FSA fines ex Sibir chief for market abuse July 6, 2010 A DAMAGING corporate ruse was finally rumbled yesterday after the City regulator slapped a £350,000 fine on Henry Cameron, the former chief executive of oil company Sibir Energy. Last year, Sibir was embroiled in controversy over debts owed to the company by Russian tycoon Chalva Tchigirinski, one of its major shareholders. Sibir informed the market [...]
Hewlett-Packard boss to testify November 2, 2010 Hewlett-Packard’s new chief executive is set to testify at Silicon Valley’s biggest trial in years, possibly answering charges he oversaw SAP’s theft of software from Oracle. Oracle attorney Geoffrey Howard told a court yesterday that former SAP boss Leo Apotheker — who started his job as head of HP on Monday — would testify at [...]
Six ways to prepare yourself for the UK’s new Bribery Act November 16, 2010 BUSINESSES are concerned that they will have little time to meet the demands of the Bribery Act when its offences come into force next year. If they wait for the government’s guidance on “adequate procedures” to be published, it may be too late to make the required adjustments. When the Bribery Act offences come into [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 1, 2010 THE SUNDAYS The Sunday Telegraph INVESTORS DEMAND ETHICS AUDIT New rules should be introduced that would increase the cost of capital for companies with controversial environmental and human rights records, according to one of Britain’s largest investors. Steve Waygood, chief of sustainability research at Aviva Investors, said: “If companies were forced to publish long-term data [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 1, 2010 THE SUNDAYS The Sunday Telegraph INVESTORS DEMAND ETHICS AUDIT New rules should be introduced that would increase the cost of capital for companies with controversial environmental and human rights records, according to one of Britain’s largest investors. Steve Waygood, chief of sustainability research at Aviva Investors, said: “If companies were forced to publish long-term data [...]
Tullett, BGC return to High Court after evidence from City veteran Terry Smith November 15, 2009 THE High Court battle between inter-dealer brokers Tullett Prebon and BGC Partners will resume today after a weekend in which the court was left to ponder evidence given on Friday by colourful City veteran Terry Smith. Smith, Tullett’s chief executive, who denied calling his former chief operating officer Tony Verrier a “dead gladiator” and saying [...]
Four great experiences for the true aficionado December 8, 2010 l You can’t beat a day of pampering for unwinding after the Christmas rush. Any chap looking to really indulge a lady should look to the spa at the plush Sofitel St James’s Hotel, whose ultimate package includes a crystal necklace from renowned French glassware company Baccarat. For pampering, you get the Zenith Signature treatment, [...]
Four great experiences for the true aficionado December 8, 2010 l You can’t beat a day of pampering for unwinding after the Christmas rush. Any chap looking to really indulge a lady should look to the spa at the plush Sofitel St James’s Hotel, whose ultimate package includes a crystal necklace from renowned French glassware company Baccarat. For pampering, you get the Zenith Signature treatment, [...]
Brokers open fire in High Court battle October 14, 2009 BGC PARTNERS offered well over £40m to key broking staff at fellow inter-dealer broker Tullett Prebon as part of a “carefully constructed raid”, a court heard yesterday on the opening day of a long-anticipated legal case between the two firms. Tullett, headed by City veteran Terry Smith, has accused its arch-rival of conspiring to poach [...]
Unite claims victory in BA court ruling May 20, 2010 A STRIKE threatened by British Airways (BA) cabin crew is to go ahead after the Appeals Court yesterday overturned an earlier decision that ruled the strike unlawful. After two days of hearings, the Court ruled in favour of Unite on the grounds that the union had fairly and openly balloted staff dismissing BA’s original claim [...]