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Carillion 'shysters' stuffed their mouths with gold

MPs have demanded an overhaul of corporate oversight while blaming Carillion’s board, auditors and regulators for the construction company’s spectacular collapse. A joint inquiry by two Commons select committees concluded no-one stopped directors “stuffing their mouths with gold” for years before it went into liquidation in January with debts …

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Profits slump at Sir Philip Green's retail empire

Sir Philip Green’s retail empire has reported a 42% drop in profits for its last financial year, before pressure on high street retailers gathered momentum. Taveta Investments, home to the Arcadia group of brands including Topshop, Dorothy Perkins, and Burton, said it made operating profits before goodwill, amortisation and …

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Colao to step down from Vodafone after 10 years in charge

Vodafone’s chief executive Vittorio Colao will step down on October 1 after more than 10 years in charge of the world’s second-largest mobile phone company. Nick Read, group chief financial officer, who will become chief executive designate from July 27, will replace Mr Colao. Under Mr Colao’s tenure, Vodafone sold …

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Tesla to be 'reorganised' as share price falls

Tesla’s chief executive Elon Musk has told staff the firm is undergoing a “thorough reorganisation” after two of its cars were involved in crashes last week. The tech billionaire’s email to employees also comes amid production problems and senior staff departures, with shares falling 2.1% to $297 on Monday. …

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Stake cut will spark bid, William Hill warns

Slashing maximum bets on gaming machines will leave Britain’s biggest independent bookmaker at risk of being swallowed by an overseas rival, its chairman and chief executive warned ministers on Monday. Sky News has obtained a letter sent by Roger Devlin, the new chairman of William Hill, to Matt Hancock, …

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