Met Police faces massive riot bill to replace Dizzee Rascal CDs September 12, 2013 THE METROPOLITAN police will have to pay out tens of millions of pounds to the insurers of a Sony warehouse in Enfield, after a court ruled that an arson attack was part of the 2011 London riots. The enormous distribution centre in north London burnt down at the height of the civil disturbances. But the [...]
Met to pay out millions for factory ruined during London riots September 12, 2013 Insurers acting for the Sony factory that was razed to the ground during the 2011 summer riots have won their case against the Metropolitan Police. Although the payout is yet to be determined, insurers for Sony were seeking £49.5m. The distribution warehouse in Enfield Lock was looted and torched on 8 August 2011 by [...]
City Moves for 22 August 2013 | Who’s switching jobs August 21, 2013 Squire Sanders The law firm has announced the appointment of Mark Thomas as a partner in its financial services practice group. Thomas specialises in structured finance and capital markets. He was most recently at Addleshaw Goddard, where he was head of structured finance. PwC The professional services firm has hired Charlie McMurdie as senior crime [...]
London Whale’s former boss set to be arrested August 12, 2013 AN ARREST warrant has been issued for the supervisor of the so-called London Whale trader, the authorities revealed yesterday. Prosecutors from the US attorney’s office are believed to be pushing for the arrest of Javier Martin-Artajo, claiming he tried to cover up the scale of the losses. Former trader Bruno Iksil built up derivatives positions [...]
Four arrests for insider trading July 31, 2013 THREE men and a woman were arrested yesterday as part of an investigation by the City’s watchdog into insider trading. “The Financial Conduct Authority (FCA) with the assistance of the Metropolitan Police has this morning executed search warrants in west London,” the FCA said. The four individuals are aged 25, 29, 51, and 56. They [...]
Four Londoners arrested in connection with insider trading investigation July 31, 2013 The Financial Conduct Authority (FCA) and the Metropolitan Police this morning executed search warrants in West London. Four individuals including three men aged 29, 51, and 56 and one women aged 25 have been arrested and are currently in custody to be questioned in connection with an investigation in to insider dealing and market abuse. [...]
Secret list of law firms and financial services firms that used convicted private investigators held back from public July 31, 2013 Some 22 law firms, nine insurance companies and eight financial services companies have commissioned work from private investigators convicted of illegally obtaining private information, the Home Affairs Select Committee has revealed, pressing the Serious and Organised Crime Agency to publish a secret list of businesses and individuals linked to the scandal. The list was compiled [...]
Bumi chairman calls in City cops over alleged hacking incident February 10, 2013 BOTH sides in the boardroom dispute at Indonesian miner Bumi have separately lodged formal complaints with criminal authorities in London over alleged computer hacking offences. Bumi’s billionaire chairman Samin Tan is understood to have passed a report from a security review team into alleged hacking to the City of London Police, Serious Fraud Office and [...]
Critics hit out at Leveson’s plans for press November 29, 2012 BUSINESS leaders and industry bodies warned against government interference in the press yesterday, and urged the newspaper industry to take the initiative in creating a new regulatory framework. Shares in paper owners News Corp, Daily Mail & General Trust, and Johnston Press also rose following Lord Justice Leveson’s report despite worries over state regulation, signalling [...]
Workspace plans Tower Bridge building as pre-tax profits soar November 13, 2012 WORKSPACE yesterday posted better-than-expected half year results, driven by strong tenant demand for its trendy London office space and its focus on asset management. The company, which provides offices to some 4,000 businesses such as Moonpig, as well as the Metropolitan Police, became a stock market darling after posting stellar annual results in May and [...]