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.... They set the conditions in which this disaster played out. Government must urgently learn the lessons of the scandal at Learndirect, and act to ensure it never happens again. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 07:03:32 PM
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.... Earlier this year the Australian-born media mogul was ranked highest in a New York Times list of Trump’s top advisers outside the White House, someone the president speaks to “on the phone every week”. Fox News has remained loyal to Trump through scandal after scandal, although even some of its hosts have spoken out over the Charlottesville fallout. ... [Read full article on Guardian ]
Friday 18th of August 2017 03:04:46 AM
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. The emissions scandal ensnaring German carmakers is a risk to Europe’s largest economy, the finance ministry said on Monday. ... [Read full article on Guardian ]
Monday 21st of August 2017 03:37:43 AM
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....If 2016 was Rupert Murdoch’s summer of discontent, this could be the summer of his despair. It was a little more than a year ago that the Roger Ailes sexual harassment scandal erupted. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 10:00:36 AM
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Latest Finance News related to Scandal

Diesel scandal is a risk to German economy, says ministry image
Source : Guardian [Read Article] Monday 21st of August 2017 03:37:43 AM
. The emissions scandal ensnaring German carmakers is a risk to Europe’s largest economy, the finance ministry said on Monday. ...
'No good Nazis': James Murdoch criticises Trump over Charlottesville image
Source : Guardian [Read Article] Friday 18th of August 2017 03:04:46 AM
.... Earlier this year the Australian-born media mogul was ranked highest in a New York Times list of Trump’s top advisers outside the White House, someone the president speaks to “on the phone every week”. Fox News has remained loyal to Trump through scandal after scandal, although even some of its hosts have spoken out over the Charlottesville fallout. ...
Will 2017 be Rupert Murdoch's summer of despair? | Jill Abramson image
Source : Guardian [Read Article] Wednesday 16th of August 2017 10:00:36 AM
....If 2016 was Rupert Murdoch’s summer of discontent, this could be the summer of his despair. It was a little more than a year ago that the Roger Ailes sexual harassment scandal erupted. ...
Department for Education pulls all Learndirect contracts and funding image
Source : Guardian [Read Article] Tuesday 15th of August 2017 07:03:32 PM
.... They set the conditions in which this disaster played out. Government must urgently learn the lessons of the scandal at Learndirect, and act to ensure it never happens again. ...
Sainsbury’s is right to delay Nisa deal after Tesco-Booker concerns | Nils Pratley image
....Would a big UK or US bank have handled things more decisively? One likes to think so but remember that no senior heads rolled at HSBC after its own money-laundering episode in 2012. At Wells Fargo in the US, chief executive John Stumpf only departed after a scandal involving bogus accounts when he was humbled by a senate committee. ...
World's biggest banks face £264bn bill for poor conduct image
Source : Guardian [Read Article] Monday 14th of August 2017 05:28:32 PM
....RBS set aside extra provisions for fines and legal costs largely related to a forthcoming penalty from the US Department of Justice for mis-selling toxic bonds in the run-up to the financial crisis. That residential mortgage bond securitisation mis-selling scandal is responsible for £66bn of the costs incurred during the five-year period and the single largest factor, according to the foundation. ...
Telit Communications chief fired after fraud allegations image
Source : Guardian [Read Article] Monday 14th of August 2017 11:30:14 AM
.... He has been suspended since an emergency board meeting last Tuesday. Telit listed on the Aim market, which has been hit by several scandals, in 2005. ...
Angela Merkel rival takes aim at German car chiefs image
Source : Guardian [Read Article] Sunday 13th of August 2017 05:02:27 PM
....Martin Schulz, the main challenger to Chancellor Angela Merkel in Germany’s September election, has accused the country’s car industry executives of putting the sector at risk by failing to plan for the future. The future of the automotive sector, Germany’s biggest exporter and provider of about 800,000 jobs, has become a hot election issue as politicians blame executives and each other for the industry’s battered reputation following the emissions scandal. ...
