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Top related persons:
Paul Patterson - 1 Mr Bates - 1 Patterson - 1 Timothy Morse - 1
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Top related orgs:
Fujitsu Services - 1 Business - 1 Trade - 1 Nikkei - 1 Fujitsu - 1 IT - 1 Post - 1 ITV - 1

Search resuls for: "of Commons Business"


2 mentions found


☆ Fujitsu shares drop nearly 4% as its Europe chief says compensating Post Office victims is a 'moral obligation'
  + stars: | 2024-01-17 | by ( Lim Hui Jie | ) www.cnbc.com   time to read: +2 min
This case received new public attention this year when ITV broadcast a drama series, "Mr Bates vs The Post Office," about the sub-postmasters fight for justice. Horizon was manufactured by Fujitsu in 1999 and rolled out across Post Office branches to manage financial transactions. "We did have bugs and errors in the system and we did help the Post Office in their prosecutions of the sub-postmasters," he told the committee. The government has set aside 1 billion pounds in compensation for victims of the Post Office scandal. And the role of the post office has been well known in these court prosecutions, but Fujitsu for some reason had been rarely mentioned in the press."
Persons: Paul Patterson, Mr Bates, Patterson, Timothy Morse Organizations: Fujitsu Services, Business, Trade, Nikkei, Fujitsu, IT, Post, ITV, of Commons Business, Trade Committee, Government Locations: Europe, London
☆ UK car production is at its weakest since 1956. And the industry is losing the EV race
  + stars: | 2023-01-25 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +7 min
London CNN —UK car manufacturing hit a 66-year low in 2022, as the closure of two plants, a global shortage of semiconductors and the effect of Covid lockdowns in China on auto supply chains crippled output. “The relationship between the UK and the EU, especially as you electrify, is still fundamental to the success of UK car manufacturing,” he said. UK factories made a record 234,066 electric vehicles in 2022, almost a third of all UK car production. Aston Martin and Jaguar Land Rover, owned by India’s Tata Motors (TTM), are also positive about the prospects for electric vehicle manufacturing in the United Kingdom. “Our continued investment in our UK facilities … will herald an exciting new era of electric car production in the UK,” the company said.
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