Connect with us

Business

The Big 4 audit firms keep failing. Now they’re being forced to change – CNN

The UK accounting watchdog has given Deloitte, EY, KPMG and PwC four years to split their audit and consulting businesses in an effort to improve corporate reporting following a string of high-profile accounting scandals.

Published

on

post featured image

Business

Volatile Australian share market racks up fifth decline in six trading days – NEWS.com.au

Volatile Australian share market racks up fifth decline in six trading days

Published

on

post featured image

The Australian share market continues to seesaw, slipping back into the red after yesterdays stellar rally and once again following Wall Sts lead.The S&P/ASX200 closed 0.81 per cent lower at 5875.9 while the All Ordinaries Index fell 0.9 per cent to 6056.5.
“It’s quite clear that the market is lacking enthusiasm and gusto — in fact, this is the fifth decline in six trading days,” CommSec analyst Steve Daghlian said.
Unless the ASX200 surges several per cent over the next four days, Septemb…

Click here to view the original article.

Continue Reading

Business

Mercedes-Benz GLE 53 Coupe: Stylish SUV is sporty and fun – NEWS.com.au

Mercedes-Benz GLE 53 Coupe: Stylish SUV is sporty and fun

Published

on

post featured image

High-riding SUVs with coupe-like rooflines make little practical sense but have strong appeal to luxury car customers.Buyers of the new Mercedes-Benz GLE Coupe are “very unlikely to consider other cars in the range”, so says the brand.
BMW invented the genre with its X5-based X6 before manufacturers such as Mercedes, Audi and Porsche followed suit. Purists might question the logic of compromising cargo capacity and rear passenger room for the sake of style, but the popularity of these cars is p…

Click here to view the original article.

Continue Reading

Business

Regal Owner Cineworld Swings to First-Half Loss, Says “No Certainty” on Future Impact of COVID-19 – Hollywood Reporter

CEO Mooky Greidinger also reemphasizes the firm will only show films that respect the theatrical window and says “negotiations with the banks remain ongoing in order to obtain covenant waivers in respect of December 2020 and June 2021.”

Published

on

Exhibition giant and Regal owner Cineworld Group on Thursday swung to a loss for the first half of 2020 as revenue fell sharply amid the novel coronavirus pandemic, which led to cinema closures worldwide.
Revenue fell to $712.4 million, adjusted EBITDA dropped to $53.0 million, and the group swung to an after-tax loss of $1.58 billion, or $436 million on an adjusted basis.
Revenue in the comparable period of 2019 had come in at $2.15 billion, with after-tax profit of $200.8 million, and adjust…

Click here to view the original article.

Continue Reading

Trending