Bell Pottinger faces hearing over claims it stirred racial tension in South Africa image
....Maimane had called on the PRCA to open the hearing to the public, but Bell Pottinger has invoked its right for the hearing to be held behind closed doors. Bell Pottinger’s role in the scandal, which was revealed in more than 100,000 leaked emails dubbed the GuptaLeaks, has thrown the PR company, founded in 1987, into crisis. ...
Fox’s chances of securing Sky depend on the football result image
Source : Guardian [Read Article] Sunday 13th of August 2017 05:59:06 AM
....Bradley has said she intends to call in the competition regulator to scrutinise media plurality issues (as the deal would see the Murdochs controlling UK assets ranging from Sky News to the Sun and Times newspapers), but has not made up her mind about whether to ask it to also look at broadcasting standards issues. Ofcom said it had found no grounds for asking the CMA to look at issues including the sexual harassment scandal at Fox News, but there are many opponents of the deal – including Ed Miliband, Vince Cable and campaign group Avaaz – and some have threatened legal action if the government does not launch a full investigation. ...
Battle for power at Uber as investor sues ex-CEO Travis Kalanick alleging fraud image
....The lawsuit makes clear that Benchmark blames Kalanick personally for the mess, which poses a serious danger to Uber’s ability to develop its own autonomous vehicle technology. The complaint also raises other scandals alleged to have involved Kalanick, including an executive’s mishandling of a rape victim’s medical files, a visit by executives to a South Korean escort bar, and Greyball, a program used by Uber to deceive local law enforcement agencies in areas where the ride-hail service was illegal. ...
Breakthrough in leasehold scandal, plus cash grabs by Student Loans Company image
....Hello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed. Breakthrough in leasehold scandal as Countryside buys back freeholds. ...
Contaminated eggs scare grows as UK supermarkets pull products image
Source : Guardian [Read Article] Thursday 10th of August 2017 12:38:40 PM
.... Belgium accused the Netherlands on Wednesday of failing to sound the alarm on discovering in November that fipronil was being used illegally in the keeping of chickens. “Now it is the moment to act in a decisive, coordinated and transparent manner, not to be engaging in any kind of blame game,” Rosario said, adding that the commission expected EU leaders to discuss how to learn lessons from the scandal at the next meeting of the European council. ...
Co-operative Bank sheds 25,000 current account customers but losses shrink image
Source : Guardian [Read Article] Thursday 10th of August 2017 08:25:02 AM
....9bn. The bank has sought a long-term solution over its future since 2013 when its financial weakness was exposed, and it was mired in scandal after its former chair Paul Flowers was convicted for drug offences. ...
Murdoch’s Sky takeover bid delayed as Ofcom is asked for further input image
....The submissions to the DCMS included the threat of legal action from a group of high-profile MPs including the former Labour leader and longtime Murdoch critic Ed Miliband, and Avaaz, the campaign group, if the government did not ask the CMA for a full investigation into the deal on the grounds of broadcasting standards. The MPs and Avaaz have criticised Ofcom for advising the government not to launch a broadcasting standards investigation despite a sexual harassment scandal at Fox News and the phone hacking scandal at the News of the World. ...
Breakthrough in leasehold scandal as Countryside buys back freeholds image
Source : Guardian [Read Article] Monday 7th of August 2017 03:58:18 PM
. Hopes of a breakthrough for householders trapped in the leasehold scandal are rising after a major developer agreed to buy back some freeholds and axe ground rent clauses. ...
The strange case of Fox News, Trump and the death of young Democrat Seth Rich image
.... For Fox News, it revives the charge made over many years that its owner, Rupert Murdoch, is prepared to be cavalier with journalistic ethics if it suits his political or corporate interests. It has also resurfaced memories of the phone-hacking of missing schoolgirl Milly Dowler by the News of the World, Murdoch’s UK tabloid flagship that was closed in the wake of the scandal. ...
Staff at Tesco-owned One Stop demand better redundancy deal image
Source : Guardian [Read Article] Sunday 6th of August 2017 01:10:10 PM
.... The exodus from the One Stop management team means that from now on Tesco executives will have more direct involvement in how it is run than ever before. Lewis, who took the helm of Tesco after the 2014 accounting scandal, has led a radical restructuring of the UK’s biggest retailer. ...
