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...He also said the post-pandemic travel boom could be running out of steam....
...This comes after a difficult post-pandemic period for the company, with heavy losses due to production issues and chip shortages....
...JPMorgan, along with other large banks, received stakes in Visa at the time of the company’s initial public offering in 2008. The stock came with significant restrictions over when it could be sold....
...The company said this was “driven by IPO expenses”, and posted its first quarterly profit on an adjusted basis of $10mn....
...The company added that Tutin had made some recommendations on improvements to the Post Office’s processes, which were ‘helpful’ and would be addressed....
...Earlier this week, the inquiry heard that former Post Office chief executive Paula Vennells complained that her general counsel had put professional obligations above the company’s interests by failing to...
...General counsel play a prominent role in shaping the legal strategy of a company or organisation and advising executives on the best approach to compliance and handling legal risk....
...The inquiry also heard Bates wrote in 2003 to Allan Leighton, former chair of the Post Office’s parent company Royal Mail between 2002 and 2009, to raise concerns over accounting shortfalls....
...The ITV drama Mr Bates vs The Post Office achieved the remarkable feat of jolting the UK government into action over the decades-long Horizon accounting software scandal in Britain....
...The tech company on Thursday announced revenue of $90.8bn, compared with consensus estimates of $90.3bn....
...The company’s consolidated profit after tax in the quarter to the end of March fell 39 per cent to Rs4.49bn, compared with the same period last year....
...Post Office chief executive officer Nick Read has been “exonerated of all the misconduct allegations” against him following an external investigation, according to the company, after a public spat with the...
...trade — following their reintroduction post-Brexit — has become less attractive....
...Adam Crozier, who ran Royal Mail, then the Post Office’s parent company, between 2003 and 2010 told the inquiry later that he lacked a “developed understanding” of the business’s approach to prosecutions...
...He stressed that the company made no “promises on future profits” as it depended on the pace of investments....
...The company declined to comment further on Staunton or the findings....
...The Japanese IT company developed the faulty computer system at the centre of the affair, but has long distanced itself from the miscarriage of justice which involved the Post Office prosecuting more than...
...Fujitsu could face “financial sanctions” to help fund compensation for victims of the Post Office scandal if the Japanese software company was found to be at fault, said the UK postal affairs minister....
...Fujitsu has suspended bidding for UK public contracts pending the conclusion of a public inquiry into the Post Office Horizon scandal....
...Britain’s Post Office Horizon scandal blights the reputation of nearly everyone it touches....
...Emails between Alan Cook and colleagues at parent company Royal Mail in 2009 shared with a public inquiry showed the former Post Office boss raised doubts around the veracity of claims made by sub-postmasters...
...Fujitsu has agreed to contribute to the compensation of sub-postmasters convicted in the Post Office Horizon scandal, as the Japanese company apologised to British MPs for its role in the affair....
...The FT spoke to Professor Mark Thomson, one of the leading candidates for the post....
...He said the company could edit these data sets and make “any adjustments” that were “agreed with the Post Office”....
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