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FRC drops investigation into KPMG over Entain audit


By Michael Griffiths

The Financial Reporting Council (FRC) has announced it is closing an investigation into KPMG over an audit the accountancy firm conducted of betting company, Entain.

The audit under investigation covered the annual consolidated financial statements of Entain in 2022


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Unilever agrees deal with McCormick to combine foods business

Unilever has agreed a deal with McCormick that will combine Unilever’s foods businesses with the US-based firm

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SSE upgrades EPS guidance after ‘strong’ operational performance

SSE has revealed it is expecting to report its adjusted earnings per share to be in the range of 147-152p when it publishes its full-year results on 28 May

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Topps Tiles to close 23 stores

Topps Tiles has announced it will close 23 stores as part of what it described a “series of self-help measures”

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Pets at Home on track to meet profit guidance

Pets at Home has revealed it is still on track to meet its full-year guidance of £92m in underlying pre-tax profit

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Howden to acquire Hymans Robertson’s insurance and financial services consulting team

Howden has agreed to acquire the insurance and financial services consulting team (IFS team) of Hymans Robertson LLP, strengthening its specialist insurance actuarial and longevity consulting capabilities

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Boohoo Group reports earnings ahead of expectations

Boohoo Group has revealed that its adjusted earnings totalled £53m in its latest financial year, coming in ahead of the fashion retailer’s previous guidance

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Financial services sector pension scheme secures £40m buy-in with Canada Life

An unnamed financial services sector pension scheme has completed a full-scheme buy-in deal with Canada Life

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HICL increases stake in Cross London Trains

Infrastructure investment group, HICL, has agreed to acquire a further 6.65% interest in Cross London Trains (XLT) for approximately £52m

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Five companies facing CMA probe over fake and misleading reviews

The Competition and Markets Authority (CMA) has launched five new consumer law investigations into UK companies as part of a crackdown on fake and misleading reviews

Fuller’s appoints new CFO

Fuller, Smith & Turner has announced the appointment of Katie Horner as the company’s chief financial officer (CFO) designate
Capita sells private sector contact centre business for £1

Capita has agreed a deal to sell its private sector contact centre business to Inspirit Capital for £1
Lloyds pays out £139k in compensation over recent IT glitch

Lloyds Banking Group has paid out £139,000 in compensation to customers affected by a recent IT glitch that allowed customers to see other people’s transactions


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