John Malone, the ‘swamp alligator’ chewing up the UK’s media market image
.... After a two-year standoff he used the stake as leverage in an asset swap that won him Murdoch’s controlling stake in DirecTV, the largest satellite business in the US. He had the chance to strike again in 2011 when a weakened Murdoch was forced to pull his $8bn bid to take full control of Sky as the phone-hacking scandal engulfed his UK newspaper business. ...
Martin Shkreli found guilty of fraud by jury in New York image
Source : Guardian [Read Article] Friday 4th of August 2017 06:56:43 PM
....” He reinforced his notoriety with a troll-like internet presence, especially towards female journalists and celebrities. But the drug pricing scandal is not the reason Shkreli was on trial. ...
How Britain fell out of love with the free market image
Source : Guardian [Read Article] Friday 4th of August 2017 05:00:34 AM
....”. But Miliband’s judicious, qualified critique of capitalism had to compete for political space with other, more primal forces unleashed or strengthened by the financial crisis: resentment of immigrants and the European Union; resentment of MPs after the expenses scandal, and of elites in general; and above all, Cameron’s appealingly simplistic austerity policies. ...
Leaseholds are not the problem – abuse of them is | Editorial image
Source : Guardian [Read Article] Thursday 3rd of August 2017 05:53:08 PM
.... By contrast, private finance initiatives and similar arrangements are designed primarily to make money for all the intermediaries in a set of parasitical financial relationships, all of which could have been structured just as well and more cheaply with leases. This scandal simply shows how normal it has become to expect to “earn” totally exploitative rewards, without risk or commensurate investment. ...
Carmakers accused of 'clutching at straws' over retrofitting polluting diesels image
....VW, Daimler, BMW and Opel made the decision at a summit with leading politicians in Berlin. They have been under pressure since the diesel emissions scandal two years ago exposed how VW and – it is suspected – other manufacturers have been cheating the testing regime. ...
We could end the buy-to-leave scandal – if the political will was there | Polly Toynbee image
. Empty property bought by investors to sit unused is a scandal the Guardian has exposed this week, finding 1,652 in the Grenfell borough of Kensington and Chelsea alone. ...
Millions of eggs removed from European shelves over toxicity fears image
Source : Guardian [Read Article] Thursday 3rd of August 2017 10:52:41 AM
.... They advised that eggs from at least 27 other farms should not be eaten by children. The extent of the scandal has since grown. ...
FTSE 100 chiefs earn 160 times the average wage, study reveals image
Source : Guardian [Read Article] Wednesday 2nd of August 2017 11:01:06 PM
.... This was up from £6m in 2015. Tim Roache, GMB general secretary, said: “We all know we live in a very unequal society – but these figures really bring home the scandalous gulf between rich and the rest. ...
HSBC shows what happens when a bank stops shooting itself in the foot | Nils Pratley image
....How has it happened? Trading conditions are gentle for most big banks, especially those that, like HSBC, are skewed toward Asia. But HSBC’s tale also shows what can happen when a big international bank stops shooting itself in the foot and avoids scandal. ...
ESSATI garage doors victim vows to fight warranty “con” image
Source : Daily Express [Read Article] Monday 31st of July 2017 05:15:00 PM
. The scandal of bust garage doors-company Essati and its rogue warranties, which have left scores of furious customers out of pocket, has now claimed another victim. ...
HSBC chief sounds alarm over financial regulation and Brexit image
Source : Guardian [Read Article] Monday 31st of July 2017 07:02:10 AM
....Among the ideas he endorsed was a mandatory register of beneficial ownership of corporate structures in every country. The City is focused on HSBC’s attempts to clean up its business after a series of scandals about the tax avoidance strategies used by its Swiss arm and the £1. ...
'No more brilliant jerks' – Arianna Huffington ushers in the new Uber image
.... In their in-tray will be a daunting array of problems and issues to resolve in the wake of Travis Kalanick’s high-profile departure last month. These include rehabilitating the company internally and externally as it recovers from scandals including the sexual harassment investigation that saw more than 20 people fired in June; video of Kalanick berating an Uber driver; and the company’s recent admission it had underpaid drivers in New York City by millions of dollars. ...
