Latest twist in HP battle sees small US reseller claim $16.5m for improper delivery of Autonomy software Continue reading…Read more
Takata is set to declare 33.8m vehicles defective after filing a series of four reports with US officials over both driver and passenger air bag inflators Continue reading…Read more
Ruling opens door for HM Revenue & Customs (HMRC) to recoup losses from other firms which used rate-booster schemesHigh street retailer Next has been hit with a £22.4m tax bill after a court found that it diverted profits made in the UK to of…Read more
Publisher also has high hopes for its 2015 fiction list, which includes new novels from Ian Boyd and Margaret Atwood
Harry Potter has conjured up another year of wizard sales for Bloomsbury, helping the publisher to ride out a decline in income from adult fiction.
Sales of the boy wizard’s adventures grew by 29% last year, following a reissue of all seven novels with new covers by Flintshire-based artist Jonny Duddle. Other star performers were The Sleeper and the Spindle by Neil Gaiman and Paper Towns by John Green, which helped boost revenues at Bloomsbury children’s division by 13%, allowing the publisher eke out a modest rise in total profits.Read more
Oil firm faces barrage of questions on commitment to battling global warming despite backing resolution passed by shareholders requiring it to take action
Shell shareholders have voted through a resolution requiring it to test its business against international goals to limit climate change – but Britain’s biggest oil company faced a barrage of questions over its commitment to battle global warming.
At its annual general meeting in The Hague, 98.9% of votes supported the call for Shell to report on whether its activities were compatible with a pledge by governments to limit global warming to a 2C rise.Read more
Economists have warned the Government against “complacency” after George Osborne claimed that Britain’s first dip into deflation in more than half a century was “good news” for families and the economy.
Chief executive Andy Clarke says Asda will stick to its plan on cutting prices and investing in its large stores
Asda has revealed its worst sales figures since the 1990s, confirming that it is now the poorest performing of the “big four” supermarkets.
Sales at established Asda stores fell 3.9% in the 15 weeks to 19 April, the worst since the UK’s second largest grocer began reporting quarterly figures in 2006. However, it is understood that the last time Asda performed so badly was back in the days ahead of its 1990s turnaround under Archie Norman and Allan Leighton.Read more
Leading shares lifted by hopes of acceleration of European bond buying Continue reading…Read more
Quarter of financial executives in US and UK earning over $500,000 a year would conduct insider trading if they thought they could get away with it
The wolf is still on Wall Street. According to a report released on Tuesday a third of financial executives who said they made more than $500,000 annually “have witnessed or have firsthand knowledge of wrongdoing in the workplace”. A quarter would conduct insider trading if they were guaranteed $10m – and knew they would get away with it.
Five years after the financial crisis and following a series of regulatory changes, high-profile prosecutions, fines and a handful of jailings, attitudes to wrongdoing in the US and the UK seem unchastened.Read more
Telecoms giant is entering fiercely competitive mobile, home phone, broadband and TV market dominated by Sky and Virgin Media Continue reading…Read more