Topic filter : Scandal

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.... . MPs have described the situation as a "national scandal" and the "PPI of the house building industry". ... [Read full article on BBC ]
Thursday 27th of April 2017 10:45:30 AM
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....The Reuters and AFP news agencies say they have been told by judicial sources that the company is being investigated for breaking consumer protection laws. Diesel emissions have been under the spotlight since the Volkswagen scandal. ... [Read full article on BBC ]
Monday 24th of April 2017 06:37:59 PM
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.... The AFF noted that this accommodation creates a “support network [that] is nearly impossible to replicate”, and that the benefits of this model, “such as security, empathy and practical support, are not yet properly understood or quantified”. For Sir Bob Russell, the former Liberal Democrat MP who battled against the Annington deal for years, the rent rise is “a scandal on top of a scandal. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 04:30:38 AM
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....7bn. The scandal was one of the biggest financial frauds in Japan's history, but Kikukawa and two other executives who pleaded guilty never went to jail. ... [Read full article on BBC ]
Friday 28th of April 2017 06:11:19 AM
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....”. The scandal of escalating ground rents comes amid a surge in leasehold sales in the UK. ... [Read full article on Guardian ]
Thursday 27th of April 2017 11:35:12 AM
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....The two S8 devices launched last week and no sales figures are yet available, but Samsung said pre-orders had been 30% higher than for the Galaxy S7 in 2016. Despite the financial success, Samsung remains mired in scandal with its de-facto head Lee-Jae Yong on trial over his alleged role in a corruption scandal that brought down South Korean President Park Geun-hye. ... [Read full article on BBC ]
Thursday 27th of April 2017 02:59:19 AM
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....Most sports stars eventually lose their appeal when they get older and retire. Some devalue their own brands by getting involved in scandals - think Ryan Lochte and Tiger Woods. ... [Read full article on BBC ]
Sunday 30th of April 2017 12:07:14 AM
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. Transline, the temporary employment agency that became embroiled in the Sports Direct scandal, has submitted court documents preparing the company for insolvency. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 10:49:04 AM
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....The Tories will pledge to increase the powers of regulators over company pensions, including fines for employers who deliberately underfund schemes. Following the BHS pension scandal, corporate takeovers could be blocked where the solvency of the company scheme appears to be threatened. ... [Read full article on BBC ]
Sunday 30th of April 2017 03:59:09 AM
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....Wells Fargo has been in turmoil since revelations that the firm created more than two million fake accounts to meet sales goals and ignored or punished whistleblowers. The scandal was the latest example of misconduct in the US banking sector. ... [Read full article on BBC ]
Tuesday 25th of April 2017 06:49:21 PM
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. Jes Staley, the chief executive of Barclays, has admitted he made a mistake in his repeated attempts to unmask a whistleblower but said he did not offer his resignation over the scandal. ... [Read full article on Guardian ]
Friday 28th of April 2017 08:27:59 AM
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....He opened a high street branch in 1964 and by 1987 Swinton had become a well-known brand with 220 branches around the UK. More recently, the firm was embroiled in a mis-selling scandal, for which it was fined £7. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 06:06:32 PM
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.... The bank has set aside £100m for the fraud, for which six people were jailed in February after a jury was told how they spent the proceeds on superyachts and sex parties. The bank had previously warned it would take another £350m provision to cover the cost of PPI mis-selling, taking its total hit for this scandal to more than £17bn. ... [Read full article on Guardian ]
Thursday 27th of April 2017 06:33:22 AM
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....It warned that profits would be down in the next quarter, however, because of a slower start in its investment banking arm. After taking multimillion-pound provisions for previous mis-selling scandals, the bank’s legal charges for the quarter amount to £54m. ... [Read full article on Guardian ]
Friday 28th of April 2017 06:57:09 AM
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. Theresa May should give Labour a round of applause for highlighting the scandal of rip-off gas and electricity bills, the former shadow energy secretary Caroline Flint has said after senior Conservatives confirmed their manifesto will include an energy price cap. ... [Read full article on Guardian ]
Sunday 23rd of April 2017 11:26:37 AM
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....4m last year. Staley became chief executive in December 2015 at a time when the bank was scrambling to repair its reputation in the wake of the Libor-rigging crisis and other scandals. ... [Read full article on Guardian ]
Thursday 27th of April 2017 06:37:05 PM
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Latest Finance News related to Scandal

May vows to protect pensions from 'unscrupulous bosses' image
Source : BBC [Read Article] Sunday 30th of April 2017 03:59:09 AM
....The Tories will pledge to increase the powers of regulators over company pensions, including fines for employers who deliberately underfund schemes. Following the BHS pension scandal, corporate takeovers could be blocked where the solvency of the company scheme appears to be threatened. ...
