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Smelling a rat

The Diary has noticed that the FSA is sniffing around exterminator Rentokil, asking questions about it buying back 15 million shares shortly before an upbeat trading announcement.

It may be a wee bit harsh to say it takes one to know one but, really, who better to look into suspicious dealings at a pest controller than the FSA itself?

Perhaps once the inquiries into Rentokil&#39s stockmarket dealings have been completed, the company could offer its services to the regulator?

Surely the FSA must have a pest or two buried deep within its Canary Wharf corridors it could do with having exterminated?


Monte Carlo conference fully subscribed

The 2002 Sway Senate Investment Conference which is being held in Monte Carlo in June is sold out and its sister event in Malta in November 2002 is almost fully subscribed.New sponsors for 2002 include Gartmore, Govetts, LeggMason and Scottish Widows Investment Partnership.

Independent view

I can think of about a dozen reasons why I should not be outspoken and forget what else is happening around me and just adjust my business appropriately when inappropriate regulation and stupid regimes are introduced.I wouldn&#39t upset as many people. I wouldn&#39t incur the wrath of the investment gro-ups, the life companies and even […]

Euro directives help and hinder move to multi-ties

Two contradictory directives are being discussed by the European Union, with one aiming to bring the UK financial services sector into line with Europe and another hindering any proposed changes. The information and consultation directive being debated this week in Strasbourg is expected to be agreed by all member states, including the UK, by the […]

Abbey Nat warning for Royal London recruiters

Abbey National has warned rival Royal London not to poach Scottish Provident staff for its new Edinburgh-based protection business. ScotProv has also sent employees a memo outlining how joining the competitor could have legal implications and telling them if they are approached they must inform the head of personnel immediately. ScotProv has been haemorrhaging staff […]


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