Link: HP Bulmer FD ousted
Ric Piper, the former finance director at WS Atkins, was due to start yesterday but was told not to bother after a shock profits warning at the engineering consultancy sent its share price crashing by 72%.
Many of the problems at Atkins were down to poor financial control including the disastrous introduction of a new computer system which resulted in Piper being late in invoicing £25m of work.
He was due to receive a salary of about £300,000 which many believe will be paid out to Piper in compensation.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements