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. Advertisers will pull hundreds of millions of pounds in spending from Google and Facebook this year over concerns about ads running next to inappropriate content such as extremist sites and fake news. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 06:14:48 AM
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....The UK’s largest mutual, which owns supermarkets and funeral homes, has a 20% stake in the bank, which put itself up for sale in February in a search for £750m of extra funding. But under a proposal being discussed by the bank’s controlling hedge fund shareholders, this stake could drop towards zero unless the group decides to pump millions of pounds into the loss-making bank. ... [Read full article on Guardian ]
Monday 19th of June 2017 05:30:31 PM
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.... “Why change a system that has worked well for 25 years for both poor farmers and large supermarkets?” asked one. Had not the supermarket reaped tens of millions of pounds’ profit and huge moral kudos by pioneering Fairtrade and inviting customers to pay a bit more for their produce?. ... [Read full article on Guardian ]
Saturday 24th of June 2017 11:02:13 PM
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Latest Finance News related to Millions Of Pounds

UK supermarkets’ move threatens to bring Fairtrade crashing down image
Source : Guardian [Read Article] Saturday 24th of June 2017 11:02:13 PM
.... “Why change a system that has worked well for 25 years for both poor farmers and large supermarkets?” asked one. Had not the supermarket reaped tens of millions of pounds’ profit and huge moral kudos by pioneering Fairtrade and inviting customers to pay a bit more for their produce?. ...
Google and Facebook 'will lose millions in ads over extremism fears' image
Source : Guardian [Read Article] Thursday 22nd of June 2017 06:14:48 AM
. Advertisers will pull hundreds of millions of pounds in spending from Google and Facebook this year over concerns about ads running next to inappropriate content such as extremist sites and fake news. ...
Co-op Bank in advanced talks to secure hundreds of millions for rescue image
....The UK’s largest mutual, which owns supermarkets and funeral homes, has a 20% stake in the bank, which put itself up for sale in February in a search for £750m of extra funding. But under a proposal being discussed by the bank’s controlling hedge fund shareholders, this stake could drop towards zero unless the group decides to pump millions of pounds into the loss-making bank. ...
Fred Goodwin escapes high court appearance as RBS settles lawsuit image
Source : Guardian [Read Article] Tuesday 6th of June 2017 11:50:13 AM
.... Last week they met the RBS chief executive, Ross McEwan, in an effort to persuade him to increase the offer, which was already double the previous settlements. Neil Mitchell, a businessman involved in a separate business legal suit against RBS, said he had met funders in the Lanesborough Hotel in London on Monday evening in an attempt to secure the millions of pounds needed to keep the case alive. ...
London attack: Tech firms fight back in extremism row image
Source : BBC [Read Article] Sunday 4th of June 2017 03:05:46 PM
....Prime Minister Theresa May called for areas of the internet to be closed because tech giants had provided a "safe space" for terrorist ideology. But Google said it had already spent hundreds of millions of pounds on tackling the problem. ...
Feeding the kitty image
Source : BBC [Read Article] Wednesday 31st of May 2017 12:01:02 AM
.... It will be their first visit since 2005, in what should be a mouth-watering series of clashes. Each Lions tour generates millions of pounds in turnover, with revenues pouring in from major sponsorship deals, tourism and other events such as high-profile gala dinners. ...
BA to take 'some days' to clear baggage backlog image
Source : BBC [Read Article] Monday 29th of May 2017 11:17:43 PM
....The focus is now likely to shift towards the financial impact on the airline. BA is liable to reimburse thousands of passengers for refreshments and hotel expenses, and travel industry commentators said the cost to the company - part of Europe's largest airline group IAG - could run into tens of millions of pounds. ...
BA - what are my rights?  image
Source : BBC [Read Article] Monday 29th of May 2017 02:03:20 PM
. BA faces paying out millions of pounds in compensation after the failure of its computer systems led to long delays and cancellations over the weekend. ...
