Suspected £40m fraud at Patisserie Valerie

The Story of Money

Manuela Saragosa

Business, Crypto, Markets, Finance, Banking, Investing, History, News

4.4 • 400 Ratings

🗓️ 5 February 2019

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Shares in the British bakery chain more than doubled from the time it listed on the London Stock Exchange in 2014 to late last year, just before it emerged that its accounts were largely fictitious. The FT's retail correspondent Jonathan Eley walks us through what happened.

Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0	Am I missing anything? Is this the right decision?
0:02.0	Could it be a alternative?
0:04.0	Am I too late?
0:05.0	Find clarity in your investment decision-making.
0:08.0	Manage your portfolio for sustainable growth
0:11.0	and regulatory alignment
0:12.0	with the ultimate blend of powerful AI and
0:14.6	industry expertise.
0:16.5	Reduce risk, meet your sustainability goals and push the boundaries of possibilities based on
0:21.1	facts, not opinions.
0:23.0	Clarity AI, scaling human decisions through tech.
0:26.6	Visit clarity.
0:27.7	AI and take action today.
0:30.3	There is a cake and coffee shop chain in the UK that's caught the attention of regulators and a few financial journalists in the past few months.
0:38.0	It's called Petisserie Valerie.
0:40.0	The company listed on the London Stock Exchange in 2014 and for the first four years after it went public,
0:46.0	Petisserie Valerie's progress seemed as many of my colleagues have written as smooth as the icing on its cakes,
0:52.0	until late last year.
0:54.2	When it emerged that its accounts were largely fictitious.
0:59.5	Hello and welcome to Behind the Money
1:01.0	with the Financial Times.
1:02.3	I'm Amy Keene.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Manuela Saragosa, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Manuela Saragosa and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.