News

Outlook Billionaire Thomas Sandell is making it quite clear that it will take more than a couple of paracetamol to handle the headache he is causing for FirstGroup.

NatWest staff face sack over pounds 50m loss

National Westminster Bank is expected to take tough disciplinary action this week against individuals held responsible for pounds 50m of losses incurred by the options trading department at NatWest Capital Markets, in an attempt to head off action by the Bank of England.

Mrs Howard denies jail comment

The wife of Michael Howard, the Home Secretary, yesterday instructed her lawyer to write to Granada TV, two newspapers, the publisher Penguin, and former the Prison Service chief Derek Lewis, denying claims that she had urged her husband to cut the nutritional content of food served to Britain's prisoners.

Bids create pounds 300m fee bonanza for lawyers

City law firms reaped rich rewards from last year's boom in takeover activity by scooping a record pounds 300m in fees, a 50 per cent increase from 1995.

pounds 1m payout for Wickes directors

The new chief executive and finance director of Wickes, the do- it-yourself retailer whose former bosses are being investigated for fraud, have been awarded salary and options package valued at more than pounds 1m each.

Wickes poised for pounds 50m cash call

Wickes, the DIY retailer, is likely to call on shareholders for extra cash this week. Some City analysts believe this could trigger a takeover bid for the company, whose former senior managers are under investigation by the Serious Fraud Office.

Room at the top

Roger Trapp reports on changes at the College of Law

Lawyers' bonanza as US firm hikes pay

Recruiters predict `salary warfare' to attract the best young minds

Law Reports: Case Summaries; 11 November 1996

Law Reports

Tiger sharks

The real competition between US and English lawyers is happening in Asia, report Richard Marsland and Nigel Page

Wickes report won't tell all

Wickes, the troubled DIY chain, will face investors' fury this week, when it reveals with a long- awaited circular that legal problems prevent it from publishing in full a damning report on irregular accounting practices.

Whitewash worries at Wickes

Lawyers' report expected not to urge action against former chief over pounds 50m of overstated profits

Wickes' mystery continues

Wickes, the troubled DIY group, is set to miss its self-imposed deadline set last month when the board said it would write to shareholders in September explaining how it over-stated profits by pounds 50m. It is understood that the new chairman, Michael von Brentano, will not be able to communicate with shareholders until next month.

Lawyers' pay soars to go-go Eighties levels

Many corporate lawyers are earning more than pounds 400,000 a year, with privatisation work and an upsurge in mergers and acquisitions sending their pay to their highest levels since the go-go years of the 1980s, according to a survey published today.

The DIY boss and the private network he assembled himself

Henry Sweetbaum, the ex-chief of Wickes, was involved in a chain of potentially conflicting interests

Ailing Wickes secures pounds 18m from banks

Wickes, the troubled DIY retailer laid low by the recent discovery of serious accounting irregularities, yesterday said it had secured the support of its syndicate of 11 banks to provide new lending facilities.
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