The Financial Services Authority says companies involved in public takeovers should adopt more stringent measures to investigate information leaks, according to The Guardian.
They also called for a more rigorous strategy when selecting insiders to be privy to sensitive information. The recommendations come after the FSA released its M&A inside information review. The regulator began the review in mid-2006 after conceding insider dealing may have been a factor in nearly a quarter of company takeover deals in 2005. THE WET WEATHER DOMINATING the British summer claimed its first corporate victim, with Scottish & Newcastle warning it has been hit by a slump in beer sales, reports The Times. Britain’s biggest brewer said profits in its UK business for the first...
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