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....Openreach chief executive Clive Selley said the firm "apologised wholeheartedly" for the mistakes. The investigation found BT had broken rules put in place to counter its "significant market power" by cutting the payments. ... [Read full article on BBC ]
Monday 27th of March 2017 12:47:14 AM
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....Other affected brands include Hotel Indigo and Candlewood Suites. IHG said an investigation had detected signs the malware had been active at front-desk payment locations at the hotels between 29 September and 29 December 2016. ... [Read full article on BBC ]
Wednesday 19th of April 2017 12:31:04 PM
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Monday 27th of March 2017 11:52:11 AM
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Monday 27th of March 2017 06:47:15 PM
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....Amber Rudd said she would be meeting technology firms this week. A WhatsApp spokeswoman said the company was "horrified at the attack" and was co-operating with the investigation. ... [Read full article on BBC ]
Sunday 26th of March 2017 04:33:52 AM
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. Jes Staley, the chief executive of Barclays, could lose his annual bonus after two regulators opened an investigation into his conduct in a whistleblowing case. ... [Read full article on BBC ]
Monday 10th of April 2017 06:32:38 AM
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.... . "Nonetheless, the Bank of England has been assisting the SFO's criminal investigations into Libor manipulation by employees at commercial banks and brokers by providing, on a voluntary basis, documents and records requested by the SFO. ... [Read full article on BBC ]
Sunday 9th of April 2017 11:01:47 PM
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....She began her petition after being told to leave a temp job for refusing to wear a "2-4in heel". A subsequent parliamentary investigation into heels and company dress codes found "widespread discrimination" in workplaces. ... [Read full article on BBC ]
Friday 21st of April 2017 10:29:08 AM
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....The compensation order is a first for the FCA, although it has not imposed its own penalty, and Tesco has accepted the regulator's finding of "market abuse". The SFO said Tesco had co-operated with the investigation and had undergone an "extensive" period of change. ... [Read full article on BBC ]
Tuesday 28th of March 2017 06:35:26 AM
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....The 34-year-old, who got his first credit card at the age of 18, said it was his "own stupidity" that gave him confidence to transfer his growing debts between different cards. "I was getting tens of thousands of pounds of [credit limit] increases without any real investigation into what I was doing and how my repayments were working out," he said. ... [Read full article on BBC ]
Monday 3rd of April 2017 06:53:47 AM
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.... On the summit’s final afternoon, Britain’s then-attorney general, Dominic Grieve QC, made a dramatic announcement: the UK had already joined the fight. A transfer had been flagged as suspicious, and British authorities had frozen the account and initiated a money-laundering investigation. ... [Read full article on Guardian ]
Wednesday 12th of April 2017 05:00:26 AM
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....Initial police reports suggest the collision was caused by a person who failed to give way to the self-driving car rather than a malfunction by the Uber vehicle. However, pending further investigation, the company has removed all its self-driving cars from the road in Arizona, as well as test sites in Pennsylvania and California – all three states where it operated the driverless vehicles. ... [Read full article on Guardian ]
Sunday 26th of March 2017 11:29:44 AM
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.... . The intervention was part-prompted by the advocacy group Public Citizen which carried out its own investigation last year, naming celebrities including Rihanna and Kim Kardashian among 113 influencers who it said endorsed a product without disclosure. ... [Read full article on BBC ]
Thursday 20th of April 2017 05:37:35 AM
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....Switzerland’s second largest bank, Credit Suisse, is at the centre of an international tax evasion case involving 55,000 suspect accounts and the seizure of millions of euros in cash, gold, jewellery, real estate and paintings. In a fresh blow to Switzerland’s attempts to clean up its reputation for banking secrecy and tax evasion, the Netherlands is leading a coalition of five tax authorities conducting a criminal investigation into undeclared “black” accounts and money laundering. ... [Read full article on Guardian ]
Friday 31st of March 2017 08:17:57 AM
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....In addition, Lloyds will appoint an independent lawyer to determine whether the bank investigated the crime properly at the time. The FCA said it would resume an investigation into the fraud, which it suspended in 2013, pending an enquiry by Thames Valley Police. ... [Read full article on BBC ]
Friday 7th of April 2017 08:40:13 AM
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....But as the war has died down, Uber has still had to deal with other crises. It is currently in the midst of a sexual harassment investigation prompted by a blogpost from a former employee, even while it continues to fight regulators when it expands into new cities and services. ... [Read full article on Guardian ]
Thursday 13th of April 2017 12:10:45 PM
