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Morrisons tax chief held over insider trading allegations

Accountancy Age

MORRISONS’ HEAD OF TAX has been arrested after allegedly purchasing shares in surpermarket delivery service Ocado prior to the announcement of a £216m deal for the online grocer to deliver its food, it has emerged. Paul Coyle, who also acted as the supermarket’s group treasurer, was held before Christmas following a Financial Conduct Authority insider trading investigation, the Telegraph reports. He is suspected of buying an unspecified amount of shares before…

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