Part owners win whistle-blower rights in ruling May 21, 2014 A LANDMARK judgement by the Supreme Court yesterday confirmed that limited liability partnership (LLP) members are entitled to the same whistle-blowing rights as other employees. The ruling, which determined that former Clyde & Co employee Krista Bates Van Winkelhof can claim status as a whistleblower despite owning a part of the firm, may have wide-ranging consequences [...]
What today’s Court of Appeal ruling means for FCA prosecutions May 21, 2014 Today’s ruling in the UK’s Court of Appeal has overturned the decision of a lower court to effectively halt a fraud prosecution pursued by the Financial Conduct Authority (FCA). The regulator has applauded the ruling, stating that it “is committed to pursuing criminal action in appropriate cases” and is “pleased that this case can now [...]
What today’s Court of Appeal ruling means for FCA prosecutions May 21, 2014 Today's ruling in the UK's Court of Appeal has overturned the decision of a lower court to effectively halt a fraud prosecution pursued by the Financial Conduct Authority (FCA). The regulator has applauded the ruling, stating that it "is committed to pursuing criminal action in appropriate cases" and is "pleased that this case can now [...]
Why the City should vote Ukip in the EU elections May 20, 2014 TOMORROW you will be able to vote in a once in a generation election that really will have a lasting impact on the destiny of this great nation. You will either choose not to vote; vote for a party that wants to remain in the European Union; or vote Ukip – a party that believes [...]
Trader Kerviel appeals to French president from the Italian border May 19, 2014 CONVICTED rogue trader Jerome Kerviel said yesterday he would stay in Italy rather than report to a French police station as required to start serving a three-year jail sentence. Kerviel, 37, said he was appealing to French President Francois Hollande to intervene in his case. He has spent over three years fighting charges stemming from [...]
Bottom Line: Culture of bribery makes for risky business May 14, 2014 EVERYONE rightly wants a share of China’s growth, but are companies ready for the challenges of a region where corruption is part of the landscape? China’s problem is notorious. President Xi Jingping is publicly leading an anti-corruption crusade and last year, Chinese courts convicted 29,000 people for embezzlement, bribery or dereliction of duty. China scored [...]
Pfizer bosses face off with MPs for second day May 14, 2014 Bosses of US drugs giant Pfizer have faced a second grilling from MPs over the company's proposed takeover of Astrazeneca. The deal would result in the creation of the world's largest pharmaceutical company. Andrew Miller, chair of the Science and Technology select committee, kicked off proceedings by asking why Pfizer and Astrazeneca would be a [...]
Pfizer lashes out at Astra’s cancer drug death claim May 13, 2014 SOURCES close to drug giant Pfizer yesterday slammed as “irresponsible” claims made by Astrazeneca boss Pascal Soriot that a proposed multi-billion pound takeover of the UK outfit could put lives at risk. People close to the company told City A.M. that the claim was a “red herring”, adding it was misguided to suggest a merger [...]
Focus on: Pharma bosses face MPs over merger May 13, 2014 Day one of the select committee hearing on Pfizer’s planned takeover of Astrazeneca threw up questions on everything from job guarantees to the Takeover Code and Ian Read’s bizarre gold decision coin. Here’s what you need to know. IAN READPfizer chairman and chief executive I have not seen Astrazeneca’s books. Some things are sight-unseen. But the [...]
More supercar bang for your buck May 12, 2014 We get under the hood of the new Nissan GT-R to assess whether it’s a force to be reckoned with ANOTHER year, another new version of the Nissan GT-R – but if you think you already know everything there is to know about Japan’s most unconventional supercar then you’re in for a surprise. If anything, [...]