United Kingdom

Kirstin Ridley

Unaoil paid $6 million in bribes for Iraqi oil contracts, London court hears

23 Jan 2020

LONDON Monaco-based oil and gas consultancy Unaoil paid $6 million (4.6 million pounds) in bribes to secure Iraqi oil contracts after the fall of Saddam Hussein, a London court heard on Thursday.

Former Barclays CEO suggested Qatari side deal in 2008, London court hears

14 Jan 2020

LONDON Former Barclays chief executive John Varley first suggested the bank could use a side deal to satisfy Qatar's demands for extra cash in return for rescue funding for the bank during the 2008 credit crisis, a London court heard on Tuesday.

Former Barclays banker ordered out of bed after 2008 heart attack to help save bank

09 Jan 2020

LONDON A senior former Barclays banker told a London fraud trial on Thursday that he was ordered out of bed after a heart attack to help save the lender at the height of the credit crisis.

Travelex staff go back to basics as ransomware cripples systems

08 Jan 2020

LONDON Staff at foreign exchange firm Travelex are using pen and paper to serve thousands of customers after the company said cyber hackers were holding its systems to ransom, leading to a global blackout on its online currency exchange services. | Video

Villains or visionaries? Hedge funds short companies they say 'greenwash'

16 Dec 2019

LONDON Tens of trillions of global investment dollars are pouring into companies touting robust environmental, social and governance credentials. Now short-sellers spy an opportunity. | Video

RPT-ANALYSIS-Villains or visionaries? Hedge funds short companies they say 'greenwash'

16 Dec 2019

* 'Sustainable' investments attract tens of trillions of dollars

Second U.S. law firm files London forex class action

11 Dec 2019

LONDON U.S law firm Hausfeld has filed a lawsuit in London against major banks over alleged foreign exchange (forex) rigging in a bid to take over a high-profile British class action from compatriot Scott & Scott.

UK bribery investigation adds to Glencore's legal headaches

05 Dec 2019

LONDON The UK's Serious Fraud Office (SFO) has launched a bribery investigation into Glencore , adding to legal troubles that have hit the shares of one of the world's biggest miners and commodity traders. | Video

World News