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Theo LeggettInternational business correspondent and Michael Sheils McNameeBusiness reporter Getty Images Sanjay Shah was imprisoned in Denmark in a separate criminal trial last year Denmark’s tax authority has lost a £1.4bn fraud case at the High Court in London in one of the highest value civil cases ever heard in the UK. Skatteforvaltningen, known as…
Josh MartinBusiness reporter Getty Images Tesco expects to make a profit this year of up to £3.1bn The boss of Tesco has warned the government against adding extra costs to UK retailers in the upcoming Budget, saying “enough is enough”. Ken Murphy said he did not want to see a repeat of the last Budget,…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Denmark has lost a £1.4bn tax fraud case at the High Court in London in a blow to the country’s efforts to recover monies from the sprawling “cum-ex” scandal. The Nordic country’s tax authority had…
Thames Water’s lenders have submitted a new rescue plan to prevent the UK’s largest water company from collapsing. London & Valley Water, a consortium of large financial institutions and investors, has submitted proposals which include writing off about a third of the company’s near £20bn debt pile and investing an initial £5.4bn to stablise the…
Gemma HandyBusiness reporter, St Johns, Antigua Getty Images Homes in Barbuda were flattened by 2017’s Hurricane Irma For some Barbudans, thunderstorms still trigger flashbacks of the night in September 2017 when they lost everything they owned to Hurricane Irma’s devastating winds. Eight years on, while memories may be close to hand, home insurance for many…
Zoe Conway & Esyllt CarrEmployment correspondent and producer Katia Pirnak Nadine Fallone was awarded nearly £65,000 for unfair dismissal Nadine Fallone was awarded nearly £65,000 by an employment tribunal for unfair treatment and dismissal after reporting staff taking drugs at the bar she managed. But more than a year later she has not received any…
Hackers who attempted to extort a nursery chain by posting stolen images and data about children on the darknet have removed the posts and claim to have deleted the information. The criminals began posting profiles of the children to their website last Thursday, adding another 10 children days later and vowing to continue until Kido…
Rachel ClunBusiness reporter Getty Images A company linked to peer Baroness Mone and her husband Doug Barrowman has been ordered to pay £122m in damages after a judge ruled it breached a government contract for the supply of personal protective equipment (PPE) during the Covid pandemic. The Department of Health and Social Care sued PPE…
High street baker Greggs is set to raise prices on its breakfast meal deals and biscuits in response to growing cost pressures, the company’s chief executive has said. Roisin Currie said the price increases would kick in from Thursday. She said the action was being taken in response to increased staffing costs, including the impact…
The boss of Pinterest has told the BBC the death of Molly Russell is a daily reminder of the urgent need to make social media safer for young people. The app – which functions like a digital notice board – hit the headlines when the 14-year-old, from Harrow, in northwest London, took her own life…
