Mar 06, 2018
Companies face being "overwhelmed" with the requirements of the new IFRS 16 accounting standard unless they launch their preparation strategies now, industry experts have warned. The new standard, IFRS 16 – Leases, was issued by the International Accounting Standards Board (IASB) in 2016 and will become effective in less than a year, on January 1, 2019. The new rules require most operating leases to be recorded on balance sheets, whereas previously only finance leases were recognized. Duff & Phelps, the global valuation and corporate finance advisor, says that for several industries, such as retail, real estate, airline, transport and energy, this could well become one of the most material items on their balance sheets, with a large-scale impact on earnings before interest, taxes, depreciation and amortization (EBITDA).
Nov 10, 2017
While business leaders in the UK and Europe have stressed the importance of a smooth Brexit transition to protect the economies of both sides, there are signs that negotiators are struggling to find common ground on key issues. As the Brexit deadline of March 28, 2019 approaches, this special report looks in detail at progress from both sides of the negotiating table.
Mar 15, 2018
Banks and card companies in the UK prevented more than £1.4 billion in unauthorised financial fraud last year, newly-released figures have revealed. Overall, £2 in every £3 of attempted unauthorised fraud is stopped, according to UK Finance, with combined losses down 5% to £731.8 million last year. There were more than 1.9 million reported cases of unauthorised financial fraud, a rise of 3% compared to the year before.