FSA to indict printing ring March 28, 2010 CHARGES against more than eight individuals connected to an insider trading ring are set to be handed down by the Financial Services Authority (FSA) this week. It is understood that the financial regulator is preparing to criminally charge a group of former JP Morgan Cazenove and UBS employees, who were arrested in July 2008. The [...]
Goodwin adviser Greenburgh retires from BoA Merrill Lynch March 28, 2010 VETERAN dealmaker Matthew Greenburgh has retired from Merrill Lynch and is considering studying for a PhD in English Literature after 28 years in the City. Dubbed “Sir Fred Goodwin’s banker” for helping Royal Bank of Scotland take over ABN Amro in 2007, Greenburgh leaves a gap in the top ranks of the bank. Henrietta Baldock, head of [...]
Lambert and Mandy in row over loan cop March 28, 2010 RICHARD Lambert yesterday hit back at Lord Mandelson in a public spat over government plans for a quango that could force banks to lend to small firms. Mandelson launched a scathing attack on Lambert at the weekend, after the director general of the CBI said the thinking behind the small business credit adjudication service – [...]
Wheeler to stand as MP March 28, 2010 STUART Wheeler, the City grandee that made his fortune setting up spread betting firm IG Index, will today announce his intention to run for parliament on an anti-sleaze ticket. The Eurosceptic was expelled from the Tory Party last year after joining UKIP and is standing against Bexhill MP Greg Barker, an ally of David Cameron. [...]
UAE ruler’s brother missing in glider crash March 28, 2010 RESCUE workers were yesterday searching an artificial lake in Morocco for the brother of the President of the United Arab Emirates. Sheikh Ahmed bin Zayed al Nahyan, the managing director of Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds, has been missing following a glider accident. The pilot of the [...]
JJB director’s golden goodbye March 28, 2010 JJB will splash out £150,000 for the privilege of parting company with its director of 10 months Colin Tranter. Sources say the firm is close to hiring a new director who will be tasked with turning around its falling sales, which were down 21 per cent last year.
EasyJet to pay dividend March 28, 2010 EasyJet will pay a dividend to shareholders after the board of directors at the low-cost airline finally came to an agreement. Sources close to the company said the move would be a compromise that could mean EasyJet sees its growth slowed and investment in new aircraft curbed. However, the firm will be glad to put [...]
Sports Direct to up Blacks bid March 28, 2010 Sports Direct could up its bid for Blacks Leisure despite fierce opposition. Mike Ashley, owner of Newcastle United, is expected to significantly increase the £26m bid already on the table. However, he will also have to win over suppliers, including North Face, who are believed to be considering withholding their stock should Ashley take control [...]
Third strike to be called by BA crew March 28, 2010 AIR passengers could face a third set of travel disruptions next month if British Airways (BA) and trade union Unite do not come to an agreement. Unite said that after the completion of the strike this weekend, the union will be in a position to call a further strike period after the Easter holidays. A [...]
Network Rail to meet trade unions March 28, 2010 RAIL unions are set to go back into talks with Network Rail today in a bid to avoid a post-Easter industrial action. The Advisory, Conciliation and Arbitration Service (ACAS) said that rail unions Rail, Maritime and Transport (RMT) and the Transport Salaried Staffs Association (TSSA) will sit down with Network Rail to resolve their dispute. [...]
