Boohoo shares (LON: BOO) fell after the group released a statement revealing that PricewaterhouseCoopers (PwC) had stepped down. Shares at the retailer are down over 13% as the group said it was on the search for a new auditor. Boohoo said in a statement that it “would like to place on record that PwC is […]

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With lockdown slowly but surely coming to an end, and the UK government’s furlough scheme set to wrap up in October, the vast majority of employees across the country now face the awkward reality of going back to work in the post-pandemic world. But after months of disruption, returning to normality is not going to […]

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The UK’s “Big Four” largest consultancy firms (KPMG, PwC, Deloitte and EY) have been told by industry regulators, the Financial Reporting Council (FRC), that they must submit plans to ring-fence their audit and consultancy units by this October in a historic shake-up of the sector. A precarious market Following the high-profile collapse of companies such […]

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IT service management company Redcentric PLC (LON: RDN) have announced a consecutive and deeper annual loss on-year. The Company attributed the loss to a decline in sales, the result of which was a 6.7% fall in revenue, to £93.3 million. In turn, pre-tax losses came to £1.4 million for the full-year through March, widening from […]

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PricewaterhouseCoopers (NYSEARCA:PWC) have released their latest projected GDP rankings for 2019, with these latest rankings dropping the UK from fifth to seventh place. This follows the announcement that the World Bank dropped the UK to ninth in their business rankings, with most bearish outlooks being attributed – unsurprisingly – to Brexit uncertainty. While currency concerns […]

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In what seems like an eclectic nightmare, Patisserie Holdings Plc (LON:CAKE) face yet another complication in their saga of mismanagement and alleged fraud. The Financial Reporting Council (FRC) have announced they will be examining Patisserie audits carried out by Grant Thornton between 2015 and 2017. This news comes shortly after Patisserie Valerie called an emergency […]

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