Protesters set to be evicted June 5, 2012 Protesters who have been camped at Finsbury Square since October could be evicted as soon as today. Islington council, which won a possession order in the High Court on Friday, said it would begin action after the Jubilee bank holiday. It has also asked activists to leave to stop the bill spiralling amid expectations it [...]
Auditor backs HMRC tax deals with Goldman June 13, 2012 BRITAIN’S top tax officials were justified in making secret deals worth billions of pounds with major five major corporates, a report says today. HM Revenue & Customs achieved a “good” outcome for the public purse by resolving a series of long-running disputes with the five unnamed firms but was criticised for bypassing proper governance procedures over the [...]
Sean Quinn faces jail June 26, 2012 ONCE Ireland’s richest man, Sean Quinn was found guilty of contempt yesterday and may go to jail after a court ruled that the bankrupt businessman had blocked a state bank from seizing property worth hundreds of millions of euros. Quinn, whose €4bn (£3.2bn) business empire collapsed after a disastrous investment in now-nationalised Anglo Irish Bank, [...]
SocGen loses bonuses lawsuit December 19, 2012 Societe Generale has lost a high-profile lawsuit against a fired London-based investment banker that could cost France’s second-largest bank up to €20m (£16.3m). The UK Supreme Court ruled yesterday that Belgian banker Raphael Geys, SocGen’s former managing director of European fixed income sales in London, had been sacked without proper notice in 2007. “The bank [...]
Misys gets go-ahead for sale May 28, 2012 Financial software firm Misys said yesterday it had won approval from the High Court for the scheme that will allow Vista Equity Partners to complete its takeover. Misys said it expects its last day of trading on the London Stock Exhange to be 30 May, ahead of the official delisting and implementation of the scheme [...]
Ex-HBOS staff charged over £35m of loans January 8, 2013 FORMER senior bankers at Halifax Bank of Scotland (HBOS) were yesterday charged with corruption over £35m of loans made while they were at the bank. Lynden Scourfield, 50, and Mark Dobson, 52 are among eight people accused of making the fraudulent business loans through a turnaround consultancy in exchange for “high-value gifts” between 2003 and [...]
London Report: BP’s court win sees FTSE defy US shutdown October 3, 2013 THE FTSE 100 rose yesterday, boosted by heavyweight BP which won a rare legal battle related to its oil spill in the Gulf of Mexico, but ongoing US government shutdown uncertainty sapped momentum. Energy firm BP – the UK’s fifth biggest company by market capitalisation – rose 1.1 per cent after it won a legal [...]
Broker Verrier banned after poaching saga May 16, 2012 THE City regulator has stepped up its war on directors by banning a top broker after he was savaged in a High Court poaching trial. Tony Verrier, a senior executive at BGC Partners, faces a lifetime ban from working in the City after the Financial Services Authority said he “was not a fit and proper [...]
Broker Verrier banned after poaching saga May 16, 2012 THE City regulator has stepped up its war on directors by banning a top broker after he was savaged in a High Court poaching trial. Tony Verrier, a senior executive at BGC Partners, faces a lifetime ban from working in the City after the Financial Services Authority said he “was not a fit and proper [...]
What the other papers say this morning January 17, 2013 FINANCIAL TIMES Senators seek energy drinks data US senators stepped up their investigation into energy drinks on Thursday, demanding that companies making products such as Monster, AMP, Red Bull and Rockstar hand over internal documents that prove they are safe. Senators Richard Blumenthal and Richard Durbin and Representative Ed Markey asked 14 energy drink companies [...]