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. Police have begun an investigation after what appeared to be human waste was found in drinks cans delivered to a Coca Cola factory in Northern Ireland. ... [Read full article on BBC ]
Tuesday 28th of March 2017 12:56:57 PM
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.... . It has also charged five men and one woman with conspiracy to defraud in connection with an investigation into the setting of Euribor, a Brussels-based euro benchmark. ... [Read full article on BBC ]
Thursday 6th of April 2017 10:12:09 AM
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. Airbnb is improving the security of its app and website after a BBC investigation found people’s homes had been burgled by scammers using stolen accounts. ... [Read full article on BBC ]
Thursday 13th of April 2017 08:02:11 PM
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Tuesday 4th of April 2017 10:42:13 AM
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....Both Sky and Fox are controlled by businessman Rupert Murdoch, who also owns the Times and the Sun newspapers. Part of Ofcom's investigation will include whether Sky's potential new owners are "fit and proper". ... [Read full article on BBC ]
Friday 21st of April 2017 11:29:35 AM
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....A PSNI spokesman said: “Detectives are investigating an incident at commercial premises in the Lisburn area following reports that a consignment of containers delivered to the premises had been contaminated. The investigation is at an early stage and there are no further details available at this time. ... [Read full article on Guardian ]
Tuesday 28th of March 2017 12:32:09 PM
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....The Dutch government has passed information to the other countries about more than 50,000 suspect accounts at the bank. UK authorities said the investigation was also targeting senior bank employees. ... [Read full article on BBC ]
Friday 31st of March 2017 08:39:26 AM
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.... Scale back the ambition. Great strides in understanding weaknesses in Britain’s vocational and technical education have been made through Lord Sainsbury’s report on 16-plus educational choices and the Holman investigation into career guidance. ... [Read full article on Guardian ]
Monday 17th of April 2017 05:43:05 PM
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....”. Barclays announced in a stock market statement that Staley and the bank were under investigation by the Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority (PRA) for the affair. ... [Read full article on Guardian ]
Monday 10th of April 2017 09:06:17 AM
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....BT said it expected to pay out £300m in compensation to rivals including Sky, Vodafone and TalkTalk for the “serious breach” of Ofcom’s rules. “The size of our fine reflects how important these rules are to protect competition and, ultimately, consumers and businesses,” said Gaucho Rasmussen, investigations director at Ofcom. ... [Read full article on Guardian ]
Monday 27th of March 2017 03:54:47 AM
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....A committee of MPs has lambasted Uber’s contracts with drivers as “gibberish” and “almost unintelligible” as the company attempts to ensure its drivers remain self-employed. Frank Field, chair of the work and pensions select committee that is carrying out an investigation into the so-called gig economy, said: “Quite frankly the Uber contract is gibberish. ... [Read full article on Guardian ]
Thursday 6th of April 2017 06:01:33 AM
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....Tesco is now close to drawing a line under the accounting scandal. Last month the company agreed to pay a fine of £129m to settle the Serious Fraud Office investigation. ... [Read full article on Guardian ]
Sunday 9th of April 2017 04:14:41 PM
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....The energy regulator Ofgem said that some of the price rises were hard to justify and Mr Clark has now told the Business Select Committee that the market is "clearly not working" for those on default tariffs. The government is due to respond to a two-year investigation by the Competition and Markets Authority (CMA) which found that two-thirds of UK households were paying "over the odds" for their energy compared with those who have switched to a different tariff. ... [Read full article on BBC ]
Wednesday 19th of April 2017 10:49:17 AM
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....Tesco is now close to drawing a line under the accounting scandal. It has agreed to pay a fine of £129m to settle the Serious Fraud Office investigation and has also struck an £85m deal with the Financial Conduct Authority to compensate affected shareholders. ... [Read full article on Guardian ]
Wednesday 12th of April 2017 06:26:58 AM
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Latest Finance News related to Investigation

Low rates, tight margins: the mortgage market looks worryingly familiar image
....Donald Trump’s commerce secretary, the billionaire dealmaker Wilbur Ross, is beginning to put the president’s America First campaign mission into practice. Trump may have fronted the announcement of an investigation into whether foreign imports of steel compromise US national security, but for Ross the ruinous impact of cheap imports is a wound that he has struggled to close for almost two decades. ...
Dortmund attack: man arrested on suspicion of share-dealing plot image
Source : Guardian [Read Article] Friday 21st of April 2017 04:36:02 PM
....After the explosives attack on the Borussia Dortmund football team, police followed leads pointing to radical Islam, far-right hooligans and leftwing activists. In the end, their investigations led them to an entirely new category of extremism: terror fuelled by financial greed. ...
