Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Amber light

Saturday 14 August 1993 23:02 BST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

THE Stock Exchange is believed to be divided over whether to pursue an inquiry into share purchases in Amber Day, the retailing group, by Stacey Ellis ahead of his appointment as chairman of the company at the end of last year.

Mr Ellis, who quit abruptly a few days ago after only seven months in the job, bought 500,000 Amber Day shares ahead of his appointment last December, when the share price was below 30p.

Even if, as the company's lawyers have advised, Mr Ellis' share transactions were not in breach of the law on insider dealing, some shareholders believe that he should not have bought the shares because he should have known that the announcement of his appointment would help the share price.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in