Resolution lists on LSE today November 4, 2009 Resolution Ltd, the new company formed after the £1.86bn takeover of Friends Provident by Clive Cowdrey’s Resolution, will list on the London Stock exchange today. The High Court yesterday gave the green light for a reduction in capital as part of a £312m cash and shares payment being made by Resolution to complete the deal.
Q&A: BUYING May 27, 2010 Camilla Dell MANAGING PARTNER AT BLACK BRICK Q.Dear Camilla, Hips were originally introduced to protect buyers, now that they have been abolished what protection do buyers have? A. HOME Information Packs (Hips) were initially put in place to help buyers find out important information about the properties they were buying and to stop sales falling [...]
Modern living in reborn Wembley May 20, 2010 WITH three weeks to go until the World Cup, the red and white flags and bunting have started appearing in the shops this week, which must mean it’s okay now to be getting excited. Notwithstanding the unfortunate comments of Lord Triesman last weekend, there’s still the hope that in eight years time we’ll have the [...]
Tullett files US lawsuit against BGC October 25, 2009 TULLETT Prebon has filed a $1bn (£609.4m) lawsuit against arch-rival BGC Partners in the US, just days after a legal action between the pair opened in the High Court in London. Documents filed by Tullett at the district court of New Jersey allege that BGC poached 81 brokers from its New Jersey and New York [...]
Swiss to hand over UBS data March 31, 2010 The Swiss government said yesterday it would continue to process information on US client accounts from UBS in the run-up to a parliamentary vote on a deal to end a high-profile US legal case against the bank. The government wants parliament to override a Swiss court decision that prevents it from honouring an agreement struck [...]
CITY HEAVYWEIGHTS GET THE URGE TO SLOG IT OUT IN THE BOXING RING January 13, 2010 THE High Court case rumbling on and on between BGC Partners and Tullett Prebon might not have exactly brought the City’s main money broking camps closer together, but at least it’s helped forge some more playful liaisons between those on the same side. Tullett’s boss, City veteran Terry Smith, is well known for his prowess [...]
Southend face administration October 27, 2009 FOOTBALL: Cash-strapped Southend United have been granted a stay of execution – but could still fall into administration next week over an unpaid tax bill of £690,000. The League One club were due in the High Court today over the bill but HM Revenue and Customs yesterday postponed the hearing to 4 November.
Ex-trader on FSA insider deal charges April 28, 2010 A former hedge fund trader yesterday become the latest victim of the Financial Services Authority (FSA) clampdown on insider trading. Anjam Ahmad, has been charged with conspiracy to commit insider dealing relating to allegations of trading in 22 different shares between June and August 2009. It is alleged he made trades while in possession of [...]
Bribery law heralds welcome scrutiny April 27, 2010 EARLIER this month, the Bribery Act 2010 received its Royal Assent, and it is currently anticipated to be in force by the latter part of the year. The Serious Fraud Office (SFO) is on record as saying that the Act will greatly assist its efforts in combating corruption both here and overseas. Certainly, the act [...]
Cameron appoints his coalition cabinet May 12, 2010 1. DAVID CAMERON Prime Minister Tory leader becomes PM, as well as First Lord to the Treasury 2. NICK CLEGG Deputy Prime Minister Liberal Democrat leader is Deputy PM, overseeing political reform 3. GEORGE OSBORNE Chancellor Former shadow chancellor is moving in to Number 11 4. WILLIAM HAGUE Foreign Secretary A former Tory leader, Hague [...]