Friday newspaper round-up: Unilever, Eurotunnel, American law firms
By Michele Maatouk
Date: Friday 21 Nov 2025
(Sharecast News) - The Serious Fraud Office (SFO) has arrested two men as it launched an investigation into a suspected £20m cryptocurrency fraud. The law enforcement agency raided two sites in West Yorkshire and London as it appealed for information about $28m (£21.4m) invested into a cryptocurrency scheme called Basis Markets. Two men, one in his 30s and another in his 40s, were arrested on suspicion of multiple fraud and money-laundering offences, the agency said. - Guardian
A former City boss has lost out on a £10m-a-year job at one of America's top insurance companies over claims he had an affair with a colleague. John Neal, who ran Lloyd's of London until earlier this year, was set to join New York insurer AIG but had his offer revoked last week after the US giant learned he was being investigated for an alleged past workplace romance. Lloyd's, the centuries-old insurance marketplace, is looking into claims Mr Neal had a relationship with Rebekah Clement, a PR executive at the company, and unfairly promoted her. - Telegraph
Marmite, Bovril and Colman's Mustard could change hands for the first time in 25 years as the owner of the iconic British brands considers a sale. Unilever is mulling a carve-off of some of its best-known British products as it pivots from food to health and beauty. The FTSE 100 consumer goods giant owns brands including Dove, TRESemmé and Vaseline. A sale risks being seen as a further retreat from Britain by the Anglo-Dutch business. Unilever sold off Scottish-founded Liptons Tea to private equity in 2022 and has snubbed the London Stock Exchange for a looming spin-off of its ice cream brands. - Telegraph
The operator of the Channel Tunnel has halted millions of pounds of planned rail investments in Britain and warned of higher fares in response to a possible tripling in its business rates bill. Eurotunnel, part of France's Getlink, said it had been informed by the Valuation Office Agency that it planned to increase its rateable value by 200 per cent. - The Times
American law firms have fired the starting gun on the latest pay war in the City by handing out bonuses three times larger than those of English rivals. Two Wall Street firms, including one of New York's most established "white shoe" outfits, have led the way with year-end bonuses for top flight associate solicitors in London of $149,500 (£114,000). - The Times
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN