Edition:
United Kingdom

Tom Bergin

Scottish council approves $185 million Trump housing plan

26 Sep 2019

A Scottish council has approved a 150 million pound ($185 million) plan by U.S. President Donald Trump's family business to build 550 houses at his golf resort north of Aberdeen, despite some local opposition.

Auditor to company owned by metals tycoon Gupta quit over asset value

10 Jul 2019

The auditor of a small company owned by metals tycoon Sanjeev Gupta resigned saying it could not agree with the valuation of assets, according to a letter filed with the UK corporate register, Companies House.

Exclusive: Greensill issued false statement on bonds sold by metals tycoon Gupta

08 Jul 2019

Financing group Greensill Capital, which is backed by Japan’s SoftBank Group and General Atlantic of the U.S., last year provided a false statement to market participants relating to bonds it had issued in 2017 on behalf of commodities tycoon Sanjeev Gupta.

EXCLUSIVE-Greensill issued false statement on bonds sold by metals tycoon Gupta

07 Jul 2019

* Related to hydro power plant bonds Gupta sold via Greensill in 2017

Britain's Lord Myners urges UK to investigate GAM-Greensill fund

19 Jun 2019

LONDON/ZURICH A member of Britain's House of Lords said on Wednesday that the UK financial regulator should investigate the GAM Greensill Supply Chain Finance Fund in relation to the pricing of investments and activities of its managers.

Exclusive: Scottish guarantee of metals tycoon’s plant worth half a billion pounds

06 Jun 2019

FORT WILLIAM, Scotland A Scottish government guarantee related to a loss-making aluminium plant owned by commodities tycoon Sanjeev Gupta is worth more than half a billion pounds, nearly twice the amount previously known, according to people familiar with the matter.

Exclusive: Scottish guarantee of metals tycoon’s plant worth half a billion pounds

06 Jun 2019

FORT WILLIAM, Scotland A Scottish government guarantee related to a loss-making aluminium plant owned by commodities tycoon Sanjeev Gupta is worth more than half a billion pounds, nearly twice the amount previously known, according to people familiar with the matter.

Losses widen at Sanjeev Gupta’s Australian steelworks in 2018 - filing

10 May 2019

LONDON, May 10 Losses climbed at Sanjeev Gupta's privately owned Whyalla iron ore mine and steel maker in Australia in the year to June 2018 due to a tax charge and rising costs at the plant which the British metals tycoon wants to expand.

Fund firm GAM excludes sacked fund manager from AGM

09 May 2019

ZURICH GAM Holding AG blocked Tim Haywood, the fund manager sacked for misconduct last year in a scandal that prompted a collapse in the Swiss firm's share price, from attending its annual shareholder meeting on Wednesday.

Exclusive: GAM whistle blower concerns focused on bonds sold by metals tycoon

29 Apr 2019

LONDON A whistle blower at Swiss asset manager GAM Holding AG who alerted UK financial regulators last year did so over concerns about the purchase of more than half a billion pounds of bonds from commodities tycoon Sanjeev Gupta, according to two people familiar with the matter.

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