Saving Britain’s food supply: a manifesto to keep food on the table image
Source : Guardian [Read Article] Saturday 29th of July 2017 08:25:51 PM
.... If we are going to protect farmers from short-termism then the remit of the groceries code adjudicator should be extended to the entire food supply chain: ie whoever farmers sell their produce to and upwards from there − not from the supermarkets down. Even allowing for the horsemeat scandal (which affected the UK food supply chain more than any other), the EU has provided a strong regulatory system that has ensured safer food and higher animal welfare than elsewhere in the world. ...
Carmakers’ electric dreams depend on supplies of rare minerals image
Source : Guardian [Read Article] Saturday 29th of July 2017 03:00:00 PM
....”. Volkswagen, which had been slow to develop battery-powered vehicles, it is now pushing through an ambitious programme as it seeks to regain the trust of customers and investors after the diesel emissions scandal. ...
Leasehold tycoon: man whose firms control 40,000 UK homes image
Source : Guardian [Read Article] Saturday 29th of July 2017 07:00:44 AM
.... “When questioned, E&J Estates have simply referred us to the lease details. The reality of a spiralling ground rent (£9,600 a year in 2060) became clear on Tuesday when this scandal achieved national coverage. ...
Victory! New-build leaseholds banned … but what of those already trapped? image
.... And some must even hand over a fee to the freehold owner if they want a pet. It’s the latest twist in the growing scandal of unfair and outrageous demands made by private companies that snap up freeholds from developers, then hit homeowners with huge costs. ...
We have to end the horror of this feudal leasehold system image
Source : Guardian [Read Article] Saturday 29th of July 2017 06:00:43 AM
.... How are apartment owners expected to magic up these sums when the average salary is £27,000 – and when even after coughing up the money they still technically won’t own their properties?. “This is the biggest scandal of the leasehold world,” says chartered surveyor James Wyatt of Parthenia Valuations, dwarfing the scandal of leasehold houses. ...
Graduate anger mounts over ‘nightmare’ Student Loans Company image
Source : Guardian [Read Article] Saturday 29th of July 2017 06:00:43 AM
.... SLC has always been a terrible organisation, it’s just much worse now the sums involved are around 10 times the amount I borrowed. It’s scandalous. ...
Can Bozoma Saint John repair Uber's troubled image? image
Source : Guardian [Read Article] Friday 28th of July 2017 12:00:21 PM
....That requires widespread changes to management and hiring practices, led from the very top. Uber, valued at $69bn, has pledged to do this, under the guidance of its board member Arianna Huffington, who has emerged as the public voice for addressing Uber’s litany of scandals. ...
BT profits dive by 40% after £225m payout over Italian scandal image
Source : Guardian [Read Article] Friday 28th of July 2017 06:49:04 AM
. BT’s profits fell more than 40% in the first quarter of its new financial year after it was forced to pay out £225m to two shareholders following the accounting scandal at its Italian operation. ...
Libor interest rate to be phased out after string of scandals image
Source : Guardian [Read Article] Thursday 27th of July 2017 04:47:23 PM
. The Libor interest rate benchmark used to price billions of pounds of financial products, which was linked to a series of bank scandals, is to be phased out. ...
Leaseholds on new-builds to be banned, plus Student Loans Co penalises borrowers image
....Ground rents: aristocrats and shell firms among those making millions. Victims of ground rent scandal demand action on existing abuses. ...
Lloyds takes fresh £1bn hit from PPI compensation claims image
Source : Guardian [Read Article] Thursday 27th of July 2017 08:29:53 AM
....6bn hit in the first six months of the year to cope with a new wave of claims from consumers missold payment protection insurance and to rectify treatment of mistreated mortgage customers. The figure includes an additional £1bn charge for PPI – a scandal that has now cost the bank £18. ...
