FCA investigates WH Smith over £600m accounting error
City watchdog makes inquiries into WH Smith accounting blunder that wiped £600m off value. Retailer shifts focus to travel hubs after high street sale.
Category : Search result: accounting failure
Spain's €1.1bn Ghost Airport: A €10k Failure
The shocking story of Spain's €1.1 billion 'ghost airport' that operated for just three years before closing. Discover how this infrastructure disaster lost billions.
WH Smith CEO quits after major US accounting blunder
WH Smith's CEO steps down immediately after a £50m accounting error in its North American division slashes profits and wipes nearly £600m from market value. Discover the full story behind the retail giant's crisis.
WH Smith CEO quits after US profit warning
WH Smith CEO Carl Cowling steps down following a £50m US accounting error. Interim leader appointed as profits plummet. Read the full story on the retail giant's crisis.
WH Smith CEO steps down in US accounting probe
WH Smith CEO Carl Cowling resigns after a Deloitte probe uncovers a £50m profit overstatement in its US division. The group issues another profit warning. Read the full story.
Guterres: 1.5°C climate failure 'moral catastrophe'
UN Secretary-General António Guterres delivers impassioned warning at COP30 summit, declaring the world's failure to meet critical climate targets a profound moral failure that threatens humanity's future.
Kansas City ride safety belt fails mid-operation
Terrifying moment at Kansas City attraction as ride safety belt fails mid-operation, sending riders plunging downwards in shocking safety breach caught on camera.
Prison guards help sex offender escape with directions
Exclusive: Security scandal rocks UK prison system as staff inadvertently assist convicted sex offender's escape from Derwentside immigration centre, raising serious questions about staff training and security protocols.
Police apology after murder at sex offender's home
A police force has issued a formal apology after a vulnerable woman was murdered at a known sex offender's residence that had been operating unlawfully for six months, raising serious questions about public protection failures.
ANZ Banking App Crashes in Nationwide Outage
Thousands of ANZ customers across Australia were left stranded as both the mobile app and internet banking services crashed simultaneously, sparking fury and financial anxiety.
B&M Finance Chief Quits After Accounting Blunder
B&M's finance director resigns following a significant accounting error that forced the retailer to issue a profit warning and wiped millions from its market value.
B&M profit warning after accounting error
B&M's finance director warns of significant profit impact following a serious accounting error that's rocked the discount retail giant, sending shares tumbling.
MoJ fails to file receipts for £1.1bn spending
Shocking audit reveals Ministry of Justice failed to provide receipts for billions in taxpayer money, raising serious questions about financial oversight.
Optus Network Collapse Disrupts Emergency Services
Australia's second-largest telecommunications provider Optus suffered a catastrophic nationwide outage, disrupting emergency services and mistakenly sending thousands of customers to voicemail during critical situations.
Optus outage left SA ambulance without emergency alerts
A major Optus network failure prevented emergency alerts from reaching South Australian ambulance services, raising serious concerns about public safety and telecommunications reliability.
Manchester synagogue terror alert failure exposed
Exclusive investigation reveals how a major mobile network failure prevented Manchester's Jewish community from receiving emergency terror attack warnings during synagogue services, raising serious security concerns.
Optus Outage: Triple-Zero Calls Failed, Lives at Risk
A major Optus outage left Australians unable to reach emergency services, with calls to triple-zero failing. A victim who collapsed during the blackout warns that lives are at stake, demanding an urgent regulatory overhaul.
Nats IT Failure Causes UK Air Traffic Chaos
A major IT failure at the UK's National Air Traffic Services (Nats) caused severe disruption, grounding flights and leaving thousands of passengers stranded at London Stansted, Brussels, and Berlin Airports.
Lesotho Water Project Backfires: Damage & Debt for Villagers
Exclusive report from Lesotho reveals how a multi-million-pound African Development Bank water project has left villages with cracked homes, dry taps, and crippling debt instead of the promised clean water.
UK's Top Accounting & Finance Universities 2025 Revealed
The Complete University Guide 2025 has ranked the best UK universities for Accounting & Finance degrees. Discover which institutions lead the pack, who climbed the ranks, and key trends shaping business education.
AK-47 killer entered UK twice, raised family in Welsh town
Exclusive investigation reveals how an Albanian killer who murdered a mother with an AK-47 was allowed to enter Britain twice, settling in a Welsh community where he later committed a terrifying road rage attack.
Infantino Investigated in Juventus False Accounting Scandal
FIFA President Gianni Infantino is under investigation for alleged complicity in a false accounting scandal at Juventus, as the Serie A giants face a potential 9-point deduction.
WH Smith Profit Warning After £30m Accounting Error
High street giant WH Smith has been forced to issue a dramatic profit warning after uncovering a significant £30 million accounting error, sending shockwaves through the retail sector and prompting a sharp drop in its share price.
Skydiver's Death Ruled 'Gross Negligence' After Harness Fail
A coroner has ruled that a series of instructor errors led to the death of Belinda Taylor, 44, who fell from 3,500ft during a skydive in Peterlee. The inquest heard how a 'catastrophic failure' to properly secure her harness was the direct cause of the fa
Israel intelligence chief resigns over Hamas attack failures
Major General Aharon Haliva steps down following intelligence lapses that allowed Hamas to launch a devastating attack on Israel.
Nurse's retirement dreams crushed by super fund collapse
A dedicated NHS nurse faces financial ruin after her superannuation fund collapses, leaving her retirement plans in tatters. Experts warn of systemic risks in pension schemes.
Israeli general admits intel failures before Hamas attack
Former Israeli military intelligence chief acknowledges systemic failures in anticipating Hamas' assault, sparking debate on accountability and Gaza strategy.
Arkansas inmates walk out of prison in daring escape
Two Arkansas inmates executed a brazen escape by simply walking out of prison, exposing glaring security lapses. Discover how they pulled off this audacious jailbreak.
KPMG cuts over 100 jobs in Scotland
Big Four accounting firm KPMG announces significant job cuts in Scotland, citing economic pressures and reduced demand for consulting services.
Boy dies after being sent home with antibiotics despite mum's pleas
A grieving family demands answers after their five-year-old son passed away following a misdiagnosis, despite his mother's repeated concerns.
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