We’ll go bust if we lose in court, say Portsmouth August 4, 2010 PORTSMOUTH say they could go out of business if they lose their court case against the tax authorities today. HM Revenue & Customs are challenging a Company Voluntary Agreement (CVA) to allow the club to come out of administration, claiming it is owed £13m more than the £24m stated by the club’s administrators. And Portsmouth’s [...]
UBS to fight plagiarism accusations August 11, 2010 UBS last night said it would “vigorously” fight a potentially embarrassing lawsuit from a small news agency, which has accused the investment bank of lifting copyrighted material for its in-house updates. Energy Intelligence, an oil and gas reporting service, claims UBS reproduced parts of its articles for its own energy newsletter, Daily Oil News. It [...]
UBS to fight plagiarism accusations August 11, 2010 UBS last night said it would “vigorously” fight a potentially embarrassing lawsuit from a small news agency, which has accused the investment bank of lifting copyrighted material for its in-house updates. Energy Intelligence, an oil and gas reporting service, claims UBS reproduced parts of its articles for its own energy newsletter, Daily Oil News. It [...]
A fresh take on fund managing September 23, 2010 HE MIGHT not look like your typical rebel, but Alan Miller is one through and through. First he railed against British divorce law and, since last year, he’s turned his sights to the wealth management industry. He launched SCM Private in mid-2009 after he became frustrated with the way his personal money had been managed [...]
What the other papers say this morning January 4, 2011 FINANCIAL TIMES BOND SURGE ON BOTH SIDES OF THE ATLANTIC AS COMPANIES VIE FOR FUNDS Companies have embarked on an early-year rush to issue debt in an effort to beat rivals and secure financing before any rise in borrowing costs.The surge in bond issuance on both sides of the Atlantic on Tuesday came as equity [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 29, 2010 FINANCIAL TIMES WAITROSE EYES DUCHY ORIGINALS US PUSH Waitrose is making its first foray into the US through its Duchy Originals range, the label founded by Prince Charles. The supermarket arm of the employee-owned John Lewis Partnership is talking to North American retailers and distributors about selling Duchy Originals products in US stores. PENSIONS REGULATOR [...]
Wave of age discrimination cases looms after default retirement age is scrapped by Davey January 13, 2011 EMPLOYMENT minister Ed Davey faced a barrage of criticism from business groups yesterday, as he announced that bosses will no longer be able to force staff to retire at 65. Employers face a “seismic shift” in the law that could see unfair dismissal claims “go through the roof,” according to a leading City law firm. [...]
Trio forced to pay £115m for biggest UK Ponzi fraud June 29, 2010 Britain’s High Court has ordered a trio of illegal deposit takers to pay about £115m to the Financial Services Authority (FSA), the financial market regulator said yesterday. The three – John Anderson, Kenneth Peacock and Kautilya Nandan Pruthi – were found by the High Court in March to have accepted deposits without FSA authorisation, the [...]
BT trustees in court over deficit July 13, 2010 BT pension trustees have asked the High Court to determine how much of the firm’s final salary pension fund is guaranteed by the state. The taxpayer could be liable for between £7.3bn and £22.8bn if the company went bankrupt, court papers said yesterday. The case aims to clarify whether employees who joined the scheme after [...]
BT trustees in court over deficit July 13, 2010 BT pension trustees have asked the High Court to determine how much of the firm’s final salary pension fund is guaranteed by the state. The taxpayer could be liable for between £7.3bn and £22.8bn if the company went bankrupt, court papers said yesterday. The case aims to clarify whether employees who joined the scheme after [...]