Fire Sweeps Boat On London Duck Tours; Passengers Leap Into The Thames

Once a so-called rainmaker at investment bank JP Morgan, he brought in clients, money and respect thanks to his bulging contact book. But the former soldier, dubbed “king of mining” because of his weight in the resources sector, fell foul of the regulator and was fined 450,000 pounds ($730,000) last year. That was one of the highest penalties levied in Britain against an individual. He quit his job as chairman of capital markets at JP Morgan to clear his name and is seeking to restore his reputation with an appeal against the fine that began in July. Lawyers on both sides will present concluding arguments on Thursday before the judge-led Upper Tribunal retires to consider its decision, a process that could take months. Even if the tribunal backs the Financial Conduct Authority (FCA), the regulator which replaced Britain’s Financial Services Authority (FSA) earlier this year, the judges will still have to decide if a fine is warranted, and if so how much. Hannam was accused in 2012 by the then FSA of sending two emails in 2008 on behalf of a client, Heritage Oil, which included what the regulator considered “inside” or market-moving information. The emails, out of a batch of 20,000, were pored over after Hannam himself blew the whistle on an unrelated insider trade. No-one traded on the information in Hannam’s emails and the regulator did not remove his “fit and proper” status, required for working in London’s financial sector. But the regulator, which has sought to make an example of a banking heavyweight, has accused Hannam of having a “relaxed and improper attitude to confidentiality”. Hannam, who was disciplined by JP Morgan in 2009 around the time the FSA began its investigation, denies the statements in the emails constituted inside information and argues that the disclosures were made in the course of his work and for the benefit of the client. Partly due to Hannam’s candid admissions during questioning, that argument has fuelled debate over what should count as inside information and what is legitimate for a banker to do and say. “I either made it up or I was putting a spin on it to get a meeting (with the minister),” Hannam told the tribunal in July of takeover talks revealed to a Kurdish minister in one of the 2008 emails. “I know everything I was doing was to further the transaction.” His appeal is also a high-profile test for the FCA’s tactic of targeting big names to fight market abuse, following the strategy of U.S.

By doing so, theyll move that much closer to the minimum prize pot of $120,000 and a place in history as the first of their kind ever to win the Copper Box Arena event in Queen II Elizabeth Olympic Park. Day Three of the tournament entertains the Last 16 of each discipline, with Britons Rajiv Ouseph, Sarah Milne and Kirsty Gilmour all advancing after some impressive performances on Wednesday. London Grand Prix Gold Day 3 Fixtures & Predictions Men’s Singles Zi Liang Derek Wong (Singapore) Scott Evans (Ireland) Michelle Chan Ky (New Zealand) 1-2 Rajiv Ouseph vs. Hsu Jui Ting Englands No. 1, Rajiv Ouseph, may have disappointed the home fans after failing to make it out of the group stage during the London 2012 Olympics, but is going about his redemption impressively a year later. Wednesday saw the 27-year-old beat Ukraines Vitaly Konov 21-12, 21-12 after he received a bye in the first round. Opposite him on Wednesday will be Taipeis Hsu Jui Ting, who has already beaten one Englishman on his way to the third round of the competition, Rhys Walker. Speaking on his chances of advancing to the semi-finals, per Eurosport , Ouseph commented: “I’m obviously seeded to get that far, so it’s possible, but I just need to take it round by round. Hans-Kristian Vittinghus vs. Yuxiang Huang In his second round outing, Hans-Kristian Vittinghus finished off a fairly simple fixture against Englands Michael Spencer-Smith in style, conceding just 15 points as he saw out a 21-6, 21-9 triumph. A good solid win this afternoon as I won 21-6 21-9. Not the hardest match of my career, but it was good to get… http://t.co/9WBsxZ9ic8 HK Vittinghus (@hkvittinghus) October 2, 2013 Next up for the Dane is a Thursday faceoff against Chinas Yuxiang Huang.

London Grand Prix Gold 2013: Day 3 Fixtures and Final Results Predictions

No one was seriously injured, and three people treated at a London hospital for “minor smoke inhalation ailments” have all been discharged, London Duck Tours said. Most of the people on board the boat were foreign tourists, ITV reported. The company and the London Fire Brigade both said the cause of the blaze, which damaged one third of the vessel, was so far unknown. River tours suspended Borough Cmdr. Alison Newcomb of London’s Metropolitan Police said that the maritime coast guard is investigating. “At the conclusion of that investigation, I anticipate they will make a decision with regards to future tours,” she told ITV. London Duck Tours said it has stopped operating tours on the river until the reason for the fire has been established. “Should technical or safety modifications be required to our fleet, these will be introduced prior to the service recommencing,” Duck Tours said, stressing that it “operates to the highest safety standards.” “London Duck Tours operates a fully modernized fleet of nine vehicles that have been completely rebuilt and refurbished between 2002 and 2012,” it said. “This includes new, purpose built hulls, new engines, computerized systems and steering equipment.” The company said it was fully cooperating with investigators and regulatory authorities. Previous problems Amphibious tour vehicles have run into trouble in the past. In June, a duck boat sank in the British city of Liverpool. Twenty-seven people were taken to the hospital for shock and exposure after that incident.