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The issue principally relates to the collection of receivables from customers and accounting for uncollected amounts since financial year 2010/11. Certain uncollected receivables were inappropriately offset against deferred income rather than being expensed to the income statement in the appropriate
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(Reuters) – Tesla Inc (TSLA.O) shares slumped 5 percent on Monday as investors awaited production numbers for the closely watched Model 3, a cheaper vehicle that analysts see as crucial to the luxury electric automaker's long-term profitability.
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Twenty-First Century Fox said it could legally separate Sky News within the wider Sky group to allay the concerns of a British regulator about the news service's continuing independence under Rupert Murdoch's ownership.
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The local-news broadcaster has ignited public outrage by making its journalists rail against “fake news.” Its viewers won't care.
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