Skip to content

BY Rachel | 13 July, 2014 | No Comments

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…

Read More

BY Rachel | 3 July, 2014 | No Comments

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…

Read More

BY Rachel | 22 June, 2014 | No Comments

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…

Read More

BY Rachel | 12 June, 2014 | No Comments

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…

Read More

BY Rachel | 2 June, 2014 | No Comments

Claims for industrial deafness have surged in the past five years amid fears that it has become a new hunting ground for claims management firms and personal injury lawyers. Days after the Association of British Insurers warned that industrial deafness had become a new “cash cow” for the legal profession, leading insurers have published figures that deepen such concerns. RSA,…

Read More

BY Rachel | 23 May, 2014 | No Comments

When her father died 12 years ago, Charlene de Carvalho-Heineken was catapulted above Queen Beatrix as the richest woman in the Netherlands. Yet the billionaire who holds the key to future of the global brewing industry insists that she has “always been quite happy to be anonymous”. The mother of five, who is based in London with her banker husband…

Read More

BY Rachel | 13 May, 2014 | No Comments

The Bank of England is failing to disclose the expenses, gifts and diaries of the governor and other senior staff in a “timely manner”. The central bank published the information six months late ten days ago, records show, and has conceded that it is “running behind” on releasing the latest details. MPs on the Treasury select committee raised concerns about…

Read More

BY Rachel | 3 May, 2014 | No Comments

The founder of AO World has said that he “doesn’t look at the share price” of the household appliances retailer, which has plunged by more than 30 per cent since it floated seven months ago. John Roberts said in an interview with Retail Week: “I don’t look at the share price [of AO.com]. We’ve done everything or more that we…

Read More

BY Rachel | 3 May, 2014 | No Comments

A rescue of Monarch Airlines has a “50-50” chance of emerging in the coming week, a source close to negotiations with potential buyers said last night. He was responding to reports that Greybull Capital, a secretive investment fund for the Meyohas family and others, was in pole position to enter exclusive talks to buy Monarch, probably for a nominal sum,…

Read More

BY Rachel | 21 April, 2014 | No Comments

Lloyds Banking Group has refused to comment on reports that the bank might leave Scotland and domicile in the City, despite the “no” vote in the Scottish referendum. On Friday Royal Bank of Scotland, like Lloyds majority-owned by the UK government, said that it would retain its headquarters in Edinburgh. It was one of several financial institutions that had threatened…

Read More