Bluesman

Sorry Mike but I just can't agree. Your logic and reasoning are flawed. You conjure up a "meeting" at which various parties discuss the effects on share price and agree it's a good idea to sell. Then only ONE of the execs actually sells a very small % of his holdings. Not much of a conspiracy then! I have no connection to Tesco or any employees of Tesco. If you take the trouble to read what I wrote properly you will see that I said that he should have a fair idea of the performance of Tesco so why do you say he should be sacked for NOT knowingwhat state the business is in? When, or even whether, he sold any other shares he owns is immaterial, he decided to sell some (as stated LESS than 5% of his holdings) and he is quite within his rights to do so. As for facing the courts.....why? As I said, even if you want to call it insider trading, what he did was in no way illegal. Check it out and you will find that Insider Trading is not, in itself, illegal. Wake up and smell the coffe Dave. This was not something that was generated by my imagination but was reported by all the major financial Press together with the general press and news medias. If there had been the sllightest untruth about it the writs would have been flying around as though they had gone out of fashion and there is not the slightest smell of a writ. We can all be astute business men when privy to certain information. He should stand trial together with any others that did it. The result of his insider trading was that instead of making a poultry £160K he made £200,000 + and believe you me these people would sell their grandmothers if they thought there was a decent profit in it. Mike

Your imaginary scenario doesn't sound at all real to me. Tesco have stated, whether or not you believe them, that he was not privy to the profit warning announcement at the time he sold his shares. To get to his position he is obviously a very astute businessman so he should have a fair idea of the performance of the company employing him. There appear to be no reports of any other execs who were at "your perceived meeting" selling masses of their shares.......I wonder why? It is also a fact that he sold less than 5% of his shareholdings in Tesco which again would not tend to point to insider trading. Not quite sure what you mean when you state "the Tescos lot are making huge profits they denied the rest of their shareholders" Out of interest, "insider trading" itself is NOT illegal within certain limits. Do you work or are you a family relative or friend of Noel "Bob" Robbins, the UK chief operating officer because dispite what Tescos say about him not being told of an profits warning he should be sacked for not knowing what state the business was in. It would be interesting to know when he last sold any Tesco shares. What he did was insider trading pure and simple and he should face the courts. Mike

Brilliant. They advertise on Watchdog. Mike

Are you one of the 20,000 motorists who could be driving uninsured, after being duped by a 'ghost broker'? Experts are warning that this sophisticated scam is now pulling in thousands of British motorists, and leaving them completely exposed in the event of an accident. So how does the scam work, and how can you protect yourself? How it works The fraudsters will advertise cheap insurance, at a much lower cost than the individual can get from a genuine broker or comparison site. They may have their own website, or put up notices in supermarkets and newsagents. They may even put a leaflet under your windscreen wiper when you are parked. Some will claim to have superior broking skills in order to get you a better deal. Others will claim to have a staff discount from an insurer. They work in any number of ways. Some will simply fail to secure any cover at all. They take money ether in cash or by credit card, and send fake documents. The driver is then uninsured, and in the event of an accident could find themselves stung for tens of thousands of pounds. Others will buy policies on behalf of the driver, but will alter significant details such as the age or occupation of the driver in order to cut the premium. The policy will then be invalid because the details are wrong. Meanwhile, some may take a payment from the driver and then use stolen credit card details to pay the insurer. Others will take a 'deposit' from the driver by credit card, and then will use the credit card details to run up debts in the driver's name. Mike

Its always the honest and hardest working that suffer in our now broken and sick society. Keep my fingers crossed you find an solution before you have to part with her. Mike

I tried that one last year when I renewed and guess what??????????????????? they wanted more, only £10 but it shows the whole futility of the insurance scams they operate in this country that we have to negotiate by law. Mike

It was nice to see that Tescos turnover and profits were down over the Christmas period. The week before that Noel "Bob" Robbins, the UK chief operating officer, sold 50,000 shares on January 4, at 404.51p, netting around £202,000. By selling last week, rather than today – when the shares had fallen to 316.8p – Mr Robbins was £44,000 better off. Its called Insider Trading and it is illegal but will anything happen to them? Of course not. If however you put the wrong piece of rubbish in the wrong bin you will be fined. If you fail to pay your TV licence you could end up in prison. If you clobber the burglar thats just hit your poor granny over the head and stolen the last 50p in her purse its you that will end up in court and possible prison and the burglar will have the weight of the law behind him to sue the arse off you for damages incurred during the burglary of your home. Thats the two tier system that we now live under in this country that my poor old dad and probobly yours fought and laid their lives down to live in an country that was free and fair. Enough said I think. Mike I need a cup of tea and a darkened room!!!!!!!!!!!!!!!!

