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Interserve faces City watchdog investigation

Troubled outsourcing firm Interserve has disclosed that it is being investigated by the City watchdog over how it handled the disposal of part of its business. The group said in a stock market announcement that it had been referred to the Financial Conduct Authority’s enforcement division – sending shares …

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Zoopla founder makes a killing in US takeover

Talk about making a killing from the housing market. Alex Chesterman, the founder of Zoopla, will walk away with £61m following a £2.2bn takeover of the property website’s parent company, ZPG, by the US private equity firm Silver Lake. It has been a lucrative adventure for the economics graduate. …

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Industrial dispute mediators go on strike

Staff at conciliation service Acas – which works to resolve industrial disputes – are staging a 24-hour strike over issues including “unmanageable” workloads. Members of the Public and Commercial Services (PCS) union are walking out from offices across the country and say they plan two further days of action …

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