Hero's legacy image
Source : BBC [Read Article] Sunday 30th of April 2017 12:07:14 AM
....Most sports stars eventually lose their appeal when they get older and retire. Some devalue their own brands by getting involved in scandals - think Ryan Lochte and Tiger Woods. ...
RBS reports first quarterly profit since 2015 image
Source : Guardian [Read Article] Friday 28th of April 2017 06:57:09 AM
....It warned that profits would be down in the next quarter, however, because of a slower start in its investment banking arm. After taking multimillion-pound provisions for previous mis-selling scandals, the bank’s legal charges for the quarter amount to £54m. ...
Olympus scandal: Former bosses to pay $529m over fraud image
Source : BBC [Read Article] Friday 28th of April 2017 06:11:19 AM
....7bn. The scandal was one of the biggest financial frauds in Japan's history, but Kikukawa and two other executives who pleaded guilty never went to jail. ...
Barclays boss faces shareholder revolt over whistleblowing case image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:37:05 PM
....4m last year. Staley became chief executive in December 2015 at a time when the bank was scrambling to repair its reputation in the wake of the Libor-rigging crisis and other scandals. ...
Taylor Wimpey apologises in leasehold dispute image
Source : BBC [Read Article] Thursday 27th of April 2017 10:45:30 AM
.... . MPs have described the situation as a "national scandal" and the "PPI of the house building industry". ...
Lloyds profits double to £1.3bn despite PPI and fraud payouts image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:33:22 AM
.... The bank has set aside £100m for the fraud, for which six people were jailed in February after a jury was told how they spent the proceeds on superyachts and sex parties. The bank had previously warned it would take another £350m provision to cover the cost of PPI mis-selling, taking its total hit for this scandal to more than £17bn. ...
Samsung sees best quarterly profits in three years image
Source : BBC [Read Article] Thursday 27th of April 2017 02:59:19 AM
....The two S8 devices launched last week and no sales figures are yet available, but Samsung said pre-orders had been 30% higher than for the Galaxy S7 in 2016. Despite the financial success, Samsung remains mired in scandal with its de-facto head Lee-Jae Yong on trial over his alleged role in a corruption scandal that brought down South Korean President Park Geun-hye. ...
Swinton insurance cuts 900 jobs as customers switch to online image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:06:32 PM
....He opened a high street branch in 1964 and by 1987 Swinton had become a well-known brand with 220 branches around the UK. More recently, the firm was embroiled in a mis-selling scandal, for which it was fined £7. ...
Sports Direct agency Transline preparing for insolvency image
Source : Guardian [Read Article] Wednesday 26th of April 2017 10:49:04 AM
. Transline, the temporary employment agency that became embroiled in the Sports Direct scandal, has submitted court documents preparing the company for insolvency. ...
Shareholders angry over fake accounts disrupt Wells Fargo meeting image
....Wells Fargo has been in turmoil since revelations that the firm created more than two million fake accounts to meet sales goals and ignored or punished whistleblowers. The scandal was the latest example of misconduct in the US banking sector. ...
How the MoD’s plan to privatise military housing ended in disaster image
Source : Guardian [Read Article] Tuesday 25th of April 2017 04:30:38 AM
.... The AFF noted that this accommodation creates a “support network [that] is nearly impossible to replicate”, and that the benefits of this model, “such as security, empathy and practical support, are not yet properly understood or quantified”. For Sir Bob Russell, the former Liberal Democrat MP who battled against the Annington deal for years, the rent rise is “a scandal on top of a scandal. ...
