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Regulator praised Carillion for ‘good practice’

Carillion was singled out for praise by Britain’s chief accounting regulator only months before it began to implode, reports The Times. It was described as an example of “good practice” and lauded for providing “insight into factors relevant to the setting of the dividend”, by the Financial Reporting Council in December 2016. This week, MPs said Carillion was “aggressive” and “intended to deceive”.

Government cuts betting machine stakes to £2

Ministers plan to reduce the maximum stake on fixed-odds betting terminals to £2. Presently, people can bet up to £100 every 20 seconds on electronic casino games such as roulette. Bookmakers warn the move could lead to thousands of outlets closing. But anti-gambling campaigners, who have described the games as the “crack cocaine” of the betting world, have welcomed news of a reduced limit.

What does Trump’s annual disclosure report tell us?

Donald Trump’s annual financial disclosure report shows the US president made millions in 2017 income from rents, licences, book and television royalties, company shares, hotel management fees and golf courses. His new Washington hotel reaped revenue of $40.4m in 2017, its first full year in operation. Once an enthusiastic holder of shares, he has dumped most in favour of investments mutual funds and indexes

Mothercare will reappoint departed chief

Mothercare will reappoint Mark Newton-Jones, the chief executive who left last month after poor Christmas trading and a profits warning. The beleaguered retailer has confirmed it is closing 50 stores as part of a major rescue plan, leaving it with 78 stores by 2020. It has also agreed a rent cut with landlords for 21 …read more

Source:: The Week – All news


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Thursday 17 May 2018

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