Markets
London - The FTSE 100 fell 25.39 points to 5,849.96 yesterday. African Barrick Gold Ltd. and Royal Dutch Shell Plc led losses. African Barrick retreated 1.9% after the shares were cut to “sell” from “neutral” at Goldman Sachs Group Inc., which said it sees “better value elsewhere in the sector.” Shell dropped 1.2% after announcing it will sell a 10% stake in Woodside Petroleum Ltd for $3.35 billion, freeing up funds to support a six-fold increase in its Australian natural gas production.

Posted: November 9th, 2010 under Miscellaneous.
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The ASA Council (Non-broadcast) has recently held a retailer in breach of the CAP Code for having insufficient stock to meet anticipated demand.  It found that internet retailer, Simply Be, has breached the CAP Code clauses 3.1 (Substantiation), 7.1 (Truthfulness), 16.4 (Availability of products), 27.4 (Sales promotion rules) and 30.1 (Availability), by an email it [...]

Posted: August 23rd, 2010 under Business Advisory Services, Business Regulation, Competition Law & Regulatory, Contract, Corporate Defence & Prosecution, Dispute Management, Miscellaneous.
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A T-Mobile employee, who stole customer data from T-Mobile and sold it on to one of their competitors, was prosecuted recently in relation to this data theft and breach of s55 of the Data Protection Act which prohibits the unlawful obtaining of data.  T-Mobile itself escaped punishment by reason of the fact that they had [...]

Posted: August 20th, 2010 under Miscellaneous.
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Below is a summary of the BSkyB case against EDS, which eventually settled with EDS (now HP) paying BSkyB £318million, against BSkyB’s claim for around £700million.  The case is a warning to all IT and management consultancy firms, to train their staff in the effects of over-promising during a tender process.  BSkyB issued an invitation [...]

Posted: August 20th, 2010 under Miscellaneous.
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Markets
London - The FTSE 100 gained 6.68 points to 5,069.61 yesterday, its first gain for three days. Miners were stronger as metal prices climbed. Rio Tinto rose 1.7% while Anglo American added 2%. SABMiller gained 2.5% after China Resources Enterprise, of which it owns 49%, said first quarter profit increased almost nine-fold. Prudential finished 2.5% higher after giving an upbeat presentation about the planned takeover of AIA. On the downside, BP continues to slide as its oil spill in the Gulf of Mexico continues to sour sentiment towards the sector. The leak has so far cost $760 million to clean up.

Posted: May 25th, 2010 under Asset Management, Miscellaneous.
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