Energis declines to pay out as new deal looms
Struggling telecom business Energis yesterday said it will not pay its bondholders a £13.7m interest payment which falls due today, leaving the company technically i...
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Charities warned over inadvertent fraud
With the charity commission under growing pressure to bring to light charity fraud, malpractice or irregularities, it is up to voluntary organisations to look closely at ...
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Insurers accuse Morgan Chase of fraud
JP Morgan Chase, the battered Wall Street investment bank, was delivered another blow last night when it lost an attempt to force 11 insurance companies to honour $965m (...
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Union pressed to cut Labour cash
The leadership of the public service union Unison is facing rank and file pressure to divert millions from its political funds to a new fund set up to back non-Labour can...
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Uncertain future awaits Edward and Sophie
The Earl and Countess of Wessex, who are withdrawing from commercial life to help the Queen celebrate her golden jubilee, have not yet been included in any official jubil...
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Pompey pay up
Portsmouth chairman Milan Mandaric has backed down over his threat to withhold payment to his playing and coaching staff after a meeting with the players.
"The cheque t...
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The case of the disappearing dividend
Reckitt Benckiser, the healthcare products group, last week held its dividend at 25.5p a share, despite a 24 per cent rise in after-tax income, strong cash generation and...
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?2m step towards state party funding
The electoral commission is set to pay ?2m to political parties as part of a scheme that could prove a role model for full state funding.
The payments, of between ?125,0...
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IF only...
Q Last year, Intelligent Finance incorrectly cancelled my credit card (I had actually lost my Switch card). It ordered me a new one and lost it, so it ordered me another ...
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Corbett declines ?187,000 bonus at Woolworths
Former Railtrack chief executive Gerald Corbett has sidestepped another row over bonuses by declining to accept a £187,000 performance payment due to him in his role...
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