Accountancy and business advisory firm BDO has announced two new partner appointments in its UK wing. Emma Hosking-Williams and Stuart Macdougall bring a combined 36 years of knowhow to the firm Anna Draper, head of people, culture and purpose at BDO, commented, “These appointments are a key part of our ongoing investment in our diverse service...
Category: Bussiness
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We’re thrilled to receive a Best of British Business Award | Pod Point
Pod Point has been recognised with the prestigious award for our ongoing commitment to innovation and excellence in the EV charging industry. Electric cars have evolved in leaps and bounds since the early days of their development. From the humble Nissan LEAF, arguably the first mass-market electric car, to the present day, drivers now have...
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British government demands Chinese-owned company appoint a security chief with UK clearances
The British government is demanding that a Chinese company hire a chief security officer with U.K. Security Vetting (UKSV) clearance in order to be allowed to acquire a British business that sells scientific instruments. The instruction was made under the country’s National Security and Investment Act, which allows the government to “scrutinise and intervene in...
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Evelyn Partners sells accounting arm to investor Apax for £700 million
Evelyn Partners Group has agreed to sell its accounting business to funds advised by Apax Partners. While the transaction is subject to regulatory approval, on clearing in the first quarter of 2025, it will create a new audit firm of more than 1,600 staff. Paul Geddes, CEO of Evelyn Partners, commented, “The exciting transaction we...
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Amazon workers in more than 20 countries set to protest during Black Friday and Cyber Monday, organizers say
Amazon workers in more than 20 countries, including the United States and the United Kingdom, plan to hold protests or go on strike between Black Friday and Cyber Monday, two of the marquee shopping promotions of the year, according to organizers. The planned “Make Amazon Pay” demonstrations are intended to “hold Amazon accountable for labor...
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Invest in Women Taskforce secures over £250m to boost UK female entrepreneurship
The Invest in Women Taskforce has achieved a significant milestone by securing over £250 million in funding aimed at supporting female entrepreneurs across the United Kingdom. This historic investment is backed by major financial institutions and organisations, including Barclays, M&G, the British Business Bank, Morgan Stanley, Visa Foundation, BGF, and Aviva. The funds are set...
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Grant Thornton joins forces with private equity firm Cinven
Grant Thornton has secured a major new funding deal with Cinven. The private equity investment follows a similar move by the professional services network’s US member earlier in 2024. Malcolm Gomersall, CEO of Grant Thornton UK, said, “This investment in our business is a testament to the hard work of everyone at Grant Thornton UK...
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Rachel Reeves says there will be no more tax increases on UK business
Chancellor Rachel Reeves told sceptical corporate leaders on Monday there would be no more tax rises on British businesses, as she insisted there was no alternative to the £40bn increase in taxes in last month’s Budget. She said at the CBI annual conference she had no regrets about her fiscal decisions, even as some executives...
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McVitie’s parent firm warns UK investment case ‘harder to understand’
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Von Mesterhazy named as new MD for Allianz UK Specialty business – Reinsurance News
Allianz UK has announced the appointment of Isabella Von Mesterhazy as Managing Director for its Specialty business, effective 1 December 2024, subject to regulatory approval. Von Mesterhazy will be taking over the role from Kieran O’Keeffe, incumbent MD for Specialty, who will be retiring at the end of the year. In her new role, Von...
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Capco partners with Natwest for connectivity changes
Professional services firm Capco has announced a new partnership with NatWest. Advisors from the company will now help the bank to facilitate customer, operational and infrastructure opportunities, as the financial industry moves to adopt a raft of new regulatory standards. Richard Lewis, head of client service excellence at Capco, said, “We are delighted to bring...
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Software company providing services to US and UK grocery stores says it was hit by ransomware attack | CNN Business
CNN — A major software supply-chain company, which counts US and UK grocery stores and Fortune 500 firms as clients, said it was hit by a ransomware attack this weekend. The hackers hit Blue Yonder — an Arizona-based software firm acquired by Panasonic in 2021 — affecting a private cloud computing service the company provides...