Search Results for: BHS
BHS owner arrested
November 14th, 2016
Dominic Chappell, the businessman Sir Philip Green sold BHS to for £1, has been arrested for unpaid taxes. It has been reported that HMRC officers arrested Mr Chappell at his home in Dorset over the weekend. His personal company, ...
FRC is to investigate PwC over its auditing of BHS
August 1st, 2016
The Financial Reporting Council (FRC) is to investigate PwC over its auditing of BHS for the 2014 financial year, following on from criticism of the firm’s actions in signing the retailer’s accounts off as a ‘going concern’ from the ...
Partners from global audit firms will face grillig over role in BHS collapse
May 19th, 2016
Partners from Deloitte, PwC, KPMG and Grant Thornton will face a grilling from MPs next week over their lucrative advisory roles in distressed high street retailer BHS, following its plunge into administration which threatens up to 11,000 jobs. The ...
PwC fined £10m over audit failures
June 14th, 2018
The Financial Reporting Council (FRC), the UK’s accounting industry regulator, has issued an announcement to inform that has sanctioned PriceWaterhouseCoopers (PwC) and audit partner Steve Denison. In accordance the announcement, the Financial Reporting Council has sanctioned PriceWaterhouseCoopers (PwC) and ...
Beware of companies offering investments without the required authorisations
May 2nd, 2018
The supervisory authorities of the United Kingdom (Financial Conduct Authority – FCA), Italy (Consob), Luxembourg (Commission de Surveillance du Secteur Financier – CSSF), Switzerland (Swiss Financial Market Supervisory Authority – FINMA), Hong Kong (Securities and Futures Commission – SFC) ...
KPMG is facing a battle to remain as auditor to the Bank of England
November 6th, 2017
KPMG is facing a battle to remain as auditor to the Bank of England as rivals plot to end its decade-long tenure in the prestigious role. Sky News has learnt that officials from Britain’s central bank contacted other accountancy ...
Another British high street retailer has gone into administration
April 26th, 2016
Austin Reed, the high street clothing retailer, has gone into administration, according to reports from Sky News. The company — which holds two warrants to provide clothing to the Royal Family, and used to outfit Winston Churchill — filed a ...
FTSE 100 in the red as mining shares slump
April 25th, 2016
U.K. shares swung lower Monday, with mining shares struggling at the start of the new trading week. The FTSE 100 UKX, -0.66% fell 0.8% to 6,258.28. All sectors declined, led by the basic materials and oil groups. The blue-chips index on Friday dropped ...
China’s Consumption Transition
March 20th, 2015
A standard pattern of long-term economic development is that a country goes through a period of higher savings and investment, along with correspondingly lower consumption levels. After the growth spurt, consumption levels rise again. For illustration, here’s a figure ...
