Insider Trading Still Rife in City

Summary


Insider share dealing may be taking place ahead of almost a quarter of company takeover deals despite new rules aimed at combating market abuse, according to the City regulator.

The Financial Services Authority said it found "informed trading" ahead of 23.7 per cent of takeover announcements in 2005 compared with 32.4 per cent the year before.

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Extract


Insider Trading Still Rife in City

The absolute number rose, however, as the number of deals soared from ...

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