GPG is currently engaged in a hostile takeover of the prestige Berkshire
racetrack where it is already a shareholder. The investment firm is demanding an
extraordinary general meeting to ensure the current management is stopped from
selling off surplus land for development, according to the Sunday Telegraph.
Newbury is not only the venue for the Gold Cup, but also plays host to
conferences and exhibitions as well as being home to an 18 hole golf course.
GPG has revealed a £35m bid for Newbury and currently owns a little more than
26% of the company and needs support of around 50% to carry through its
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
Smaller businesses could be excluded from government plans for making business transactions digital, found new research from ICAEW
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live