The Serious Fraud Office (SFO) has widened its investigation into corruption allegations at UK defence giant BAE Systems.
Together with Ministry of Defence Police, the SFO raided three business addresses and a home earlier this week.
The SFO said the raids were not related to existing inquiries into BAE defence contracts in Romania and Saudi Arabia
Five UK firms are among 30 companies to have been fined a total of 314.7m euros (£211.5m; $399
BP is facing a fresh lawsuit in the US, alleging it manipulated oil prices by limiting access to important storage facilities in 2003 and 2004.
Oil futures trader Richard Hershey claimed he suffered financial damage as a result of BP’s alleged action, which he said artificially affected prices.
BP said it had not seen the lawsuit and therefore could not comment
The Association of British Travel Agents (Abta) is reducing the protection for customers offered by its code of conduct for travel agents.
From 1 September, compensation will no longer be paid to people who have lost money to a dishonest travel agent.
Abta says this sort of thing normally happens only once a year
GlaxoSmithKline has agreed to pay out $70m (£36.9m) to settle numerous civil claims of price-fixing in the US.
Several states, health plans and numerous consumers had launched legal action against the group claiming it had inflated the price of some drugs
Troubled software firm iSoft has found evidence of irregularities affecting its accounts for 2004 and 2005.
Isoft said the problems mainly related to stating revenues earlier than they should have been.
An independent probe into its accounting problems also concluded there were grounds for a more formal investigation, iSoft added
Royal Bank of Scotland (RBS) has announced that it is to install 300 free-to-use cash machines in some of the UK’s poorest locations.
The bank said it wanted to make cash easily available to poorer consumers.
Citizens Advice recently warned that many poorer parts of the UK were becoming cash machine “deserts” as banks closed branches
LONDON (Reuters) – The Serious Fraud Office is to investigate Southern Water for misleading regulators over its customer service standards, the company said on Wednesday.
Privately held Southern Water, whose biggest shareholders include Royal Bank of Scotland, already faces a fine from water regulator Ofwat for supplying incorrect figures.
Southern Water told Ofwat and the SFO last year that it had uncovered discrepancies during the installation of a new customer billing system
BBC executives have been awarded significant pay increases, the corporation’s annual report has said.
The revelations come amid job cuts at the corporation, with unions warning that staff could strike as a result.
Director general Mark Thompson’s salary rose to £609,000 in 2005-6, with his deputy Mark Byford receiving £403,000
BUENOS AIRES (MarketWatch) — In what could be one of the biggest fraud cases in Argentine history, French retailer Carrefour SA (12017.FR) has alleged in a series of lawsuits that accounting firm PriceWaterhouseCoopers and one of its most high-profile Argentine clients conspired to defraud it in the sale of a local supermarket chain.
Carrefour has claimed in four separate criminal and civil suits that the directors of Norte Supermarkets former owner, Argentine investment firm Exxel Group, instructed their accountants at the chain to inflate the company’s earnings before interest, tax, depreciation and amortization