A third of financial directors have said the World Cup, which kicked off yesterday in France, will affect the profitability of their business.
Of the 200 FDs questioned in this week’s Big Question survey by Accountancy Age and Reed Accountancy Personnel, 33% said the World Cup will have a direct effect on profits. Of these, 17% said the tournament would boost profits.
Andy Hall, group financial controller of brewer Whitbread, which also operates Thresher off-licences, said: ‘With so many people watching the games at home, Thresher expects to sell 24 million cans of beer and 252 tonnes of chocolate.’
But 15% of FDs said the football extravaganza would harm profitability.
‘Games in work time could pose a problem, particularly if England or Scotland do well,’ said Andy Polkenhorn, of Poole-based glass manufacturer Pilkington.
Most of those FDs questioned, however, remained neutral on the subject.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.