Bhs

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The country’s competition watchdog has said the audit practices of the Big Four must have their own management

Britain’s “Big Four” accounting firms must ringfence auditing from their consultancy work, the country’s competition watchdog said on Thursday in a r(...)

European Union and British reforms introduced in the past two years to increase audit market competition ended up with companies switching between the Big Four rather than hiring smaller rivals. Photograph: iStock

Britain needs a new watchdog to shake up the country’s “Big Four” accounting firms and reduce their dominance of the market for auditing companies’ bo(...)

“Our aim is to keep at least 80 per cent of the stores open,” Liam Rowley, Sports Direct’s head of strategic investments, told Bloomberg in an interview.

Sports Direct International Plc says it will continue to operate most of House of Fraser’s 59 department stores in the UK and Ireland after acquiring (...)

The FRC code seeks to make company boards more diverse. Photograph: iStock

Companies in Britain must strive to rein in excessive executive pay and make boards more diverse under a new “short and sharper” corporate code, publi(...)

PwC said it was “sorry” that its audit work on BHS fell below the expected professional standards. Photograph: Getty

The UK’s accounting regulator has censured PricewaterhouseCoopers (PwC) and fined it £6.5 million (€7.4 million) over the group’s audit of UK retailer(...)

Carillion has said it must raise £125 million from disposals over the next 12 months.

UK contractor Carillion is in talks with a host of Middle Eastern construction companies to sell a chunk of its overseas business as it embarks on a r(...)

Baroness Karren Brady, the football executive who once said that “balls of steel” were the foundation of her success, is to take over as chairman of Sir Philip Green’s Arcadia Group retail empire

Karren Brady, a judge on The Apprentice TV show and chief executive of West Ham United soccer club, has been appointed by Philip Green to chair his T(...)

Philip Green’s Taveta Investments, the holding company of Arcadia, has recorded a 16.5 per cent drop in profits. Photograph: John Stillwell/PA Wire

Philip Green’s Arcadia Group is starting to look a lot like BHS. The department store chain went into administration in April 2016, a year after Mr G(...)

Sir Philip Green told British MPs in June he would resolve the BHS pensions issue.

British MPs have backed stripping billionaire Philip Green of his knighthood over the collapse of BHS department store, in a symbolic move that will r(...)

The Wood Green branch of department store chain BHS, after its final closure, in London. Photograph: Peter Nicholls/Reuters

Once a staple of the British high street, BHS closed its doors for good yesterday, ending 88 years of British retail history. The last bargain hunt(...)

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