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The Business Matrix: Saturday 14 December 2013

Scottish law firm’s independence ends

The law firm CMS is to merge  with Dundas & Wilson, one of the biggest lawyers in Scotland, which traces its roots back to 1759.  Following a partner vote the deal will go through in May. The combined firm will have 830 partners.

Housing market ‘like a microwave’

The Bank of England’s chief economist, Spencer Dale, said the housing market was like a microwave oven “with a tendency to turn from lukewarm to scalding hot in a matter of a few economic seconds”, but the Bank had tools to avert a bubble.

Rothschild backs split for Bumi

Nat Rothschild, a major share-holder in the coal miner Bumi,  has signed a deal to support its  proposed split from Indonesia’s Bakrie group in a vote next week.

Man arrested over insider trading

A Morrisons employee has been arrested and bailed as part of an investigation into insider dealing. Police in Yorkshire raided the home of a 49-year-old man in Harrogate.

Mollenkopf off Microsoft shortlist

Microsoft’s hopes of hiring Steve Mollenkopf from the chipmaker Qualcomm to replace Steve  Ballmer have been dashed after Qualcomm promoted him to CEO.

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