The Financial Conduct Authority has fined John Wood Group £13 million for publishing inaccurate financial results. The fine comes as the engineering group prepares for a forthcoming takeover by a
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The Australian company responsible for operating the Bibby Stockholm asylum-seeker barge has commenced the process of repaying approximately £80 million it overcharged to UK clients, including the British government. The
A senior partner at KPMG Australia has been fined A$10,000 for employing an artificial intelligence tool to cheat on an internal examination concerning AI usage. The unnamed individual submitted training
Richard Howson, the former chief executive of Carillion, has been fined £237,000 for his role in the collapse of the construction and support services firm. The Financial Conduct Authority (FCA)
Bhairav Trivedi, the former chief executive of CAB Payments, has publicly backed a takeover bid from private equity firm Helios, contradicting the company’s board. This announcement follows Helios’s bid to
Barclays has unveiled plans to utilise artificial intelligence as a crucial component of its strategy to achieve £2 billion in cost savings over the next three years. The bank’s chief
Phoenix Copper Ltd, a copper miner whose shares are traded on London’s junior market, has suspended its executive chairman and finance chief as allegations have emerged concerning payments made to
Stock markets in Japan, South Korea, and Singapore have surged in recent years, contrasting sharply with the sluggish performance often cited in the UK. This dynamic shift prompts a closer
An internal investigation at Crispin Odey’s now-defunct hedge fund, Odey Asset Management, has revealed at least 46 allegations of inappropriate conduct involving female employees spanning a period of 17 years.
The administrators of NMC Health, the former FTSE 100 company, have successfully reached a settlement with Ernst & Young (EY) in their £2 billion High Court claim. This agreement represents
A coalition of auditors and shareholder representatives has issued a stern warning to the government regarding the scrapping of the audit reform bill. The decision has raised concerns about the
Boeing, once a cornerstone of American aviation, now finds itself embroiled in a dire situation following a series of catastrophic events. The company has suffered from multiple crashes, leading to
US President Donald Trump has launched a forthright assault on American defence contractors, warning that he will restrict dividend payments and share repurchase programmes unless they accelerate weapons manufacturing. The
Auction Technology Group has unanimously rejected eleven unsolicited proposals from its largest shareholder, FitzWalter Capital, including a 360 pence per share cash offer made in December. The board stated that
Amigo Holdings, once a leading subprime lender in the United Kingdom, has appointed Australian entrepreneur Craig Ransley as its executive chairman, marking a strategic move towards the mining industry as
Sir Pascal Soriot, chief executive of AstraZeneca, has come under scrutiny following revelations that his family invested in an organisation recognised as a significant partner of Britain’s largest public company.
