Business losses from employee corporate fraud double on last year to nearly £90m August 28, 2018 Businesses lost nearly £90m from fraud carried out by their own employees this financial year, double the figure for the year before, new data reveals. The Home Office defines corporate employee fraud as when an employee is able to obtain property or greater remuneration through the act of fraud, as well as the misuse of corporate cards and expenses. [...]
City law firm criticises HMRC’s use of informants to claw back receipts from tax evaders August 28, 2018 A city law firm has criticised HM Revenue and Customs (HMRC) for paying informants to provide details on possible tax evasion, saying there were "ethical risks" tied to the practice. RPC said the practice of paying informants opened up the risk of increased data theft as disgruntled employees with an axe to grind could be persuaded into [...]
Deliveroo launches online training scheme and scholarship for drivers August 28, 2018 Deliveroo drivers are to be given access to hundreds of online courses free of charge and the chance to obtain a new university degree as the company unveils its new diversity scheme. Deliveroo has partnered with vocational training provider Open Classrooms to provide its workers with the courses, which it says suits the flexible hours its [...]
Predator Oil & Gas sets sights on monetising Trinidad and Ireland prospects August 28, 2018 Predator Oil & Gas Holdings today outlined plans to generate cash for investors after successfully funding its short and medium-term operations in its recent listing on the London Stock Exchange. The new listing, formed to take advantage of drilling prospects in the Republic of Trinidad and Tobago, raised £1.3m through its May IPO, and has [...]
City blues: Meet the Tories hoping to take on Sadiq Khan in the 2020 race for City Hall August 27, 2018 The spectre of the 2016 mayoral campaign still hangs over the capital’s Tories. The crass, dog-whistle tactics deployed by Zac Goldsmith’s team failed to prevent Sadiq Khan receiving more votes than any of his predecessors, and left a bad taste in Londoners’ mouths that remains even now. The memory clearly weighs heavy on the three [...]
Netflix hires top Facebook communications executive ahead of international expansion August 27, 2018 Netflix has hired top Facebook executive Rachel Whetstone as its new chief communications officer. Whetstone joined Facebook in September last year to run communications for Whatsapp, Instagram and Facebook Messenger. The former head of policy at Uber and Google will run global communications for the streaming service as it looks to expand internationally. Netflix chief [...]
Tesla can’t afford Elon Musk’s eccentricities August 27, 2018 In the late hours of Friday night, Elon Musk published a blog post that brought to an end a three-week period of intense speculation and investor confusion. The billionaire Tesla founder declared that, having discussed the matter with his board, taking the company private “would be even more time consuming and distracting than initially anticipated.” [...]
Theresa May needs to clarify the government’s ‘no deal’ message August 27, 2018 With each passing day the Prime Minister's previous insistence that “no deal is better than a bad deal” slips further down the political memory hole. It used to be trotted out as often as “Brexit means Brexit” – but as exit day draws closer, and the tension ramps up, we don't hear Theresa May offering [...]
Theresa May sets sights on Africa trade as Brexit disputes rage August 27, 2018 Prime Minister Theresa May will this week try to start the new parliamentary session on the front foot as she leads a delegation of business figures to Africa seeking to boost trade relations, despite intense criticism of her Brexit plans at home. May will use a speech tomorrow in South Africa’s Cape Town to focus on [...]
Takeover battle heats up as Pebblebrook offer tempts LaSalle August 27, 2018 The takeover battle for LaSalle Hotel Properties took another turn today, as the luxury-hotel owner suggested it may reconsider a bid from Pebblebrook several months after agreeing to an acquisition from Blackstone. LaSalle said that an unsolicited bid from Pebblebrook Hotel Trust could lead to a "superior proposal", throwing the firm’s accepted takeover offer from Blackstone [...]