Crime Reduction Initiatives, the £80m-turnover drug and alcohol support charity, is restructuring its operations into two distinct divisions in order to capitalise on the government’s new offender rehabilitation agenda.

Homelessness organisation St Mungo’s and alcohol and drug service Foundation66 have teamed up for a payment-by-results contract worth a potential £367,000.

The prospect of a single charity registration process for both HMRC and the Charity Commission is not far off, Charities Act reviewer Lord Hodgson hinted to a conference audience yesterday.

In the face of continued low interest rates on deposit balances, banks are finding more innovative ways of adding value, finds Diane Sim.