BA boss 'won't resign' over flight chaos image
Source : BBC [Read Article] Monday 29th of May 2017 12:33:23 PM
.... . BA is liable to reimburse thousands of passengers for refreshments and hotel expenses, and travel industry commentators have suggested the cost to the company - part of Europe's largest airline group IAG - could run into tens of millions of pounds. ...
British Airways flight chaos lessens after weekend of disruption image
....". BA is liable to reimburse thousands of passengers for refreshments and hotel expenses, and travel industry commentators have suggested the cost to the company - part of Europe's largest airline group IAG - could run into tens of millions of pounds. ...
Edinburgh Woollen Mill acquires Jaeger brand in plan for new chain image
Source : Guardian [Read Article] Sunday 28th of May 2017 04:46:27 PM
....Administrators have closed at least 20 of its 46 stores, making more than 200 staff redundant, and they remain in charge of the core business and its remaining staff. A group of suppliers owed millions of pounds is considering taking legal action against its former owners. ...
Jaeger suppliers owed millions consider legal action against ex-owners image
. A group of suppliers owed millions of pounds by the collapsed fashion retailer Jaeger is considering taking legal action against its former owners. ...
Workers 'suffer £200 pay cut' to fund pension deficits image
Source : BBC [Read Article] Monday 22nd of May 2017 07:16:46 AM
. Workers may be suffering from lower pay as a result of their employers spending millions of pounds to keep their pension schemes afloat. ...
Remote air traffic control preparing for takeoff at London City airport image
....Any security fears are dismissed by Mike Stoller, Nats operations director for airports, who said this system is no more hackable than current aircraft control: much of Britain’s airspace outside airports is already managed remotely from Swanwick. Typically, the cost of constructing a traditional aircraft tower – in the tens of millions of pounds – as well as staffing it could be potentially prohibitive for smaller airfields. ...
Affordable art image
Source : BBC [Read Article] Tuesday 16th of May 2017 11:00:59 PM
Ex-BHS owner Dominic Chappell could be pursued by Sir Philip Green for millions image
. Dominic Chappell, the former owner of BHS, could be pursued for millions of pounds owed to Philip Green’s business empire as well as to creditors of the now collapsed department store. ...
Britain's booming pension funds see retirement income surge by 12 per cent  image
Source : Daily Express [Read Article] Thursday 11th of May 2017 04:32:00 PM
....This has helped see the average pension fund deliver a return of four per cent in the first three months of this, year with 95 per cent of funds delivering positive growth. Some six per cent of the funds, which hold millions of pounds of Britons' pension savings, have seen double-digit growth. ...
Noel Edmonds demands £73m compensation over HBOS fraud image
Source : Guardian [Read Article] Wednesday 10th of May 2017 10:12:13 AM
.... Among them was the former HBOS banker Mark Dobson, who was sentenced to four-and-a-half years in prison and is referred to in the letter sent to Horta-Osório by Edmonds’ lawyer Jonathan Coad at Keystone Law. The letter said: “These individuals were fraudsters whose corrupt activities also resulted in losses to my client of tens of millions of pounds, along with his suffering deep distress and public humiliation. ...
British Gas owner warns Tory energy price cap could push up prices image
....”. Conn also raised the spectre of accelerating the company’s cost-cutting plan to cope with the hundreds of millions of pounds staff analysts predict a price cap will cost Centrica. ...
Pearson shareholders reject chief executive's £1.5m pay package image
Source : Guardian [Read Article] Friday 5th of May 2017 01:32:23 PM
....One investor at Pearson’s annual meeting accused the board of being “asleep on the job” and said the remuneration strategy had “manifestly failed and has been paying for failure”. “We do not need millions of pounds paid for shoddy performance such as we have seen at this company,” he said. ...
Accounting watchdog to investigate KPMG over Rolls-Royce audit image
Source : Guardian [Read Article] Thursday 4th of May 2017 07:22:01 AM
....”. Rolls-Royce apologised at the high court in January after it was found to have paid bribes including a luxury car and millions of pounds’ worth of cash to middlemen to secure orders in Indonesia, Russia, China, Thailand, India and Nigeria. ...
