Private equity executive Randy Work ordered to make £72m divorce payout to ex-wife Mandy Gray by top London court March 10, 2015 A former private equity exec has been ordered to pay his ex-wife £72m – much more than he'd been offering. Randy Work, a former exec at Lone Star, said his estranged wife Mandy Gray should receive just £5m ($7.5m) of his wealth. He said his £150m ($225m) pot was protected by a post-nuptial agreement originally signed in Texas. [...]
Bank of England tight lipped on liquidity market probe March 5, 2015 Threadneedle Street was on lockdown yesterday, as Bank of England officials declined to give any details of potential fraud around its liquidity operations in the crisis years. A spokesperson for the Bank said it would not answer questions on speculation over which of the Bank’s schemes the alleged fraud relates to. “We are not getting [...]
Sport Comment: Johnson arrest to KO Sunderland March 5, 2015 Winger’s absence likely to cost Black Cats dear in battle to avoid relegation THERE are moments in a football season where the campaign turns on a dime – or one key moment. We might have seen one on Sunday when Chelsea, a dominant force anyway, turned on the afterburners for the rest of this term [...]
Pharma and jobs data calm edgy investors – New York Report March 4, 2015 US SHARES closed down yesterday for the second day in a row as investors stepped back after a recent rally ahead of jobs data due later in the week. Healthcare stocks were the only bright spot in the market after a US Supreme Court hearing and a cancer drug approval. The Dow Jones industrial average [...]
Plebgate: Andrew Mitchell to pay out £80k in libel damages to police officer March 4, 2015 MP and former chief whip Andrew Mitchell will pay £80,000 in damages to the police officer at the centre of the "plebgate" row. PC Toby Rowland has accepted the libel damages to settle the legal case after the high court ruled last year that Mitchell had called Rowland a pleb while cycling past the officer [...]
Plain packaging sets scene for Irish court battle March 3, 2015 IRELAND has become the first country in the EU to pass a law requiring the plain packaging of cigarettes. The bill, which must be signed by the country’s president, makes Ireland only the second country in the world to remove branding from tobacco products. The packaging will be dark and plastered with warnings about the [...]
Ireland passes plain packaging of tobacco law as UK anticipates legal battle March 3, 2015 The Republic of Ireland has become the first country in the EU to pass a law requiring the plain packaging of cigarettes. The bill, which must be signed by the country's President, makes Ireland only the second country in the world to remove branding from tobacco products. The packaging will be dark and plastered with [...]
Bankrupt chief of finance quits Superdry owner February 25, 2015 SUPERGROUP’S finance chief Shaun Wills left his £475,000 job yesterday after admitting to the company that he had been declared personally bankrupt. Wills, a chartered accountant who joined the owner of the Superdry fashion brand in 2012, is understood to have been caught in a row with HM Revenue & Customs over an unpaid tax [...]
Tottenham Hotspur stadium development gets go-ahead after High Court appeal decision February 20, 2015 Tottenham has been given the green light to build a new 56,000-seater stadium at White Hart Lane following a High Court battle. A judge has rejected an appeal by Archway Sheet Metal Works, the owner of the sole property standing in the way of construction of the Premier League club's new stadium, which had argued that [...]
Tottenham prepare £350m loan facility for new stadium project February 18, 2015 TOTTENHAM have a £350m loan facility in place for the construction of their new 56,000-seater stadium, it emerged yesterday during a High Court battle over the controversial plans. The bridging loan from HSBC is available to the club in the event of a funding shortfall for the arena, which they hope to open in 2018, [...]