UK win over EU short-selling ban could open door to tackle swathes of legislation September 12, 2013 UK opposition to the European Union's "wide" powers to ban short-selling may be successful, as the rules could be unlawful, according to an EU court aide. Advocate general Niilo Jaaskinen: The emergency powers granted by that article to the European Securities and Markets Authority to intervene in the financial markets of member states so as [...]
What the other papers say this morning – 05 September 2013 September 4, 2013 FINANCIAL TIMES Dyson to hire hundreds of recruits Dyson has launched its biggest recruitment drive yet with plans to triple the number of engineers taken on this year in the latest sign of a rebounding British economy. The maker of bagless vacuum cleaners, which employs almost 4,500 across three sites in the UK and Asia, [...]
Any Other Business – 05/09 September 4, 2013 It was battle of the music firms yesterday, as the Ministry of Sound announced it was starting legal proceedings in the High Court against streaming music firm Spotify. “The action has been brought on Spotify because it is making available playlists that copy well known Ministry of Sound compilations” said the Ministry yesterday. Spotify meanwhile [...]
What the other papers say this morning – 04 September 2013 September 3, 2013 FINANCIAL TIMES City grandee countersues ENRC Sir Paul Judge, the City grandee and former board member of ENRC, is counter-suing the miner for alleged libel in the latest twist in the legal battle between the parties. Judge alleges that a press release published by ENRC in July stating that it was suing him for alleged [...]
LSE gunning for first tech IPO on new platform September 3, 2013 AS LONDON gears up for the first floats on the new High Growth Segment, experts in fast-growing firms have said that a handful of extra analysts and investors could enable the platform to rival the Nasdaq for technology listings. A growing number of tech companies are being courted by the HGS, which was launched by [...]
LSE gunning for first tech IPO on new platform September 2, 2013 AS LONDON gears up for the first floats on the new High Growth Segment, experts in fast-growing firms have said that a handful of extra analysts and investors could enable the platform to rival the Nasdaq for technology listings. A growing number of tech companies are being courted by the HGS, which was launched by [...]
What the other papers say this morning – 30 August 2013 August 29, 2013 FINANCIAL TIMES NFL agrees to settle lawsuit The US National Football League agreed yesterday to pay $765m to settle lawsuits filed by thousands of retired players who suffered debilitating health consequences from years of head trauma endured while playing the sport. The agreement allows the NFL to avoid a lengthy court battle, which could have [...]
What the other papers say this morning – 29 August 2013 August 28, 2013 FINANCIAL TIMES Amazon tax fight in Supreme Court Jeff Bezos’s Amazon is taking a high-stakes legal battle to the US Supreme Court, hiring one of Washington’s most prominent lawyers Ted Olson to fight the taxation of its shoppers in New York state. Amazon wants the court to review a case about the most incendiary political [...]
Inside Track: City watchdog must be careful to practise what it preaches August 28, 2013 IT is not easy to overlook the villainy of the banks and credit card issuers which sold superfluous insurance policies to millions of consumers through the York-based company CPP. But for sheer duplicity, the sanctimonious words of Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), came close to rivalling the firms it regulates [...]
Regulator agrees redress of up to £1.3bn for mis-sold insurance products August 22, 2013 Regulator the Financial Conduct Authority (FCA) has reached an agreement with several firms to provide redress to consumers mis-sold Card Protection Plan's (CPP) Card Protection and Identity Protection policies. This follows the mis-selling of 23 million policies to seven million customers. Those customers will now receive a letter from CPP explaining the process with a [...]