CA Magazine Online : Latest Accountancy News Accountancy news from CA Magazine, the publication for Institute of Chartered Accountants of Scotland (ICAS) members en-gb Wed, 03 Dec 2008 21:38:41 GMT Brown to push flexible working rights Gordon Brown is to press ahead with plans for more part-time working rights for 4.5m staff, rejecting demands from business leaders that the measure be dropped when new laws are announced today in the Queen’s Speech Wed, 03 Dec 2008 08:24:00 GMT Consumers 'still credit hungry' Cash-strapped consumers are prepared to overstretch themselves on credit and are failing to think through the consequences, according to a survey by PricewaterhouseCoopers Wed, 03 Dec 2008 08:21:00 GMT Demand for redundancy advice soars The number of businesses and employees seeking online advice on redundancies, lay-offs and business restructuring has quadrupled since May as fears over job losses have spiralled, Acas, the advisory and conciliation service, reported on Tuesday Wed, 03 Dec 2008 07:42:00 GMT Photo and cleaning firm cuts jobs Blair Nimmo and Tony Friar of KPMG Restructuring have been appointed as joint administrators of Bowie Castlebank Group, which includes Alexander Kennedy & Sons Ltd, on Tuesday, at the request of the company's directors Wed, 03 Dec 2008 07:35:00 GMT Tesco takes the fight to discount retailers A new range of cheaper products has helped Tesco attract more shoppers to its supermarkets and compete more effectively with discount retailers as British consumers increasingly seek to save money on their weekly shopping bills Tue, 02 Dec 2008 08:36:00 GMT Credit Suisse cuts 650 jobs in UK Troubled Swiss banking giant Credit Suisse has confirmed that it will cut 650 jobs from its UK workforce. The bank has struggled since the onset of the financial crisis and has been forced to write off assets worth billions owing to bad loans Tue, 02 Dec 2008 08:20:00 GMT New Star shares plunge amid bank talks Shares in New Star Asset Management, one of the UK’s best-known fund managers, plunged nearly 43 per cent on Monday as analysts warned it had just days to negotiate a deal with its banks to avoid potentially devastating outflows of its funds Tue, 02 Dec 2008 08:16:00 GMT Aberdeen Asset Management outperforms Aberdeen Asset Management on Monday showed that it had outperformed a struggling fund management sector by reporting slightly higher profits before exceptionals of £95.1m, up from £94.3m last year Tue, 02 Dec 2008 07:25:00 GMT RBS promises mortgage respite The political and public campaign to force Britain's banks to do more to help customers weather the economic downturn will gain impetus today with a promise from the Royal Bank of Scotland to give at least six months' breathing space to homeowners who fall behind with mortgage payments. Mon, 01 Dec 2008 08:22:00 GMT Deloitte reports surge in graduate job applications Professional services firm Deloitte has reported a 34 per cent rise in applications for graduate positions at its Scottish business, led by a 59 per cent hike at its Edinburgh office Mon, 01 Dec 2008 08:17:00 GMT Grant Thornton latest victim of economic downturn Britain’s fifth largest accountancy firm, Grant Thornton, is to cut 225 jobs, including 60 partners, after blaming the economic downturn and last year's merger with rival business Robson Rhodes Mon, 01 Dec 2008 08:14:00 GMT Scottish Equity Partners names venture firm of the year Scottish Equity Partners (SEP) has been named the UK’s top?venture capital firm for the second year running.?SEP received the accolade at the British Private Equity Awards run by?Unquote, which celebrate excellence and innovation across the private equity sector.? Mon, 01 Dec 2008 07:17:00 GMT Lehman picture still out of focus Creditors of Lehman Brothers' European operations hold their first committee meeting next week but PwC, the administrators of the collapsed bank, have warned they are still some way from confirming exactly what they hold Fri, 28 Nov 2008 09:07:00 GMT Bidders warming to Woolworths The repercussions of Woolworths’ collapse washed across the high street on Thursday as supermarkets scrambled to switch to other suppliers, administrators fielded calls from potential buyers and political blows were traded Fri, 28 Nov 2008 09:06:00 GMT Government to own majority of RBS The government is to own 57.9 per cent of the Royal Bank of Scotland after shareholders bought only a tiny proportion of the new shares being offered by the bank Fri, 28 Nov 2008 09:02:00 GMT FRC alerts directors to the corporate reporting challenges arising from current economic conditions The FRC recognises that the global liquidity squeeze and its impact on the wider economy increases the challenges for directors in preparing corporate reports this year Fri, 28 Nov 2008 08:55:00 GMT At least 100 killed in Mumbai attacks More than 100 people were killed, including several foreigners, and hundreds injured in Mumbai after gunmen turned India’s financial capital into a war zone on Wednesday night, shooting guests in luxury hotels and setting off explosions in one of the worst terrorist attacks in the country’s history Thu, 27 Nov 2008 08:25:00 GMT Woolworths falls into administration Woolworths fell into administration on Wednesday, putting 30,000 jobs at risk and marking the bleakest day so far for retail in the financial crisis Thu, 27 Nov 2008 08:19:00 GMT Businesses defy credit crunch with short-term fixes, finds KPMG survey A KPMG survey of Chief Financial Officers (‘CFOs’), conducted by CFO Europe magazine, has found that companies are focusing on short-term fixes to relieve the pressure of the credit crunch Thu, 27 Nov 2008 08:14:00 GMT UK GAAP still used by half of companies Deloitte says UK GAAP is still used in the parent company financial statements of over half of listed companies. Its report ‘Right to the end’ analyses financial statements taken from 130 UK listed companies, 30 of which were investment trusts Thu, 27 Nov 2008 08:04:00 GMT