Category: Corporate governance

Revealed: Thames Water diverted ‘cash for clean-ups’ to help pay bonuses

Exclusive: UK’s biggest water company assessed risks before cutting back on cost of environmental work, investigation showsThames Water intentionally diverted millions of pounds pledged for environmental clean-ups towards...

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Tory donor Lycamobile handed winding-up order from HMRC amid tax dispute

Pay-as-you-go simcard seller often filed late returns, had accounts queried by auditors and was embroiled in eight-year VAT battleLycamobile, a telecoms company that has given more than £2m to the Conservative party, has...

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Owner of UK national lottery operator to sever ties with Gazprom

Allwyn parent company says deal to buy 3% stake in Czech gas facility will cut final link with Kremlin-controlled energy firmThe billionaire owner of Allwyn, the company that runs the national lottery, will sever his last...

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Leisure centres scrap biometric systems to keep tabs on staff amid UK data watchdog clampdown

Firms such as Serco and Virgin Active pull facial recognition and fingerprint scan systems used to monitor staff attendanceDozens of companies including national leisure centre chains are reviewing or pulling facial recognition...

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Nothing has been done to stop repeat of P&O Ferries scandal, unions say

Despite UK government outrage the ‘legal loopholes remain and operator has been let off the hook’, says joint statementUnions have called for proper legal protection for seafarers on the second anniversary of the...

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Labour rules out raising corporation tax above 25% in next parliament

Shadow chancellor Rachel Reeves tells business summit of measures to boost investment, productivity and certaintyLabour will not raise corporation tax above its current rate of 25% during the next parliament, the party has...

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Greedflation: corporate profiteering ‘significantly’ boosted global prices, study shows

Multinationals in particular hiked prices far above rise in costs to deliver an outsize impact on cost of living crisis, report concludesProfiteering has played a significant role in boosting inflation during 2022, according to...

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Let boardrooms look beyond shareholder returns to drive productivity, report urges

Adapting business laws to include benefits other than profit in decision-making could add £149bn to UK economy, says Demos thinktankBritain’s economy could receive a £149bn boost from a change to UK business...

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