Former Barclays banker Colin Bermingham found guilty of Euribor rigging March 28, 2019 A second former Barclays banker in the Euribor rigging trial has been convicted at Southwark Crown Court. Colin Bermingham was today found guilty of manipulating the Euribor benchmark by a majority verdict of a jury of nine men and three women. His conviction follows that of Carlo Palombo, another Barclays employee who was convicted of the same offence [...]
Lord Falconer to chair litigation funder Therium’s £1m giveaway March 11, 2019 Former Lord Chancellor Lord Falconer is to chair a £1m giveaway by litigation funder Therium aimed at increasing access to justice in the UK. The funder has set aside £1m for the new initiative, dubbed Therium Access, with the first round of grants to be announced next month. Therium typically provides funds to those pursuing [...]
City Moves for 4 January – who’s switching jobs at Trium Capital, Hurricane Energy and Jenner & Block? January 4, 2019 Who’s switching jobs? Trium Capital Trium Capital, the London-based alternative investment specialist, has hired proven industrials specialist Jonathan Ingram to manage a new developed market, industrials-focused equity market neutral strategy. Jonathan’s appointment is one of several recent high-profile hires for Trium, as the group prepares to unveil a broader proposition to investors. Jonathan has worked on [...]
Indivior boosts profits but warns of US market uncertainty for key drugs February 14, 2019 Ftse-250 pharmaceuticals company Indivior said today its operating profit increased 51 per cent to $292m (£228m) in 2018. The company said revenue fell eight per cent to $1.005bn, however it said this lower revenue was partially offset by a reduction in operating costs. Indivior did not give financial forecasts for the 2019 financial year due [...]
Beefeaters suspend strike action at Tower of London and Hampton Court Palace January 7, 2019 A planned strike by staff at the Tower of London and Hampton Court Palace has been suspended following an offer of further talks from Historic Royal Palaces. The planned walkout by members of the Public and Commercial Services and GMB unions was set to take place tomorrow as part of an ongoing dispute over pensions. [...]
Silk: City lawyers among 108 new Queen’s Counsels appointed today January 10, 2019 The number of new Queen’s Counsel appointed has dipped to a three-year low with 108 lawyers appointed this year, down from 119 last year. Lawyers are required to go through a rigorous application process to become a QC, known as taking silk, with the successful candidates appointed by the Queen on the advice of Lord [...]
Facebook knew about Cambridge Analytica data scandal ‘months before reports’ March 22, 2019 Facebook employees knew about Cambridge Analytica’s “improper data gathering practices” months before they were reported in the media, a court filing has stated. A filing made by the attorney general for Washington DC has cast doubts over when Facebook found out about the incident. Boss Mark Zuckerberg has stated the tech firm only learned about the data scandal [...]
What is frankincense? And where does it come from? September 27, 2019 The sun is blazing and the air is hot, dry and dusty. Gazing out over the horizon, there’s nothing but parched, rocky land as far as the eye can see in any direction, except for the strange-looking trees that shoot up from the ground like gnarly, overgrown bushes. You wouldn’t think much could thrive here, [...]
Former Barclays bosses face trial over financial crisis-era deals with Qatar January 6, 2019 Four of Barclays' most senior bankers will appear in court tomorrow on charges relating to a rescue package the bank secured from Qatar at the height of the financial crisis. Former Barclays chief executive John Varley will stand trial alongside former senior executives Roger Jenkins, Tom Kalaris and Richard Boath over funding from Qatari investors that allowed the [...]
Serious Fraud Office trial against Tesco executives collapses December 6, 2018 The Serious Fraud Office’s case against two senior former Tesco’s executive has collapsed because of insufficient evidence. At Southwark Crown Court this morning Judge Sir John Royce instructed the jury to acquit both defendants, former UK managing director Chris Bush and ex-UK food commercial director John Scouler. The pair had both been charged with one [...]