Search

Peter Mandelson did not anticipate the political risks involved in accepting an interest-free loan of 373,000 pounds sterling from his friend, Geoffrey Robinson, despite it being obvious that he could not afford his extravagant life-style on his salary of 43,000 pounds. Robinson's loan was more like a gift because there were no arrangements made to repay it and it should have been obvious that questions would be asked eventually. A biography of Mandelson contained details of the loan and it became clear to those around him that resignation was the only avenue open to him.

Schroders Investment Management (SIM), the second largest pension manager in the UK, believes in backing the management of a company, unless the long term interests of Schroders clients are in jeopardy, according to SIM's chairman, David Salisbury. SIM manages funds worth 117 billion pounds sterling in 1998, up from 16 billion pounds sterling in 1989. The company has a lot of influence within UK companies.

Sir Tim Bell and Lord Gummer, two of John Major's closest advisers, are believed to have held renewed talks that may lead to a pounds 100m merger of their two [...]

Alpha Omikron, which was suspended from the Alternative Investment Market last week, is being sued by former executives following the controversial collapse of its UK medical division. The news is [...]

A top fund manager under scrutiny following the Deutsche Morgan Grenfell/Peter Young affair has emerged as a key backer of a public company that features in one of Britain's biggest [...]

The Government is facing a new storm over rail privatisation this week as four directors of train leasing firm Eversholt stand to collect up to pounds 50m from the company's [...]

An Inquiry into an alleged insider dealing ring operating in the City and offshore has widened to look at dealings in shares of Alpha Omikron, a toy distributor quoted on [...]

Sears, the retail giant, is set for a bitter battle this week with controversial Sheffield businessman Stephen Hinchliffe over the choice of liquidator for his collapsed Facia retail empire. At [...]

Facia, the collapsed retailer run by controversial Sheffield businessman Stephen Hinchliffe, is set to go into liquidation shortly with the appointment of accountants Stoy Hayward. The move will be accompanied [...]

Thyssen, the German steel and engineering giant, has vowed to fight a landmark law suit from British Petroleum, alleging bribery and corruption over North Sea oil contracts in the early [...]

Chris Wright, multi-millionaire record producer, sports fanatic and discoverer of the bands Blondie and Genesis, is hardly a soft touch. At 51, by his own admission, he is still intensely [...]

Philip Green, the controversial former head of discount retailer Amber Day, has charged to the rescue of Marks and Spencer, whose Manchester store was devastated in last month's IRA bomb [...]

Receivers to Facia were this weekend in contact with the police over the collapse of the retail empire owned by controversial Sheffield businessman Stephen Hinchliffe. The move came as accountants [...]

Facia, the retail empire run by Stephen Hinchliffe, collapsed yesterday when accountants KPMG were appointed receivers. The move followed emergency meetings between the auditors and the company's board last week [...]

PRIVATE investors are up in arms over the dramatic collapse in the share price of the Scottish microchip repairer Memory Corporation in the biggest test yet for the Stock Exchange's [...]