesses are waiting longer to get paid in 2019, with late payments doubling from 12 days in 2018 to 23 days currently, according to research from MarketFinance

Insight / Ericsson pays $1bn over US corruption charges

Swedish telecoms giant Ericsson is to pay more than $1bn (£760m) to settle bribery charges brought by the Securities and Exchange Commission (SEC) and the US Department of Justice (DOJ), and is required to appoint an independent compliance monitor

Insight / Clintons cards saved in pre-pack deal

Clintons, the greeting cards retailer, has been sold out of administration in a pre-pack deal to original owner Esquire Retail, safeguarding 2,500 jobs 

Insight / BEIS guidance on the impact of Brexit on company law

If and when the UK leaves the EU, there will be a number of significant changes to accounting rules and company law. Sophie Brookes, partner at Gateley plc, examines the latest BEIS guidance for accountants

Insight / Grant Thornton wealth advisory business sold to 1825

Standard Life Aberdeen’s advice firm, known as 1825, has completed its acquisition of Grant Thornton's £1.7bn wealth advisory business, which was first announced in July

Insight / EY snaps up SAP consulting business

Big Four firm EY has expanded its consulting arm with the acquisition for an undisclosed sum of AgilityWorks, a technology consultancy business with offices in the UK, Portugal and India 

Accounting / Wanted: audit & accounting technical writers at Croner-i

Croner-i has an exciting opportunity for two audit & accounting technical writers to join a lively team based in our Blackfriars London office

Insight / Institutional investors criticise UK’s biggest companies over workers’ pay

Some of the UK’s largest companies, including Royal Mail, JD Sports and Hargreaves Lansdown, have been told to improve workers’ pay rates in a letter signed by 21 asset managers, pension funds, stewardship service providers, and charitable investors

Insight / Alstom UK subsidiary fined £16m over corruption charges

Alstom Network UK Ltd is to pay a total of £16.4m over corruption charges relating to a contract to supply trams in Tunisia, comprising £15m in fines and £1.4m in costs, following an investigation by the Serious Fraud Office (SFO)

Insight / Late payments costing UK SMEs £23.4bn

UK small to medium sized enterprises (SMEs) have seen debt due to late payments almost double in the past year

Accounting / Businesses lose £682m through fraud

Businesses are being urged to do more to protect themselves from fraud, after Action Fraud figures show reported losses reached £682m last year

Insight / FTSE 100 CFOs dominated by men as gender diversity stalls

The majority of CFOs in the FTSE 100 are men, with only 14 of the top finance jobs held by women 

Audit / PwC fails to ward off multimillion negligence claim

PwC has failed in a High Court bid to ward off a pending multimillion euro negligence claim against the Big Four firm
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