MPs' report on FOBTs found to breach parliamentary standards image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 05:51:21 PM
.... Casinos and amusement arcades have lined up on the side of campaigners who say the machines stoke problem gambling and allow excessively high stakes. The ABB has said there is no evidence to suggest that FOBTs fuel problem gambling and argues that thousands of jobs would be lost, as well as millions of pounds due to the Treasury, if they are reined in. ...
Bankruptcy risk as ‘desperate’ councils play the property market image
Source : Guardian [Read Article] Saturday 29th of April 2017 10:10:17 PM
.... This, in turn, has attracted interest from other councils. But such copycat behaviour is a concern, according to Cable, who drew comparisons with 2008, when many councils were left exposed after depositing millions of pounds in high-interest rate accounts offered by Icelandic banks, which then went bust. ...
How to find the best personal loan without damaging your credit rating image
Source : Guardian [Read Article] Saturday 22nd of April 2017 06:00:06 AM
. Underhand tactics by leading personal loan providers are costing Britons hundreds of millions of pounds a year, it was claimed this week. ...
Tata Steel offers £520m pensions payment in bid to secure future image
Source : Guardian [Read Article] Thursday 20th of April 2017 05:14:48 PM
.... This would lead to workers suffering a 10% cut to their benefits but can only happen if Tata Steel persuades the regulator that it is on the brink of insolvency and cannot continue to support the pension scheme. Tata will also have to provide hundreds of millions of pounds to help fund the scheme and the PPF can demand a stake of up to 33% in Tata Steel UK so that it benefits from the future success of the business. ...
Libor rigging: chancellor urged inquiry into Bank of England allegations image
....Libor is used as a reference point around the world for loans and mortgages and is set each day by a panel of leading banks, with each one submitting the rates at which it is willing to borrow. 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. ...
Judges reject US banker's claim to be a genius in divorce case image
Source : Guardian [Read Article] Tuesday 11th of April 2017 01:07:22 PM
....5bn fortune. Holman had ruled that although Work was an “astute businessman”, Gray was a “highly intelligent” woman who had given up her career to follow her husband to Tokyo, where he made hundreds of millions of pounds exploiting the Japanese financial crisis. ...
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
....Libor is used as a reference point around the world for loans and mortgages and is set each day by a panel of leading banks, with each one submitting the rates at which it is willing to borrow. 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. ...
Lloyds to pay £100m fraud compensation image
Source : BBC [Read Article] Friday 7th of April 2017 08:40:13 AM
....Six people, two of whom had worked for Halifax Bank of Scotland (HBOS) - owned by Lloyds - were jailed in February. The court heard they stole hundreds of millions of pounds from small businesses who were their clients. ...
Competition watchdog to examine warranties for new homes image
Source : Guardian [Read Article] Friday 7th of April 2017 06:30:36 AM
.... These 22-year-old undertakings were designed to improve competition in the warranty market. The review was announced amid concerns that NHBC is compromising its independence by paying millions of pounds to developers every year. ...
Pension freedoms: Thousands of savers charged emergency tax – are YOU owed money back? image
.... "This might be because they don’t know they have paid too much tax or the process to reclaim it just seemed too complicated. "Whatever the reason, there is likely to be millions of pounds sat with HMRC that could be legitimately reclaimed. ...
Deliveroo accused of 'creating vocabulary' to avoid calling couriers employees image
....In a six-page document seen by the Guardian, Deliveroo says its couriers, who deliver takeaways, should always be referred to as “independent suppliers” – self-employed workers with few employment rights – rather than as employees, workers, staff or team members. The business models of gig-economy companies such as Deliveroo and taxi app Uber are based on using thousands of self-employed contractors rather than employees – a move that saves them millions of pounds in holiday pay, sick pay and tax. ...