Sports Direct's £78m move into US retail stuns analysts image
Source : Guardian [Read Article] Friday 21st of April 2017 03:41:12 PM
....The retailer said on Friday it had received approval from Delaware bankruptcy court to buy 50 stores trading as Bob’s Stores and Eastern Mountain Sports through the bankruptcy process of Eastern Outfitters, the chains’ parent company. Sports Direct, majority owned by its chief executive Mike Ashley, is under pressure after a Guardian investigation in 2015 into its working conditions and investor criticism of its corporate governance standards. ...
Government extends Sky takeover inquiry image
Source : BBC [Read Article] Friday 21st of April 2017 11:29:35 AM
....Both Sky and Fox are controlled by businessman Rupert Murdoch, who also owns the Times and the Sun newspapers. Part of Ofcom's investigation will include whether Sky's potential new owners are "fit and proper". ...
High heels row: Petition for work dress code law rejected image
Source : BBC [Read Article] Friday 21st of April 2017 10:29:08 AM
....She began her petition after being told to leave a temp job for refusing to wear a "2-4in heel". A subsequent parliamentary investigation into heels and company dress codes found "widespread discrimination" in workplaces. ...
US discriminating against Chinese firms, says TCL boss image
Source : BBC [Read Article] Friday 21st of April 2017 08:42:08 AM
....President Trump last week said his administration would not label China a currency manipulator, rowing back on a campaign promise. And while he has launched an investigation into countries that export artificially cheap steel - a practice usually associated with China - the White House said the move had "nothing to do" with Beijing and was about protecting US security. ...
Trump launches investigation into steel dumping image
Source : BBC [Read Article] Friday 21st of April 2017 07:41:27 AM
. Donald Trump has launched an investigation into countries that export steel to the US, raising the prospect of new tariffs on imports. ...
Trump signs order to assess whether steel imports threaten national security image
. Donald Trump set the stage for a global fight over steel on Thursday, announcing an investigation into whether cheap imports are a threat to national security. ...
Sadly it was money – not morals – that forced Fox to boot Bill O'Reilly | Lucia Graves image
.... But its actions spoke louder: it sent Ailes out the door with a $40m exit package, then issued two more settlements for harassment charges against O’Reilly. Like O’Reilly, Ailes has denied the claims to the last; but an internal investigation by the network suggested they were credible. ...
Unite 'suspends' Len McCluskey challenger Gerard Coyne image
Source : BBC [Read Article] Thursday 20th of April 2017 03:06:15 PM
.... . Mr Coyne, who is seen as the anti-Jeremy Corbyn candidate, has been suspended as West Midlands regional secretary pending an investigation. ...
Celebrities warned over Instagram ads image
Source : BBC [Read Article] Thursday 20th of April 2017 05:37:35 AM
.... . The intervention was part-prompted by the advocacy group Public Citizen which carried out its own investigation last year, naming celebrities including Rihanna and Kim Kardashian among 113 influencers who it said endorsed a product without disclosure. ...
Fox forcing out Bill O’Reilly could appease critics of the Sky deal | Graham Ruddick image
....The scandal has led to dozens of companies pulling adverts from Fox News and protesters targeting the Fox News headquarters. It has also triggered an internal investigation conducted by the same New York law firm that looked into sexual harassment allegations that ultimately forced out Roger Ailes, the founding chair of Fox News, last year. ...
Holiday Inn hotels hit by card payment system hack image
Source : BBC [Read Article] Wednesday 19th of April 2017 12:31:04 PM
....Other affected brands include Hotel Indigo and Candlewood Suites. IHG said an investigation had detected signs the malware had been active at front-desk payment locations at the hotels between 29 September and 29 December 2016. ...
Energy secretary to 'flex muscles' over rising bills image
Source : BBC [Read Article] Wednesday 19th of April 2017 10:49:17 AM
....The energy regulator Ofgem said that some of the price rises were hard to justify and Mr Clark has now told the Business Select Committee that the market is "clearly not working" for those on default tariffs. The government is due to respond to a two-year investigation by the Competition and Markets Authority (CMA) which found that two-thirds of UK households were paying "over the odds" for their energy compared with those who have switched to a different tariff. ...
Brexit, PPI and high cost credit are top priorities for City watchdog image
Source : Guardian [Read Article] Tuesday 18th of April 2017 05:32:29 PM
....”. The wide-ranging work of the FCA, which oversees 56,000 firms, will also involve looking at the business models of retail banks and “free banking” for current account customers who do not use unauthorised overdrafts following on from the Competition and Markets Authority investigation last year. ...
The Crusader: It PAYS to do your homework with customer service and helpline numbers image
....Nearly 85 per cent of customers who complained were caught out when using their mobile phones to search online and then call the number. PSA chief executive Jo Prowse said: “Our investigation found that consumers were calling these numbers as a result of the company’s failure to provide key and clear information about the service. ...
