Keep up with the latest accountancy and business news in our weekly accountancy news round-up…

 

RBS profits more than double £1.6bn

The Royal Bank of Scotland records second consecutive year of profit since its £45bn state bailout in 2008.

 Barclays says it has spent up to £200 million on Brexit

UK chairman Gerry Grimstone said on Wednesday that the bank has spent £100-200 million moving operations and staff out of Britain to prepare for Brexit.

Patisserie Valarie rescued in management buyout backed by Causeway Capital Partners

After being on the brink of complete collapse, the cake chain and 2,000 of its jobs have been saved by an Irish private equity firm.

Rare medieval accountancy book expected to sell for $1.5m

A rare copy of a 15th-century printed book that set down the principles of modern accounting and double-entry bookkeeping is to go up for sale with an estimated value of up $1.5m.

And finally…

Firm established by soldiers returning from the Great War now employs more than 200 people

Alfred Scrutton and Francis Goodchild opened their accountancy firm in Ipswich in 1919 after they returned from the Great War and is now celebrating its centenary.

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