Accountancy profession ‘complicit in Thomas Cook failure’

Rachel Reeves, chair of business committee, says legal reform neededThe chair of an influential parliamentary committee has launched a blistering attack on the accounting industry, accusing it of being complicit in the failure of Thomas Cook, Carillion…

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Retailers call for action as high street store closures soar

Government urged to step in over crisis that has cost tens of thousands of jobsRetailers and unions are calling for urgent government action to help struggling high streets as new data shows the number of shops, pubs and restaurants lying empty is risi…

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Sports Direct’s delayed accounts spell crunch time for auditors Grant Thornton

Work by firm that audited Patisserie Valerie deemed substandard by Financial Reporting CouncilOne part of Sports Direct’s plea about the delay in publishing full-year results is credible. The firm’s auditor, Grant Thornton, is struggling to repair its …

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Butterless puff pastry is bad enough. But other food hacks can be fatal | Felicity Cloake

Patisserie Valerie’s substitution of marge caused shock – but it’s part of an infamous tradition blighting the restaurant industryThe revelation that struggling bakery chain Patisserie Valerie was so strapped for cash under its previous management that…

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