London’s King of Mining Ian Hannam forced to pay £450K fine July 22, 2014 City heavyweight Ian Hannam must pay his £450,000 fine for insider dealing by 7 August, the Financial Conduct Authority (FCA) ruled yesterday. Former JP Morgan rainmaker’s fall from grace sent shockwaves through the square mile when he was accused of wrongly disclosing confidential information to Iraqi Kurdistan’s oil minister, relating to client oil firm Heritage in 2008. [...]
Restaurant bites back: Blogger fined for review appearing too high in Google search July 17, 2014 A food blogger has been fined after her searing review of a French restaurant ranked too highly in Google search results. The article, called "the place to avoid in Cap-Ferret: Il Giardino", was written by Caroline Doudet following her trip to the restaurant in south western France last year. In it, she complained of [...]
Quindell bids to reassure investors July 14, 2014 Quindell, the Aim-listed insurance firm whose shares plummeted 60 per cent following a scathing blog post by US short seller Gotham City Research, came out fighting yesterday with a bullish trading statement showing a 117 per cent jump in revenues over the past six months. Shares in the firm rose 30 per cent on the [...]
Drax shares climb after winning court case on biomass subsidies July 14, 2014 SHARES in Drax jumped yesterday, on news that the UK’s largest power plant operator had won a legal challenge against the government’s decision to reject one of its units for a new type of subsidy. The FTSE 250 firm, which operates a coal-fired power station in Yorkshire, expected to be eligible for a new renewable [...]
HC-One bosses on verge of £5m sell off jackpot July 14, 2014 The care home company created in the wake of the Southern Cross collapse is weeks away from being sold in a £535m deal which could net senior management a £5m bonus. The sale of HC-One will generate the one-off windfall for the senior management team at HC-One, a company formed of Court Cavendish, owned by [...]
The Aussie boss eyeing an M&A avalanche July 14, 2014 Progility boss Wayne Bos tells Michael Bow how he plans to take on the UK M&A market In the late 1990s Wayne Bos, the Australian executive chairman of training provider Progility, had just helped complete the management buyout of a division from London blue chip ICI when the telephone rang. It was a corporate adviser [...]
Focus On… Wimbledon: A game of two halves July 10, 2014 AS THE Championships drew to a close last week, it wasn’t just Novak Djokovic who was counting his prize money. Savvier residents in the leafy, south west London suburb who rented their property out for the fortnight also earned themselves a tidy profit, according to estate agents Hamptons International. “Many home owners choose to let [...]
TfL court ruling delayed as Uber drivers are sued July 3, 2014 The battle over Uber’s controversial car hire app escalated yesterday as Transport for London (TfL) said its attempt to get a High Court ruling on the dispute would be seriously delayed following news that the Licensed Taxi Drivers Association (LTDA) was taking its own legal action against Uber drivers. The dispute focuses on whether Uber’s [...]
Don’t give up on the Union: Scots should vote with their heads, not their hearts July 3, 2014 SEVEN hundred years ago, the Scots won a glorious victory at Bannockburn. The Yes campaign says we should seize this September’s referendum to be that nation again! My heart hears the call: I am Scots first and foremost. But my head says no. Why give up on a Union that has immeasurably improved the prosperity [...]
We need more rights over our data – but Google was wrong to “forget” Robert Peston blog July 3, 2014 "THERE is no such thing as bad publicity,” Google must be thinking as the internet firm is once again in the headlines. This time, it stands accused of removing an article, written by the BBC’s economics editor Robert Peston, from its search results. Google is either being uncharacteristically clumsy in its attempts to comply with [...]