Spurs stadium appeal goes into extra time August 24, 2011 THE BATTLE for the Olympic Stadium has been thrown open again after Tottenham succeeded with an appeal for a judicial review of the decision to award the venue to West Ham. A High Court judge yesterday ruled Tottenham and Leyton Orient, who are co-applicants, had an “arguable” case for a review, which could annul the [...]
Court case on bonuses starts January 22, 2012 UNLESS a last-minute settlement can be reached, around 100 bankers will this week pitch themselves against Commerzbank, the part state-owned German lender, in a four-week London trial over €52m (£44m) in unpaid bonuses. The row, which returns to court amid increasing public anger over the size of bank payouts, will see Commerzbank chief executive Martin [...]
BP shares up as legal fight is put on hold February 27, 2012 BP SHARES were among the highest climbers on the FTSE 100 in early trading yesterday after the trial to decide who should pay for the 2010 Gulf of Mexico oil spill was delayed by a week. The postponement gives BP more time to cut a deal with tens of thousands of businesses and individuals affected [...]
FSA freezes firms’ assets September 1, 2011 THE Financial Services Authority (FSA) has frozen the assets of firms it says manipulated share prices on the London Stock Exchange and other trading platforms, the latest sign of the regulator’s more aggressive approach to suspected abuses. “These companies engaged in repeated cross-platform market manipulation, which the FSA will not tolerate,” Tracey McDermott (pictured), the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 17, 2011 FINANCIAL TIMES THEFT, FRAUD AND ERROR TAKE £4.9BN TOLL ON SHOPS Shoplifting, employee theft and error have cost UK retailers an estimated £4.9bn in the past year, the highest figure ever recorded, as worsening economic conditions fuel rising levels of crime in the retail sector. In the year to June 30, losses relating to theft, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 17, 2011 FINANCIAL TIMES THEFT, FRAUD AND ERROR TAKE £4.9BN TOLL ON SHOPS Shoplifting, employee theft and error have cost UK retailers an estimated £4.9bn in the past year, the highest figure ever recorded, as worsening economic conditions fuel rising levels of crime in the retail sector. In the year to June 30, losses relating to theft, [...]
I can’t write or send texts, Redknapp told police January 26, 2012 Tottenham manager relied on accountant to run his life, court hears, as tax evasion trial continues TOTTENHAM manager Harry Redknapp denied dodging tax on almost £200,000 by telling police he was technologically illiterate, chronically disorganised and “writes like a two-year-old”, a court heard yesterday. Redknapp, the favourite to be next England coach, added that he [...]
RAPID RESPONSES November 16, 2011 Ponzi pottiness The German government criticising the UK for not doing enough for the Eurozone really brings to mind a Ponzi scheme. Assume I don’t join a Ponzi scheme because I think it’s a Ponzi scheme but my colleague does in spite of my warnings. When the scheme goes wrong, if my colleague criticised me [...]
BEST OF THE BROKERS February 15, 2012 OCADO UBS has downgraded the grocery delivery service from “buy” to “neutral” due to the stock’s recent outperformance, but raises its target price from 95p to 110p due to high peer group multiples. The broker says the business has yet to prove its credentials, and says consensus forecasts are still somewhat optimistic, especially for 2013. [...]
Redknapp used account in dog’s name for bungs, court told January 23, 2012 Trial begins into claims 64-year-old avoided tax Jury told Spurs boss had secret Monaco account Redknapp and Mandaric deny charges TOTTENHAM manager Harry Redknapp received “bungs” totalling almost £200,000 into an offshore account in the name of his pet dog and deliberately dodged paying tax on the sums, a court heard yesterday. Redknapp, who is [...]