UK corporations lost £960m to publicly reported fraud in the half year to June 30, the highest six-month total since at least 2003, when BDO Stoy Hayward began tracking corporate fraud.

There were 182 cases with combined losses of £960m reported to authorities to the end of June, compared with 121 cases and losses of £705m at the same time last year. At this rate, UK companies are on track to surpass the record for annual losses of £1.37bn set in 2006.