Alfred McAlpine has sacked six executives, and its finance director has resigned, after large volumes of slate disappeared from its mine in North Wales.
Finance director Dominic Lavelle volunteered to join the dismissed executives after accepting that the long-running 'extensive and systematic fraud' developed when he was responsible for financial controls. The company was forced to make a £56M adjustment to its accounts - The Telegraph
A boat engineer who tried to steal a yacht piece by piece escaped jail yesterday. James Light, 35, had hoped to build his own boat by using the £55,000 worth of parts he had smuggled out from boat manufacturer Sunseeker in Poole, Dorset - The Telegraph
Dubai's ruler Sheikh Maktoum has ordered an end to construction of anoffshore real estate development after thousands of people signed an online petition protesting against the scheme - Financial Times
World Bank presdent Paul Woolfowitz has called in Bill Clinton's former lawyer Robert Bennet as an adviser, as the board investigates his involvement in securing a payrise for his girlfriend Shaha Riza - Financial Times
Women cyclists are far more likely to be killed by a lorry because, unlike men, they tend to obey red lights and wait at junctions in the driver's blind spot, Transport for London has revealed. Its study, suppressed since last July, suggests that cyclists who jump lights may be safer and that cycle feeder lanes may make the problem worse. The Times
Eight of Britain's leading companies, including Tesco, Marks & Spencers and Barclaycard, yesterday launched a campaign to help shoppers cut carbon dioxide emissions. The move is designed to encourage families to cut household emissions by one tonne - or 10% - over the next three years - The Guardian