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

 

Future of 1p and 2p coins secured ‘for years to come’

The UK Treasury has reprieved 1p and 2p coins, saying they will continue to be used “for years to come”.

UK economy ‘treading water’ as services sector struggles back to marginal growth

Britain’s services sector improved just enough to return to growth last month after shrinking in March, but the economy remained “more or less stalled” according to analysts.

Metro Bank profits  plunge drags shares to all-time low

Metro Bank shares plunged to all-time lows on Thursday after it revealed an accounting error contributed to a 50% drop in quarterly profits and the loss of some of its bigger customers.

KPMG advises on £100m grant for British Steel

The government is to provide £100m to British Steel in emergency support, after the company faced a financial shortfall ahead of its latest carbon emissions bill.

Kingston Smith joins Moore Stephens International network

Top 20 accounting firm Kingston Smith, formerly the UK member firm for global network Morison KSi, has quit to join Moore Stephens International.

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