Peugeot Citroen investigated over diesel emissions image
Source : BBC [Read Article] Monday 24th of April 2017 06:37:59 PM
....The Reuters and AFP news agencies say they have been told by judicial sources that the company is being investigated for breaking consumer protection laws. Diesel emissions have been under the spotlight since the Volkswagen scandal. ...
Tories accused of stealing Labour's energy price cap promise image
Source : Guardian [Read Article] Sunday 23rd of April 2017 11:26:37 AM
. Theresa May should give Labour a round of applause for highlighting the scandal of rip-off gas and electricity bills, the former shadow energy secretary Caroline Flint has said after senior Conservatives confirmed their manifesto will include an energy price cap. ...
Packing a punch image
Source : BBC [Read Article] Sunday 23rd of April 2017 06:58:24 AM
....The firm famously pursued Argentine debt for more than a decade, seizing one of the country's naval ships while it was docked in Ghana and prompting the country to default. In the UK, it also intervened in coach operator National Express and fought supermarket Tesco for damages stemming from a 2014 accounting scandal. ...
Lloyds bank bailout repaid in full, says Philip Hammond image
Source : Guardian [Read Article] Friday 21st of April 2017 05:00:20 PM
....Both banks will publish their results next week for the first three months of 2017. Lloyds has already admitted it will have to take a fresh £350m hit for the payment protection insurance mis-selling scandal – taking its total bill to more than £17bn. ...
Inquiry into Murdoch's Sky deal delayed until after general election image
Source : Guardian [Read Article] Friday 21st of April 2017 11:30:59 AM
....After Bradley receives Ofcom’s report she will have to decide whether to refer 21st Century Fox’s bid to takeover the 61% of Sky it does not already own to the competition authorities for further scrutiny. During Murdoch’s previous bid in 2010, which was scrapped because of the fallout from the phone-hacking scandal that engulfed his UK newspapers, the then culture secretary Jeremy Hunt accepted an offer to spin off Sky News to allay the media plurality issues Ofcom raised. ...
Reckitt Benckiser says Mead Johnson takeover on track image
Source : BBC [Read Article] Friday 21st of April 2017 07:17:50 AM
....A good performance in developing markets and the hygiene business failed to offset declines in Europe and in the home products business. Reckitt was also hurt by the ongoing fallout from weak markets in Europe and North America, a South Korean safety scandal and a failed new Scholl product. ...
Fox forcing out Bill O’Reilly could appease critics of the Sky deal | Graham Ruddick image
.... More women have subsequently come forward with allegations against O’Reilly. The scandal has led to dozens of companies pulling adverts from Fox News and protesters targeting the Fox News headquarters. ...
Fox dumps star presenter Bill O'Reilly image
Source : BBC [Read Article] Wednesday 19th of April 2017 07:28:15 PM
.... . So what changed? Was it lurid details of his alleged behaviour? The protests? Commercial sponsors abandoning his show? The impact the scandal could have on 21st Century Fox's attempts to purchase European broadcaster Sky?. ...
Fox News 'to drop host Bill O'Reilly' after harassment cases image
Source : BBC [Read Article] Wednesday 19th of April 2017 04:25:30 PM
.... . So what changed? Was it lurid details of his alleged behaviour? The protests? Commercial sponsors abandoning his show? The impact the scandal could have on 21st Century Fox's attempts to purchase European broadcaster Sky?. ...
RBS stake may be sold at a loss, chancellor admits image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:01:26 PM
.... . There will be no sale until RBS settles its monster fine with the US authorities for its part in the subprime scandal and it gets approval for its plan to pay £750m to hang on to the seemingly unsellable Williams and Glynn but once those are out the way - expect the government to start selling its RBS shares in chunks at a loss - at least at first. ...
Can’t we stop colossal firms taking over small businesses? image
Source : Guardian [Read Article] Monday 17th of April 2017 01:08:04 PM
.... Damn. Because I feel I must stick to some priciples, and I’m still enraged with Shirley Porter, the heiress to the Tesco fortune, who was responsible for the “homes for votes” scandal when she was leader of Westminster council. ...
