Friday 7th March, 2014

The outsourcing giant, Serco has announced that profits last year fell by a whopping 62% after it was hit by costs in relation to the criminal tagging scandal.

Pre-tax profit fell from £281.1m in 2012, to £106.6m last year - with acting boss, Ed Casey admitting to a "difficult year."

Thursday 6th March, 2014

ITESOFT and Mazars have once again collaborated to deliver the 5th edition of the annual “Purchase-to-Pay Automation” survey, in partnership with Accounts Payable News, Shared Services Link and Fujitsu. The European-wide survey aims to identify emerging industry trends and the key factors for a successful Purchase-to-Pay (P2P) process, comparing different P2P practices across UK, Belgium, France, Germany and Switzerland.

Wednesday 5th March, 2014

The CBI has proposed new measures to boost transparency and trust in private and third sector managed public services contracts, so that they can continue to work with the Government to deliver high-quality services and boost the UK economy.

The Government already spends £187 billion a year with 200,000 private firms managing public services which in turn contribute £48.7 billion to the economy. But the industry recognises that it must work hard to boost public confidence in order to be able to do its job in this sector.

Tuesday 4th March, 2014

Accounting irregularities at Speedy Hire, a UK equipment rental business servicing the construction sector, will see a charge of £2.7m added to the current financial year.

The company hired Deloitte and law firm Addleshaw Goddard to conduct an independent legal and forensic review of accounting irregularities, after discovering the deliberate actions of a small number of employees that have since left the company.

Monday 3rd March, 2014

According to Sarwant Singh, Senior partner at Frost & Sullivan, e-Commerce is set to be a megatrend in the UAE - expected to be valued at $10bn by 2018. The total value of eCommerce currently, is approximately $2.5bn