Accounting and Audit

Meetings for Investors

2 May 2020 / Meetings for Investors

Online discussion with the FRC on IFRS developments on Tuesday 5th May 15:30 -17:00

The Financial Reporting Council invites UKSA and ShareSoc members to attend an online discussion on the Endorsement Board on Tuesday 5thMay 15:30 -17:00 on Microsoft Teams. The UK…

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Company News

30 Apr 2020 / Company News

Dividends Slashed, Investing for Income, NMC Health and Finablr

Many companies are announcing cancelled, reduced or postponed dividends – two of the latest were Shell (RDSB) and Sainsburys (SBRY). This will hit investors hard who rely on…

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Company News

28 Apr 2020 / Company News

Stock Market Trends, Covid-19 Treatments, Burford Results, Lookers Accounting and Medica

The stock market seems to be returning to normal with a positive trend over the last month despite the economy being in a complete shambles as a result…

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Meetings for Investors

17 Apr 2020 / Meetings for Investors

Communicating with Shareholders in Covid times

The FRC have prepared this infographic about communicating Covid-19 impacts to shareholders (click to view larger image). Online Q&A forums and live streaming of AGMs are good ideas.…

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Blog

27 Mar 2020 / Blog

FRC, FCA and PRA Joint Statement 26 March 2020

I notice the market has just dipped below 5,600 so clearly most people are not very worried by this FRC, FCA and PRA announcement. Nevertheless I would point…

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Blog

1 Mar 2020 / Blog

NMC Debacle

Trading in the shares in NMC Health (NMC) was suspended on Thursday and a formal investigation by the FCA was announced. The suspension announcement said that the company…

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Blog

19 Feb 2020 / Blog

Competition in the Audit Market

I attended a “roundtable” event at the Financial Reporting Council (FRC) on Monday. It was primarily a discussion of audit market competition and how to improve it, with…

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Blog

20 Dec 2019 / Blog

Brydon Audit Review and FRC Update

Readers probably don’t need to be reminded of the poor reputation of auditors and accountants. The announcement yesterday from Staffline Group (STAF) reiterates the point. They note the…

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Blog

12 Dec 2019 / Blog

FRC Fines Grant Thornton £650k, Ted Baker and Tullow

A ShareSoc member emailed us to give his view: This is terrible. Why wouldn’t the FRC name the partner and the company involved, especially when Grant Thornton has…

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Blog

9 Dec 2019 / Blog

M&G Property Fund Closed and M&C Saatchi Accounting Problems

The really bad news yesterday for many investors was that the £2.5 billion M&G Property Portfolio Fund had been closed to redemptions. This is of course an open-ended…

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3 Dec 2019 / Blog

Ted Baker Audit Failure, SRT Marine Big Deals

The bad news this morning for holders of retailer Ted Baker (TED) is that the company has announced an independent review of its inventory. It says it has…

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Blog

29 Nov 2019 / Blog

De La Rue, Excessive Debt, Victoria and Link’s Debt Monitor

Link Asset Services have issued a note pointing out that De La Rue (DLAR) has net debt that now exceeds its market cap. The high debt in the…

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