Companies subject to an investigation by the Financial Services Authority
over insider trading have told their accountants to comply with any requests
from the regulator.
The FSA has launched a crackdown on leaking price-sensitive information, the
Daily Telegraph reports, following concerns that confidential data was
being leaked to the press and advisers in the City before the rest of the market
One deal believed to be on the FSA’s radar is the tie-up between Pearl Group
and Resolution. The battle for Resolution saw a bitter fight between Friends
Provident, Standard Life and Pearl, before Pearl triumphed.
‘Combating market abuse is one of the FSA’s top priorities and we are
committed to working in partnership with the industry to reduce the incidence of
market abuse on the UK’s markets,’ director of markets Sally Dewar was quoted as
In 2006 the FSA published a report on market abuse and it is working on a
code of conduct for sectors it doesn’t regulate, such as public relations, on
protecting price-sensitive information.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.