Financial news

• Sports Direct’s delayed accounts spell crunch time for auditors Grant Thornton

  15-07-2019 21:29 via theguardian.com
  Work by firm that audited Patisserie Valerie deemed substandard by Financial Reporting CouncilOne part of Sports Direct’s plea about the delay in publishing full-year results is credible. The firm’s auditor, Grant Thornton, is struggling to repair its reputation and probably regrets ever accepting the job of approving the sportswear retailer’s accounts. So it would be understandable if it wants to test every assumption in the 2019 numbers.Last week the second-tier auditing outf
  
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• No 10 hands Jaguar Land Rover £500m loan guarantee to develop electric cars

  15-07-2019 20:15 via theguardian.com
  Meeting of carmakers also told of plan for new houses to have EV charging pointThe government has handed Jaguar Land Rover a £500m loan guarantee to help accelerate its progress in the global electric vehicle race.Theresa May said the loan guarantee would help Britain’s biggest carmaker sell the next generation of electric cars around the world. She told a meeting of industry leaders at Downing Street on Monday that the funding pot would include £500m from UK Export Finance alo
  
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• Gavin Woodhouse can be removed as director of companies, says high court

  15-07-2019 19:29 via theguardian.com
  Thousands withdrawn from bank account not disclosed to administrators, judge hearsThe high court has ruled that Gavin Woodhouse can be removed as a director of a series of his subsidiary companies after a judge heard the embattled financier had been withdrawing tens of thousands of pounds from a bank account he had kept secret from administrators.The move follows temporary administrators taking control of five Woodhouse companies over the past two weeks, including care homes and a planned advent
  
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• Christine Lagarde will have to confront Berlin if she’s to save the euro | Yanis Varoufakis

  15-07-2019 16:40 via theguardian.com
  The incoming European Central Bank chief must call for an end to the eurozone’s suicidal fiscal rules, which have now run out of roadChristine Lagarde was a key member of the infamous troika – Greece’s official creditors – who crushed our people’s resistance to perpetual debt bondage. The other key figure alongside the International Monetary Fund’s then managing director was Mario Draghi, president of the European Central Bank, who played a central role in tha
  
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• Pets at Home buys stake in dog-walking service Tailster

  15-07-2019 14:02
  Tailster uses app to offer network of 26,000 self-employed pet carers across UKPets at Home has taken a stake in the dog-walking and pet-sitting service Tailster.com, aiming to take a slice of a market estimated to be worth £1bn.Tailster uses a network of 26,000 self-employed pet carers across the UK, which it connects with customers via an app that offers GPS tracking of dog walks, real time photos and free insurance. Continue reading...
  
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• Car insurance bills set to rise, with younger drivers faring worst

  15-07-2019 13:28
  Premiums for young people could be £50 to £75 a year more after Ministry of Justice moveCar insurance is likely to become more expensive for millions of motorists, in particular young drivers, as a result of a change in the way compensation payouts are calculated.The government has reset the personal injury discount rate, known as the Ogden rate, which is used to calculate compensation payments for people who are seriously injured in car crashes, industrial accidents or botched opera
  
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• Tax relief on work uniform - how to check if you can claim tax relief for job expenses

  15-07-2019 09:01 via feedproxy.google.com
  TAX RELIEF may be available for some employees if they are required to use their own money for things that are required for a job, and these items can only be used for work purposes.
  
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• How Universal Credit is paid: MPs urge payment waiting time to be slashed to one week

  15-07-2019 08:23 via feedproxy.google.com
  UNIVERSAL CREDIT is a payment which may be paid to a person who is on low income or out of work in order to help with their living costs. How is Universal Credit paid?
  
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• We paid our deposit but the sellers are not ready to exchange

  15-07-2019 08:00
  Should we be worried that our conveyancer has our money even though we can’t yet proceed?Q I am writing to request your advice regarding the time difference between payment of our deposit and the exchange of contracts. We paid our conveyancer our deposit of 10% of the purchase price a week ago. But at the time, they said the sellers and their conveyancers were not yet ready to exchange contracts. Should we be worried? How long does one typically wait between payment of the deposit and exch
  
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• LV= shows the perils of late renewal of your car insurance

  15-07-2019 07:59
  I was charged £544 instead of £397 as previously free features became chargeable extrasI received my latest car insurance renewal invitation from LV= in May. Just before the payment was due, I was admitted to hospital. It was a week after the renewal date that I was finally able to ring LV= to sign up for another year. But instead of the original renewal price of £397, I was quoted £544 – for a “new” policy on the same terms. I was told the price rise wa
  
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• Invasion of the electric scooter: can our cities cope?

  15-07-2019 07:00
  They’re cheaper than cabs, less effort than a bike and more convenient than buses. But as the number of e-scooter accidents rises, a backlash is growingMost of the people riding electric scooters around Copenhagen glide like swans, bodies motionless and serene with heads tilted into the sunshine.I am the ugly duckling, wobbling and jerking while I struggle to figure out exactly how this two-wheeled contraption works. Where do I put my feet? How hard do I thumb the accelerator? And how on e
  
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• Two million of UK's lowest-paid may get statutory sick pay

  15-07-2019 01:01
  Proposal is part of government plans to help those with long-term health problems get back into workTwo million low-paid workers may for the first time be entitled to statutory sick pay under proposals that the government hopes will also encourage more people with disabilities and long-term conditions back into work.About 100,000 people every year fall out of work completely after a sickness absence, according to the Department for Work and Pensions and Department of Health and Social Care, whic
  
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