The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksITV Share News (ITV)

Share Price Information for ITV (ITV)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 77.20
Bid: 76.95
Ask: 77.00
Change: 1.55 (2.05%)
Spread: 0.05 (0.065%)
Open: 74.65
High: 77.20
Low: 74.65
Prev. Close: 75.65
ITV Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Britain moves to quash wrongful Post Office convictions after historic miscarriage of justice

Wed, 10th Jan 2024 14:47

LONDON, Jan 10 (Reuters) - The British government plans to introduce new legislation to overturn the wrongful convictions of hundreds of Post Office managers in one of the biggest miscarriages of justice in the country's history, Prime Minister Rishi Sunak said on Wednesday.

Between 1999 and 2015, hundreds of self-employed sub-postmasters at branches of the state-owned Post Office - many of them at the heart of small communities and often run by family teams - were convicted of theft, fraud and false accounting because faulty computer software wrongly showed thousands of pounds missing from their accounts.

Some sub-postmasters were jailed, hundreds of others saw their livelihoods destroyed, and several are reported to have committed suicide.

A TV dramatisation aired at the start of the year has provoked public anger over their treatment and calls for executives and politicians to be held to account.

While 93 convictions have been overturned, more than 800 others are yet to be quashed.

Sunak told parliament that the new legislation will make sure that those wrongfully convicted are "swiftly exonerated and compensated".

"This is one of the greatest miscarriages of justice in our nation's history. People who worked hard to serve their communities had their lives and their reputations destroyed through absolutely no fault of their own," he said.

Some legal experts have warned that the unprecedented step of legislating to have convictions quashed meant that politicians were meddling in the independent judicial process, potentially risking similar interference in the future on other issues.

The normal process for anyone to have their conviction overturned in Britain is for the convicted party to lodge an appeal. However, the government and the main opposition have said the exceptional circumstances of the cases demanded an exceptional response.

Under the plan, sub-postmasters will be able to sign a document to have their convictions reversed and claim compensation, the government said.

About 138 million pounds ($176 million) has been paid to at least 2,700 claimants under three separate Post Office compensation schemes so far.

A public inquiry is expected to conclude later this year, while London police are conducting a separate investigation.

Public anger over the scandal has erupted since ITV's "Mr Bates vs The Post Office" was broadcast earlier this month. It is the most watched programme on any channel so far this year, with 9.2 million viewers tuning in, the broadcaster said.

While questions have been raised about the role of Japan's Fujitsu, the maker of the defective Horizon software, politicians and former Post Office executives are also facing scrutiny.

On Tuesday former Post Office boss Paula Vennells, who oversaw many of the prosecutions of sub-postmasters, handed back a national honour after more than 1 million people signed a petition demanding she be stripped of it. ($1 = 0.7859 pounds)

More News
27 Jul 2023 07:52

ITV earnings slide amid 'challenging' advertising market

(Sharecast News) - Broadcaster ITV posted a drop in interim earnings on Thursday as it cited a "challenging" advertising market.

Read more
14 Jul 2023 15:22

IN THE KNOW: ITV makes All3Media u-turn worth more than GBP1 billion

(Alliance News) - ITV on Friday said it is no longer actively exploring the possible acquisition of All3Media, in a u-turn worth more than a reported GBP1 billion.

Read more
14 Jul 2023 12:06

LONDON MARKET MIDDAY: Stocks mixed as US banking earnings pour in

(Alliance News) - Stock prices in London were mixed at midday Friday, a more muted end to a bullish week, as investors digest the first batch of earnings from US banking stocks.

Read more
14 Jul 2023 09:13

LONDON BROKER RATINGS: HSBC says 'buy' AstraZeneca but 'reduce' GSK

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
14 Jul 2023 08:33

Britain's ITV no longer 'actively exploring' All3Media deal

LONDON, July 14 (Reuters) - Britain's ITV is no longer "actively exploring" the possible acquisition of All3Media, the broadcaster and entertainment company said on Friday.

Read more
14 Jul 2023 08:18

ITV confirms no longer exploring possible acquisition of All3Media

(Alliance News) - ITV PLC on Friday said it is no longer actively exploring the possible acquisition of All3Media.

Read more
14 Jul 2023 07:56

LONDON BRIEFING: Burberry shines in China; ITV-All3Media deal unlikely

(Alliance News) - Stocks in London are expected to slip into the red at Friday's open, in a tepid conclusion to what has been a largely positive week for global equities, as the market prices in a lower peak for US interest rates.

Read more
14 Jul 2023 07:02

ITV 'no longer looking' to buy All3Media

(Sharecast News) - UK broadcaster ITV said it was no longer looking at buying TV and film production business All3Media, owned by Warner Bros Discovery and Liberty Global.

Read more
13 Jul 2023 09:18

LONDON BROKER RATINGS: HSBC raises Watches of Switzerland to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
19 Jun 2023 09:10

LONDON BROKER RATINGS: Redburn likes Entain; HSBC lifts FirstGroup

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
16 Jun 2023 10:40

Britain's ITV considers possible deal to buy All3Media

LONDON, June 16 (Reuters) - Britain's ITV is "actively exploring the possible acquisition" of production company All3Media, it said on Friday after Reuters reported the broadcaster's interest.

Read more
16 Jun 2023 08:47

LONDON MARKET OPEN: Stocks head higher as pound tops USD1.28 again

(Alliance News) - Stock prices in London opened higher on Friday, taking their cue from Asian and US equities, while investors weighed recent interest rate decisions.

Read more
16 Jun 2023 08:42

TOP NEWS: ITV confirms considering buy of production firm All3Media

(Alliance News) - ITV PLC on Friday confirmed media reports that it is actively exploring the possible acquisition of production group All3Media Ltd from its joint owners Warner Bros Discovery Inc and Liberty Global PLC.

Read more
16 Jun 2023 07:54

LONDON BRIEFING: Tesco sales up; ITV mulls AllMedia3 acquisition

(Alliance News) - Stocks in London are called higher on Friday, as investors consider the week's central bank decisions, with the latest coming from Japan.

Read more
16 Jun 2023 07:04

Britain's ITV confirms it is looking to buy All3Media

LONDON, June 16 (Reuters) - British broadcaster ITV said on Friday it was "actively exploring the possible acquisition of All3Media", confirming a Reuters story that it was exploring a deal to buy the production company. (Reporting by Kate Holton; editing by William James)

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.