Premier Foods
Financial In Market By Philip White
Since January 2005, it is especially important to avoid the travel agents when buying travel cover; from that date, the insurance industry falls under the regulation of the Financial Services Authority, giving that body the ability to investigate and take action on behalf of consumers. Tour operators and travel agents, however, are not subject to this regulation, so if you have a complaint about travel insurance purchased from a travel agent, the FSA and the Financial Ombudsman Service will not be able to intervene on your behalf.
Oriental Trading Premier Foods, the processed food giant responsible for distributing 5-tonnes of poisonous red dye that created the largest food recall in UK history, is said to be under investigation by the FSA.
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Trading Financial System Feb 27, 2005 (AXcess News) London - Premier Foods, the processed food giant responsible for distributing 5-tonnes of poisonous red dye that created the largest food recall in UK history is said to be under investigation by the FSA.
Life insurance provider Norwich Union Life has been hit with a £1.25 million fine from the Financial Services Authority (FSA) following a fraud probe.
Day Trading Britain's Food Standards Agency had ordered the recall, though its own follow-through investigation seemed to dwindle since the super markets and fast food chains recalled millions of pounds worth of food that contained the red dye.
Forex Financial Trading The The Financial Services Authority (FSA) is now investigating Premier's handling of the information from the time it released a recall notice to the time it disclosed that information to shareholders.Premier went public on the London Stock Exchange on February 18, though it had apparently been aware of the problem as much as 11 days before listing its shares.
Fortune Make Option Trading Already the recall has cost the food processor as its share price fell 3 percent in panic-selling that followed the red-dye-tainted food recall.The British securities regulators (FSA) are looking into insider trading at Premier, searching for investors who may have had knowledge of the recall before February 18 and short-sold stock. Advertisement
Science Of Financial Market Private equity firm, Hicks Muse, had floated Premier's public offering could also be under investigation, though AXcess News could not confirm that rumor. In either case, the FSA's investigation is adding to the embarrassment of both Premier and Hicks Muse.AXcess News will be reporting on any new trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now.
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