A British tabloid newspaper group has apologised “unreservedly” to Prince Harry for an instance of unlawful information gathering, the High Court in London heard on Wednesday.
The Duke of Sussex is among several high-profile figures bringing damages claims against Mirror Group Newspapers (MGN).
At the start of the trial on Wednesday, Andrew Green KC, for MGN, the publisher of titles including The Mirror, Sunday Mirror and Sunday People, said it denied conducting voicemail interception in the trial cases — including Prince Harry's.
However Mr Green also said the publisher “unreservedly apologises” to Prince Harry for one instance of unlawful information gathering and that it accepts he was entitled to “appropriate compensation”.
The barrister said that it was admitted that a private investigator was instructed, by an MGN journalist at The People, to unlawfully gather information about his activities at the Chinawhite nightclub in central London, one night in February 2004.
“Otherwise, the specified allegations are denied, or in a few cases not admitted,” he added.
Mr Green said there was a reference to a payment record for £75 in February 2004.
He continued: “It is admitted that this represented an instruction to engage in unlawful information gathering, and MGN unreservedly apologises and accepts that the Duke of Sussex is entitled to appropriate compensation for it.
“MGN does not know what information this related to, although it clearly had some connection with his conduct at the nightclub.”
The barrister said that there was a Sunday People article published in February 2004 “giving the recollection of a woman Harry spent time with” at the club.
Mr Green added: “The Duke of Sussex notably does not claim in relation to this article, so it is not alleged that this instruction led to the publication of his private information.
“The fee paid, £75, suggests little work was involved.”
In addition to Prince Harry, actress Nikki Sanderson and actor Michael Turner, known professionally as Michael Le Vell, both from soap opera Coronation Street, and comedian Paul Whitehouse's ex-wife Fiona Wightman are expected to give evidence during the six to seven-week trial.
Mr Green said voicemail interception was denied in all four cases and that there was “no evidence or no sufficient evidence”.
He continued: “There is some evidence of the instruction of third parties to engage in other types of unlawful information gathering in respect of each of the claimants, save for Mr Turner whose claim is entirely denied, and MGN has made pleaded admissions in respect thereof.
“MGN unreservedly apologises for all such instances of unlawful information gathering, and assures the claimants that such conduct will never be repeated.”
Prince Harry and his wife Meghan through the years - in pictures
At the start of the hearing in London, barrister David Sherborne, for Prince Harry and other people bringing claims, said that the case featured unlawful activities on an “industrial scale carried out across three newspapers over a period of about 20 years or so”.
Addressing Prince Harry's case, Mr Sherborne said his claim covered the period 1995 to 2011 and is “significant not just in terms of the span but also the range of activities”.
The barrister said that in 1995, “the royal family had become big news for the tabloid newspapers” with interest continuing throughout the now-King Charles's divorce from his then-wife Diana, Princess of Wales, and her “untimely death” in 1997.
Mr Sherborne told the court: “We all remember the images of him walking behind his mother's coffin.
“From that moment on, as a schoolboy and from his career in the army and as a young adult he was subjected, it was clear, to the most intrusive methods of obtaining his personal information.”
An MGN spokesman said: “Where historical wrongdoing has taken place we have made admissions, take full responsibility and apologise unreservedly, but we will vigorously defend against allegations of wrongdoing where our journalists acted lawfully.
“MGN is now part of a very different company.
“We are committed to acting with integrity and our objective in this trial is to allow both the business and our journalists to move forward from events that took place many years ago.”
The claims are being heard as “representative” cases of the types of allegations facing the publisher.
In contesting the claims, MGN argues that some have been brought too late.
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
KILLING OF QASSEM SULEIMANI
VEZEETA PROFILE
Date started: 2012
Founder: Amir Barsoum
Based: Dubai, UAE
Sector: HealthTech / MedTech
Size: 300 employees
Funding: $22.6 million (as of September 2018)
Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC
So what is Spicy Chickenjoy?
Just as McDonald’s has the Big Mac, Jollibee has Spicy Chickenjoy – a piece of fried chicken that’s crispy and spicy on the outside and comes with a side of spaghetti, all covered in tomato sauce and topped with sausage slices and ground beef. It sounds like a recipe that a child would come up with, but perhaps that’s the point – a flavourbomb combination of cheap comfort foods. Chickenjoy is Jollibee’s best-selling product in every country in which it has a presence.
Mountain Classification Tour de France after Stage 8 on Saturday:
- 1. Lilian Calmejane (France / Direct Energie) 11
- 2. Fabio Aru (Italy / Astana) 10
- 3. Daniel Martin (Ireland / Quick-Step) 8
- 4. Robert Gesink (Netherlands / LottoNL) 8
- 5. Warren Barguil (France / Sunweb) 7
- 6. Chris Froome (Britain / Team Sky) 6
- 7. Guillaume Martin (France / Wanty) 6
- 8. Jan Bakelants (Belgium / AG2R) 5
- 9. Serge Pauwels (Belgium / Dimension Data) 5
- 10. Richie Porte (Australia / BMC Racing) 4
The fake news generation
288,000 – the number of posts reported as hate speech that were deleted by Facebook globally each month in May and June this year
11% – the number of Americans who said they trusted the news they read on Snapchat as of June 2017, according to Statista. Over a quarter stated that they ‘rarely trusted’ the news they read on social media in general
31% - the number of young people in the US aged between 10 and 18 who said they had shared a news story online in the last six months that they later found out was wrong or inaccurate
63% - percentage of Arab nationals who said they get their news from social media every single day.
MATCH INFO
Uefa Champions League semi-final, first leg
Barcelona v Liverpool, Wednesday, 11pm (UAE).
Second leg
Liverpool v Barcelona, Tuesday, May 7, 11pm
Games on BeIN Sports
List of alleged parties
May 12, 2020: PM and his wife Carrie attend 'work meeting' with at least 17 staff
May 20, 2020: They attend 'bring your own booze party'
Nov 27, 2020: PM gives speech at leaving party for his staff
Dec 10, 2020: Staff party held by then-education secretary Gavin Williamson
Dec 13, 2020: PM and his wife throw a party
Dec 14, 2020: London mayoral candidate Shaun Bailey holds staff event at Conservative Party headquarters
Dec 15, 2020: PM takes part in a staff quiz
Dec 18, 2020: Downing Street Christmas party
Crops that could be introduced to the UAE
1: Quinoa
2. Bathua
3. Amaranth
4. Pearl and finger millet
5. Sorghum
Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin
Five personal finance podcasts from The National
To help you get started, tune into these Pocketful of Dirham episodes
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Balance is essential to happiness, health and wealth
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What is a portfolio stress test?
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What are NFTs and why are auction houses interested?
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How gamers are getting rich by earning cryptocurrencies
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Should you buy or rent a home in the UAE?
