Keep up to date with the latest business and accountancy news in our weekly round-up…
Banks and other financial service companies have cautiously backed progress around the Brexit deal, though are still pushing ahead with job moves and expansion in other EU states.
Royal Mail saw pre-tax profits tumble to £33 million in the six months to October, from £77 million a year earlier. Rico Back, the chief executive, has refused to rule out job cuts to deal with the company’s issues.
New research has revealed a ‘shocking’ lack of diversity at UK technology firms. Only 14.6% of senior executives at the 500 largest technology companies are female.
HSBC and China Investment Corp are in talks to create a fund for the Chinese sovereign wealth fund to invest in companies in Britain that have business links with China, HSBC said on Thursday.
The Big Four firms were unanimously against being broken up into smaller firms and against the creation of an independent audit appointment body.