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The Latest Breaking News from BDO

Fintech firm Revolut hit by £25m loss after hiring spree

Firm gave near 80% pay increase to founder despite uncertainty over approval of UK banking licence

The Guardian - UK

Revolut swings to £25 million loss as auditor says IT issues 'resolved'

The rosy audit opinion gets the London fintech a step closer to securing a banking licence

Evening Standard

UK economy at risk of ‘hard landing’; MPs quiz Asda co-owner – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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read the most diverse news in one place.

Raymond van Barneveld believes he ‘can go all the way’ at World Championship

The 56-year-old is marking the 25th anniversary of his first world title.

The Independent UK

Revolut mulls auditor switch as banking licence decision looms

London fintech giant Revolut has been considering switching auditors after its last annual accounts were only signed off with a health warning, the Standard understands.

Evening Standard

Threat of recession looming as firms grapple with ‘inflationary headwinds’, UK advisory group warns

Report says threat of recession looming amid fall in employment, business optimism, and output

The Independent UK

Hiring boom fading but three-quarters of UK firms still struggle to find staff

Staffing difficulties worst in hospitality sector, finds BCC poll, with separate research showing recruitment intentions falling in UK

The Guardian - UK

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How America's 6th largest accounting firm is tackling a talent shortage

BDO USA, the sixth largest accounting firm in the U.S., announced a new employee stock ownership benefit in August.

Fortune

Lawyers lose in better deal for pelvic mesh victims

A law firm that ran two class actions for women harmed by pelvic mesh implants will lose out on a $38.5 million cut of $405 million in settlement funds.

AAP

Online tech students in tears over funding cancellation

The Tertiary Education Commission says the Developers Institute was over-funded in several instances since 2021 and has decided to end funding immediately, reports Ella Scott-Fleming

Newsroom.co.nz

UK manufacturers cut hiring plans amid ‘sharp slowdown’, survey finds

Firms preparing for difficult year as ‘potent cocktail’ of difficulties takes hold, says industry lobby group

The Guardian - UK

UK firms ‘slow output and rein in hiring as borrowing costs rise’

Survey of businesses gives further indication that Bank of England could limit future interest rate rises

The Guardian - UK

UK business confidence falls as economy slows and interest rates rise

Firms have cut back on hiring staff and manufacturing output is at its lowest since May 2020 as supply issues continue, a survey finds

The Guardian - UK

City AM bought by Matthew Moulding’s online beauty retailer THG

London-based free newspaper saved from administration by multimillionaire businessman

The Guardian - UK

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The Hindu

Why the Garo tribe of West Bengal’s Alipurduar feels betrayed by the ballot

Nothing much has changed in Uttar Panialguri, Alipurduar, for decades, say the villagers, mostly from the Garo tribal community, except for the Anganwadi Centre that was set up 16 years ago in a hut, where about 50 children come, six days a week.

Evening Standard

Which Empire cinemas are closing? Company enters administration

Eight of the 14 cinemas in the group – under the Empire Cinemas and Tivoli brands – will remain open

Nottingham Post

Six venues close and 150 jobs lost as Empire Cinemas goes into administration

It leaves a town and a city with no main cinema

Wales Online

Empire Cinemas goes into administration with 150 jobs lost and six venues shut

It leaves a town and a city with no main cinema

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news in one place.

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Birmingham Post

Six Empire Cinemas close with immediate effect as company falls into administration

Remaining cinemas in the UK company's portfolio will continue to show films while BDO LLP administrators seek a buyer for the business

Birmingham Post

Blackpool Pleasure Beach, Specsavers and Princes: The 31 latest North West hires and promotions

BusinessLive rounds up the latest hires and promotions across the North West

The Hindu

One company of central forces in every district in West Bengal: SEC

WBSEC on Tuesday requisitioned the deployment of one company of central forces in every district in the State.

The Independent UK

High street records negative sales for first time in more than two years

Total like-for-like retail sales, combining in-store and online, fell by 1.5% overall compared with last May, according to BDO.

PC Gamer

Black Desert asks the question: What if we made an MMO expansion and didn't invite any monsters?

Don't worry, though, there are still a bunch of boss fights.

Belfast Live

Sisters open up on double grief after losing loved ones to 'silent killer'

Presenting late, Paddy's symptoms included indigestion and pain in the upper abdomen

Belfast Live

BDO NI and Irish FA celebrate competitive sport with special schools across NI

Over 100 players compete at Lagan Valley Leisureplex in Lisburn

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