Tullett, BGC court case to be postponed for a week October 19, 2009 THE High Court battle between inter-dealer brokers Tullett Prebon and BGC Partners faces another setback this week as it is postponed indefinitely due to a barrister being taken ill. It is understood the court will not reconvene for at least a week after Andrew Clarke QC, a barrister at Littleton Chambers acting for BGC, was [...]
Tullett, BGC court case to be postponed for a week October 19, 2009 THE High Court battle between inter-dealer brokers Tullett Prebon and BGC Partners faces another setback this week as it is postponed indefinitely due to a barrister being taken ill. It is understood the court will not reconvene for at least a week after Andrew Clarke QC, a barrister at Littleton Chambers acting for BGC, was [...]
Postal union in legal fight over temps November 2, 2009 THE Communication Workers Union (CWU) will on?Friday ask the High Court to issue an injunction against Royal Mail to stop it from taking on 30,000 agency workers. The CWU believes that Royal Mail is breaking the law because it is illegal to take on staff to cover workers involved in a lawful industrial dispute, according [...]
PwC details PlanB for Lehman October 5, 2009 LEHMAN Brothers’ European administrator PricewaterhouseCoopers (PwC) has put forward a proposal to distribute $8.9bn (£5.6bn) of the collapsed Wall Street giant’s assets directly to creditors. PwC said it would seek to entice creditors into a voluntary contractual arrangement which would see them agree to a settlement avoiding a protracted court case. The administrator said the [...]
PwC details PlanB for Lehman October 5, 2009 LEHMAN Brothers’ European administrator PricewaterhouseCoopers (PwC) has put forward a proposal to distribute $8.9bn (£5.6bn) of the collapsed Wall Street giant’s assets directly to creditors. PwC said it would seek to entice creditors into a voluntary contractual arrangement which would see them agree to a settlement avoiding a protracted court case. The administrator said the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 20, 2010 FINANCIAL TIMES BOOK PUBLISHERS FEAR THREAT OF DIGITAL PIRACY Publishers have warned that the fight against illegal copying of digital books could impose a huge cost on the industry, raising fears of a new wave of online piracy. Gail Rebuck, chairman and chief executive of The Random House Group, part of Bertelsmann, said illegal copying [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 20, 2010 FINANCIAL TIMES BOOK PUBLISHERS FEAR THREAT OF DIGITAL PIRACY Publishers have warned that the fight against illegal copying of digital books could impose a huge cost on the industry, raising fears of a new wave of online piracy. Gail Rebuck, chairman and chief executive of The Random House Group, part of Bertelsmann, said illegal copying [...]
CITY MOVES WHO’S SWITCHING JOBS November 26, 2009 PZ CussonsThe personal care firm has appointed Richard Harvey, the former chief executive of insurance giant Aviva, as its new chairman-elect. Harvey became group chief executive of Norwich Union in 1998 and took up his role at Aviva after the merger of Norwich Union with CGU, initiating the re-branding of the group under the Aviva [...]
Multi-million sign-on bonuses entirely normal, argues BGC October 15, 2009 BGC PARTNERS will next week claim that offering over £40m to brokers at rival Tullett Prebon was “entirely normal and not unlawful” recruiting practice, as the two firms resume battle in the High Court. The case was adjourned for the day yesterday after a defence barrister for BGC was taken ill on just the second [...]
Rio Tinto men admit bribery March 22, 2010 STERN Hu, one of the four Rio Tinto employees charged in China last year, has admitted accepting 6.4m yuan (£627,000) in bribes. Ge Minqiang and Liu Caikui, two other Rio executives, also admitted receiving bribes on the first day of the three-day trial. The bribery charge could draw jail terms of up to 20 years, [...]