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BUSINESS
August 31, 1990 | From Associated Press
Four businessmen convicted in Britain's biggest financial scandal in decades shared a fatal flaw with some white-collar lawbreakers in America: They knew Ivan F. Boesky. Boesky is the former arbitrager whose alleged lawbreaking set new standards for Wall Street corruption. He reportedly told U.S. authorities about alleged illegal action at Guinness PLC after his 1986 arrest.
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NEWS
July 30, 1994 | From a Times Staff Writer
Best-selling novelist and Conservative politician Jeffrey Archer declared Friday that he is "grateful to have been exonerated" after Britain's Department of Trade and Industry cleared him of any suspicion of insider trading in stock shares. The department announced that Archer was under investigation just weeks before a Cabinet reshuffle by Prime Minister John Major.
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BUSINESS
May 18, 1990 | From Associated Press
Prices on the London Stock Exchange closed sharply higher across the board in active trading Thursday as a variety of influences sent them rocketing to post their biggest daily gains since November, 1987. "It's very impressive, to say the least," said Tony Rebello, chief dealer for the London brokerage Credit Suisse First Boston. The Financial Times 100-share index finished up 63.3 points, or 2.85%, at 2,284.4, its high for the day. That figure was well above the low of 2,227.
BUSINESS
November 23, 1990 | From Reuters
British stocks and the pound managed slight gains in hectic trading Thursday, but share prices failed to sustain a rally that greeted Prime Minister Margaret Thatcher's announcement of her resignation. The Financial Times-Stock Exchange index of 100 leading shares surged more than 34 points within 20 minutes of the news that Thatcher had decided to step down after 11 years in office. But the key index later retreated, closing up just 1.6 points at 2,127.
BUSINESS
December 7, 1988 | From Reuters
Leading British investment bank Morgan Grenfell closed most of its stock market and bond trading operations Tuesday and laid off 450 people in what analysts said could herald a string of withdrawals from securities trading in London. It said in a statement it would stop making markets immediately in stocks, British government bonds or "gilts," convertible securities and options.
BUSINESS
November 23, 1990 | From Reuters
British stocks and the pound managed slight gains in hectic trading Thursday, but share prices failed to sustain a rally that greeted Prime Minister Margaret Thatcher's announcement of her resignation. The Financial Times-Stock Exchange index of 100 leading shares surged more than 34 points within 20 minutes of the news that Thatcher had decided to step down after 11 years in office. But the key index later retreated, closing up just 1.6 points at 2,127.
NEWS
July 30, 1994 | From a Times Staff Writer
Best-selling novelist and Conservative politician Jeffrey Archer declared Friday that he is "grateful to have been exonerated" after Britain's Department of Trade and Industry cleared him of any suspicion of insider trading in stock shares. The department announced that Archer was under investigation just weeks before a Cabinet reshuffle by Prime Minister John Major.
BUSINESS
August 31, 1990 | From Associated Press
Four businessmen convicted in Britain's biggest financial scandal in decades shared a fatal flaw with some white-collar lawbreakers in America: They knew Ivan F. Boesky. Boesky is the former arbitrager whose alleged lawbreaking set new standards for Wall Street corruption. He reportedly told U.S. authorities about alleged illegal action at Guinness PLC after his 1986 arrest.
BUSINESS
May 18, 1990 | From Associated Press
Prices on the London Stock Exchange closed sharply higher across the board in active trading Thursday as a variety of influences sent them rocketing to post their biggest daily gains since November, 1987. "It's very impressive, to say the least," said Tony Rebello, chief dealer for the London brokerage Credit Suisse First Boston. The Financial Times 100-share index finished up 63.3 points, or 2.85%, at 2,284.4, its high for the day. That figure was well above the low of 2,227.
BUSINESS
December 7, 1988 | From Reuters
Leading British investment bank Morgan Grenfell closed most of its stock market and bond trading operations Tuesday and laid off 450 people in what analysts said could herald a string of withdrawals from securities trading in London. It said in a statement it would stop making markets immediately in stocks, British government bonds or "gilts," convertible securities and options.
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