Articles about Torex Retail

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Fraud charges for 3 former Torex execs

The Serious Fraud Office (SFO) is charging three former executives of Torex Retail Plc with fraud offences. The company came to the attention of investigators four years ago after a trading update in 2007 which claimed all was well was quickly followed by a profit warning. The SFO raided several properties as a result, and the …
John Oates, 5 May 2011
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Clarity shareholders call for boss's head

Clarity Commerce Solutions has vowed to fight rebel shareholders calling for changes to senior management. A former chairman of the company and individuals representing 13 per cent of Clarity's share capital are calling for an extraordinary meeting to remove current chief executive Graham York. Earlier this month Clarity …
John Oates, 17 Apr 2007
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More dawn raids at Torex Retail

The Serious Fraud Office (SFO) raided two residential properties in Gloucestershire and Warwickshire and a business address in Banbury, where Oxfordshire-based software firm Torex Retail has its headquarters, as part of its investigation into the company. The simultaneous raids, carried out yesterday morning, did not lead to …
John Oates, 22 Mar 2007
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Torex Retail to lay off developers

Oxfordshire-based software company Torex Retail is laying off developers, but insists the move is not connected to the ongoing investigation into the company and its financial woes. Torex came unstuck when a trading update, which said everything was fine, was quickly followed by a profits warning last month. Shares in the …
John Oates, 2 Mar 2007

Torex Retail loses two more directors

Torex Retail said goodbye to two more directors late yesterday. The Oxfordshire-based software company came unstuck when a trading update, which said everything was fine, was quickly followed by a profits warning last month. Shares in the firm are suspended while KPMG tries to make sense of the company's accounts. Torex …
John Oates, 27 Feb 2007

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