High Court rules on Charterhouse exec share case May 8, 2014 THE HIGH Court yesterday dismissed claims by a former executive at private equity firm Charterhouse against the firm’s other bosses over the value of his stake in the firm. Geoffrey Arbuthnott, a director of the company, claimed other directors tried to “expropriate” his stake by undervaluing his shares. Arbuthnott owned 8.91 per cent when he retired. [...]
Libor trials in jeopardy over legal aid cuts May 1, 2014 BRITAIN’S anti-fraud regime could fall to pieces if more cases collapse from a lack of legal aid funding, insiders at the UK’s enforcement agencies warned yesterday. It comes after a judge at Southwark Crown Court halted a fraud case, worked on by the Prime Minister’s lawyer brother, because the five accused could not find a [...]
Murray assured of high seeding at Wimbledon April 29, 2014 WIMBLEDON champion Andy Murray has learnt his seeding for this year’s tournament will not be affected by his tumble down the world ranking’s in the last 12 months. Murray was ranked second in the world following his win at SW19 last year, but has since fallen to eighth place – his lowest ranking since July [...]
Tobacco plain packaging braced for legal showdown at the WTO April 28, 2014 The battle over Australia's law compelling the standardised packaging of tobacco is set to come to a head after two years of procedural wrangling. The case will now be settled in court by the World Trade Organisation (WTO) after five countries brought the action against Australia arguing the law was a restriction on intellectual property [...]
LME loses first stage of appeal April 16, 2014 The London Metal Exchange (LME) yesterday lost the first stage of an effort to appeal against a court ruling which halted a reform aimed at reducing logjams at its global network of warehouses. Last month, the High Court ruled in favour of aluminium producer Rusal, which feared falls in aluminium prices if the LME changed [...]
What the other papers say this morning – 16 April 2014 April 15, 2014 FINANCIAL TIMES Market troubles dent Moelis flotation Boutique investment bank Moelis raised $163m from its US initial public offering after last-minute investor concerns forced it to shrink the size of its share sale and cut the price of the deal below its expected range. The IPO is the latest to come under pressure on the [...]
What the other papers say this morning – 15 April 2014 April 14, 2014 FINANCIAL TIMES Sports Direct to sell online using credit Sports Direct, the sportswear retailer controlled by Mike Ashley, is poised to begin selling on credit via its website, as it seeks to emulate the model successfully used by fashion chain Next. Dave Forsey, chief executive of Sports Direct, said the company would begin offering credit [...]
Why the Lib Dems’ new mansion tax-lite is just as ugly April 14, 2014 SOME Liberal Democrats seem to have finally conceded that their “mansion tax” pet project is a bad idea. Chief secretary to the Treasury Danny Alexander has gone off the proposal to levy a 1 per cent charge on the value of properties above £2m, preferring higher council tax bands for expensive properties instead. But given [...]
Generation Wealth: Brands are overlooking the most lucrative demographic April 14, 2014 @LiamWardProud COURTING millennials is something of an obsession among media types. With brands chasing the digital trendsetters born between 1980 and 2000, marketing campaigns seem increasingly driven by Twitter hashtags, Facebook follows and all manner of social media buzzwords. This could be a huge mistake. The UK’s population is ageing – quickly. In 2015, over-40s [...]
EU court ruling could end data capture in UK April 8, 2014 A CONTROVERSIAL EU diktat that required telecoms firms to capture and store customer data for up to two years has been ruled invalid. The European Court of Justice (ECJ) yesterday warned that the 2006 ruling represents a threat to privacy and raised serious concerns about the way data is stored and protected. The ruling, which [...]