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

 

UK businesses lacking in confidence going in to 2019

The ICAEW has released the latest Business Confidence Monitor, which has revealed that UK business confidence has continued to fall.

Pret a Manger charity to invest in homeless hostel in London

Pret a Manger’s charitable foundation, the Pret Foundation, is to invest in a homeless hostel in London as part of a project to provide jobs and training for people who once lived on the street.

SoftBank leads $440 million investment in UK fintech OakNorth, valuing it at $2.8billion

British digital bank OakNorth has reported that it secured $440 million in an investment round led by Japan’s SoftBank. The firm lends to small-to-medium enterprises through its digital platform.

BNP Paribas cuts targets for 2020 after global markets revenue plunges 40%

French banking giant BNP Paribas has cut its targets for 2020 after revenue in its global markets arm plunged 40% amid volatility at the end of last year.

BDO and Moore Stephens LLP merger complete

The BDO and Moore Stephens LLP merger is complete, it was announced this week. They are now the largest UK accountancy and business advisory firm focused on “mid-sized, entrepreneurially-spirited businesses”.

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