Ex-Moore Europe Capital employee Julian Rifat sentenced to 19 months for insider trading March 19, 2015 Former Moore Europe Capital employee Julian Rifat was sentenced to 19 months imprisonment at Southwark Crown Court yesterday for insider trading. Rifat has also been fined £100,000 for the same offences and ordered to pay costs of £159,402. He was the third individual to be sentenced for insider dealing offences since the launch of Operation [...]
John Lewis is named the retailer with the strongest reputation March 19, 2015 Middle-class shoppers’ favourite John Lewis was yesterday declared the retailer with the best reputation in Europe, the Middle East and Africa (EMEA), a survey found. The survey, by the Reputation Institute, also showed that among the firms whose reputation had improved the most between 2013 and 2014 were WH Smith and H&M. However, there was bad [...]
Saga moves to offload Allied Healthcare arm March 19, 2015 SAGA has appointed the investment bank Greenhill in a bid to speed up its attempt to sell off the public sector operations of Allied Healthcare. The move to offload the homecare and healthcare provider, first reported by Sky News, comes amid the increased prospect of local authority budget cuts. Saga, a leading travel and financial [...]
Bill Gates and Michael Bloomberg set their sights on tobacco industry March 19, 2015 Two titans of capitalism have combined efforts to launch a new front in their war against the tobacco industry. Microsoft founder Bill Gates and ex-New York Mayor Michael Bloomberg are throwing their weight behind a scheme to help governments of poorer nations defend anti-tobacco laws from legal challenges. The assault on tobacco has been ongoing [...]
David Lammy says London’s economy cannot rely on financial services March 19, 2015 Labour’s David Lammy last night laid out his economic vision for London if he becomes its next Mayor. He called for a diverse economy, less reliant on financial services. The Tottenham MP was careful not to attack the City, where he has previously worked. He wants London to have a more balanced economy with jobs [...]
Fines and conduct costs set to stop lenders hitting profit goals March 19, 2015 BRITAIN’S biggest banks will struggle to hit their target returns on equity this year as sustained fines and compensation costs drag them down, analysts at ratings agency Standard and Poor’s warned yesterday. Despite hopes that the bills for past wrongdoing would come down, the four big lenders paid £13.8bn in legal and restructuring costs last [...]
Dolce & Gabbana gay backlash continues March 19, 2015 ProtestErs from the Peter Tatchell Foundation gathered outside Dolce and Gabbana’s flagship London shore yesterday, as the row over Domenico Dolce’s comments over IVF children and same sex-parents continues. Dolce had described IVF babies as “synthetic”. Tatchell, the veteran gay rights campaigner, described the comments as “outrageous”.
BT hits back at Ofcom over new broadband rule March 19, 2015 Telecoms giant BT slammed its industry regulator for taking a “lopsided” approach to the UK market. Industry watchdog Ofcom yesterday confirmed it was going ahead with a new pricing rule, coming into effect on 1 April. The rule means BT must maintain a sufficient margin between its wholesale and retail superfast broadband fees, in order [...]
Angry Birds maker sees revenue drop despite 600m downloads March 19, 2015 ANGRY Birds creator Rovio Entertainment saw revenue fall by nine per cent in 2014, from €174m (£118m) to €158m. The overall revenue was hurt by the performance in the consumer products segment, which dropped from €73m to €41m. Rovio chief executive Pekka Rantala said this result was “not satisfactory”. He added that the upcoming Angry [...]
Next chief says review won’t change rates bill March 19, 2015 LORD Wolfson, the chief executive of Next, said the government’s review of business rates launched this week was unlikely to affect larger retailers, with large store portfolios, as the tax bill shifts from struggling high streets to their more successful counterparts. Business rates deliver around £25bn to the Treasury every year, but they have been [...]
