The U.K.'s accounting watchdog opened a probe into PricewaterhouseCoopers on Tuesday over its audit of WH Smith, amid growing pressure on the travel retailer for overstating its profits.
The U.K.'s accounting watchdog opened a probe into PricewaterhouseCoopers on Tuesday over its audit of WH Smith, amid growing pressure on the travel retailer for overstating its profits.
A lower tribunal made errors and must reconsider its ruling against Barclays Bank and in favor of Britain's tax authority regarding an £800 million ($1.1 billion) corporate tax deduction dating back to a deal during the 2008 financial crisis, a London tribunal found.
A property developer fought on Tuesday to revive his case that an English council unlawfully subsidized a rival by approving £140 million ($187.6 million) in loans for the construction of two tower blocks without doing due diligence.
An investment firm accused a property management company of "presiding over" the "rapid deterioration" of 100 London properties, which were sold for £23.6 million ($31.6 million) less than they were worth, in the first day of a High Court trial Tuesday.
The government floated new plans on Tuesday to block workers from transferring long-term savings to bogus pension plans, in a new bid to crack down on retirement scams.
Britain's retirement savings watchdog must turn the vision set out in its refreshed corporate strategy for the next five years into "measurable expectations" for the pensions sector, a think tank has said.
Policymakers should allow British savers under 40 to draw down a year's worth of their state pension now in exchange for postponing the point at which they start receiving state retirement benefits, a think tank said Tuesday.
Independent proxy adviser Glass Lewis has recommended that Nanoco Group PLC's shareholders vote in favor of a resolution for the firm to remove its shares from the London Stock Exchange, the nanotech company said on Tuesday.
Data analytics provider SilverBullet said Tuesday that it is seeking shareholder approval to leave London's junior Alternative Investment Market, citing the "considerable" costs and regulatory burden of maintaining its listing.
The Bank of England’s recent decision to relax parts of its proposed framework for sterling-backed stablecoins balances innovation with financial stability, and will help the U.K. remain competitive with crypto markets across the globe, says Thomas Cattee at Gherson.