No yolk: Cadbury and National Trust say Easter egg row is nonsense image
Source : Guardian [Read Article] Tuesday 4th of April 2017 05:15:40 PM
....Eggs at Easter are thought to have their origins in pagan rather Christian traditions. Now the consumption of chocolate is indelibly associated with Easter, and has become an industry worth hundreds of millions of pounds. ...
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
....Green pushed for DPAs to be introduced in the UK and then oversaw the first settlements in the UK. These have meant that high-profile investigations have resulted in companies paying out hundreds of millions of pounds, when previously the UK has struggled to prosecute firms. ...
Location, location, location – where will Channel 4 move to? image
Source : Guardian [Read Article] Saturday 1st of April 2017 02:59:28 PM
....The broadcaster is vehemently against the move, with chief executive David Abraham saying that it would be “highly damaging” to its business model. “In our estimation the costs of a full relocation would run into tens of millions of pounds that could otherwise be invested in creative businesses across the UK, and also risks distracting the organisation from its central purpose for years,” Abraham wrote in an email to staff. ...
Broadband users in line for millions in Ofcom compensation plan image
Source : Guardian [Read Article] Friday 24th of March 2017 09:31:46 AM
. Broadband and landline customers who suffer poor service could get millions of pounds of money back automatically under a scheme proposed by Ofcom. ...
Energy price cap implications ominous, former regulators say image
Source : BBC [Read Article] Thursday 23rd of March 2017 06:49:47 AM
.... . City analysts have estimated such a cap could knock hundreds of millions of pounds off the profits of the major suppliers. ...
Channel 4 chief executive David Abraham to stand down image
Source : Guardian [Read Article] Tuesday 14th of March 2017 03:30:33 PM
....Abraham has also had to deal with rebuilding the broadcaster, both financially and creatively, after the high-rating and hugely profitable Big Brother was axed just before his arrival. Channel 4 had come to rely on the show, which in its heyday hauled in audiences of up to 8 million and made tens of millions of pounds in profits, but the reality series had become too toxic to fit in with its public service remit. ...
Ivy restaurant spin-off accused of hogging service charge image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:08:46 PM
....”. However, Dave Turnbull, regional officer of Unite, which has led a long-running campaign against unfair handling of service charges and tips, said the Ivy Collection group could be saving millions of pounds a year by using the 12. ...
Why are Britain’s new homes built so badly? image
Source : Guardian [Read Article] Saturday 11th of March 2017 07:00:27 AM
.... NHBC says in about half of the homes where it provides warranty, building control is carried out by another body, usually the local authority. Questions have been raised over NHBC’s independence after it emerged that the organisation pays millions of pounds to housebuilders every year. ...
Budget: National Insurance rise criticised image
Source : BBC [Read Article] Wednesday 8th of March 2017 03:42:03 PM
....Matthew Taylor, head of the Royal Society of Arts, is due to produce a report on how the self-employed are taxed later this year. He has already said that the Treasury is missing out on millions of pounds, as a result of the workers who have been designated as self-employed. ...
Government abdicating responsibility for social care, say providers image
Source : Guardian [Read Article] Tuesday 7th of March 2017 07:00:36 AM
.... “What we will start to see is far less services at a time when we have got far more need,” he added. Despite the pressure on the sector, Green defended the large companies in the industry, such as private equity-owned Four Seasons, which have significant debts and are paying millions of pounds in interest ever year. ...
A Mini part's incredible journey shows how Brexit will hit the UK car industry image
....“The margins are slim for OEMs [original equipment manufacturer] – 5% to 10%. If you add a 10% tariff you could charge the customer more – which is unlikely – or you look at it very quickly and say ‘It’s going to to cost us hundreds of millions of pounds a year or the cost of a new plant is £800m to £1bn, so let’s move manufacturing’. ...
REVEALED: Winners and losers of Bank of England's money-printing programme  image
Source : Daily Express [Read Article] Thursday 2nd of March 2017 04:57:00 PM
....Policymakers slashed interest rates to 0. 5 per cent and injected hundreds of millions of pounds into the economy through Quantitative Easing in 2009. ...
