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
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
The SME community voices concern about the chancellor's measures in the Spring Budget
Following chancellor Philip Hammond’s Spring Budget speech, we explore the key takeaways for businesses and individuals
One of the bigger announcements of the final Spring Budget is the raising of Class 4 NICs for the self-employed