The Guardian view on apprenticeships: an invitation for employers to cheat | Editorial image
.... Scale back the ambition. Great strides in understanding weaknesses in Britain’s vocational and technical education have been made through Lord Sainsbury’s report on 16-plus educational choices and the Holman investigation into career guidance. ...
Brazil's Odebrecht to pay $2.6bn fine for corruption image
Source : BBC [Read Article] Monday 17th of April 2017 05:35:57 PM
....In Brazil, Latin America's largest construction company was one of a group of contractors alleged to have conspired with politicians and oil company executives to take billions in bribes and kickbacks from Petrobras. The charges against Odebrecht stem from a three-year investigation into Petrobras which has led to the arrest of dozens of business leaders including CEO Marcelo Odebrecht, who is serving a 19-year jail sentence. ...
Care homes charging for rooms after residents die, watchdog finds image
Source : Guardian [Read Article] Monday 17th of April 2017 01:09:18 PM
....Many care homes charge the relatives of a deceased resident for a week so there is time to clear their belongings, but the CMA was told in submissions that families were being charged fees for “extended periods” after their relative’s room had been cleared. The CMA launched its investigation before Christmas, and is scheduled to deliver its interim report by 1 June. ...
Libor rigging: chancellor urged inquiry into Bank of England allegations image
....BBC1’s Panorama programme said it had obtained a recording of a 2008 call between two bankers at Barclays in which the more senior person said the government and Bank of England were exerting pressure on it to lower the rate it offered for Libor. The BBC said its investigations added to evidence that the Bank of England had put pressure on commercial banks to push their Libor rates down and that the transcript of the phone conversation at Barclays called into question evidence to the Treasury select committee given in 2012 by the former Barclays boss Bob Diamond and Paul Tucker, former deputy governor of the Bank of England. ...
Diesel car owners may be paid to trade in under new UK air quality plans image
Source : Guardian [Read Article] Saturday 15th of April 2017 11:49:17 PM
....Experts have been growing increasingly concerned about the impact of diesel fuel on nitrogen oxide levels, with worries heightened by the Volkswagen scandal, when it emerged that cars emitted more toxic fumes on the road than had been apparent in laboratory tests. A subsequent Department for Transport investigation found that 37 top-selling diesel cars exceeded the legal limit required for laboratory pollution tests when driven for 90 minutes on normal roads. ...
Tenant charged £835 … to scribble a new name on a contract image
Source : Guardian [Read Article] Saturday 15th of April 2017 06:00:17 AM
.... It said it would cut the fee to £210 in total. Winkworth’s head office said it is conducting an investigation, saying “we expect all of our offices to charge fees that are reasonable and consistent”, while admitting that the Herne Hill branch’s fee “is not in line with other local offices’ rates for the same work”. ...
White van nation: meet the drivers behind the on-demand economy image
Source : Guardian [Read Article] Saturday 15th of April 2017 06:00:17 AM
.... DPD made the news recently after claims its drivers were charged £150 a day if they could not find their own sick cover. The “horror film” that so unnerved Lucas, a BBC Inside Out investigation, reported findings that drivers delivering Amazon packages were paid well below the minimum wage, once the various costs and fees that fell to them were factored in – sometimes as little as £2. ...
Brazil graft probe focuses on World Cup football stadiums image
Source : BBC [Read Article] Saturday 15th of April 2017 12:34:38 AM
.... . Countries across the continent have opened investigations into alleged bribery conducted by Odebrecht to win large infrastructure projects. ...
Labour plans clampdown on 'sweetheart deals' to close £36bn tax gap image
Source : Guardian [Read Article] Friday 14th of April 2017 11:01:09 PM
....Successive governments, including Theresa May’s administration, have pledged to crack down on multinational companies gaming the international tax system to pay less tax. But accusations persist that some multinationals have been allowed to arrange so-called “sweetheart” deals with firms, including Google, Vodafone and Starbucks, to pay nominal sums to settle investigations into allegations of years of tax avoidance. ...
Airbnb account hijackers burgle homes image
Source : BBC [Read Article] Thursday 13th of April 2017 08:02:11 PM
. Airbnb is improving the security of its app and website after a BBC investigation found people’s homes had been burgled by scammers using stolen accounts. ...
Uber allegedly used secret program to undermine rival Lyft image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:10:45 PM
....But as the war has died down, Uber has still had to deal with other crises. It is currently in the midst of a sexual harassment investigation prompted by a blogpost from a former employee, even while it continues to fight regulators when it expands into new cities and services. ...
Ticket resale companies subject of global investigation by consumer groups image
. A global coalition of Australian, British and New Zealand consumer groups is launching an international investigation to gather information about the burgeoning ticket resale market. ...
