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The Latest Breaking News from Carillion

Carillion ex-director gets banned for 11 years – here's what it means for people whose companies get wrecked

Zafar Khan, the former finance director of collapsed mega-contractor Carillion, has been banned from being a company director for 11 years. It is the longest ban imposed on an executive of a listed company by the Insolvency Service (IS) in 60 years, raising the prospect of lengthy bans for seven…

The Conversation

John Davis a true rock of Hunter wine industry

An unconventional path led the highly awarded wine veteran to the industry.

Newcastle Herald

Firms fined most by regulators still on UK government’s list of top suppliers

Observer reveals that companies are getting big contracts in spite of paying penalties for corruption or fraud

The Guardian - UK

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KPMG settles £1.3bn lawsuit with Carillion creditors

Official Receiver has been campaigning on behalf of creditors of construction giant following its collapse in 2018

Birmingham Post

KPMG settles £1.3bn lawsuit from Carillion creditors over alleged negligence

Collapse of outsourcer in 2018 with debts of £7bn came after annual accounts were approved by KPMG

The Guardian - UK

Network Rail could face charges over fatal Stonehaven train crash

PROSECUTORS are considering whether Network Rail will face charges over a train crash which claimed three lives.

The National (Scotland)

Stonehaven rail crash report being considered by prosecutors

PROSECUTORS are considering a joint police and safety regulator investigation report into the Stonehaven rail crash.

The National (Scotland)

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Prosecutors consider whether Network Rail will be charged over Stonehaven crash

Train driver Brett McCullough, conductor Donald Dinnie and passenger Christopher Stuchbury died in the derailment in August 2020.

The Independent UK

Primary school hit by raw sewage leaks, flooding and toxic fumes for years after botched refurb to be rebuilt

Russell Scott Primary School has been chosen for the government's school rebuilding programme after years of campaigning

Manchester Evening News

PFI at 30: it's hard to say anything positive about this deeply flawed financing model

It was Norman Lamont who first announced a new way of paying for public buildings and infrastructure in November 1992. In a speech to the House of Commons, the then chancellor of the exchequer said he was looking to encourage more private financing for such projects.

The Conversation

Every school in Leeds ranked by their food hygiene rating

Anywhere where food is sold needs to be inspected by the Food Standards Agency

Leeds Live

Concerns over impact of new Royal Liverpool hospital on vulnerable Sefton patients

The new Royal Liverpool hospital is due to open from September 28

Liverpool Echo

Ex-Carillion executives face £1m in fines over ‘market abuse’ claims

Richard Howson, Richard Adam and Zafar Khan appeal against watchdog findings that they ‘acted recklessly'

The Guardian - UK

Benzinga Before The Bell: Apple's iPhone Discount, Tesla's Bitcoin Loss, US Investor Fear And Other Top Financial Stories Monday, July 25

CNBC

Benzinga

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The Independent UK

KPMG fined £18.4m and four staff banned from accountancy profession for deliberately misleading regulators

Auditor submitted ‘false and misleading information and documents’ relating to collapsed construction firm Carillion

Birmingham Post

KPMG fined £14.4m for misleading regulator about Carillion audit

Quartet of former staff at the big four financial services firm have been kicked out of Institute of Chartered Accountants in England and Wales for part played in audit work

The Guardian - UK

KPMG partner banned from accounting after misleading regulator over Carillion

Peter Meehan, who led audit of failed outsourcer, will also have to pay fine of £250,000

Evening Standard

KPMG hit with its biggest ever UK fine after ‘misleading’ regulators over Carillion

A second investigation into how the collapsed outsourcer was regulated is still underway

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Liverpool Echo

More details on plans for old Royal Liverpool hospital site as new one set to open

Trust boss speaks about what may replace old hospital as new one prepares to welcome patients and staff

Insider UK

A chartered profession sailing into unchartered waters

The sector is facing up to threats from regulation, recruitment and economic instability

Liverpool Echo

Sajid Javid issues update on when delayed Royal Liverpool Hospital will finally open

The Health Secretary visited the heavily delayed new hospital today and told the ECHO it is on course to open this year

Evening Standard

PwC whacked with £5m in fines over botched audits

PwC has been hit with fines totalling £5 million for duff audits of Galliford Try and Kier Group, the latest blow to a scandal-torn sector.

Insider UK

UK Government confirms plans to tackle dominance of audit 'Big Four'

A new regulator is set to be introduced to avoid the sudden collapse of big companies

The Independent UK

Ministers to rip up transparency rules for small firms to encourage job creation

The government has also revealed the creation of a new authority which it promised would regulate auditors more closely.

The Guardian - UK

EY plans to spin off audit business in shake-up for industry

Move follows series of high-profile corporate collapses including Carillion and BHS

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