Profits at Gordon Ramsay’s UK restaurants fell by 87% in the last year, forcing the chef to inject £3.5m of his own money into the business, the BBC reports.
His father-in-law and partner Chris Hutcheson also pumped in £1.5m to help cope with mounting debts and tax bills.
Their woes in the year to August 2008 were [...]

Professionals with the CIPFA accountancy qualification can for the first time undertake a top-up MSc in Accounting and Finance from the University of Northampton. This innovation follows a new partnership between the University of Northampton and Chartered Institute of Public Finance and Accountancy (CIPFA).
This MSc programme has been jointly developed to recognise the level and [...]

Bernard Madoff has been given the maximum prison sentence of 150 years for his role in masterminding a massive fraud that robbed investors of $65bn (£40bn).
The sentence, which means Madoff will spend the rest of his life in jail, was greeted with cheers and applause in the packed courtroom.
US District Judge Denny Chin said he [...]

The Chartered Institute of Management Accountants (CIMA) has elected its first Asian-born President.  Aubrey Joachim, FCMA, was elected President with global responsibilities at the 90th CIMA Annual General Meeting held at the Queen Elizabeth II Conference Centre, London, on 6 June.
Aubrey Joachim was born in Sri Lanka of Portuguese descent and is now an Australian [...]

Car giant General Motors (GM) has filed for bankruptcy protection, marking the biggest failure of an industrial company in US history.
The widely expected move comes after GM had seen its losses widen following a steep fall in sales in recent years.
The move into bankruptcy protection has been backed by the US government, which is now [...]

CIMA, the Chartered Institute of Management Accountants, and professional training provider, BPP, have joined forces to subsidise courses for graduates coming onto the job market in the toughest market in a decade.  From today, students will be able to sign up to study CIMA Certificate and Managerial level courses at a BPP UK mainland centre [...]

2008 was, according to the AAT themselves,  “an exciting and successful year for the Association with a 6.1% increase in total membership, the launch of our first computer based exam and the creation of AAT South Africa.”
The article continues, “Although planning for a deficit, we have continued to maintain a strong financial position thanks to [...]

The Chartered Institute of Management Accountants (CIMA) has launched its 2009 awards.
There are 12 award categories, including the addition of a new category - Unlocking business intelligence - to recognise the finance team which has successfully implemented a business intelligence project.
The awards will be presented at an awards dinner at The Guoman Tower Hotel, London, [...]

Farmers run the risk of failing to maximise their incomes because of a lack of understanding of their own costs. This issue is further compounded by the food retailers’ lack of understanding of the farmers’ perspective, and the short-termism forced on farmers as a direct result of the poor co-ordination throughout the agri-food supply chain. [...]

Marks and Spencer has reported a fall in sales for the fourth consecutive quarter and admitted that the outlook remains “uncertain”.
M&S said like-for-like sales in the UK - i.e. those which strip out the impact of store openings and closures - were down 4.2% for the 13 weeks to 28 March.
Executive chairman Sir Stuart Rose [...]