Two-thirds of BHS stores lie empty as anniversary of collapse nears image
Source : Guardian [Read Article] Sunday 16th of April 2017 03:30:44 PM
.... The 88-year-old retailer failed when it ran out of money a year after it was sold by Sir Philip Green to the serial bankrupt Dominic Chappell for £1. Its failure became one of the biggest business scandals in recent years. ...
Walking dead image
Source : BBC [Read Article] Sunday 16th of April 2017 08:34:11 AM
....But it also faces another fate: becoming the most high-profile member of Japan's corporate living dead, also known as zombie firms. Toshiba admitted this week that its survival is at risk and that the firm could be delisted from the Tokyo stock exchange, following a major accounting scandal and an ill-timed bet on nuclear power. ...
But it was spreads that put the ‘uni’ in Unilever image
Source : Guardian [Read Article] Sunday 16th of April 2017 06:00:23 AM
.... Without spreads, can it still be Unilever?. How do you earn a £14m pay packet? Simple: start with one totalling £23m, preside over a safety scandal involving one of your products in a significant foreign market, and wait for the 39% pay cut to kick in. ...
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
.... Other measures could include more low-emission zones or “toxin taxes” on diesel vehicles driving in pollution hotspots. 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. ...
Brazil graft probe focuses on World Cup football stadiums image
Source : BBC [Read Article] Saturday 15th of April 2017 12:34:38 AM
.... . The company's methods first came to light during investigations in Brazil into a giant corruption scandal centred on the country's state oil company, Petrobras. ...
Hell of a ride: even a PR powerhouse couldn't get Uber on track image
Source : Guardian [Read Article] Friday 14th of April 2017 07:00:27 AM
....The taxi-hailing app had a reputation for aggressive and even underhand tactics, and a CEO, in Travis Kalanick, with a reputation as a gaffe-prone “tech bro”, but it was one of the fastest growing startups in the world, achieving a $50bn valuation (now almost $70bn) within just six years. However Whetstone departed the company this week amid a stunning array of scandals and controversies, including allegations of sexual harassment, a video of Kalanick berating an Uber driver, a legal battle with Google over the alleged theft of driverless car technology, the revelation that Uber used secret “Greyball” software to deceive city regulators, and allegations that the company had another program called “Hell” designed to spy on its arch-rival Lyft. ...
Rachel Whetstone: from Tory power broker to Silicon Valley PR guru image
Source : Guardian [Read Article] Thursday 13th of April 2017 03:02:53 PM
....Whetstone left Google to join Uber in 2015, shortly after writing an acerbic blogpost addressed to the media tycoon Rupert Murdoch, taking issue with criticism of Google in the Wall Street Journal, part of his news empire. Her departure from Uber followed several scandals involving the company, including an explosive blogpost by an employee alleging incidents of sexual harassment. ...
Uber allegedly used secret program to undermine rival Lyft image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:10:45 PM
....In early 2016, the program was allegedly discontinued as a result of Uber’s competitive focus shifting from beating Lyft in the US market, to making inroads to emerging economies like India and China (where the company eventually sold out to local cab-sharing firm Didi Chuxing). For a long time, the company’s feud with Lyft was tied with its endless squabbles with national and local regulators as its biggest source of scandal. ...
JPMorgan and Citi quarterly profit helped by higher rates image
Source : BBC [Read Article] Thursday 13th of April 2017 11:11:57 AM
.... Last year, trouble in the oil and gas industry hurt results. Separately Wells Fargo, which has been working to contain fallout from a scandal related to fake consumer accounts, said it earned $5. ...
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 previous month Deutsche paid $7. 2bn to settle a decade-old toxic bond mis-selling scandal with the US Department of Justice. ...
Uber's head of communications quits scandal-hit cab app image
Source : Guardian [Read Article] Wednesday 12th of April 2017 08:49:11 AM
....Uber’s head of public policy and communications, Rachel Whetstone, has quit the troubled cab-hire app less that two years after it poached her from Google. 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. ...
