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Sky News
KPMG warns British corporate giants of big hike in audit fees
The big four audit firm KPMG warned some of Britain’s biggest companies that they faced substantial increases in their audit fees just weeks before giving thousands of staff substantial pay rises.Sky News has learnt that KPMG has notified listed audit clients that the cost of scrutinising their accounts would rise by up to 20% next …
Business
Evening Standard
Crossrail will be ‘gamechanger’, says boss of office landlord GPE
Crossrail will be a “game changer” for London businesses, according to the boss of one of the largest office landlords and developers in the capital.Toby Courtauld, chief executive of GPE, formerly known as Great Portland Estates, said the new Elizabeth Line would provide a big boost to companies like his.“Crossrail is going to be a …
Business
Business Live
Northumberland’s Inspired HR to reach out overseas after five-figure investment
A Northumberland HR consultancy is looking to grow at home and abroad on the back of a five-figure investment. Inspired HR offers the full range of outsourced human resources services, and also provides legal, recruitment and employee wellbeing services. Having grown organically over the last five years, the Blyth-based business is now aiming to accelerate …
Business
Business Live
Royal Hotel sold after owner sought offers of more than £1.5m
A 36-bedroom hotel, bar and function venue in Crewe has been sold off a guide asking price of offers in excess of £1.5m. The Royal Hotel in Nantwich Road occupies a three-storey end of terrace Victorian property. The building is classed as locally listed and heritage asset for the town. READ MORE: Boss of The …
Business
Evening Standard
Rishi wants business to step up — business wants him to do the same
Here is Rishi Sunak last night talking to the CBI: “Change doesn’t happen behind a desk in Whitehall. Not even the chancellor’s desk. It comes from all of you.”He wants the “wealth creators, the entrepreneurs” to step up and make the world a better place.Let’s leave aside how many CBI members are genuine wealth creators …
Business
Business Live
New chair of Industry Wales confirmed
Industry Wales, which supports tech and manufacturing firms to expand, has a new chair. The appointment of Professor Keith Ridgway, who had been acting in an interim chair role at the Welsh Government’s at arm’s length body since September 2020, has been confirmed by Economy Minister Vaughan Gething. Industry Wales will support thye Welsh Government’s …
Business
Business Live
Winners unveiled at first Wales Food and Drink Awards
The winners of the first Wales Food and Drink Awards have been announced. Welsh food and drink producers of all sizes were celebrated for their innovation and creativity at the inaugural business awards held at the Mercure Hotel in Cardiff. Businesses were shortlisted in a range of categories reflecting the diversity of the key sector …
Business
Business Live
Covid port star celebrates MBE at Buckingham Palace with wife and boss
A port operations director from Grimsby has celebrated his MBE award for outstanding service during the pandemic at Buckingham Palace. Steve Williams had his selfless actions at the onset of Covid-19 honoured at a royal garden party hosted by The Duchess of Cornwall. Working on the UK’s major fresh produce terminal in Portsmouth, he made …
Business
Evening Standard
Royal Mail shares crash as City fears a big fight with unions over pay
ROYAL MAIL today ramped up its cost cutting plans and said prices would have to rise, potentially setting itself on a collision course with already fractious staff and with the City.Critics say its performance during lockdown was “a mirage” and that management won’t be able to reinvent the business before rivals sweep it away.The shares …
Business
Sky News
Buyout firms join forces in £1.6bn race for staycations giant Parkdean
A pair of buyout firms have joined forces in the £1.6bn race to buy Parkdean Resorts, Britain’s biggest operator of holiday parks.Sky News understands that PAI Partners and real estate funds managed by TPG are working on a joint offer for Parkdean, which has been among the beneficiaries of Britain’s staycations boom. It was unclear …
Business
Sky News
Royal Mail signals price hikes ahead as it cuts costs to cope with soaring inflation
Royal Mail has signalled it will raise prices as it takes more aggressive action on costs in the face of soaring inflation.The company warned that it sees “significant headwinds” from rising costs including wages, energy and fuel and it would look to mitigate these “through price increases and growth initiatives”. Royal Mail revealed that it …
Business
Sky News
EasyJet ‘reducing cancellations’ as airline eyes summer capacity recovery
EasyJet has reported progress in reducing cancellations due to staff shortages and says it hopes to carry almost as many passengers over the summer as it did in the same period in 2019.The low-cost carrier revealed, alongside its half-year results, that it had moved more than 1.5 million seats to its best performing markets to …

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