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Today’s news in brief – 20/11/2023

Evelyn Partners has strengthened its Leeds investment management team with the appointment of Matthew Wells, a seasoned professional with over 25 years’ experience. Wells specialises in managing portfolios for charities and private clients, contributing to Evelyn Partners’ growth plans in the region.

The FCA censures NMC Health for operating dual sets of accounting records, misleading investors about its debt. The UAE-based healthcare operator concealed a debt of up to $4bn, leading to inaccurate financial statements. The FCA issues censure to explain the misinformation and ensure lessons are learned.

ACCA has written an open letter to Chancellor Jeremy Hunt, expressing concerns about the UK economic outlook. The letter emphasises the need for swift audit reform completion, incentives for business investment, and improvements in HMRC services to boost economic growth and confidence.

IRIS Software Group acquires Bishop Fleming’s Payroll Service Bureau, allowing the top 30 UK professional services firms to focus on core growth strategies. Bishop Fleming’s 900 managed payroll clients join IRIS, benefitting from Fully Managed Payroll and a BACS-approved bureau service. A strategic partnership ensures continued collaboration between the two entities.

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