Former Northern Rock shareholders will challenge the government’s
compensation terms in the High Court, today.
Following the nationalisation of the bank in February, shareholders fear the
Treasury’s terms would result in little or no compensation and believe it
prejudices a valuation of Northern Rock by accountants BDO Stoy Hayward.
The case, which is expected to run for three days, is being brought by SRM
Global, RAB Capital, and a group of private shareholders. SRM, the largest
share-holder, has so far argued for a 400p a share, reports the Telegraph.
The action is also supported by Legal & General, the third-largest
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Drastically fewer offices for HMRC in the hope to reduce their running costs
Laurence Field, the head of tax at national audit, tax and advisory firm Crowe Clark Whitehill outlines the 6 'unexpected items' regarding HMRC's Making Tax Digital plans
Many working in professional services have received honours this new year from the Queen