Figures from Experian revealed yesterday that 2012 was the most active year for mergers and acquisitions in terms of ‘mega deals’ since 2009, fuelled by a 15 per cent upturn in the number of very large transactions.
According to the Institute of Chartered Accountants in England and Wales (ICAEW), the audit profession is currently at a crossroads due to recent global financial turbulence and, of course changes in the audit rules in the UK.
According to the results of a recent survey, the average combined pension contributions by employers and employees to small organisations’ defined contribution (DC) pension schemes have remained the same since 2010.
The recent publication by the Audit Commission of its Striking a Balance report, which states that “reserves are an essential part of good financial management”, is a timely reminder to firms in the private sector that regular internal audits need to be undertaken to ensure that they maximise their own cash reserves.
The annual poll from the Association of Investment Companies has found that 87 per cent of fund managers expect markets to rise next year, as opposed to only 71 per cent in last year’s poll.
With the growing interest this year in mergers among voluntary and community organisations, it is interesting to consider why any small companies decide to join forces.
As part of the Government’s efforts to rejuvenate the high street through a multi-million pound strategy, the Department for Communities and Local Government will today open a new pop-up shop in its own London offices, in association with national enterprise campaign StartUp Britain.
As the amount lost by small businesses in various fraudulent scams, from online to employee theft, starts to soar, employers are beginning to realise that it is vital to conduct regular internal audits to combat this before the amounts lost get out of hand.
Recent analysis has revealed that interest rates on savings accounts have been depressed since the introduction of the Bank of England’s Funding for Lending Scheme (FLS), which was launched in August.