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Corporate governance

July 2024

  • a red and white Post Office sign outside a branch, seen in close-up

    Post Office Horizon inquiry told of ‘incomplete curiosity’ and ‘toxic culture’

    Former chair of Whitehall agencies overseeing state-owned businesses gives view on what went wrong
  • Tim Parker pictured in a grey suit and white shirt with Paula Vennells dressed in a red jacket next to a red post office box outside a branch in Sussex

    Ex-Post Office chair expresses ‘sincere regret’ over Horizon scandal

    Tim Parker tells inquiry the firm relied too heavily on lawyers and should have shown key report to the board
    • M&S increases stocks of smaller womenswear sizes due to higher demand

    • Post Office: next government urged to consider transferring ownership to operators

    • Nils Pratley on finance
      M&S gets it right (finally) on annual meetings. Others should make an effort

      Nils Pratley

June 2024

  • Gareth Jenkins arrives at the at Post Office Horizon  inquiry

    Ex-Fujitsu engineer admits changing court testimony at request of Post Office

  • the green and yellow BP logo atop a petrol station forecourt stand

    BP staff risk sack if they fail to disclose intimate relationships with colleagues

  • Men in hi-viz vests stand by tall pallets of bottled water

    Boss of South West Water’s owner gains £300,000 pay rise

  • Elon Musk photographed in profile against a black and white striped background

    Observer business agenda
    Tesla leads charge to defend Elon Musk’s $56bn pay package

  • Asda-owning Issa brothers divide their empire as Zuber sells supermarket stake

  • Elon Musk may ‘step back’ if shareholders reject $56bn pay package, Tesla chair warns

  • Officials considered sacking Paula Vennells as Post Office boss in 2014

  • Boohoo investors seek £100m in damages after minimum wage row

  • Ex-Post Office chair says senior executives misled board over Horizon issues

  • Nils Pratley on finance
    Is the British Gas boss really worth £8.2m?

    Nils Pratley
  • Owner of UK national lottery operator to sever ties with Gazprom

  • UK ‘robber baron’ company Melrose gives bosses £176m handout

May 2024

  • a man in a hi-viz jacket labelled WATER passes a Severn Trent Water sign on a van

    Severn Trent increases payout to shareholders despite its 60,000 sewage spills last year

    Final dividend hiked by 9% as MPs write to Ofwat boss urging him to deny water firms’ requests in price review process
  • a high street with major bank branch logos, including Lloyds, Barclays, NatWest and HSBC

    UK firms accused of profiteering as study finds margins rose 30% post-pandemic

    Unite union study of 17,000 firms shows sectors from energy to banking, and vets to car dealerships, profited from inflation crisis
  • a line of trademark yellow JCB diggers

    JCB built and supplied equipment to Russia months after saying exports had stopped

    Exclusive: Russian customs records suggest firm owned by major Tory donor kept supplying machines after ‘voluntary pause’
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