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The Financial Conduct Authority (FCA) has appointed an independent lawyer to conduct an investigation into leaked information about a review of the insurance sector. The regulator on Tuesday afternoon said it had appointed a partner at law firm Clifford Chance, Simon Davis, to conduct an inquiry, b
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* FCA appoints Clifford Chance lawyer to lead inquiry * Inquiry to be overseen by non-exec FCA committee * Insurance industry says inquiry must be independent (Adds lawyer appointment, ABI, Tyrie comment) By Jemima Kelly and Huw Jones LONDON, April 8 (Reuters) - Britain'
Read more(Adds detail) LONDON, April 8 (Reuters) - Britain's insurance industry has called for a fully independent inquiry into last month's pre-release by the financial watchdog of plans for a review of aspects of the way the sector handles some of its pensions and savings clients. The premat
Read moreLONDON, April 8 (Reuters) - Britain's insurance industry has urged its regulator to hold a fully independent inquiry into how news of a review into the sector was released. Shares in the sector tumbled on March 28 after the Financial Conduct Authority told a newspaper it was reviewing part
Read moreThe Financial Conduct Authority ignored Bank of England warnings that it had created a false market in insurance shares for more than five hours, the Sunday Times writes. A newspaper report that the FCA planned a clampdown on insurance policies going back up to 30 years caused shares of Legal & Gene
Read moreManagement at Sports Direct is licking its wounds after being forced into a second humiliating climbdown over a proposed reward scheme for its Chief Mike Ashley. Overnight institutional investors revolted against the proposal to hand Ashley shares worth more than 72.5m pounds. As a result the compan
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LONDON (Alliance News) - Legal & General Group PLC said Wednesday that a group of executives, including Chief Executive Nigel Wilson, had been bought shares at 209.60 pence through the company's employee share plan Tuesday.
The shares were acquired as follows:
LONDON (Alliance News) - Legal & General Group PLC Tuesday said that the following non-executive directors purchased shares at a price of 207.985 pence per share.
| Read more 1 Apr 2014 16:48 London close: Traders look through slight weakness in data- Aberdeen, Babcock, BHP Billiton and GKN provide a lift - Insurers gain as Osborne calls for inquiry into leak - UK PMI falls to eight-month low techMARK 2,783.94 +0.70% FTSE 100 6,652.61 +0.82% FTSE 250 16,407.56 +0.82% Stocks rose sharply on Tuesday as investors chose to look through what at fi Read more1 Apr 2014 12:25 UPDATE 1-UK's Osborne "profoundly concerned" about insurance leak(Adds details, insurance industry letter, FCA) LONDON, April 1 (Reuters) - British finance minister George Osborne said on Tuesday he was "profoundly concerned" about the way the financial watchdog revealed news of a review of the insurance sector which caused the share prices of insurance Read more1 Apr 2014 10:56 UK's Osborne says "profoundly concerned" about insurance leakLONDON, April 1 (Reuters) - British finance minister George Osborne said on Tuesday he was "profoundly concerned" about the way news of a review of Britain's insurance sector caused the share price of insurance firms to fall sharply last week. In a letter to the chairman of Britain's Financ Read more31 Mar 2014 16:52 UPDATE 2-UK watchdog's handling of insurance review "not finest hour"* CEO Wheatley takes responsibility for FCA actions * Wheatley says share price moves need investigating * Wheatley says external review will be done as quickly as possible (Adds more detail, updates shares) By Huw Jones and Chris Vellacott LONDON, March 31 (Reuters) - T Read more31 Mar 2014 16:30 UPDATE 1-Babcock bucks weak trend as Britain's FTSE posts quarterly drop* FTSE 100 down 0.3 pct; down 2.2 pct over quarter * Babcock nearly recoups last week's losses * Miners extend gains slightly on China stimulus optimism (Recasts, updates prices, adds fresh quote) By Tricia Wright LONDON, March 31 (Reuters) - Babcock was the star perform Read more31 Mar 2014 14:56 Babcock leads Britain's FTSE higher on nuclear contract win* FTSE 100 up 0.2 pct but on course for quarterly drop * Babcock nearly recoups last week's losses * Miners extend gains on China stimulus optimism By Tricia Wright LONDON, March 31 (Reuters) - UK shares rose on Monday, led by Babcock after a nuclear contract win and under Read more31 Mar 2014 14:09 UK watchdog says handling of insurance review "not finest hour"LONDON, March 31 (Reuters) - A slump in UK insurance shares on Friday following news of a planned review of the sector was "not the Financial Conduct Authority's finest hour," its chief executive said on Monday. "Whenever markets move like they did on Friday there is always scrutiny," Marti Read moreLogin to your accountDon't have an account? Click here to register.Quickpicks are a member only featureLogin to your accountDon't have an account? Click here to register. |
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