Advertisement
UK markets close in 7 hours 2 minutes

  • FTSE 100

    7,888.54
    +40.55 (+0.52%)
     

  • FTSE 250

    19,433.20
    +93.06 (+0.48%)
     

  • AIM

    744.39
    +1.27 (+0.17%)
     

  • GBP/EUR

    1.1675
    +0.0008 (+0.07%)
     

  • GBP/USD

    1.2470
    +0.0014 (+0.11%)
     

  • Bitcoin GBP

    48,963.21
    -2,007.02 (-3.94%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • S&P 500

    5,022.21
    -29.20 (-0.58%)
     

  • DOW

    37,753.31
    -45.66 (-0.12%)
     

  • CRUDE OIL

    82.19
    -0.50 (-0.60%)
     

  • GOLD FUTURES

    2,393.30
    +4.90 (+0.21%)
     

  • NIKKEI 225

    38,079.70
    +117.90 (+0.31%)
     

  • HANG SENG

    16,385.87
    +134.03 (+0.82%)
     

  • DAX

    17,796.35
    +26.33 (+0.15%)
     

  • CAC 40

    8,013.93
    +32.42 (+0.41%)
     
Money:

5 ways to get help with childcare costs

Childcare is eye-wateringly expensive, here are some ways to save money

Tata Sons strongly rebuts allegations in ousted chairman's letter

Reuters - UK Focus

MUMBAI, Oct (HKSE: 3366-OL.HK - news) 27 (Reuters) - India's Tata Sons in a statement on Thursday strongly rebutted allegations in a leaked letter from ousted chairman Cyrus Mistry to the Tata Sons' board saying the damaging claims in it were 'unsubstantiated' and 'malicious' and went against corporate governance practice.

"It will be beneath the dignity of Tata Sons to engage in a public spat with regard to the several unfounded allegations appearing in his leaked confidential statement," Tata Group said in a press release.

"These allegations are not based on facts or the true state of affairs. It is convenient to put selective information in the public domain to defend one's point of view."

Mistry in his confidential letter to the Tata Sons board soon after being removed from the group had said he was a lame duck chairman and warned of $18 billion writedowns due to poor investments.

(Reporting by Mumbai Newsroom; Editing by Euan Rocha)