US senator presses Deutsche Bank for details of Trump loans image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:29:14 PM
.... The bank has also extended another $950m to a venture in which Trump owns a 30% stake, the Wall Street Journal reported in January. Van Hollen, who sits on the Senate banking committee, said he had “great concern” about possible conflicts of interest between Deutsche and Trump and questions about whether the bank’s role as the president’s largest creditor could influence multiple ongoing investigations into the German bank. ...
Uber's head of communications quits scandal-hit cab app image
Source : Guardian [Read Article] Wednesday 12th of April 2017 08:49:11 AM
....Her departure comes after a string of scandals for Uber, ignited by a tell-all blogpost from a former employee alleging numerous sexual harassment incidents. The company responded by setting up an “urgent investigation” into the claims, but could not stop the tide of bad press: a few weeks later, chief executive, Travis Kalanick, was caught on video in a fiery argument with one of his own drivers over exploitation; one of his former partners told of a trip with senior employees to a Korean “escort/karaoke bar”; and other employees revealed how the company’s “hustle-oriented” culture became a black mark when they looked for work elsewhere. ...
Sports Direct workers' representative faces 'uphill struggle' – union image
Source : Guardian [Read Article] Wednesday 12th of April 2017 08:37:03 AM
....The appointment of Alex Balacki, 30, follows a tumultuous 16 months for the retailer. This included its billionaire founder, Mike Ashley, being hauled before MPs to be questioned over “Victorian” working conditions at the company’s warehouse, following a Guardian investigation that exposed how workers at the depot were being paid less than the legal minimum wage. ...
Tesco shares tumble despite first UK growth in seven years image
Source : Guardian [Read Article] Wednesday 12th of April 2017 06:26:58 AM
....Tesco is now close to drawing a line under the accounting scandal. It has agreed to pay a fine of £129m to settle the Serious Fraud Office investigation and has also struck an £85m deal with the Financial Conduct Authority to compensate affected shareholders. ...
Asda reignites row over 'farm' brands by relaunching value range image
Source : Guardian [Read Article] Wednesday 12th of April 2017 05:30:26 AM
....”. In July the NFU referred Tesco’s “fake farm” branding to national trading standards for investigation, but the complicated regulatory structure meant it had to be dealt with by a local trading standards office in Hertfordshire because of Tesco’s head office being in Welwyn Garden City. ...
Donald Trump’s tax holiday 'would help top US companies save $300bn' image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:00:25 AM
....Apple holds more than $200bn offshore, and was last year accused of tax avoidance by the European commission and ordered to pay €13bn (£11bn) in back taxes. Apple’s chief executive, Tim Cook, denied the charges and dismissed the EC investigation as “political crap”. ...
JD Sports' profits boosted by fashion for fitness wear image
Source : BBC [Read Article] Tuesday 11th of April 2017 07:22:03 AM
.... . A Channel 4 undercover investigation in December quoted workers saying conditions at its Kingsway distribution centre in Rochdale were "worse than a prison". ...
Under-fire Barclays chief is probably guilty of behaving like a chump image
Source : Guardian [Read Article] Monday 10th of April 2017 11:01:12 PM
....We know that Barclays chief executive Jes Staley committed a “serious offence” when he tried to unmask a whistleblower, and that the poor thing will now have to get by on just his basic salary of nearly £10,000 a day when his bonus is slashed as punishment. What we don’t know is if the Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority will go further once their investigations are concluded. ...
BBC to air recording that implicates Bank of England in Libor scandal image
Source : Guardian [Read Article] Monday 10th of April 2017 06:45:56 PM
....Revelations that the rate was rigged at the height of the financial crisis have led to banks being fined hundreds of millions of pounds from a variety of regulators, while bankers from Barclays and UBS have been jailed. The BBC said its investigations added to evidence the Bank of England had pressured commercial banks to push their Libor rates down and that the transcript of the phone conversation at Barclays called into question evidence to the Treasury select committee in 2012 by the former Barclays boss Bob Diamond and Paul Tucker, former deputy governor of the Bank of England. ...
High court approves £129m fine for Tesco over accounting scandal image
Source : Guardian [Read Article] Monday 10th of April 2017 06:18:16 PM
....Sir Brian Leveson approved the so-called deferred prosecution agreement (DPA) at a hearing on Monday. Reporting restrictions mean the reason for Leveson’s judgment and details about the SFO’s investigation cannot be published. ...
Wells Fargo claws back another $75m from former bosses image
Source : BBC [Read Article] Monday 10th of April 2017 04:30:05 PM
.... . Lawyers for Ms Tolstedt, who declined to be interviewed for the investigation, rejected the report's findings. ...
