Mulberry Group (MUL) issues profit warning after House of Fraser hit. The British manufacturer, famed for its £1000 Bayswater bags sported by celebrities, has put £3 million aside to cope with the fallout from the failure of House of Fraser, where it has concessions in 21 stores and employs 80 staff.
Countrywide (CWD) scraps £20m pay plan ahead of expected shareholder revolt
KPMG fined £3 million over Ted Baker (TED) misconduct. The Financial Reporting Council said the firm, which admitted it was in the wrong, should not have provided expert witness services to Ted Baker in a court case while it was also handling its books in 2013 and 2014.