Sports Direct workers' representative faces 'uphill struggle' – union image
Source : Guardian [Read Article] Wednesday 12th of April 2017 08:37:03 AM
. Sports Direct has elected an employee to attend its board meetings, after a series of scandals last year over the way the company is run and treats its staff. ...
Tesco full-year pre-tax profits hit by fine image
Source : BBC [Read Article] Wednesday 12th of April 2017 06:37:34 AM
...."The supermarket is facing the prospect of a rise in pension contributions because its scheme valuation is rather inconveniently taking place now, when interest rates are low and inflation is rising, both of which will serve to magnify the deficit," he said. Kantar Retail analyst Ray Gaul said Tesco can "successfully put the accounting scandals of the past behind them having settled legal affairs". ...
The older expats facing poverty – thanks to Brexit and frozen pensions image
Source : Guardian [Read Article] Wednesday 12th of April 2017 06:00:27 AM
.... She said she would soon have to give up her telephone and computer, and couldn’t remember the last time she bought new clothes. “It’s absolutely scandalous, I can’t believe the British government can be so cruel to pensioners when they have our money: I have paid national insurance all my life,” she said. ...
Firms dispute Jeremy Corbyn's claim they pay bills late image
Source : BBC [Read Article] Tuesday 11th of April 2017 12:11:53 PM
....The Labour leader said big business was holding back £26bn a year by not paying bills on time and it was driving 50,000 small firms out of business. He vowed to tackle this "national scandal" if Labour won power. ...
Barclays whistleblower case sparks calls for more protection image
Source : Guardian [Read Article] Tuesday 11th of April 2017 11:59:31 AM
....GoodCorporation, a consultancy that advises businesses on ethics, said Staley’s conduct could discourage others whistleblowers from speaking out. Leon Martin, the managing director of GoodCorporation, said: “The Barclays whistleblower scandal will be a real test for the Financial Conduct Authority and the Prudential Regulation Authority, whose rules on whistleblowing clearly state that a whistleblower’s confidentiality must be protected and that firms need to create a culture that encourages employees to raise concerns about poor behaviour. ...
Toshiba files unaudited results and says future is in doubt image
Source : BBC [Read Article] Tuesday 11th of April 2017 08:33:57 AM
.... . An accounting scandal, uncovered in 2015, led to the resignation of several members of the firm's senior management, including the chief executive, after the company was found to have inflated the previous seven years' profits by $1. ...
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
....Labour’s shadow chancellor, John McDonnell, called for a new investigation on the back of the broadcaster’s report. “This is an extremely serious revelation that contradicts past assurances about the role of the Bank of England in the Libor scandal,” he said. ...
High court approves £129m fine for Tesco over accounting scandal image
Source : Guardian [Read Article] Monday 10th of April 2017 06:18:16 PM
. The high court has approved a settlement between Tesco and the Serious Fraud Office that involves Britain’s biggest retailer paying a £129m fine over an accounting scandal. ...
Wells Fargo claws back another $75m from former bosses image
Source : BBC [Read Article] Monday 10th of April 2017 04:30:05 PM
....Wells Fargo has clawed back a further $75m (£60. 3m) from two former executives in the wake of a fake accounts scandal. ...
Wells Fargo takes back $75m from ex-executives after fake accounts scandal image
....The bank has already paid $185m in fines to federal and local authorities and settled a $110m class-action lawsuit. 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. ...
Barclays boss used bank's security team to hunt for whistleblower image
Source : Guardian [Read Article] Monday 10th of April 2017 09:06:17 AM
....The bank said it will decide on how much to cut Staley’s pay by when the financial regulators have concluded their investigations. When Jes Staley took over at Barclays, the veteran banker vowed to “strengthen trust” in the group after its reputation had been damaged by successive scandals. ...
Wonga data breach 'affects 245,000 UK customers' image
Source : BBC [Read Article] Sunday 9th of April 2017 02:20:23 PM
....". The data breach is a further blow for Wonga which has been trying to rebuild its reputation after several scandals. ...