Wells Fargo takes back $75m from ex-executives after fake accounts scandal image
.... The scandal also resulted in the abrupt retirement last October of longtime CEO John Stumpf, not long after he underwent blistering questioning from congressional panels. The bank remains under investigation in several states, as well as by the Securities and Exchange Commission, for its practices. ...
FTSE 250 sets record closing high image
Source : BBC [Read Article] Monday 10th of April 2017 07:46:23 AM
....Tesco rose 2. 4% after a court approved a deal between Britain's biggest supermarket chain and the Serious Fraud Office to settle an investigation over a 2014 accounting fraud. ...
City regulators investigate Barclays boss Jes Staley image
Source : BBC [Read Article] Monday 10th of April 2017 06:32:38 AM
. Jes Staley, the chief executive of Barclays, could lose his annual bonus after two regulators opened an investigation into his conduct in a whistleblowing case. ...
Abbot Point coal port spill causes 'massive contamination' of Queensland wetland image
....A vast swathe of the Caley Valley wetlands has been blackened by coal-laden water released from nearby Abbot Point port after Debbie’s torrential rains inundated its coal storage facilities last month. Satellite imagery of the coal spill last week prompted an investigation by the Queensland Department of Environment and Heritage Protection (EHP), which said the port operator appeared to have acted in line with a temporary licence to release the excess water. ...
Libor: Bank of England implicated in secret recording image
Source : BBC [Read Article] Sunday 9th of April 2017 11:01:47 PM
.... . "Nonetheless, the Bank of England has been assisting the SFO's criminal investigations into Libor manipulation by employees at commercial banks and brokers by providing, on a voluntary basis, documents and records requested by the SFO. ...
Tesco to report a return to financial health image
Source : Guardian [Read Article] Sunday 9th of April 2017 04:14:41 PM
Rupert Murdoch's Sky takeover approved by European regulator image
Source : Guardian [Read Article] Friday 7th of April 2017 04:07:03 PM
....The European commission, which has been investigating 21st Century Fox’s takeover bid since early March, has given the deal “unconditional approval”. “Based on the results of its market investigation, the Commission concluded that the proposed transaction would raise no competition concerns,” it said. ...
My week as an Uber courier: my bike got stolen, but I kept my five-star rating image
.... A committee of MPs last week criticised Uber for creating “gibberish” and “almost unintelligible” contracts to ensure that its drivers remained self-employed. Frank Field, chair of the work and pensions select committee in the UK, which is carrying out an investigation into the sector, published full details of contracts at Uber, the takeaway courier firm Deliveroo and Amazon. ...
Sky's 21st Century Fox takeover cleared by Europe image
Source : BBC [Read Article] Friday 7th of April 2017 02:37:06 PM
....Last month she told MPs that Ofcom, the media watchdog, and the Competition and Markets Authority, would report to her by 16 May. Part of Ofcom's investigation will include whether Sky's potential new owners are "fit and proper". ...
WARNING: Free bank accounts to END, warns IMF in yet ANOTHER blow to hard-working Britons image
....If growth and rates continues to stay relatively low, banks are likely to change product fees, predicted the fund. In an investigation on a continued low interest rate global economy the IMF said: “Banking in advanced economies may evolve toward provision of fee-based and utility services. ...
Lloyds to pay £100m fraud compensation image
Source : BBC [Read Article] Friday 7th of April 2017 08:40:13 AM
....In addition, Lloyds will appoint an independent lawyer to determine whether the bank investigated the crime properly at the time. The FCA said it would resume an investigation into the fraud, which it suspended in 2013, pending an enquiry by Thames Valley Police. ...
Lloyds expects payouts to HBOS fraud victims to total £100m image
Source : Guardian [Read Article] Friday 7th of April 2017 08:16:49 AM
....This includes providing interim payments on a case-by-case basis to help those in day-to-day financial difficulty as a result of the fraud, covering “reasonable” fees for professional advice to customers and writing off remaining business and personal debts owed to Lloyds, and not pursuing repayment. Last month Lloyds recruited Prof Russel Griggs to spearhead an investigation into whether it should compensate customers who became victims of fraud at the hands of former HBOS staff in Reading. ...
Self-driving cars will only work when we accept autonomy is a myth image
Source : Guardian [Read Article] Friday 7th of April 2017 08:00:05 AM
.... For self-driving cars to really work, they need to become interdependent. We need standards for accident investigation, data sharing and communications between vehicles and infrastructure such as roads and traffic signals. ...
