City AM – Ex-Bytes boss involved in 119 secret trade
The London business newspaper CITY AM leads on software firm Bytes Technology Group, who has appointed an independent committee to investigate secret trades of former boss Neil Murphy, sending shares down as much as 14 per cent.
‘Saddened and shocked’: Bytes Technology launches probe into 100 secret dealings of former chief
The board of software firm Bytes Technology Group has appointed an independent committee to investigate secret trades of former boss Neil Murphy, sending shares down as much as 14 per cent.
Last month, the long-standing chief executive announced he was stepping down after it emerged that he made several trades in the company’s shares without disclosing them.
In an update to markets on Monday, Bytes revealed details on Murphy’s dodgy dealings. A total of 119 unauthorised transactions took place on 66 trading days between January 2021 and November 2023.
The board said it is “saddened as well as shocked by Mr Murphy’s actions, which it finds hard to comprehend. His actions were entirely at odds with the values of openness, honesty, and transparency which have been and which remain central to the Group’s culture and to its ongoing success.”
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Rachel Reeves to promise Treasury reform as Labour party promises ‘new chapter’ for Britain
Labour’s Rachel Reeves will unveil plans for a “new chapter” for Britain’s economy alongside reform to the Treasury as she delivers the prestigious Mais lecture.
The shadow Chancellor will make the keynote address at the event, held at the Bayes Business School, at City, University of London, this evening, attended by top City figures.
Reeves is expected to outline Labour’s plans to get the economy growing and how an incoming government would put recovery on “strong and secure foundations”.
She is set to say: “Building growth on strong and secure foundations, with active government guided by three imperatives: guaranteeing stability, stimulating investment through partnership with business, and reform to unlock the contribution of working people and the untapped potential throughout our economy.”
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