Companies Archives

GSK fined for anti-competitive behaviour

Pharmaceutical giant, GlaxoSmithKline (GSK), has been fined £37.6m by the UK’s Competition and Markets Authority (CMA)for making illegal payments to companies to delay their rival medicines entering the British market. Smaller fines were also imposed on the other pharmaceutical companies …

Morgan Stanley pays for misleading investors

Investment bank Morgan Stanley has agreed a $3.2 billion settlement with the New York Attorney General, Eric Schneiderman over the bank’s deceptive practices, in respect of residential mortgage-backed securities (RMBS ), leading up to the 2008 financial crisis.

The investigation …

UK parliamentary scrutiny of Google tax deal

Global technology Google continues to be in the spotlight over its £130m tax deal with the UK authorities. The UK parliament’s Public Accounts Committee, which first looked into the issue of corporate tax deals in 2012, has held a session…

UK government addresses the gender pay gap

Ensuring women get promoted to senior positions and receive higher bonuses should form part of the strategy to ensure that the gap between the pay of women and men is closed, according to a report produced by Deloitte and sponsored …

SEC fines Monsanto $80million for accounting violations

The US financial regulator, the Securities and Exchange Commission (SEC), has fined global agri-business firm Monsanto $80 million for violating accounting rules and misstating company earnings in relation to its flagship product Roundup. The company has also agreed to retain …

Work continues to increase the number of women on boards

Sir Philip Hampton, chairman of GlaxoSmithKline has been appointed to increase the number of women executives – and to ensure some are appointed to board level – within FTSE 350 companies. Dame Helen Alexander, Chair of UBM, was appointed deputy …

BlackRock chief calls for more long term thinking by major companies

The chairman and chief executive of investment giant, BlackRock, Larry Fink has written to the chief executives of major companies in the US and Europe encouraging them to think long-term and to provide their shareholders with more forward-looking plans. Fink …

State of Green Business: Institutional Investors show commitment to tackling climate change

While it is not yet clear if business as a whole has made a firm commitment to sustainable and environmentally friendly growth 2015 was the year that the investment community made critical commitments to finance sustainable growth, according to Dr …

US directors need to do more to manage risks

While US directors say that reputational risk is one of their greatest concerns board members are taking little action to manage risks once they have been identified, according to the sixth Concerns About Risks Confronting Boards survey conducted by US …

CBI Director General says women need to lead at all levels of organisations

Carolyn Fairburn, Director General of business group, the CBI, said that the issue of diversity needs to run right through companies and has called for a new voluntary target of 25% for female senior executives in major UK companies.

Speaking…