Security giant G4S has been ordered to pay £44.4 million to avoid prosecution after ‘very substantially’ overcharging the Government for tagged criminals – including some who had died. The Serious Fraud Office (SFO) and G4S agreed a fine of more than £38.5 million and costs of £5.9 million after a near-decade-long probe found three counts … Read more
Luxury fashion firm Burberry has today signalled plans to lay off its workers in a bid to save £55million after the coronavirus lockdown slashed its revenues by half. The firm, which employs over 1,000, said that retail sales plunged 45 per cent in the three months to June 27 due to lockdown closing stores. Retail … Read more
Health and safety equipment maker Halma has promised to hand dividend-deprived shareholders an extra boost in its next payout. Bucking a trend that has seen dozens of FTSE 100-listed firms cancel or push back handouts as they struggle to balance their books in the Covid era, Halma has raised its total dividend by 5 per … Read more
Government BANS Huawei in major U turn : Boris Johnson vows to strip out Chinese tech giant’s equipment from UK’s 5G network by 2027 in move which will delay roll out by two years – but its presence in 3G and 4G will not change Government today announced Huawei will be banned from the UK’s … Read more
Nanotechnology firm seals funds to sue Samsung claiming the Korean firm stole patented tech to use in their TVs By Daily Mail City & Finance Reporter Published: 21:51 BST, 13 July 2020 | Updated: 21:51 BST, 13 July 2020 Nanoco has secured a chunk of funding to help it pursue a lawsuit against Samsung. The … Read more
The Apprentice winner Joseph Valente’s plumbing firm that he set up with Lord Sugar has gone bust owing almost £2million The plumber walked away victorious in 2015 when he won the popular TV show The Italian impressed Sugar with his plan of franchising his plumbing company Mr Valente given £250,000 to set up his firm … Read more
A firm boasted it could win a gong for a celebrity author for £80,000, the Daily Mail reveals. Leaked emails expose a cynical offer to help Barbara Taylor Bradford become a dame by getting direct feedback from ‘the people that matter’. The brazen messages stated: ‘Basically our fee is 80K plus VAT… we bill half … Read more
Swiss firm will offer billionaires $500,000 ‘treasure chamber’ vaults carved in to a mountain to store prized possessions Plan for the vaults has been put forward by Swiss firm Bruenig Mega Safe AG To be built inside Bruenig massif, a mountain near Lucerne, central Switzerland Vaults will range from 3,531 cubic feet to up to 1,000 … Read more
Samsung’s 2021 smartphones may not include a free charger as the firm looks to cut costs A report suggests Samsung will remove default chargers starting in 2021 The firm’s new smartphones typically come with a power adapter However, a report says Samsung is looking to cut costs by eliminating it The news follows a week after … Read more
Former Nissan Motor Co. Chairman Carlos Ghosn wired more than £650,000 to a company linked to one of the men accused of helping smuggle him out of Japan in a box last year, prosecutors said in a new court filing. Prosecutors filed documents Tuesday detailing two wire transfers made by Ghosn in October 2019 as … Read more