Winterflood loses appeal over FSA fine April 22, 2010 WINTERFLOOD Securities, one of the City’s most prominent market-making firms, yesterday lost its appeal case against £4.25m of market abuse fines levied on the firm and two of its traders two years ago by the Financial Services Authority (FSA). Winterflood, which is owned by Close Brothers, will stump up £4m, while traders Stephen Sotiriou and [...]
RAJARATNAM UPS THE STAKES IN INSIDER TRADING PROBE DEFENCE May 9, 2010 TIME was when those facing high-profile lawsuits would crawl into hiding with their respective legal advisers, shunning all publicity and emerging only to don their sharp suits on the morning they went into court. But not any more. Perhaps emboldened by Goldman Sachs’ go-get-‘em attitude to shielding itself against the SEC, Raj Rajaratnam – the [...]
BA SUES UNION OVER XMAS STRIKE CRISIS December 15, 2009 BELEAGUERED airline British Airways (BA) is taking legal action against the Unite union in a desperate bid to prevent cabin crew from striking over the peak Christmas period, it said yesterday. Thousands of cabin crew voted to walk out for 12 days from 22 December earlier this week, in the latest blow to an airline [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 8, 2010 FINANCIAL TIMES GREECE SEEKS INVESTMENTS FROM LIBYA George Papandreou will travel to Libya today for talks with?Muammer Gaddafi on possible investments in Greece as Athens struggles with its debt crisis. The Greek prime minister will discuss potential investments by Libya’s sovereign wealth fund and its state-owned energy groups with the country’s leader, officials said. EMERGING [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 8, 2010 FINANCIAL TIMES GREECE SEEKS INVESTMENTS FROM LIBYA George Papandreou will travel to Libya today for talks with?Muammer Gaddafi on possible investments in Greece as Athens struggles with its debt crisis. The Greek prime minister will discuss potential investments by Libya’s sovereign wealth fund and its state-owned energy groups with the country’s leader, officials said. EMERGING [...]
FOCUS ON: WESTERHAM, KENT April 15, 2010 ROSE ARCH, BUCKHURST ROAD, WESTERHAM Price: £729,000 A detached bungalow, this property is set in approximately two acres of grounds. It has three bedrooms, a lounge, separate dining room, a kitchen/breakfast room and two bathrooms. It also has an attached triple garage which has potential, subject to planning permission. There is also a double garage. [...]
Equitable Life victims win court battle October 15, 2009 Hundreds of thousands more Equitable Life policyholders are now likely to receive compensation after the High Court yesterday found against the Treasury in a decade-long battle over payouts. Two High Court judges condemned the government’s decision to ignore findings made by the Parliamentary Obmudsman last year that there had been regulatory failures and “injustice and [...]
Baroque opulence in the eternal city May 23, 2010 ENTER the lobby of the Rome Cavalieri hotel and you’re greeted by a sweet swirl of art and ostentation. While the Renaissance came out of Florence, the subsequent era of the Baroque was all about Rome, and the aesthetic splendour and flamboyance that was its calling card is alive and well at the Cavalieri. That [...]
Ofcom feels the heat over sports ruling March 31, 2010 OFCOM faced a fierce backlash to its landmark ruling yesterday as broadcasters and sporting bodies rounded on the embattled regulator. BSkyB vowed to carry out its threat to fight the ruling through the courts, hiring high powered City law firm Herbert Smith. The decision means the wholesale prices Sky is allowed to charge rivals including [...]
The elegant side of the Balearics June 20, 2010 THERE is so much more to Mallorca than sun, sea and the late-night drunken menace of us Brits in Magaluf. The largest of Spain’s Balearic Islands, the 3,275 sq km atoll has mountains, lush vegetation and close to 100 sandy beaches, many of which are secluded because they are up to half an hour’s walk [...]