Keep up to date with the latest accountancy and finance news in our weekly round-up…

 

Black Friday 2018: Shoppers warned of rip-off deals as retailers look for boost

Struggling retailers are hoping for a boost this Black Friday, with as much as £1.5bn expected to be spent online alone. However, experts warned shoppers to be on their guard for rip-off deals and purchases.

Brexit race to stockpile pushes some of UK’s aerospace suppliers to the brink

A race between Rolls-Royce and Airbus to stockpile before Brexit is causing cash flow problems for the smaller suppliers as they push for consignment stock deals.

Virgin Atlantic in surprise bid to take off with Flybe

The carrier part-owned by Sir Richard Branson is in talks about a surprise takeover for the regional airline. Flybe put itself up for sale last week amid growing financial pressure.

BDO: five-point plan for businesses post-Brexit

BDO has announced the launch of their five-point plan for a ‘New Economy’ post-Brexit. The plan highlights the need to focus on simplified taxes, infrastructure, patient capital, productivity, and skills.

And finally…

Aldi’s Kevin the carrot toy ad causes chaos and queues

Kevin the carrot, along with his wife Katie and their three baby carrots, has sold out both online an instore. Last year, the toys were put on eBay with a price tag of £1,000.

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