![]() ![]() The British satellite operator Inmarsat is to be sold on to a U.S. JD Sports has described the covert filming of its executive chairman, Peter Cowgill, as "highly irregular and potentially illegal" and denied any wrongdoing after the footage captured a meeting between the businessman and his counterpart at Footasylum, the trainer retailer. The independent inquiry into how hundreds of post office workers were wrongfully accused of theft, fraud and false accounting as a result of computer errors has been urged to demand immediate compensation for those affected. The Japanese investment giant lost 397 billion yen ($3.5 billion) in the three months to the end of September, versus a profit of $5.5 billion year earlier. SoftBank has fallen into the red after Beijing's regulatory blitz against China's business elite knocked the valuation of technology companies.
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