The Financial Reporting Council fined EY £1.2 million ($1.6 million) and the firm's audit engagement partner Julie Carlyle £49,000 Tuesday for rule breaches in the audit of online furniture retailer Made.com's 2021 accounts.
The Financial Reporting Council fined EY £1.2 million ($1.6 million) and the firm's audit engagement partner Julie Carlyle £49,000 Tuesday for rule breaches in the audit of online furniture retailer Made.com's 2021 accounts.
A consortium of the largest U.K. pension providers is working to establish a £1 billion ($1.3 billion) fund to invest in British startup businesses, the government has said.
U.K. Prime Minister Andy Burnham should back higher taxes on banks following Barclays Group's financial results, a group of trade unions urged Tuesday.
A Moldovan entrepreneur facing extradition from the U.K. for allegedly masterminding a $22 billion money laundering operation told a London court on Tuesday that the charges are politically motivated, claiming that the country's president sees "a threat in my face."
The U.K.'s pensions watchdog said Tuesday that it has secured a settlement to protect members of a retirement plan after taking action against a construction company and a connected business it accused of avoiding £251,600 ($334,000) of debt.
A Bridgepoint employee group has sold approximately 2% of the investment company's shares for around £62.4 million ($83 million) in a secondary share sale, broker BNP Paribas said Tuesday.
