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Patisserie Valerie auditor fined £2.3m after missing ‘red flags’ ahead of collapse
Accountancy firm Grant Thornton has been fined £2.34m after an investigation found “serious lack of competence” in its audits of cake chain Patisserie Valerie.The audits carried out in 2015, 2016, and 2017 gave the company a clean bill of health – before it disclosed potential fraud in 2018 and subsequently collapsed, resulting in the loss …
Business
Business Live
Driver shortages contribute to collapse of £167m food distribution business – putting 400-plus jobs at risk
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Business
Sky News
Brexit ‘obviously a contributory factor’ to shortage of HGV drivers – shadow chancellor
Brexit is “obviously a contributory factor” to the shortage of HGV drivers that is having a knock-on effect across the economy, the shadow chancellor has told Sky News.Speaking to Kay Burley from the Labour Party conference in Brighton, Rachel Reeves said: “To deny that I think flies in the face of reality. Fuel supply crisis: …
Business
Sky News
Aldi to create 2,000 jobs next year in £1.3bn investment plan
Aldi has revealed plans to create 2,000 jobs next year as it reported a dip in annual profits partly blamed on the pandemic.The German-owned discount supermarket said it was investing £1.3bn over the next two years, adding 100 new stores and a logistics centre in Leicestershire, as it aims to ramp up further its share …
Business
Sky News
‘No plans to bring in army to do driving’ as minister urges people to stop ‘panic buying’
There are no plans to bring in the army to drive lorries to deliver fuel to petrol stations, a government minister has said, as some brands report as many as 90% of their sites running dry.The comments by environment secretary George Eustice came amid newspaper reports that the government was considering using the army to …
Business
Sky News
PrimaryBid enlists City heavyweight Brydon as new chairman
A British technology company which enabled ordinary investors to access a deluge of corporate cash calls during the COVID-19 crisis will this week name one of the City’s biggest heavyweights as its first chairman.Sky News has learnt that PrimaryBid has recruited Sir Donald Brydon to fill the role, in what will be regarded as a …
Business
Business Live
Honour for the late John Hays at North East Entrepreneurial Awards
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Business
Sky News
Grant Shapps blames haulage group for creating ‘manufactured situation’ as pump chaos continues
The transport secretary has said there would be no fuel queues if motorists filled up as normal as he accused a haulage group of triggering the “manufactured situation”.Speaking to Sky News’ Trevor Phillips on Sunday programme, Grant Shapps insisted there was “plenty of fuel” and urged the public to be “sensible” as some retailers were …
Business
Business Live
Co-op Live: Boss of £350m arena build opens up on Covid and Brexit battles as project prepares for critical phase
The man in charge of building the new £350m Co-op Live arena in the shadow of Manchester City’s Etihad stadium has opened up for the first time about how “critical” it was for his firm to win the project, the impact Covid and Brexit has had – as well as the importance of attracting more …
Business
Business Weekly
International Trade: Rules of origin
Leaving the EU is unquestionably changing the way that the UK trades with countries in the zone. Needless to mention, the EU is a very important market for the UK and in the past has allowed businesses from here to grow and expand with relative ease, writes Laura Gray, Associate, Birketts LLP.  By way of …
Business
Business Weekly
All change for public contracts
Making up a third of all public spending in the UK – more than £290 billion every year – public sector procurement of works, services and supplies is facing change, writes Colin Jones, HCR Hewitsons.  Major legislative reforms are proposed to manage public procurement by central and local government and other bodies which use public …
Business
Business Live
How BBC deal could be ‘monumental’ for North East creative industries
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