Dominic Chappell to fight legal action forcing him to pay BHS pensions image
Source : Guardian [Read Article] Wednesday 1st of March 2017 06:44:02 PM
. Dominic Chappell, the last owner of BHS, has pledged to fight legal action by the Pensions Regulator designed to force him to pay millions of pounds into the failed retailer’s pension scheme, saying the black hole in the scheme was not his fault. ...
Car insurance: Chancellor moves to ease insurers' fears image
Source : BBC [Read Article] Tuesday 28th of February 2017 09:11:23 PM
....By the time inflation is taken into account, real returns on such bonds have become negative. The reaction of the insurance industry has been overwhelmingly negative, with some insurers saying that profits would be hit by hundreds of millions of pounds. ...
Insurers shocked by reform to compensation payouts image
Source : BBC [Read Article] Monday 27th of February 2017 12:39:36 PM
.... . "Meanwhile insurance companies, which have saved millions of pounds in unpaid compensation, have been aware that a decision to change the discount rate has been on the cards for six years, since APIL first began judicial review proceedings on the issue. ...
NHS faces £1bn annual bill after 'reckless' change to injury payouts image
Source : Guardian [Read Article] Monday 27th of February 2017 10:45:09 AM
....David Johnson, a partner at law firm Weightmans, said the decision “will drastically increase the size of lump-sum payments across the scale of serious personal injury cases”. “For those who compensate these claims, the annual claims outlay will potentially increase by tens of millions of pounds as a result of this change. ...
Insurance premiums 'set to soar' after compensation changes image
Source : BBC [Read Article] Monday 27th of February 2017 09:21:10 AM
....The Ministry of Justice said it had no choice under the current law, and said it would consult on possible changes. Shares in insurance companies fell, with some saying that profits would be hit by millions of pounds. ...
Green Investment Bank: Australian bidder woos MPs as protests continue image
Source : Guardian [Read Article] Thursday 23rd of February 2017 10:33:25 AM
....Lord Barker, a former climate change minister, and Cable, a former business secretary, warned ministers this week that the taxpayer risked being shortchanged by the sale, as assets such as offshore windfarms under construction would be worth far more later. “It is clear that this could amount to a windfall of hundreds of millions of pounds to Macquarie, at the expense of the taxpayer,” they said in a letter to business secretary Greg Clark. ...
McLaren to create 200 jobs in Sheffield with new £50m plant image
Source : Guardian [Read Article] Wednesday 8th of February 2017 07:40:34 PM
.... Full production will begin at the site by 2020. The carmaker, whose sister company runs the McLaren Formula One team, has invested millions of pounds in the past few years to develop a British rival to Ferrari. ...
Directors of new homes warranty firm criticised for lack of independence image
Source : Guardian [Read Article] Monday 6th of February 2017 04:28:53 PM
.... Last month it was revealed that Bovis had paid the purchasers of new homes to move in early only for the buyers to find the property unfinished. The Guardian reported on Monday that NHBC is paying millions of pounds every year to Britain’s leading housebuilders. ...
New homes warranty firm pays millions to leading homebuilders image
Source : Guardian [Read Article] Sunday 5th of February 2017 05:26:47 PM
. The organisation that provides warranties for most of the new homes in Britain is paying millions of pounds to the leading housebuilders every year, raising questions about its independence and credibility amid a wave of complaints about the quality of new-build properties. ...
Rolls-Royce faces civil service inquiry over UK state funding image
Source : Guardian [Read Article] Sunday 5th of February 2017 03:29:06 PM
. Civil servants are carrying out an internal inquiry to establish whether the engineering giant Rolls-Royce fraudulently obtained financial support worth hundreds of millions of pounds from the government. ...
Voting for Brexit hasn’t saved us from secretive trade deals image
Source : Guardian [Read Article] Saturday 4th of February 2017 04:00:33 PM
.... Tobacco company Philip Morris was a keen exponent. Its legal suits in Australia, Uruguay and others against plain cigarette packaging caused an outcry and cost the respective governments millions of pounds in legal fees, even though it failed. ...
