Economy+london

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Brits lose 14 bln pounds to fraud annually

Detective Chief Superintendent Ken Farrow, head of the City of London Police Fraud Squad and chairman of the ACPO National Working Group on Fraud estimates fraud accounts for losses of 14 bln pounds to the UK economy annually. In 2003, credit card fraud losses alone were over 402 mln pounds, as a result of theft, counterfeiting and other types of card crime.

October 4, 2004 by

Dot-coms crash and burn in new economy slump

More gloom fell upon the dot-com economy today as news of further UK b2c failures emerged. Flagship b2c site Lastminute.com's share price fell below 100p for the first time on the London Stock Exchange yesterday. On the opening of morning trading the price continued to fall, down 9 per cent to 85.5p.

November 9, 2000 by

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