Flotations worth about £3 billion are expected to be unveiled this week as London’s main market heads towards a record-breaking year. Patric Johnson, the head of securities at Panmure Gordon, said that some planned flotations had been delayed by fears over the fallout from a “yes” vote. “All the banks had decided there was too much ambiguity [and fears] of…
An overwhelming majority of manufacturers believe it is vital that Britain remains as part of the European Union and that any new government plays “a leading role in Brussels”. The EEF said that 85 per cent of manufacturers believed that the national interest was best served by keeping the country in a reformed EU. Demands to remain in the European…
One of the world’s most exclusive private banks has been accused of mismanaging a key fund and of not being transparent about tens of millions of dollars of losses chalked up on behalf of its well-heeled clients. Lombard Odier, which has managed the finances of some of the world’s wealthiest families for two centuries, is embroiled in a bitter legal…
naccountable bureaucracy” that stifles competition and promotes piracy? Google brushed off a blistering attack from News Corp yesterday, while critics in Europe welcomed the newspaper group’s surprise intervention. “Hip hip hooray,” one lobbyist in Brussels said. Rupert Murdoch, News Corp’s executive chairman, has been publicly critical of Google before — accusing it on Twitter of invading users’ privacy and making…
Which supermarket was selling food most adulterated by horsemeat last year? If you answered Tesco or Asda, you would be wrong. It was Aldi, the German discount retailer, which admitted that two of its ready-meal ranges contained “up to 100 per cent horsemeat”. The level of adulteration in products sold by Tesco and Asda was much lower. However, to judge…
What has GlaxoSmithKline done wrong? Britain’s largest drugs company has admitted that its staff used a £320 million travel budget in China to channel kickbacks towards doctors who prescribed its drugs. Some of this hospitality fund was used for legitimate purposes but other payments went to corrupt travel agents who offered cash, gifts and even procured sexual favours for physicians…