A SIGH OF RELIEF FOR FUND GURU DUFFIELD August 4, 2009 AFTER months of being down on his luck, perhaps the tide is starting to turn for veteran fund management guru John Duffield and his newest business venture, Brompton Asset Management. Duffield, who also previously set up Jupiter and New Star, originally named the firm Hyde Park Asset Management, before hedge fund marketing firm Hyde Park [...]
Hell’s kitchen for Ramsay’s restaurants July 2, 2009 CELEBRITY chef Gordon Ramsay has found himself in hot water after his UK restaurants suffered a near 90 per cent drop in profits, forcing the foul-mouthed chef to pump his own money into the business. Gordon Ramsay Holdings filed accounts showing that the TV chef and Chris Hutcheson, his father-in-law and business partner, were forced [...]
Hell’s kitchen for Ramsay’s restaurants July 2, 2009 CELEBRITY chef Gordon Ramsay has found himself in hot water after his UK restaurants suffered a near 90 per cent drop in profits, forcing the foul-mouthed chef to pump his own money into the business. Gordon Ramsay Holdings filed accounts showing that the TV chef and Chris Hutcheson, his father-in-law and business partner, were forced [...]
Workers can accrue holiday when on sick leave, says House of Lords June 10, 2009 EMPLOYEES on long-term sick leave are entitled to take all holiday they have accrued when they return to work, the House of Lords ruled yesterday. If workers were sacked or left a firm, they must receive holiday pay equivalent to the time they were unable to take while ill, the Law Lords added, in a [...]
Making sense of the legal consultation game June 2, 2009 ARE you feeling bemused? You are not alone. The City’s legal framework is undergoing profound change in the form of consultations that could define the direction in which the legal profession is heading. The point of consultations is to generate considered input from a wider number of people, leading to improved proposals. The problem for [...]
Multinationals facing legal piracy challenge June 9, 2009 THE military dictatorship holds down oil-producing areas such as Ogoni by military decrees and the threat or actual use of physical violence so that Shell can wage its ecological war without hindrance.” So read Ken Saro-Wiwa’s closing statement at his trial before he and eight other leaders of the Ogoni people were hanged by the [...]
City’s most successful accountant still has plenty of fire in his belly July 20, 2009 IT IS EASY to tell when you are nearing , Deloitte boss John Connolly’s office because an awful lot of people you bump into in the firm’s corridors begin to ask about his welfare. “Is John in?” asks one, a tad nervously. “What mood is he in today?” asks another. There is a feeling of [...]
Here comes the regulatory tidal wave June 15, 2009 WE are about to enter the third stage of governments’ response to the credit crunch: first there was the firefighting, then the so-called stimulus packages and now comes the regulatory crackdown. There has to date been much pontificating but very little actual reform of the rules governing the global financial system. Banks have been nationalised [...]
THE FSA HAS TO FIGHT TO KEEP GAINS June 2, 2009 DORIAN DREWPARTNER, NORTON ROSE LLP THE FSA has sometimes been called a watchdog with no teeth. That has begun to change, and in recent months there has been a notable increase in success. This, perhaps, is a result of increased activity following criticism of the watchdog. But all of this progress could be undermined. It [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 3, 2009 FINANCIAL TIMES UK ATTORNEY GENERAL VOWS FRAUD CRACKDOWNBritain aims to become the most hostile country in the world to fraudsters, the government’s top law officer has pledged, in an eye-catching riposte to growing criticism about the lack of big financial crime cases being mounted. Baroness Scotland, attorney-general, said domestic investigation agencies would soon be giving [...]