Thursday, June 21, 2018

Google buys £414m stake in JD.com

China’s largest retailer JD.com has launched a $550 million (£414 million) partnership with Google.

Cash payments overtaken by card for the first time ever

Card payments have become the most popular form of payment for the first time ever, as cash payments continue to decline.
Sir Philip Green

Sir Philip Green ignites legal battle over BHS’s discredited audit

Sir Phillip Green has launched a legal challenge to the Financial Reporting Council’s (FRC) investigation into the PwC’s audit.
bank branches

Bank branches departing high streets at “alarming rate”

Banks are closing down their high street branches at an "alarming rate" of almost 60 per month, according to Which?

Steinhoff shareholders sue Deloitte for “serious” failures

Steinhoff’s shareholders have sued its auditor Deloitte for damages for giving carrying out an unqualified audit.

May retail sales smash all expectations

Retail sales shot up in May, smashing expectations thanks to continued warm weather and the royal wedding.
Dominic Chappell PwC BHS

Dominic Chappell mulls legal action over PwC’s discredited BHS audit

Dominic Chappell is considering legal action over PwC's discredited audit of BHS after the firm was handed a record £10m fine.

Inflation remains flat in May despite huge rises in fuel costs

The Consumer Price Index measure of inflation remained flat in May at 2.4 per cent, coming below analysts’ forecasts.
business rates appeals

133,000 business rates appeals from 2010 yet to resolved

More than 133,000 companies are still waiting for an appeal over their business rates valuation from 2010 to be resolved.
PwC BHS

PwC fined £10m over handling of BHS audit

PwC has been slapped with a £10 million fine from the FRC over its handling of the audit of collapsed retailer BHS.

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