Competition watchdog to examine warranties for new homes image
Source : Guardian [Read Article] Friday 7th of April 2017 06:30:36 AM
.... However, the CMA said it was launching the review following a request from NHBC and that it would not consider the “wider issues” relating to the organisation. Nonetheless, the CMA has sent a substantial list of questions about warranties to leading figures in the sector as part of its investigation. ...
Answerphone hackers rack up £5,000 in calls – all charged to us image
Source : Guardian [Read Article] Friday 7th of April 2017 06:00:02 AM
....”. The telecoms ombudsman says it has seen a “steady trickle” of similar complaints and, during its investigations, it examines whether the service provider – in your case Chaser – could be liable. ...
Vaping shops selling to non-smokers image
Source : BBC [Read Article] Friday 7th of April 2017 03:46:49 AM
. Almost nine in 10 e-cigarette shops in the UK are selling vaping products to non-smokers against the industry's code of conduct, an investigation reveals. ...
£100MILLION - that's how much Lloyds expects to pay out in fraud compensation image
....This includes providing interim payments on a case-by-case basis to help those in day-to-day financial difficulty as a result of the fraud, covering "reasonable" fees for professional advice to customers and writing off remaining business and personal debts owed to Lloyds and not pursuing repayment. Last month Lloyds recruited Professor Russel Griggs to spearhead an investigation into whether it should compensate customers who became victims of fraud at the hands of former HBOS staff in Reading. ...
Two Barclays traders found not guilty in Libor retrial image
Source : BBC [Read Article] Thursday 6th of April 2017 10:12:09 AM
.... . It has also charged five men and one woman with conspiracy to defraud in connection with an investigation into the setting of Euribor, a Brussels-based euro benchmark. ...
Uber contract 'gibberish', says MP investigating gig economy image
Source : Guardian [Read Article] Thursday 6th of April 2017 06:01:33 AM
....A committee of MPs has lambasted Uber’s contracts with drivers as “gibberish” and “almost unintelligible” as the company attempts to ensure its drivers remain self-employed. Frank Field, chair of the work and pensions select committee that is carrying out an investigation into the so-called gig economy, said: “Quite frankly the Uber contract is gibberish. ...
Criminal gangs use UK ports to defraud EU customs image
Source : BBC [Read Article] Wednesday 5th of April 2017 07:02:51 PM
....As a result it planned to challenge them, he added. Ernesto Bianchi, investigations director for OLAF, said: "In the last year we have seen a concentration of the fraud pattern and we have calculated that roughly 79. ...
Speedboat among £5.1m of assets seized in tax fraud investigation image
Source : Guardian [Read Article] Wednesday 5th of April 2017 06:53:57 PM
....1m) worth of assets – including luxury cars, a speedboat and properties – from an Anglo-Dutch couple accused of running a multinational tax avoidance scheme. Dozens of officers raided the couple’s homes in Macclesfield, the Netherlands and Austria in a complex international tax fraud investigation. ...
Thousands of Tesco jobs at risk under plan to axe some night shifts image
Source : Guardian [Read Article] Wednesday 5th of April 2017 04:55:52 PM
.... But the discovery of accounting irregularities forced him to embark on an overhaul of the business, including the disposal of its South Korean chain Homeplus for £4bn. Last week Tesco agreed to pay £235m to settle investigations by the Serious Fraud Office (SFO) and Financial Conduct Authority into the accounting scandal. ...
Bookmakers' software under scrutiny image
Source : BBC [Read Article] Wednesday 5th of April 2017 02:32:06 PM
....". Garreth Cameron, from the Information Commissioner's Office, said the investigation was continuing: "Our enquiries will focus on looking at whether the companies in question have been very clear, very transparent about their use of these technologies. ...
RBS plan faces European Commission investigation image
Source : BBC [Read Article] Tuesday 4th of April 2017 03:42:35 PM
. Plans for the Royal Bank of Scotland (RBS) are to be scrutinised in an "in-depth investigation" by the European Commission. ...
Spanish raids seize Assad uncle's assets in corruption inquiry image
Source : BBC [Read Article] Tuesday 4th of April 2017 10:56:12 AM
. Spain has ordered properties to be seized and bank accounts frozen in a money laundering investigation linked to the family of Rifaat al-Assad. ...
Wildlife travel agent drops zoo trips image
Source : BBC [Read Article] Monday 3rd of April 2017 11:58:11 AM
....The decision to weed out trips to traditional zoos was welcomed by a wildlife charity, the Born Free Foundation. "[Our] investigations have, over the years, demonstrated that few animal species can adapt to a lifetime in captivity, with many individual animals developing abnormal behaviour, not seen in their wild counterparts, in order to cope with captivity's restrictive and often barren environments," said the president of Born Free, Will Travers. ...
