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The former chairman of the Post Office has claimed he was instructed by a senior Government official to slow down compensation payments for sub-postmasters to allow the Tories to “limp into” the next election.
The global chief executive of Fujitsu has apologised for the first time over the firm’s role in the Horizon scandal.
Former Vodafone boss Nick Read took home more than £4m in pay and bonuses last year despite being ousted following a dramatic slump in the company’s share price.
Vodafone Group Plc is planning to shed several hundred jobs, most of which are located at its London headquarters, the Financial Times reported on Friday, citing people briefed on the discussions. The report follows Vodafone's November announcement of cost-saving measures worth 1 billion euros ($1.08 billion) in the wake of a deteriorating market outlook. ($1 = 0.9225 euros)
Nick Read will be replaced by his finance director on an interim basis until a successor is appointed.