There had been a similar failure 10 months earlier, when Carillion, a giant construction and services group, also ran out of cash. With Carillion, there were more warnings, but eventually its accounts also proved to be wildly at odds with the reality of its financial position. Its demise led to calls for changes to how audits are conducted, and when the bakery chain went under, those calls became deafening.
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Topshop: ‘I haven’t bought clothes in a shop for years’
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Even her fiancé Matt, who tends to find the crowds and the loud music in physical shops a bit...
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Pandemic-hit airline industry to regroup at Dubai Airshow
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The show will also see a significant attendance of defence firms with 20 countries, including Brazil, Russia, France and...
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Boeing: Bolts missing from door, says blowout report
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The incident happened minutes after Alaska Airlines Flight 1282 took off, and involved a panel covering an unused emergency...
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‘Furlough mums and dads while schools are off’ says TUC
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However, there is a growing debate over whether the new coronavirus strain, which is significantly more infectious than the...
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Roblox: ‘We paid off our parents’ mortgage making video games’
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But competition is stiff among top developers on the platform. The firm recently said that more than 1,250 developers...
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Ex-Post Office boss Paula Vennells stripped of CBE
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However, he added: “As has been said more generally about Paula Vennells’ involvement in various committees and working groups...
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Vape firm claims it will survive UK disposable ban
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Scott Butler, executive director of Material Focus, a non-profit organisation set up tackle electrical waste, noted the growing trend...
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Honda workers in Swindon to face ‘reality check’ after it closes
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The loss of Honda in Swindon is not just bad news for the 3,000 people who work there, but...
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