Headlines - ENRC seeks 21 mln pounds in legal costs from SFO and Dechert in dispute over fraud probe - Funds worth 800 mln pounds in dormant accounts to boost communities in England - Adnoc and Gunvor deal talks reach impasse - Activist investor Oasis Management threatens to push for removal of The Restaurant Group boss
Overview
- Kazakh miner ENRC asked a London court on Monday to award
it around 21 million pounds ($25.25 million) to cover the legal
costs it bore prior to Britain's Serious Fraud Office launching
a probe into claims of fraud and corruption a decade ago.
- UK ministers will use more than 800 million pounds
($961.76 million) lying in dormant bank, pension and investment
accounts to help local communities and people struggling with
the cost of living crisis.
- Swiss commodity trader Gunvor's potential acquisition by Abu Dhabi Oil Company has reached an impasse because of a lack of agreement between the companies over the size of the deal. - Activist hedge fund Oasis Management has threatened to push for removing The Restaurant Group's boss unless he delivers a shake-up of the struggling UK casual dining operator.
($1 = 0.8318 pounds) (Compiled by Bengaluru newsroom)
