DAILY BRIEFING: White-collar crime prosecutions drop nearly a third to 7,786 in past seven years


City & Finance Reporter for the Daily Mail

Fraud slide: The number of white-collar crime prosecutions has dropped

Fraud slide: The number of white-collar crime prosecutions has dropped

Fraud slide: The number of white-collar crime prosecutions has dropped

FRAUD FAIL The number of white-collar crime prosecutions has dropped by nearly a third to 7,786 in the past seven years, research by law firm Pinsent Masons shows.

It comes after budget cuts to the police and Crown Prosecution Service.

CLASSIC LENDING Property lender Cambridge & Counties Bank, which is owned by the Cambridgeshire council pension scheme and Cambridge University college Trinity Hall, is preparing to launch loans for customers who want to buy a classic car.

CITY BOOST A property fund which invests in fast-growing European cities made a £9.5m profit for the six months to March – up from £3.7million a year earlier. 

The Schroder European Real Estate Investment Trust also announced a dividend for the most recent quarter of 1.85 euro cents per share.

SUMMER JOB Humphrey Singer will start his job as chief finance officer of Marks & Spencer on July 9. The 52-year-old is joining from Dixons Carphone.

DRIVING OFF Uber’s branding chief Bozoma Saint John is leaving the taxi app for entertainment company Endeavor.

CRYPTO CRACKDOWN Rules for crypto currencies have been tightened on the Apple App Store.

The Silicon Valley giant has put restrictions on mining, storage and payment of digital coins across apps.

Supporters say this will make it harder for scammers to operate through its devices.

SALES SURGE Fire-alarm maker Halma made sales of £1.1billion last year, a 12 per cent annual increase and the first time it has passed £1billion sales. 

Profits grew 9 per cent to £171million. Halma was promoted to the FTSE 100 in December.

ISLAND SUCCESS Falkland Islands-based conglomerate FIH has posted record sales of £43.8million and profits of £3.3million. 

The company plans to pay a full-year dividend of 4.5p per share, an increase of 12.5 per cent.

SMOKING HOT Cigarette maker British American Tobacco (BAT) has insisted it will deliver solid full-year earnings growth, despite flagging a currency hit.

If foreign-exchange rates remain the same for the rest of the year, it will impact profits by 8 per cent for the first half and 6 per cent for the full year.

As previously announced, BAT expects revenues from next-generation products – such as vaping and ecigarettes – to double this year to ‘substantially’ more than £1billion.




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