Carmakers say fossil-fuel vehicle ban will dent industry and stall sales image
Source : Guardian [Read Article] Wednesday 26th of July 2017 03:15:14 PM
.... The main reason given for not considering one was cost, followed by concerns over range and the time needed for recharging. The survey, for insurance firm Aviva, also showed that, after VW’s emission scandal and amid concerns over pollution, drivers are turning away from diesel: 68% said their next car would be petrol, with only 21% choosing diesel. ...
Horsemeat scandal: businessman found guilty of fraud image
Source : Guardian [Read Article] Wednesday 26th of July 2017 02:52:58 PM
....During searches of FlexiFoods offices in Hull and Denmark, emails and other documents were uncovered which provided evidence of the conspiracy. FlexiFoods arranged to have horsemeat from Ireland and Polish beef shipped to Sideras’s north London premises, where they were mixed together and relabelled with fake labels, before being sent on to other firms as part of the horsemeat scandal that came to the public’s attention in 2013. ...
Leasehold in England and Wales is last redoubt of a colonial relic image
Source : Guardian [Read Article] Wednesday 26th of July 2017 05:00:32 AM
....In Ireland, much-hated ground rents extracted by the Anglo-Irish aristocracy, and dating back to the Cromwellian era, were partly behind the rise of the Land League in the late 19th century, and the country’s fight for independence. Britain has had leasehold homes for hundreds of years, but only in the past few months has the ground rent scandal exploded. ...
Ground rents: aristocrats and shell firms among those making millions image
Source : Guardian [Read Article] Wednesday 26th of July 2017 05:00:32 AM
....When Guardian Money attempted to trace the ultimate ownership of the five-bed detached home bought by Jo Darbyshire in Bolton, we uncovered the pass-the-parcel world of freehold speculation. Britain has had leasehold homes for hundreds of years, but only in the past few months has the ground rent scandal exploded. ...
Noel Edmonds increases compensation claim for HBOS fraud to £300m image
Source : Guardian [Read Article] Tuesday 25th of July 2017 06:56:42 PM
....The corrupt financiers were jailed earlier this year for the £245m loans scam which destroyed several businesses, before they squandered the profits on sex parties and luxury holidays. Edmonds described a review being carried out by the bank into the scandal as a “cynical ploy to keep victims’ compensation payouts to the bare minimum”, while claiming the fraud took place on an “industrial scale”. ...
Victims of ground rent scandal demand action on existing abuses image
Source : Guardian [Read Article] Tuesday 25th of July 2017 05:13:28 PM
. Victims of the ground rents scandal are demanding ministers go further in tackling unfair abuses of the leasehold system, amid claims that as many as 100,000 existing homeowners remain trapped in properties that are “unsellable”. ...
Leasehold houses and the ground rent scandal: all you need to know image
Source : Guardian [Read Article] Tuesday 25th of July 2017 03:05:21 PM
. Britain has had leasehold homes for hundreds of years, but only in the past few months has the ground rent scandal exploded. ...
UK labour market tsar vows to jail rogue bosses image
Source : Guardian [Read Article] Tuesday 25th of July 2017 05:01:01 AM
. The Low Pay Commission founding member tasked with enforcing workers’ rights has pledged to jail rogue bosses and investigate failing industries as part of the government’s latest response to workplace scandals uncovered at companies including Sports Direct. ...
Leaseholds on new-build houses in England to be banned image
Source : Guardian [Read Article] Monday 24th of July 2017 11:01:37 PM
....2m were leasehold houses. Justin Madders, Labour MP for Ellesmere Port and Neston, who has many constituents suffering from leasehold problems, said: “What has occurred in this sector should be regarded as a national scandal. ...
VW calls crisis meeting to discuss EU cartel inquiry, source says image
Source : Guardian [Read Article] Monday 24th of July 2017 01:46:00 PM
. The whiff of scandal around the German car manufacturing industry may be set to intensify, as Volkswagen prepares to hold a top-level meeting to discuss allegations that carmakers colluded to bring down the cost of components – including some used to control diesel emissions. ...
