Keep up to date with the latest accountancy news in our weekly round-up…
Airline, transport and travel companies and car manufacturers are among the largest recipients of emergency funding under a Bank of England scheme that reveals the scale of the financial damage caused by coronavirus in the UK.
British retailers saw sales plunge by nearly a fifth in May as the government’s coronavirus lockdown measures kept shopping streets empty, a survey showed.
Bosses at KPMG have told staff they are committed to eradicating “discrimination and inequality of any kind”, making them the latest in a string of senior corporate figures to respond to George Floyd’s death in Minneapolis last week.
KPMG has been replaced by BDO as auditor of Ted Baker after the fashion firm’s £25 million inventory blunder. The retailer announced that BDO would take over the role after the AGM on 21 July.
Top 20 firm Smith & Williamson’s delayed merger with Tilney to create a £45bn integrated wealth management and professional services business is to go ahead, after the two companies agreed a revised transaction structure and fresh financing.