Summary
All three emphatically deny knowing a bid was coming when they dealt, though Rose says he regrets buying the shares, and there is no suggestion of a conspiracy. But the system has changed since Jeffrey Archer's notorious purchase of Anglia TV shares. Then, insider dealing was a criminal offence only. The prosecution had to prove wrongdoing beyond reasonable doubt.
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Extract
The Business
The Financial Services Authority has injected fresh drama into what was already the most gripping City story of the year, the Marks & Spencer bid battle. The FSA is investigating share-buying ahead of the announcement of Philip Green's ori...
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