Putin's illiberal stagnation in Russia offers up a valuable lesson | Joseph Stiglitz image
....There is every reason to believe such intrusions will continue. Given Donald Trump’s deep ties with unsavoury Russian characters (themselves closely linked to Putin), Americans are deeply concerned about potential Russian influences in the US – matters that may be clarified by ongoing investigations. ...
Credit card interest 'could be waived' for longstanding debt image
Source : BBC [Read Article] Monday 3rd of April 2017 06:53:47 AM
....The 34-year-old, who got his first credit card at the age of 18, said it was his "own stupidity" that gave him confidence to transfer his growing debts between different cards. "I was getting tens of thousands of pounds of [credit limit] increases without any real investigation into what I was doing and how my repayments were working out," he said. ...
Sir Philip 'favoured' Arcadia pension schemes over BHS image
Source : BBC [Read Article] Sunday 2nd of April 2017 07:20:55 PM
....It was bought for £1 by Dominic Chappell, a former bankrupt with little experience in retailing, and went into administration a year later. There followed a lengthy and often rancorous investigation by the Work and Pensions Committee into the handling of the BHS pension fund. ...
Serious Fraud Office boss warns big names to play ball – or else image
Source : Guardian [Read Article] Saturday 1st of April 2017 03:00:28 PM
....The Barclays case is particularly high-profile, involving not one of the biggest banks in the world and a key plank of the UK economy, but also Qatar, a major investor in Britain that only last week committed to investing £5bn here – a move viewed as a significant vote of confidence in the wake of the Brexit vote. The SFO’s investigation centres on whether £2bn that Barclays lent to Qatar was then returned to the bank as part of the £7. ...
Ofcom must block Murdoch's Sky takeover, Miliband and Cable say image
Source : Guardian [Read Article] Friday 31st of March 2017 02:48:08 PM
....”. During its investigation following Murdoch’s previous attempt to take over Sky in 2010, Ofcom found that Sky remained a “fit and proper” owner of a broadcast licence despite the phone-hacking scandal that embroiled the now-defunct News Corporation, then parent of Fox and Murdoch’s UK newspapers. ...
Retirement villages face crackdown on 'unfair' fees image
Source : BBC [Read Article] Friday 31st of March 2017 10:48:05 AM
....Homeowners living in retirement villages face unfair charges of thousands of pounds each, the Law Commission has found. After a two-year investigation the Commission said there was "real potential for abuse" in the charging of event or transfer fees. ...
Jewellery and cars seized as Dutch trigger multi-country tax raids image
....The Dutch government has passed information to the other countries about more than 50,000 suspect accounts at the bank. UK authorities said the investigation was also targeting senior bank employees. ...
Credit Suisse embroiled in major global tax evasion investigation image
Source : Guardian [Read Article] Friday 31st of March 2017 08:17:57 AM
....Switzerland’s second largest bank, Credit Suisse, is at the centre of an international tax evasion case involving 55,000 suspect accounts and the seizure of millions of euros in cash, gold, jewellery, real estate and paintings. In a fresh blow to Switzerland’s attempts to clean up its reputation for banking secrecy and tax evasion, the Netherlands is leading a coalition of five tax authorities conducting a criminal investigation into undeclared “black” accounts and money laundering. ...
Energy price cap would damage competition, says SSE boss image
Source : Guardian [Read Article] Thursday 30th of March 2017 12:51:29 PM
....The boss of one of Britain’s biggest energy companies has hit out at the prospect of a price cap on bills after Theresa May promised to step in to fix a market that is “manifestly not working for all consumers”. Alistair Phillips-Davies, chief executive of SSE, said that it was disappointing that the retail energy market was still facing intervention having just undergone an 18-month investigation by the competition watchdog. ...
Crackdown on contactless card security flaw welcomed by MPs image
Source : Guardian [Read Article] Thursday 30th of March 2017 09:13:12 AM
....In a letter to the Treasury select committee, published on Thursday, the Financial Conduct Authority (FCA) said consumer losses on contactless payments were relatively small but in some circumstances cards could be used by a fraudster several months after it had been cancelled. A Guardian investigation in 2015 revealed that banks do not automatically check contactless payments, allowing thieves to continue to use stolen cards after they have been cancelled. ...
US bank Wells Fargo agrees $110m lawsuit settlement image
Source : BBC [Read Article] Wednesday 29th of March 2017 12:09:51 AM
...."We want to ensure that each customer impacted by our sales practices issue has every opportunity for remediation, and this agreement presents an additional option," he added. Last September's fine was imposed on Wells Fargo by the US Consumer Financial Protection Bureau (CSFB), following an investigation into the bank's sales practices. ...

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