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

 

Giraffe and Ed’s Easy Diner owner to shut a third of its restaurants 

The owner of Ed’s Easy Diner and Giraffe is to close a third of its restaurants, putting 340 jobs at risk after creditors approved a rescue deal.

UK Financial Services Shift £1trn to Europe 

As Brexit looms, financial service businesses have begun initiating no-deal contingency plans shifting an estimated £1trn in assets out of the UK to Europe.

Institute of Directors concerned over future of UK corporate governance under new audit regulator

The Institute of Directors has expressed concern over the future of corporate governance in the UK following the establishment of a new audit regulator.

Deloitte gagged by Government over academy insolvency 

Big four firm Deloitte is subject to a so-called gagging clause in relation to its work to close the multi-academy trust WCAT. According to the UK media, the clause prevents Deloitte from saying anything that would ’embarrass’ the Department of Education.

And finally…

Toilet paper maker stockpiles in case of no-deal:

One of the UK’s main suppliers of toilet paper have started stock piling in the event of no-deal Brexit.

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