How many people does it take to change a light bulb in the roof inside Heathrow airport’s Terminal 5? No one at London’s main airport knows. But they do need to be high-wire artists. The departures concourse of the futuristic, award-winning terminal has become increasingly dark. And Exaro has obtained a copy of an e-mail that sheds light on the murky problem.
Business / INSOLVENCIES
Insolvencies in the sector that includes hotels and restaurants have risen in the past year, analysis by Exaro reveals.
The ‘accommodation and food-service’ sector saw increases in three out of four categories of insolvencies in the quarter to October compared with the same period last year, according to latest figures from the Exaro Insolvency Index. And the fourth category stayed at the same level.
Not content with shopping sources to the police, executives at News UK are instructing journalists on The Sun to identify contacts on expenses claims. To expect journalists effectively to commit career suicide and document their meetings with sources, naming them in the process, is the latest crazed move from News Corporation, writes the general secretary of the National Union of Journalists.
Reporters on The Sun have reacted with fury after receiving an edict from management to identify their confidential sources. Two leaked e-mails reveal that all Sun reporters have been instructed to name any source who is a “public official” in their expenses claims. The move has sparked alarm because the newspaper’s parent company has revealed a series of confidential sources to police.
Investigators at the Serious Fraud Office fear that it has lost even more files from its most sensitive case than initially thought. Exaro can reveal that investigators are on a desperate hunt to determine whether the SFO has mislaid even more material than the 32,000 pages, 81 audio tapes plus electronic media that it admitted losing in August.
Companies providing legal and other professional services are still suffering from rising insolvency levels, according to latest figures from the Exaro Insolvency Index. And there are mixed signals about the sector’s prospects for stability in the near future. The sector that covers a wide range of professional services, including accountancy, shows rises in three out of four categories of insolvencies, in comparison with last year.
Media mogul Rupert Murdoch’s lieutenant in charge of four UK newspapers shared his boss’s fondness for blunt speaking. And blunt he was at a private meeting with a group of arrested journalists on The Sun. Today, we upload audio extracts of key comments by Tom Mockridge, as chief executive of News International, made at a secretly recorded meeting.
Media mogul Rupert Murdoch’s UK newspapers face total costs from phone hacking of £1 billion, according to an estimate by a key lieutenant. Tom Mockridge, as chief executive of News International, gave the staggering estimate during a private meeting. Exaro has a transcript of the meeting, which was secretly recorded, and audio of a series of his astonishingly blunt comments.
Media mogul Rupert Murdoch’s lieutenants fear that Exaro’s exposure of the secret recording of him threatens the future of his entire empire. Senior managers and directors at Murdoch’s media empire are especially worried that the recording, exposed by Exaro in July, has undermined their strategy to contain fall-out from toxic scandals at the newspaper arm in the UK.
Details of two offshore companies drawn into an investigation into bribery in Saudi Arabia have leaked after the Serious Fraud Office lost the case files. Bank documents gathered by the SFO during its sensitive investigation into BAE Systems show that two Panamanian-registered entities and one other company received a series of mysterious payments that totalled $21.4 million.
Data compiled by the Exaro Insolvency Index show that the UK’s economy is back on track – with falls in all types of company failures. By contrast, last month’s analysis showed a mixed picture, after June figures revealed what appeared to be a turning point for the economy. However, the figures this month show falling numbers of companies filing for insolvency.