Market Data Financial News Market Sectors Contact Us - UK Share Information - Tuesday, 9th February 2016

Risers & Fallers

Share Price Risers
Share Price Risers Share Price Risers

Trans Sib32.7552.33 %
Wandisco180.0012.50 %
Ascential (Wi)200.0011.11 %
Petroceltic20.009.59 %
Caledonia Min45.508.33 %
Fletcher King41.007.89 %
Rws Hldgs203.007.12 %
City Lon Inv320.005.96 %
Gts Chemical83.505.70 %
Matchtech507.005.63 %
Share Price Risers
Share Price Fallers
Share Price Fallers Share Price Fallers

Cambian Group70.00-41.54 %
Jpmor. Jap.smls23.00-17.12 %
Chemring Grp.133.00-15.56 %
First Quantum170.00-12.82 %
Vedanta220.70-9.55 %
Premier Oil28.25-8.87 %
Genel Energy105.75-8.64 %
Anglo American345.00-8.27 %
Antofagasta416.00-8.25 %
Fid.jap.val.73.75-8.24 %
Share Price Fallers

FTSE 100 Audits are Not Attractive to Many Firms

Monday, 8th February 2016

Grant Thornton has 4,500 staff in the UK, and more than 40,000 worldwide, and they say that there is not really any major reason to change the current hegemony in the FTSE audit space - which comprises PwC, KPMG, Deloitte and Ernst & Young.

They explained that there are a lot of tenders going on, but that they are all still staying within the ‘big four’. The Cmpeition Commission introduced a new rule in 2013 which required FTSE 350 companies to put their contracts out to tender every ten years. The hope was that it would open the market to more competition, and give more firms a chance to win audit work. However, the end result has been that the same few firms are getting work every time. Under the rules, an accountancy firm that has provided services for 20 years will not be allowed to compete in a tender for that business a third time. While companies are changing auditors, there has been little to no benefit for smaller accountancy firms. Preparing a tender for a big company can cost hundreds of thousands of pounds, so few small accountancy companies are willing to even try to enter the market.

Read previous editors articles here

Stock Market Update

Tuesday, 9th February 2016

London shares shrugged off early tepid gains to be lower to midday, with big falls among a handful of miners deciding overall direction. This as Europe was mildly to moderately ...
Tuesday, 9th February 2016

London equities opened with modest gains as traders sniffed out value buys after yesterday's sell-off. It remains unclear whether the positive bias will continue through to the close. Wall St ...
Tuesday, 9th February 2016

London's headline index is tipped to continue its latest descent, according to financial websites, as negative market sentiment shows little sign of abating, as evidenced by the c.5% fall in ...

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