Drugs firms are accused of putting cancer patients at risk over price hikes image
Source : Guardian [Read Article] Saturday 28th of January 2017 02:54:55 PM
. Drug companies have been accused of profiteering by raising the prices of out-of-patent cancer medicines that cost just pence to make, inflating the bills of the cash-strapped NHS by hundreds of millions of pounds. ...
British Airways cabin crew to stage six-day walkout in pay dispute image
Source : Guardian [Read Article] Friday 27th of January 2017 05:03:28 PM
....Union reps from the mixed fleet urged the airline to engage in further talks to avert more action. In a letter, they wrote: “Your reluctance to offer a reasonable pay deal to our members, yet spend what we believe is now reaching millions of pounds in trying to quash strike action, suggests money is available and this is a question of ideology. ...
MPs question post-Brexit viability of May's industrial strategy image
Source : Guardian [Read Article] Monday 23rd of January 2017 03:45:43 PM
....Sectors will be expected to organise themselves to lobby for government support or law changes. An “industrial strategy challenge fund” will help distribute millions of pounds for research and development in areas such as smart energy and robotics. ...
Theresa May’s industrial plan signals shift to more state intervention image
Source : Guardian [Read Article] Monday 23rd of January 2017 12:28:07 AM
....“The modern industrial strategy … will be underpinned by a new approach to government, not just stepping back but stepping up to a new, active role that backs business and ensures more people in all corners of the country share in the benefits of its success,” May said. An “industrial strategy challenge fund” will help distribute millions of pounds for research and development in areas such as smart energy, robotics and artificial intelligence, and 5G mobile network technology. ...
Rolls-Royce apologises in court after settling bribery case image
Source : Guardian [Read Article] Tuesday 17th of January 2017 01:29:50 PM
. The engineering giant Rolls-Royce has apologised after it was found to have paid bribes including a luxury car and millions of pounds’ worth of cash to middlemen to secure orders in six countries, including Indonesia, Russia and China. ...
Save on tax: 10 ways to - legally - cut what you pay to HMRC  image
Source : Daily Express [Read Article] Sunday 8th of January 2017 04:33:00 PM
...."6. Use your capital gains tax allowance with your ISAIt's estimated millions of pounds in Capital Gains Tax (CGT) could be avoided by making the most of ISA allowances. ...
Could Next be the new M&S: profitable but terminally unexciting? image
Source : Guardian [Read Article] Saturday 7th of January 2017 04:00:23 PM
.... And even £40 is too high for Next boss Lord Wolfson, it would seem. In recent years he has bought back shares worth hundreds of millions of pounds; now he has chosen instead to pay special dividends – a move that suggests he still doesn’t think the shares are good value. ...
The couple who made Tiger roar … and millions of pounds in the process image
. Philip and Emma Bier made a life-changing amount of money this week by selling their stake in the Danish homewares retailer Tiger for millions of pounds. ...
How attempts to save BHS, and 11,000 jobs, were doomed by chaos and mistrust image
Source : Guardian [Read Article] Saturday 31st of December 2016 04:00:32 PM
.... These included Chappell using £1. 5m of BHS money to pay off the mortgage on his family home just as it was about to be repossessed; the sale of BHS’s warehouse to a friend of Chappell’s (with Retail Acquisitions taking a third of the proceeds); and a series of complex loans and property deals between Chappell, BHS and property company Allied Commercial Exporters, which made millions of pounds from the transactions. ...
Philip Green, Vibrac and Riverdance: the mystery of Everton’s ‘shadow investor’ image
....Switching his attention to ownership of football clubs, Chris Matheson, the MP for Chester and an Everton season ticket holder, asked Clarke if he had ever heard of Vibrac Corporation. Between 2011 and 2013 the company described by Bloomberg as a “closely held lender” based in the British Virgin Islands was allowed to make millions of pounds in loans to Everton, West Ham, Fulham, Reading and Southampton despite the mystery surrounding who actually owned the company. ...
