Search Page
Purchasers should be as careful when they buy goods and services from an online marketplace as from a bazaar on holiday, says Sean Hanley
BAe Systems is to become the world’s largest defence contractor after its takeover of Lockheed Martin’s aerospace electronics business was approved.
Most companies think fraud is inevitable and cost it into their budgets, according to a survey of 800 managers by Management Today magazine. But more than 30 per cent believe that if they cracked down on fraud such as expenses, invoice fiddling and making personal phone calls or surfing the internet, they would lose staff.
Chocolate maker Nestlé Rowntree has reassured suppliers it will respond to e-mails on a Friday - despite a ban on staff using internal e-mails on that day. The division of the giant Nestlé group is using its “no-e-mail-Fridays” to see if productivity can be improved by forcing employees into face-to-face communication.
Napp Pharmaceuticals has been fined £3.21 million by the Office of Fair Trading (OFT) for abusing a dominant market position. The company was found to have supplied sustained release morphine to patients at excessively high prices, while at the same time supplying the drug to hospitals at discount levels.
The Ministry of Defence is inviting tenders for 10,000 army trucks worth a total of £2 billion. The move follows the MoD’s decision that a private finance initiative scheme would not meet the army’s requirements and represent best value for money for the taxpayer.
BBC2, 6 November
Rating: 3/5