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 government's foreign bribery case accusing a former Goldman Sachs banker of paying off Ghanaian officials to secure a lucrative energy deal is a lot like Milli Vanilli, his lawyer told a New York jury Tuesday, arguing that much like lipsynced songs of the fake late-1980s-era pop duo, prosecutors' version of events is not what it appears to be.
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.