Smell the difference image
Source : BBC [Read Article] Wednesday 28th of December 2016 11:12:09 PM
BHS workers swamp Charles Dickens charity with help requests image
Source : Guardian [Read Article] Tuesday 27th of December 2016 05:53:33 PM
....The collapse of BHS and the implications for its workers and pensioners has damaged the reputation of its former owner Sir Philip Green, who is being pursued by the Pensions Regulator to resolve the £571m hole in the bust retailer’s pension scheme. A postmortem into the BHS scandal by MPs concluded that Green had “systematically extracted hundreds of millions of pounds from BHS” and demands that he be stripped of his knighthood. ...
Rolls-Royce exploited US sanctions loopholes to trade with Iran image
Source : Guardian [Read Article] Wednesday 21st of December 2016 10:30:15 AM
....Rolls-Royce sold equipment to Iran for decades, a confidential company memo reveals, exploiting a series of loopholes in US sanctions to avoid breaking the law. The Iranian government amassed the world’s largest collection of the British engineering group’s signature turbine and booked millions of pounds of orders each year, according to a briefing drafted in 2009 for the company’s then chief executive, Sir John Rose. ...
RBS, Barclays and other banks fined in Swiss franc Libor case image
Source : Guardian [Read Article] Wednesday 21st of December 2016 08:41:42 AM
....The trio had chosen not to take part in an earlier settlement that included RBS and Barclays. The rate-rigging scandal has seen banks hit with hundreds of millions of pounds in fines from a variety of regulators, while bankers from Barclays and UBS have been jailed. ...
MPs poised to investigate VAT fraud on Amazon and eBay image
Source : Guardian [Read Article] Wednesday 21st of December 2016 12:01:02 AM
. An influential committee of MPs is poised to launch an investigation into Britain’s £1bn online shopping VAT fraud crisis after sellers on Amazon and eBay evaded hundreds of millions of pounds in tax in the run-up to Christmas. ...
Sir Philip Green could face £1bn BHS fine under MPs' plan image
Source : Guardian [Read Article] Wednesday 21st of December 2016 12:00:02 AM
.... The regulator has started legal proceedings against Green and Dominic Chappell, the former owners of BHS, in an attempt to fill the deficit. They collected millions of pounds from the retailer. ...
Airbnb UK tax history questioned as income passes through Ireland image
Source : Guardian [Read Article] Monday 19th of December 2016 07:01:13 AM
. Airbnb paid UK tax of £317,000 last year after its London company handled hundreds of millions of pounds in global rent payments which generated commissions for its Irish HQ. ...
Young, quick and very hip: Missguided and Pretty Little Thing hit the big time image
. There is a powerful new club in the north-west of England but its most bankable players are probably unfamiliar, despite raking in hundreds of millions of pounds a year from fans. ...
Bank scam victims left high and dry by regulator, says Which? image
Source : Guardian [Read Article] Friday 16th of December 2016 09:38:56 AM
.... However, while recognising that the industry is not doing enough, it has failed to adequately address the issue of liability and has let the banks off the hook, giving them little incentive to do more to protect their customers. “The outcome for people is unfortunately that they will continue to be scammed out of millions of pounds. ...
Banks told to combat payment scams image
Source : BBC [Read Article] Friday 16th of December 2016 08:25:01 AM
....The bank refused to cover the loss. "Tens of thousands of people have, combined, lost hundreds of millions of pounds to these scams," said Hannah Nixon, the PSR's managing director. ...
Drugs firms face fresh questions after Actavis accused of 12,000% price hike image
....The Pfizer case resulted in the NHS paying about £50m a year extra for its epilepsy medicine over the past four years, according to the CMA, while the Actavis increase cost about £70m extra annually. With other cases pending, it is possible that the cash-strapped NHS has been overcharged several hundreds of millions of pounds altogether over the past few years. ...

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