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Nick Read (Post Office CEO)
Nicholas James Read (born March 1966) is a British business executive who was CEO of Post Office Limited from 2019 to 2025. Previously he held senior positions in several customer-facing businesses, and was CEO of Nisa from 2015 to 2017. Early life Read was born in March 1966 in Hanover, Germany, the son of a soldier. He was educated at Ampleforth College, then an all-boys independent Catholic school, and the Royal Military Academy Sandhurst. In August 1986, Read was commissioned in the British Army as a second lieutenant in the 4th/7th Royal Dragoon Guards. He was promoted to lieutenant on 9 August 1988. He left the regular army in August 1989 and was transferred to the Territorial Army, where he gained the rank of captain in October 1993. In 1991–1992 he completed a bachelor's degree in Business Studies at the University of Buckingham. Business career After leaving the Army in 1993, Read worked for Aldi UK and Deloitte Consulting, and held senior positions at Tesc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Post Office Limited
Post Office Limited, formerly Post Office Counters Limited and commonly known as the Post Office, is a state-owned retail post office company in the United Kingdom that provides a wide range of postal and non-postal related products including postage stamps, banking, insurance, bureau de change A bureau de change (plural bureaux de change, both ; British English) or currency exchange (Comparison of American and British English, American English) is a business where people can exchange one currency for another. Nomenclature Original ... and identity verification services to the public through its nationwide network of around 11,500 branches. Most of these branch post offices (%) are run by Franchising, franchise partners or by independent business people known as subpostmasters; Post Office Limited directly manages the remaining 1%, known as Crown post offices. Since 2020, a public enquiry has been under way into the company's actions which led to between 700 and 900 subpo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aldi
Aldi (German pronunciation: ), stylised as ALDI, is the common company brand name of two German multinational family-owned discount supermarket chains operating over 12,000 stores in 18 countries. The chain was founded by brothers Karl and Theo Albrecht in 1946, when they took over their mother's store in Essen. The business was split into two separate groups in 1960 that later became Aldi Nord (initially Northern West Germany), headquartered in Essen, and Aldi Süd (initially Southern West Germany), headquartered in neighbouring Mülheim. In 1962, they introduced the name Aldi (a syllabic abbreviation for "Albrecht Diskont"). In Germany, Aldi Nord and Aldi Süd have been financially and legally separate since 1966, although both divisions' names may appear as if they were a single enterprise with certain store brands or when negotiating with contractor companies. Each company is owned and operated independently, but they do have contractual business with one another. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business And Trade Select Committee
The Business and Trade Select Committee is a select committee of the House of Commons in the Parliament of the United Kingdom. The remit of the committee is to examine the expenditure, administration and policy of the Department for Business and Trade, and any departmental bodies. The committee came into existence as the Business, Innovation and Skills Committee on 1 October 2009, replacing the Business and Enterprise Select Committee, which was dissolved on 30 September 2009. The House of Commons agreed to the committee's establishment on 25 June 2009, following Prime Minister Gordon Brown's replacement of the Department for Business, Enterprise and Regulatory Reform with the Department for Business, Innovation and Skills on 5 June 2009. Following the merger of the Department of Energy and Climate Change and the Department for Business, Innovation and Skills in July 2016, the name of the committee was changed to the Business, Energy and Industrial Strategy Committee in October 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Post Office Scandal
The British Post Office scandal, also called the Horizon IT scandal, involved the Post Office pursuing thousands of innocent subpostmasters for apparent financial shortfalls caused by faults in Horizon, an accounting software system developed by Fujitsu. Between 1999 and 2015, more than 900 subpostmasters were convicted of theft, fraud and false accounting based on faulty Horizon data, with about 700 of these prosecutions carried out by the Post Office. Other subpostmasters were prosecuted but not convicted, forced to cover shortfalls—caused by Horizon—with their own money, or had their contracts terminated. The court cases, criminal convictions, imprisonments, loss of livelihoods and homes, debts, and bankruptcies led to stress, illness, family breakdowns and at least four suicides. In 2024, Prime Minister Rishi Sunak described the scandal as one of the greatest miscarriages of justice in British history. Although many subpostmasters had reported problems with the new soft ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alan Bates (subpostmaster)
Sir Alan Bates (born ) is a former subpostmaster and a leading campaigner for victims of the British Post Office scandal, in which thousands of subpostmasters were accused of dishonesty when faulty Post Office accounting software created shortfalls in their accounts. After the Post Office terminated his contract in 2003 over a false shortfall, he sought out other subpostmasters in the same position and went on to found the Justice For Subpostmasters Alliance in 2009. The group took the Post Office to court and, following two favourable judgments in '' Bates & Others v Post Office Ltd'', accepted a settlement of £57.75 million, which left the 555 claimants with little money after legal fees were paid. Bates has continued to campaign for fair compensation for subpostmasters. He was knighted in June 2024 for his campaigning and the following month received an honorary degree from Bangor University. Early life and education Alan Bates was born in in Liverpool. He studied graphic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bates & Others V Post Office Ltd
