Scandal later today. Between 1999 and 2015 Hundreds Of Sub Postmasters were wrongly prosecuted due to faulty software. Its the first time shell publicly speak about her role in the scandal for nearly a decade. Our Business Correspondent emma simpson has the details. Its 2012, and Paula Vennells is in herfirst year as the new boss of the post office. Shes already spent half a decade with the business. And here shes on a visit to the shop floor. Retail is detail. I dont know whoever it was that said that, but it is that. And you come to places like this and you find out the Little Things that make the operation much more efficient. Back then, the post office was haemorrhaging money. The pressure is on to turn things around. But did she put profits before people . Theres a sack full of questions waiting for her now. Lee bought the Bridlington Branch in 2003. The losses soon began. Here he is after the post office made him bankrupt with huge legal costs as they pursued him in court. So imp
In the short term, as ben king reports. The recipes havent changed in 90 years in this Traditional Bakerin 90 years in this Traditional Baker in west sussex, but the cost of their ingredients has. Flour prices, meat prices, Energy Prices all up. The cost of fat has doubled. That has put the squeeze on profits, but the end is in sight. The end is in sight. Prices arent continuing the end is in sight. Prices arent continuing to the end is in sight. Prices i arent continuing to increase that much. They definitely arent coming down, that doesnt happen very often, but it does seem that things have plateaued a bit, and im pleased to see that the pressure could the next few months will pass on to our customers and employees as well, which will be great for everyone. Well, which will be great for everyone well, which will be great for eve one. ~ , everyone. And official figures are telling everyone. And official figures are telling the everyone. And official figures are telling the same everyo
For the Miscarriage Ofjustice of Sub Postmasters and she broke down in tears under questioning. The horizon it software wrongly said money was missing from branch accounts and more than 900 Sub Postmasters were convicted. Ms vennells was Chief Executive from 2012 to 2019 and today started giving evidence to the inquiry. Among the questions to answer what did she know about the ability of others to remotely access the accounts . For years the post office denied this was possible. The inquiry s seen a transcript of a call with a Senior Lawyer in 2013 which suggests that Paula Vennells had been briefed about a covert operations team. Also, did she mislead mps in 2015 when she appeared in front of a committee on the issue. And should she have done more to get to the bottom of it . Our Business Correspondent theo leggett has been listening to her evidence so far. His report contains Flash Photography from the start. Any word before you go in ms vennells. At the heart of a bitter scandal. An
The stock soared more than 90 this year alone, all of this out the back of enthusiasm that al out the back of enthusiasm that ai will boost corporate profits. The question is will the big spenders microsoft, mike amazon micros on. Wall street is betting the chip maker will exceed expectations of. Chip maker will exceed expectations of. Staying with al. Several global firms made a fresh pledge at a two day Artificial Intelligence Summit In Seoul to develop ai safely. The companies include the us tech giants google, meta and microsoft, as well as Asian Firms Alibaba and samsung electronics. They vowed to ensure the safety of their most advanced ai models with promises of accountable governance and public transparency. This summit in south korea follows an inaugural meeting held in the uk last november. Japan is turning out to be a popular tourist Pixar Animation Studios is laying off roughly 14 is of its workforce. As part of a broader restructuring of the Parent Company walt disney and