Keep up to date with the latest accountancy and finance news in our weekly round-up…
The UK Treasury has reprieved 1p and 2p coins, saying they will continue to be used “for years to come”.
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 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.
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.
Top 20 accounting firm Kingston Smith, formerly the UK member firm for global network Morison KSi, has quit to join Moore Stephens International.