The UK’s largest-ever investigation into insider trading in the City centres on interlinked chains of individuals allegedly making as much as £20m from dealing in the shares of a number of companies, the FT said, citing people familiar with the FSA’s investigation. Trades under investigation include activity in shares of Scottish & Newcastle during its takeover by Heineken and Carlsberg in late 2007. The FSA suspects the ring made some £4.1m by trading in S&N shares during its £7.8bn takeover by rival brewers.

This entry was posted by Stacy-Marie Ishmael on Monday, March 29th, 2010 at 2:53 and is featured in The 6am Cut London (29 Mar 2010) . Tagged with Carlsberg, fsa, heineken, insider dealing, insider trading, scottish & newcastle. Edit this entry.