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...Analysts who cover the stock have a poor outlook on the company, with 23 per cent of those tracked by Bloomberg providing a “sell” rating while 70 per cent have rated it “hold”....
...The firm’s administrators, represented by Mishcon de Reya, said in written arguments that the couple received at least £23.9mn from LCF and spent “large sums” on luxury travel and dining at exclusive restaurants...
...In its 2022-23 accounts, the state-owned business wrote down the provision for one scheme from £487mn to £244mn. Ministers have earmarked £1bn in compensation for Post Office victims....
...Former Post Office chair Henry Staunton used an “offensive and outdated term” about a candidate for a job, according to an independent probe into conduct at the state-owned group....
...The Post Office posted pre-tax losses of £81mn in 2022-23, down from £131mn the previous year....
...UK business secretary Kemi Badenoch vehemently defended herself against “disgraceful” claims that she had unfairly dismissed the chair of the Post Office....
...The Post Office posted pre-tax losses of £81mn in 2022-23, down from £131mn in the previous year....
...The former chair of the Post Office twice asked for chief executive Nick Read’s pay to be increased, a minister has told MPs, fuelling concerns over the business’s management....
...A public spat between the ousted chair of the Post Office and the UK government descended into further mudslinging on Tuesday after he claimed the state-owned company’s boss was under investigation for misconduct...
...The former chair of the Post Office railed against the scandal-hit organisation’s chief executive Nick Read and accused him of bullying the business’s former human resources director, in a letter to MPs...
...Take a light laptop when you travel, keep a powerful desktop machine in the home office, and ping files between the two as necessary....
...Italian authorities have arrested 23 people and seized more than €600mn as they investigate suspected fraud involving the EU’s €800bn Covid recovery funds....
...former chair about his behaviour....
...Staunton was sacked as chair in January by business secretary Kemi Badenoch....
...Kemi Badenoch and the former Post Office chair were locked in a war of words on Monday, as the business secretary accused Henry Staunton of making “wild, baseless allegations” about the government’s handling...
...The public dispute between UK business secretary Kemi Badenoch and ousted Post Office chair Henry Staunton risks deterring experienced business executives from applying for senior public sector roles, serving...
...The chair of the Post Office has quit its board as the UK government said it was seeking “new leadership” for the state-owned business at the centre of the Horizon scandal....
...Why should that bar them from any office in the future?”...
...Sir Wyn Williams, chair of the public inquiry, said witnesses would be recalled if required after it emerged that tens of thousands of documents had been disclosed late by the Post Office in recent months...
...Vennells, who served as Post Office chief executive between 2012 and 2019, wrote to MPs in 2015 stating there was “no functionality in Horizon” for either the Post Office or Fujitsu to “edit, manipulate...
...In a critical report, the National Audit Office on Wednesday said infant care could be compromised by a substantial “influx of more inexperienced staff”, as well as changes in supervision ratios for two-year-olds...
...The UK government has denied claims made by the former chair of the Post Office that he had been instructed to stall payments to sub-postmasters ahead of the general election, after critics hit out at ministers...
...The Fed’s latest projections showed officials still expected to cut rates by 0.75 of a point this year, down from their 23-year high of 5.25-5.5 per cent....
...Cook “certainly always gave the impression of someone who was very much in control of his brief”, said Crozier, now chair of telecoms group BT....
...Civil Aviation Authority last month found that fixing the technical problem that caused the failure was “more protracted than it might otherwise have been” because some senior engineers were not in the office...
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