WHAT THE OTHER PAPERS SAY THIS MORNING June 2, 2011 FINANCIAL TIMES FORMER TESCO CHIEF PUTS MONEY INTO NICOTINE A medical devices group developing non-tobacco nicotine delivery systems has won the backing of Sir Terry Leahy in the latest private investment by the former Tesco chief executive since he retired in March. Sir Terry has put an undisclosed sum behind Kind Consumer, a start-up that [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 6, 2011 FINANCIAL TIMES SPAIN TO SEEK REDRESS OVER E. COLI CLAIM Spain will demand “100 per cent” compensation for the damage suffered by its farmers over unfounded accusations that they were the source of the E. coli outbreak in Germany that has killed 22 people and made thousands sick. Rosa Aguilar, Spain’s environment and rural affairs [...]
BP sues HMRC for mistaken tax payment February 27, 2011 BP has brought a lawsuit against the UK government to try and reclaim taxes it paid “by mistake” in 1999, City A.M. can confirm. The oil giant is claiming almost £300m in refunds, interest and compensation for paying the controversial 1.5 per cent stamp duty reserve tax on its purchase of ARCO in 1999. BP [...]
BP sues HMRC for mistaken tax payment February 27, 2011 BP has brought a lawsuit against the UK government to try and reclaim taxes it paid “by mistake” in 1999, City A.M. can confirm. The oil giant is claiming almost £300m in refunds, interest and compensation for paying the controversial 1.5 per cent stamp duty reserve tax on its purchase of ARCO in 1999. BP [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 11, 2011 FINANCIAL TIMES MP TALKS TOUGH OVER SSE MIS-SALE The UK’s big gas and electricity suppliers should be forced to repay any profits made by mis-selling their products on the doorstep, the chairman of an influential House of Commons committee has suggested. Scottish and Southern Energy was found guilty of unfair trading on Tuesday after its [...]
Madoff case accuses JPM February 3, 2011 EXECUTIVES at JP Morgan Chase suspected that Bernard Madoff was running a Ponzi scheme almost 18 months before he was charged with defrauding his investors out of $50bn (£35bn), claims a US court filing. Bankers got blunt warnings about the convicted fraudster but ignored them to protect JPM’s own interests, claims Irving Picard, the trustee [...]
Madoff case accuses JPM February 3, 2011 EXECUTIVES at JP Morgan Chase suspected that Bernard Madoff was running a Ponzi scheme almost 18 months before he was charged with defrauding his investors out of $50bn (£35bn), claims a US court filing. Bankers got blunt warnings about the convicted fraudster but ignored them to protect JPM’s own interests, claims Irving Picard, the trustee [...]
CITY MOVES | WHO’S SWITCHING JOBS February 15, 2011 Barclays Sally Bott has joined the bank as group human resources director and member of the executive committee. Bott will start her role in April, replacing Cathy Turner. She joins from BP, where she was HR director, and has also recently served as a non-exec board member at UBS. Before this, she was managing director [...]
CASE STUDIES| NEWS FROM THE COURTS THIS WEEK February 22, 2011 SHARE-RAMPING BAN UPHELD The Upper Tribunal (Tax and Chancery) has upheld the decision of the FSA to fine and issue a prohibition notice to a stockbroker involved in a share-ramping scheme. Graham Betton had 30 years experience and was the managing director of his firm. The scheme involved unauthorised trading of his clients’ accounts and [...]
CASE STUDIES| NEWS FROM THE COURTS THIS WEEK February 22, 2011 SHARE-RAMPING BAN UPHELD The Upper Tribunal (Tax and Chancery) has upheld the decision of the FSA to fine and issue a prohibition notice to a stockbroker involved in a share-ramping scheme. Graham Betton had 30 years experience and was the managing director of his firm. The scheme involved unauthorised trading of his clients’ accounts and [...]