Business

Wonga: Fourfold rise in compensation claimant estimate

Image copyright Getty Images Image caption Wonga sponsored Newcastle United during more successful times for the lender More than 40,000 customers of former payday lender Wonga are seeking compensation with more expected to follow suit, administrators have said. The total is four times the previous estimate, accountants Grant Thornton said, although many will expect little […]

Business

Do supermarkets know more about us than we do?

Image copyright Getty Images When you buy something at the supermarket, what makes you pick one brand – or one product – over another? Retailers invest huge sums trying to understand this decision-making process, or influence it, in a UK grocery market worth almost £200bn. We know supermarkets can learn a huge amount about us […]

Business

What went wrong at Superdry?

Image copyright Reuters Don’t be fooled by the Japanese characters emblazoned on its hoodies – Superdry was always a thoroughly British success story. From a small stall in Cheltenham market, it went on to become a truly global phenomenon and a commercial success. But 16 years after its founding, the firm started by James Holder […]

Business

UK audit watchdog to be replaced by new governing body

Image copyright AFP Image caption MPs criticised auditor KPMG and the industry as a whole after Construction giant Carillion collapsed in January 2018 The Financial Reporting Council (FRC) is to be scrapped and replaced by a new regulator for accountancy firms, the UK government has announced. The Audit, Reporting and Governance Authority will have enhanced […]

Business

How I’m preparing for a no-deal Brexit

Image copyright Ian Davies, Brussels Street Studio We’re still no clearer on what will happen on 29 March when the UK is set to leave the European Union. The prime minister doesn’t seem any closer to getting a deal finalised and leaving without one remains an option. If that happens it means the UK would […]