Animal rights or market freedom

Professional Adviser
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It's late on Friday as tired bankers and lawyers put the final touches to an IPO. Finally the senior...

It's late on Friday as tired bankers and lawyers put the final touches to an IPO. Finally the senior banker walks nervously to a room occupied by young men and women with purple hair and dogs on pieces of string à the bank's standing committee of animal rights activists. He lays the IPO proposal before them. "Is this one okay?" he asks timidly. Far-fetched? Not judging by what's happened to a company called Huntingdon Life Sciences Group, the pharmaceuticals testing business. In the history of the City of London, few more shameful chapters have been written. Huntingdon tests new dru...

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