National Lottery owner Camelot fined £3m over fraudulent claim in 2009 December 16, 2016 The Gambling Commission has fined National Lottery operator Camelot £3m over allegations of a fraudulent prize claim in 2009. The commission said today that Camelot had breached its operating licence, with three key problems with its controls relating to databases and other information sources; the way it investigated a prize claim; and its processes around the [...]
Reckitt Benckiser’s Nurofen fine has been tripled by an Australian court after a consumer watchdog appealed December 16, 2016 An Australian court has tripled the fine imposed on Reckitt Benckiser over claims it misled customers over Nurofen to AU$6m (£3.5m). Shares in company behind Durex and Dettol were down 1.3 per cent in early trading. The British drug manufacturer was initially handed a $1.7m fine earlier this year, however, Australia's competition and consumer watchdog appealed [...]
Balfour Beatty sells streetlight project stakes to Equitix for £33m December 16, 2016 Infrastructure group Balfour Beatty is selling an 80 per cent stake in its street lights business for £33m. Funds managed by Equitix are buying the majority of Balfour's interests in five street lightling PFI projects. Balfour said the cash consideration of £33m would be retained within the group, and said the proceeds from the sale were [...]
Lloyd’s of London to set out plans for EU move in the new year December 15, 2016 Lloyd's of London will provide more insight into its Brexit preparation plans early next year, when it unveils the timetable for moving part of its business to another EU member state, with Ireland, France and Germany among the front-runners for its new foreign setup. The insurance giant is in the process of choosing a destination [...]
Stansted Express disruption: Trains cancelled and delayed due to incident between Seven Sisters/Tottenham Hale and Broxbourne December 15, 2016 Trains running between Seven Sisters/Tottenham Hale and Broxbourne are subject to severe disruption this afternoon due to an incident on the track. Stansted Express services are experiencing delays and may be cancelled, with disruption expected to continue until 8pm. #EmergencyServices – Services running through these stations may be cancelled, delayed by up to 60 minutes [...]
Burger King is going to swap unwanted Christmas gifts for Whoppers December 15, 2016 If you're already practising your pretend I-love-it face in preparation for receiving more terrible presents this Christmas, Burger King has some good news for you. The fast food chain is offering a burger swap for unwanted gifts this year. Ungrateful Unfortunate recipients of presents that are unnecessary, unsuitable or just a bit crap, can bring [...]
Shell finance chief Simon Henry to leave after 30 years with the oil major December 15, 2016 Royal Dutch Shell announced today that finance chief Simon Henry will step down in March 2017, to be replaced by Jessica Uhl. Henry – who was appointed to the Lloyds Bank board in 2014 – has been with Shell for over 30 years, and has been chief financial officer for seven. "I have been privileged to [...]
Flights into London City Airport hit by cancellations and delays December 15, 2016 Flights in and out of London City Airport have been hit by cancellations and delays this morning, with the airport blaming adverse weather conditions for the disruption. Due to adverse weather there may be some delays & cancellations this morning, passengers are advised to check with airline for flight status — London City Airport (@LondonCityAir) [...]
Online takeaway company Just Eat buys rivals Hungryhouse and SkipTheDishes December 15, 2016 Online takeaway company Just Eat has snapped up two of its rivals, Hungryhouse and SkipTheDishes, a Canadian firm. Shares in the group went up two per cent at the open. Just Eat paid £200m for Hungryhouse, which it bought from Delivery Hero. The group said a further cash amount of up to £40m "may also be payable, subject [...]
City Tube station Mansion House closed this morning amid Southern strike chaos December 14, 2016 Mansion House Tube station in the City is closed this morning due to an absence of staff, affecting District and Circle Line services. https://twitter.com/districtline/status/808823708018212864 Meanwhile, Temple station is also shut for the same reason. https://twitter.com/districtline/status/808823525607874560 The Tube disruption follows yesterday's chaos at a number of the capital's busiest stations, and comes as the latest round [...]
