Bumi reveals $200m black hole in financial results

Scandal-hit mining group says it seeks to recover the $152m in 2012 and $49m in 2011 that had ‘no clear business purpose’Bumi, the scandal-hit mining group, has revealed a $200m (£130m) black hole at its main subsidiary, as it released much-delayed financial results for 2012.The FTSE-250 company – which has been dogged by a very […]
Continue reading…

Enjoyed this post? Share it!

 
 

Probation reform: payment by results can reduce reoffending | Rob Owen

The recent announcement from the justice secretary, opening up probation work to the private and voluntary sectors, may help to rebuild livesSt Giles Trust believes charities can play a bigger role in future criminal justice services. We welcome justice secretary Chris Grayling’s announcement last week that supervision for prisoners sentenced to less than a year […]
Continue reading…

Enjoyed this post? Share it!

 
 

Channel 4 content boost results in £29m loss

Record £434m investment in original programming, including Paralympics coverage, tips broadcaster into ‘temporary deficit’Read the Channel 4 annual report in fullChannel 4 has reported a loss of £29m for 2012, as intended, as part of a strategy of extra investment in content including its acclaimed London 2012 Paralympics coverage and building its digital audience data […]
Continue reading…

Enjoyed this post? Share it!

 
 

Probation cannot be solved by a minister in a hurry | Editorial

Reforming probation is too important to be jeopardised by a rush to results for partisan political purposesTwo problems have haunted successive home and justice ministers. The first is that three fifths of prisoners who have served sentences of less than 12 months reoffend. Second, there’s no system of support for them on release, and these […]
Continue reading…

Enjoyed this post? Share it!

 
 

Local elections 2013: the results in full

Results from 35 council in England and Wales are coming in through the day. Here’s who now controls which councils, and how many seats they have.Who controls your council? And who has the most seats after 2013’s local elections? The full results, updated hourly, are below, with seats and overall control for each council. Local […]
Continue reading…

Enjoyed this post? Share it!