UK M&A value jumps by 20pc but stays low June 27, 2012 TOTAL UK M&A deal value increased by 22 per cent during the last quarter, according to research released yesterday. Data from the Ernst & Young M&A Tracker also suggests that there were 101 UK M&A transactions completed between April and June this year – a 13 per cent increase on the first quarter. However deal [...]
Jersey ready but not willing to go it alone June 27, 2012 THE CHIEF executive of Jersey Finance acknowledged yesterday that the crown dependency’s government is drawing up plans to split with Britain “in extremis”. However, he denied that the mood of the crown dependency was turning towards such drastic action, saying “there is no drive for independence”. Geoff Cook, whose organisation promotes the low-tax Channel island’s [...]
Bakers promotes 63 to global partnership June 27, 2012 LAW firm Baker & McKenzie yesterday promoted 63 lawyers to its global partnership, including three members of its London office. Banking and finance lawyer Lynn Rosell Rowley and corporate lawyers Emily Carlisle (pictured right) and Nick O’Donnell will become partners at the firm from 1 July, boosting the total number of equity partners at its [...]
WHAT DO YOU THINK OF THE DECISION TO DROP THE FUEL TAX? June 27, 2012 MICHAEL PERISSINOTTO MIZUHO “Obviously it is good for drivers but the question is where is the money coming from. It would help people to have confidence in the government if it said more about why it has made decisions.” TIM DAVIES CALYPSO TECHNOLOGY “I think George Osborne’s decision is probably a good idea with the [...]
Microsoft’s multi-million fine is upheld by Europe General Court June 27, 2012 MICROSOFT yesterday lost its appeal against an EU decision penalising it for defying an antitrust ruling, bringing nearer to an end a decade-long battle with the European Commission over the US software group’s business practices. However, judges at the General Court – Europe’s second-highest – reduced the fine by 4.3 per cent to €860m (£688.9m) [...]
German banker jailed for over eight years in F1 bribery case June 27, 2012 A JUDGE jailed a German banker for more than eight years yesterday for taking $44m (£28.2m) in bribes during the sale of Formula One in a case that centred on a payment from Bernie Ecclestone, the motor sport’s commercial chief. Presiding judge Peter Noll convicted BayernLB’s former chief risk officer Gerhard Gribkowsky of tax evasion, [...]
No bonuses for top Sony execs after mega loss June 27, 2012 SONY’S top executives got a rap on the knuckles yesterday as the Japanese company declined to pay them bonuses after the company sank to a record loss last year. Neither former chief executive Sir Howard Stringer nor current boss Kazuo Hirai were awarded a cash bonus for the year to 31 March, during which Sony [...]
Samsung banned from selling Galaxy Tab 10.1 device in the US June 27, 2012 APPLE has triumphed in the latest round of patent battles with its archrival Samsung after a US judge yesterday backed the iPad maker’s request to halt sales of the Galaxy Tab 10.1 device. “Although Samsung has a right to compete, it does not have a right to compete unfairly, by flooding the market with infringing [...]
TalkTalk tops telco complaints table June 27, 2012 TALKTALK is again the most complained about telecoms provider, according to data published yesterday by Ofcom. The regulator said it is sent over 300 grumbles a day about telecoms services, which it publishes in a bid to promote competition and assist customers in choosing the right provider. In the first quarter of 2012, TalkTalk generated [...]
Ultra Electronics goes cyber June 27, 2012 Ultra Electronics, the defence, transport and energy technology company, announced yesterday it has snapped up Barron McCann Technology and Payments companies for £12m. Known as BeMac, the two businesses, which provide cyber security services to financial and military agencies as well as the UK government, will be absorbed into Ultra’s existing operations.