Jared Kushner sealed real estate deal with oligarch's firm cited in money-laundering case image
....Among the overlapping connections is the 2015 deal in which Kushner paid $295m to acquire several floors of the old New York Times building at 43rd street in Manhattan from the US branch of Leviev’s company, Africa Israel Investments (AFI), and its partner Five Mile Capital. The sale has been identified as of possible interest to the Mueller investigation as Kushner later went on to borrow $285m in refinancing from Deutsche Bank, the German financial house that itself has been embroiled in Russian money laundering scandals and whose loans to Trump are coming under intensifying scrutiny. ...
Frankly, banks – it’s time to give a damn about your image image
Source : Guardian [Read Article] Sunday 23rd of July 2017 06:00:00 AM
....”. Which brings us to rival Lloyds Banking Group, which also has results this week and is currently in trouble over its response to the long-running scandal in corporate banking at its HBOS Reading arm (two former employees convicted). ...
'London Whale' charges dropped against former JP Morgan traders image
Source : Guardian [Read Article] Friday 21st of July 2017 11:45:22 PM
. US prosecutors have decided to drop criminal charges against two former JP Morgan Chase & Co derivatives traders implicated in the “London Whale” trading scandal that caused $6. ...
The government has got it wrong on pensions | Letters image
Source : Guardian [Read Article] Friday 21st of July 2017 05:14:02 PM
.... But the government is at least giving the public notice of its planned changes in time enough for individuals to plan their retirement. After government’s scandalous failure to respond to the case of the Waspi women (baby boomers caught without the pension they had expected to get at 60), this notice is timely. ...
Lloyds compensates only five victims of HBOS fraud scandal image
Source : Guardian [Read Article] Friday 21st of July 2017 07:00:12 AM
. Lloyds Banking Group has paid compensation to only five of the 67 victims of the HBOS Reading fraud scandal almost a month after its own deadline for making redress offers for the “utterly corrupt scheme” that left small business owners “cheated, defeated and penniless”. ...
Culture secretary keeps Rupert Murdoch waiting over Sky deal image
Source : Guardian [Read Article] Thursday 20th of July 2017 11:26:27 AM
....Bradley said she was still minded to refer the bid to the CMA to investigate on media plurality grounds, but added that she would consider asking it to look at whether the Murdochs will adhere to broadcasting standards in the UK. The media regulator, Ofcom, on which Bradley has based her decisions to date, said it found no grounds to ask the CMA to look at issues including the sexual harassment scandal at Fox News and issues relating to phone hacking. ...
Mike Ashley brushes off 60% dive in profits as shares in Sports Direct rise image
.... The latest development is a new strategic partnership with Japanese footwear brand Asics, which will take space in Sports Direct’s flagship stores. The company is also beginning to take action after being hit by a scandal over its treatment of workers after a Guardian investigation. ...
Ofwat chief quits for private sector job image
Source : Guardian [Read Article] Wednesday 19th of July 2017 11:02:57 AM
....She is joining BT at a critical time. The telecoms firm has had a bad year, marked by an accounting scandal in Italy and a record £42m fine from Ofcom for overcharging for broadband access in the UK. ...
HS2 contracts worth £6.6bn awarded by UK government image
Source : Guardian [Read Article] Monday 17th of July 2017 08:08:45 AM
.... Their venture was awarded a £965m contract. The RMT union demanded the government ensure proper employment on all the contracts, noting that several of the firms had been involved in the blacklisting scandal settled last year. ...
Ofcom made serious errors over Murdoch Sky bid, say high-profile MPs image
Source : Guardian [Read Article] Friday 14th of July 2017 03:31:40 PM
.... Fox is controlled by Rupert Murdoch and his sons, Lachlan and James. The MPs say that the media regulator did not properly consider allegations of sexual harassment at Fox News and the phone-hacking scandal at the News of the World as part of a review into whether a combined Fox and Sky would be committed to meeting broadcasting standards. ...
Rupert Murdoch will not offer new Sky deal to culture secretary image
Source : Guardian [Read Article] Thursday 13th of July 2017 03:18:55 PM
.... Ofcom also went a step further saying that it would most likely reject a full spin-off of Sky News – a complete structural separation – arguing that the loss-making business may become weaker over time therefore reducing media plurality. This view is a volte face by the media regulator which, along with the then Office of Fair Trading, accepted a full spin-off as solving media plurality issues at the time of Murdoch’s 2011 bid, which was ultimately abandoned due to the public and political fallout of the phone-hacking scandal. ...