''Bates & Others v Post Office Ltd'' was a UK group legal action taken by 555 subpostmasters against Post Office Limited, commonly known as the Post Office, the state-owned post office company. It was heard by Justice Fraser in the High Court between 2017 and 2019. Six judgments were handed down, two of them dealing with substantive matters while the rest dealt with procedural matters. The Common Issues trial examined the contract between the subpostmasters and the Post Office and found largely in favour of the claimants, while the Horizon Issues trial found that Horizon, the Post Office's accounting software, contained bugs, errors and defects that could cause shortfalls in the subpostmasters' accounts. Further scheduled trials were not held, as the claimants and the Post Office settled after the Horizon Issues trial. The action was part of the response to longstanding injustices which later became known as the Post Office scandal. Background Subpostmasters are self-emplo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Extra Energy
Extra Energy Supply Ltd (trading as extraenergy) was an independent retail energy supplier based in Birmingham, England. It supplied gas and electricity to domestic and small business customers. Extra Energy was part of Extra Holding, which operates in industries including telecoms, travel, insurance and energy. History The company was launched in the United Kingdom in April 2014 and by October of that year was the fastest-growing energy supplier in the country. Extra Energy was founded and solely owned by Moti Ben-Moshe. The company launched in Germany in 2008, where it had more than two million customers by 2014. The energy supplier consistently featured in "best buy" tables since it launched into the UK market by offering the best dual fuel tariffs, although it drew 1,682 complaints per 100,000 customers in the first three months of 2016, according to figures from Citizens Advice, which said this was "the highest complaints ratio ever recorded" in the five years since it b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Co-operative Group
The Co-operative Group Limited, trading as Co-op and formerly known as the Co-operative Wholesale Society, is a British consumer cooperative, consumer co-operative with a group of retail businesses, including grocery retail and wholesale, legal services, funerals and insurance, and social enterprise. The group has its headquarters located at One Angel Square in Manchester, England. The Group also manages the Co-operative Federal Trading Services, formerly the Co-operative Retail Trading Group (CRTG). History Beginnings (1844–1938) The Co-operative Group has developed over the years from the merger of co-operative wholesale society, co-operative wholesale societies and many independent retail societies. The Group's roots are traced back to the Rochdale Society of Equitable Pioneers, established in 1844. The Rochdale Society of Equitable Pioneers was based on the Rochdale Principles – which notably introduced the idea of distributing a share of profits according to purcha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cranfield School Of Management
Cranfield School of Management, established in 1967, is a business school that is part of Cranfield University in Bedfordshire, United Kingdom. Cranfield School of Management is triple accredited by the Association of MBAs (AMBA), EQUIS and AACSB. Campus The Cranfield University campus, which includes the School of Management, is located just outside the village of Cranfield in the Bedfordshire countryside, near Milton Keynes. The School's Management Information Resource Centre offers access to electronic resources and is equipped with a Bloomberg Suite, a series of terminals offering access to live financial services news and data on industries, markets, economic indicators, equities, bonds and derivatives. The school also has a purpose-built residential management training centre. The Cranfield School of Management and the Defence College of Management and Technology at Shrivenham deliver the MBA (Defence), formerly Master of Defence Administration (MDA), at the Defence A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas Cook Group
Thomas Cook Group plc was a global travel group, headquartered in the United Kingdom and listed on the London Stock Exchange from its formation on 19 June 2007 by the merger of Thomas Cook AG — successor to Thomas Cook & Son — and MyTravel Group until 23 September 2019, when it went into compulsory liquidation. The group operated as a tour operator and airline, and also operated travel agencies in Europe. At the time of the group's collapse, approximately 21,000 worldwide employees were left without jobs (including 9,000 UK staff) and 600,000 customers (150,000 from the UK) were left abroad, triggering the UK's largest peacetime repatriation. After the collapse, segments of the company were purchased by others, including the travel stores in the UK, the airlines, the Thomas Cook name and logo, the hotel brands and the tour operators. Thomas Cook India has been an entirely separate entity since August 2012, when it was acquired by Fairfax Financial and thus was not ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lloyds Banking Group
Lloyds Banking Group plc is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees. Lloyds Bank was founded in 1765 but the wider Group's heritage extends over 320 years, dating back to the founding of the Bank of Scotland by the Parliament of Scotland in 1695. The Group's headquarters are located at 25 Gresham Street in the City of London, while its registered office is on The Mound in Edinburgh. It also operates office sites in Birmingham, Bristol, West Yorkshire and Glasgow. The Group also has overseas operations in the US and Europe. Its headquarters for business in the European Union is in Berlin, Germany. The business operates under a number of distinct brands, including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Former Chief Executive António Horta-Osório told ''The Banker'', "We will keep the d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HBOS
HBOS plc is a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group, having been taken over in January 2009. It was the holding company for Bank of Scotland, Bank of Scotland plc, which operated the Bank of Scotland and Halifax (bank), Halifax brands in the UK, as well as HBOS Australia and HBOS Insurance & Investment Group Limited, the group's insurance division. HBOS was formed by the 2001 merger of Halifax (bank), Halifax plc and the Governor and Company of the Bank of Scotland, Bank of Scotland. The formation of HBOS was heralded as creating a fifth force in British banking as it created a company of comparable size and stature to the established ''Big Four (banks), Big Four'' UK retail banks. It was also the UK's largest mortgage lender. The HBOS Group Reorganisation Act 2006 saw the transfer of Halifax plc and Capital Bank plc to the Bank of Scotland, which had by then become a registered public limited company, Ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