Tesco looks to draw a line under accounting scandal image
Source : Guardian [Read Article] Sunday 9th of April 2017 06:00:00 AM
....It used to be said that Tesco was so popular that one in every eight pounds spent in the UK retail sector ended up in the supermarket’s jingling tills. Some £214m of that hard-earned money could soon be weighing down the pockets of the Serious Fraud Office, and of investors affected by its 2014 accounting scandal, in the form of fines and compensation, after a settlement agreement last month. ...
Rupert Murdoch's Sky takeover approved by European regulator image
Source : Guardian [Read Article] Friday 7th of April 2017 04:07:03 PM
....”. During the 2010 takeover bid by News Corp, which was derailed by the phone hacking scandal at the company, Murdoch reached an agreement with the government to spin off Sky News to satisfy media plurality concerns. ...
Sky's 21st Century Fox takeover cleared by Europe image
Source : BBC [Read Article] Friday 7th of April 2017 02:37:06 PM
.... . In 2011, Rupert Murdoch abandoned a bid to take full control of Sky in the wake of that year's phone-hacking scandal involving journalists at his UK newspapers. ...
Lloyds to pay £100m fraud compensation image
Source : BBC [Read Article] Friday 7th of April 2017 08:40:13 AM
. LLoyds has announced that it is setting aside a further £100m, to compensate customers who lost money in a fraud scandal. ...
Two Barclays traders found not guilty in Libor retrial image
Source : BBC [Read Article] Thursday 6th of April 2017 10:12:09 AM
....During the trial, the SFO's only banking industry expert admitted he had broken court rules by sending texts and emails to contacts, while giving evidence in court, to check he was answering basic questions correctly. The Libor rigging scandal erupted in 2012, when Barclays was the first bank to be prosecuted with a £290m fine, which sparked the resignation of chief executive Bob Diamond. ...
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. ...
BMW strikes set to disrupt Mini and Rolls-Royce production image
Source : Guardian [Read Article] Wednesday 5th of April 2017 11:24:39 AM
....”. BMW notched up a record financial performance in 2016, despite being engulfed in the scandal over cheating diesel emissions tests in the US. ...
MPs urge crackdown on excessive pay to rebuild public trust in business image
Source : Guardian [Read Article] Wednesday 5th of April 2017 05:30:12 AM
. British businesses must crack down on excessive pay for bosses and improve boardroom diversity to restore public trust after scandals at Sports Direct and collapsed retailer BHS, MPs have warned. ...
High pay eroding trust in business, says MPs' report image
Source : BBC [Read Article] Tuesday 4th of April 2017 11:14:33 PM
....The Commons Business, Energy and Industrial Strategy Committee wants workers to have a say on pay. Committee chairman Iain Wright said recent scandals have exposed flaws. ...
Toshiba forced to buy 40% of UK's NuGen image
Source : BBC [Read Article] Tuesday 4th of April 2017 03:16:02 PM
.... . All this came on top of Toshiba's struggles to turn the corner after a profit-inflating scandal. ...
Co-operative Group to write off the value of its stake in Co-op bank image
Source : Guardian [Read Article] Monday 3rd of April 2017 06:30:15 AM
.... The financial woes were compounded by revelations that the bank’s former chairman, Paul Flowers, took class A drugs. This led to thousands of customers leaving the scandal-hit firm. ...
Robbing Paula to pay Peter in the boardroom image
Source : Guardian [Read Article] Sunday 2nd of April 2017 05:59:46 AM
.... On Tuesday the firm is due to announce results. All of which should give us a bit more information on what the banker is getting into and will no doubt reignite the debate over whether Diamond has served enough time away from the City after resigning from Barclays in the face of political pressure following the Libor scandal. ...
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
....David Green, the director of the Serious Fraud Office, has warned that British businesses should not consider deferred prosecution agreements (DPAs) the “new normal” if they are caught misbehaving. Green was speaking to the Observer after Tesco and the SFO announced they had reached a DPA over the accounting scandal that rocked Britain’s biggest retailer in 2014. ...
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. ...
Reckitt Benckiser slashes boss's pay by 40% image
Source : BBC [Read Article] Friday 31st of March 2017 02:22:16 PM
. Reckitt Benckiser, the maker of Durex condoms and Gaviscon, has cut its chief executive's pay package by 39% after a safety scandal that engulfed its South Korean division. ...