Havaianas flip-flop brand sold for £850m as scandal-hit owners sell stake image
....Brazilian flip-flop brand Havaianas is being sold for nearly £850m as its billionaire owners flog the family silver to pay a £2. 5bn fine relating to a corruption scandal that is threatening to topple the country’s president. ...
Thousands of drivers suffer loss of power following VW emissions 'fix' image
Source : Guardian [Read Article] Wednesday 12th of July 2017 03:02:18 PM
. More than half of VW, Audi and Skoda owners who had their cars “fixed” following the “diesel-gate” emissions scandal have subsequently suffered poor performance and worse fuel consumption, according to a legal firm behind a class action against VW. ...
Tesco faces in-depth investigation into £3.7bn Booker takeover image
Source : Guardian [Read Article] Wednesday 12th of July 2017 08:31:46 AM
....The deal was revealed in January and considered to be Tesco’s first major corporate move since it was led by Sir Terry Leahy, who quit in 2011. In recent years, the retailer has been hit by growing competitions from discount chains and an accounting scandal. ...
No 10 announces inquiry into contaminated blood scandal - Politics live image
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G4S awarded £25m government contract despite fraud inquiry image
Source : Guardian [Read Article] Monday 10th of July 2017 04:50:36 PM
....The shadow justice secretary, Richard Burgon, raised questions over the decision: “It beggars belief that the government has sneaked out this contract with G4S while a serious fraud probe is still exploring its misconduct in a previous contract. “We’ve seen scandal after scandal with G4S, from billing the government for tagging thousands of “phantom offenders” – including those who were dead or in jail – to serious delays in informing the authorities that over 100 prisoners had been fitted with faulty electronic tags,” he said. ...
Volvo signals carmakers' growing confidence in an electric future image
Source : Guardian [Read Article] Wednesday 5th of July 2017 05:31:24 PM
....Renault-Nissan has arguably led the way in 100% electric cars so far, with 350,000 sold in total. VW, looking to clean up its image after the diesel scandal, plans to sell 1m electric cars a year by 2025. ...
All Volvo cars to be electric or hybrid from 2019 image
Source : Guardian [Read Article] Wednesday 5th of July 2017 09:25:25 AM
....Several of the major carmakers, including Renault-Nissan, BMW and VW, have declared ambitious plans for electric cars, supported with grants by governments, which see them as a key way of tackling air pollution and climate change. The VW emissions scandal gave added impetus for companies to focus on the technology, as politicians and campaigners increasingly blamed diesel for cities’ air quality problems. ...
Lloyds and the FCA must give full story on HBOS Reading fraud | Nils Pratley image
....Another day, another round of apologies and expressions of deep regret from Lloyds for the victims of the HBOS Reading fraud. The occasion this time was the publication of a few passages from a 2012 regulator’s report that had previously been redacted while police investigated the scandal. ...
Horror stories told by central bankers will not end in an interest rate shock image
....Now there is the unedifying prospect of the government funnelling more money into the pockets of two of Britain’s richest men, Brian Souter and Richard Branson, who have made a fortune in dividends since privatisation. The DfT must not perpetuate the scandal of heads-I-win-tails-you-lose franchising, where business wants the taxpayer – and fare-paying passenger – to underwrite its losses. ...
Trouble in the Dales as holiday homes become the new buy-to-let image
Source : Guardian [Read Article] Saturday 1st of July 2017 06:00:06 AM
....6m (if they were required to pay council tax). John Webber, head of rating at Colliers, said: “It’s a scandal that those who have holiday homes and rent them out are able to take advantage of the small business rates relief and so pay less tax, putting the burden of the rates bill on to other businesses who are struggling to pay their bills. ...
PENSIONS WARNING: Could this tax loophole affect YOUR savings? image
Source : Daily Express [Read Article] Friday 30th of June 2017 09:50:00 PM
.... . Baroness Altman, David Cameron’s former pensions minister, warned the situation needed to be rectified as soon as possible before a scandal breaks out. ...

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