Law and business: commercial news round-up 29.11.13
updated on 29 November 2013
As ever, we bring you essential reading for anyone interested in the commercial world (and certainly essential for everyone attending CityLawLIVE next Friday!). Read on for a series of business-news highlights taken from the broadsheets over the past two weeks:
- Massive £4 billion investment in North Sea oil has been announced, which begs the question - if Scotland goes solo (and with the release of white paper on Tuesday, it's closer than you might think), who would own what?
- The Co-op faces not one, but two, government inquiries into the way it has carried out its affairs. Expect ever more salacious details about disgraced former chairman Paul Flowers…
- Vroom, vroom: UK car industry posts cheering results for last quarter.
- RBS has asked Clifford Chance to look into claims that the bank forced healthy small businesses into default so that it could profit.
- The government has sold off a student loan book worth £890 million for just £160 million; the National Union of Students said the move makes "no economic sense".
- Whoa! Magic circle partner rates reach new high - a staggeringly enormous £850 per hour. Some amusing comments at the end of article…
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