Google reveals latest UK tax bill image
Source : BBC [Read Article] Friday 31st of March 2017 02:19:00 PM
.... . "And it exposes the complacency at the heart of this Tory government, which is allowing this to still continue despite last year's scandal. ...
Nurofen maker Reckitt Benckiser slashes chief's pay by 40% – to £14m image
. British consumer goods maker Reckitt Benckiser Group has cut the 2016 pay of its chief executive, Rakesh Kapoor, by 39%, as it seeks to shore up investor confidence following a safety scandal in South Korea that hurt its performance. ...
Samsung Galaxy S8 hides home button and gains Bixby AI image
Source : BBC [Read Article] Wednesday 29th of March 2017 03:00:35 PM
....The South Korean firm blamed the problem on battery faults and said it had since put in additional safety measures, including X-ray scans of batteries. The company has also become mired in a corruption scandal in its home country. ...
Samsung: Is Galaxy S8 the firm's most important phone yet? image
Source : BBC [Read Article] Wednesday 29th of March 2017 05:01:52 AM
.... . This is the launch that follows the Note 7 scandal last year, the phone Samsung recalled and then eventually scrapped after some batteries overheated and caught fire. ...
US bank Wells Fargo agrees $110m lawsuit settlement image
Source : BBC [Read Article] Wednesday 29th of March 2017 12:09:51 AM
.... . Chief executive John Stumpf resigned in the wake of a scandal. ...
Plumbing firm Wolseley leads FTSE higher image
Source : BBC [Read Article] Tuesday 28th of March 2017 08:21:08 AM
....20p. The supermarket giant announced on Tuesday that its subsidiary, Tesco Stores Ltd, had in principle struck a deferred prosecution agreement with the Serious Fraud Office over its 2014 accounting scandal. ...
Tesco to pay £129m fine over accounting scandal image
Source : Guardian [Read Article] Tuesday 28th of March 2017 07:16:54 AM
Tesco fined £129m for overstating profits image
Source : BBC [Read Article] Tuesday 28th of March 2017 06:35:26 AM
Tesco and Serious Fraud Office near to deal over accounting scandal image
Source : Guardian [Read Article] Monday 27th of March 2017 05:46:01 PM
. The Serious Fraud Office and Tesco are within days of announcing a settlement that could mean Britain’s biggest supermarket chain will pay a multimillion-pound fine over an accounting scandal. ...
UK's borrowing binge is worrying the Bank of England image
Source : Guardian [Read Article] Monday 27th of March 2017 02:29:00 PM
....The short-term cost of all this will be the payouts to Energy Solutions and Bechtel, but this will doubtless be just a downpayment on a much bigger bill for a new decommissioning contract beginning in 2019. This is not the first procurement scandal and it is not the last, but it should lead to a rethink of who– apart from the lawyers – is benefiting. ...
Chinese firm MTR to help operate UK's South West trains franchise image
Source : Guardian [Read Article] Monday 27th of March 2017 07:52:43 AM
....“Once again the government has refused to consider the public sector option for a major rail franchise and instead it’s a foreign state operator, in this case the Chinese state, which is set to make a killing at the British taxpayers’ expense,” he said. “That is nothing short of a scandal and reinforces the demand for nationalisation of our rail assets for the benefit of the British passenger and taxpayer. ...
BT fined £42m over delays to high-speed cable installation image
Source : Guardian [Read Article] Monday 27th of March 2017 03:54:47 AM
....The £42m penalty follows a bad week for BT after Ofcom fined subsidiary Plusnet £880,000 for continuing to charge more than 1,000 customers more than £500,000 after they had cancelled their accounts. The fine is the latest headache for Gavin Patterson, the chief executive of BT, who has endured a torrid year that included an accounting scandal at its Italian operation that wiped £8bn off its shares. ...
Google's bad week: YouTube loses millions as advertising row reaches US image
Source : Guardian [Read Article] Saturday 25th of March 2017 10:00:06 AM
....”. The dispute adds weight to demands for companies such as Google to take more responsibility for what is on their websites, as Facebook was forced to do in the wake of the “fake news” scandal. ...

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