Courts reject grant Thornton’s £22 million appeal.

@peter_IFAMAG reads Twitter so you don’t have to.

Following a lengthy court case, Grant Thornton loses battle to overturn £22m court judgement. Tabby Kinder, of the FT, reports The Court of Appeals has set a precedent ‘leaving auditors liable for all losses a company suffers and dividends it pays while trading under a ‘negligent’ audit.’ Also, from Twitter today; the UK’s factory output expands at the fastest rate in six years, whilst Pret loses a third of its workforce.

Bloomberg shares new data today on the UK’s factory output. Output expanded at the quickest rate in more than six years.

Sarah O’Conner laments Pret’s ‘unsustainable economic model’ today, highlighting that just one in fifty job applicants was British.

Deb Oxley CBE asks her followers to call for ‘direct government support for more employee and worker ownership.’

Here is Tabby Kinder’s tweet, calling the Grant Thornton ruling ‘bad news’ for the UK’s audit firms.

On Friday, James Hurley revealed Wirecard’s English operation will be wound down.

And finally, Robin Wigglesworth shares his insights into recent bull market growth.

What are your thoughts on these tweets?

Tweet your responses to @peter_IFAMAG

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