I'm with you all but the financial stake needed to set up your own insurance company will be prohibative. I have always said that if you are required by Law then it should be government supplied like Road Tax and not given to private companies who all have a good smattering of MPs on their Board of Directors. That way we wouldnt have to pay so much in tax as all insurance companies make stonking amounts of profits. Most insurance companies are ultimately owned by banks. I entered the question into Google and this is what I came up with. Mike First, do you mean an insurance company or an insurance intermediary. The former creates insurance policies and underwrites the risk. They're the firm that pays the claim. The second sells the policies provided by other insurance companies. For both you'll need approval from the Financial Services Authority - and you'll need to comply with their regulation. If you're an insurance company you will need to demonstrate you have adequate financial resources. That means having money set aside to pay the claims you expect to have to pay (or reinsurance contracts). You will need to demonstrate to the FSA that you have a sound underwriting model. You will also need to obtain approval from the Department for Business, Enterprise and Regulatory Reform (formerly the DTI). In both cases they will consider whether you are a fit and proper person to own and run an insurance company. Depending on what you're doing you'll also need to register with the Information Commissioner's Office for Data Protection purposes, you may have to register with the Department for Justice depending on what you do with your claims, and you may also be contributing data to various government and industry databases when you sell an individual policy or receive a claim. There are also specific pieces of legislation that cover motor insurance that will affect the way you construct your policies. If you plan on selling other people's policies life is easier than this, but still complex. The FSA and ICO registrations remain, however, you won't be supplying data to fraud registers etc. Your requirements for solvency will be lower, but you will have responsibilities relating to the sale of the products you provide.

The only thing insurance dont show you is the robbers mask to hide their identity. We did have an member on here in insurance but he dosent seem to post any more. Mike

My LS 400 1998 6K per year aged 64 Max NCB Protected with one non fault accident in the last 4 years non previous to that, clean Licence one named driver £364 it rose £20 on last year with the same insurer. Chaucer Direct. Mike

Someone gave me a tip last year, put your wife on the policy and they will reduce the premium so last year I put her down on the policy and it was reduced by £75. No, there is no logical thinking going on and I dont mean it in away that is having a go a female drivers but if you have two drivers on the policy the car could be on the road alot more. Their thinking is just crazy. Mike

I am on standard Google and it does seem to take alot more time to load and then is very jerky. Hopefully it will settle down in time. I do like the new colour format especialy the posting/replying screen which is now so clear and works really well. Mike

Having seen a couple of dead battery posts recently I thought I would update you with the news on this one. Well there isnt any news and as they say "no news is good news" We have had temp's down to -8C over the past week and the battery is fine so I am completely mystified as to what it was that made the battery that day, as dead as dead can be. May be one of those mystifying things that will never be answered. Mike :huh:

Dont know where your based but you might find this insurance article interesting. http://www.confused.com/car-insurance/articles/northern-drivers-hardest-hit-by-car-insurance-price-rises Mike

If it was advertised as having FSH then thats what it should have and there should be no anomolies with it. Start chasing them imeadiately for the FSH and let them know that if its not 100% then the deal is off and all monies paid are to be returned. If they are an Main Lexus Dealer they should be able to print on out from the computer systems. Good luck. Dont lose any sleep. I am sure everything is 100% OK. Mike. Check that FSH and then check it again.

Make sure they understand that unless all books and paper work as promised are there for your inspection before you take delivery there is no deal. Mike.

Have you tried the Owners Club insurance which gives us an discount. heres a link http://www.ownersclubinsurance.co.uk/website/lexus/?utm_source=LexusUK&utm_medium=LOCLaunchEmail&utm_campaign=LOCEmailLaunch Good luck. Cant belive they can justify such greed, but then they dont give a damn. We are just looked at as the cash cow. Mike

Top right hand side of the page. Mike

Its all about sowing the seed of doubt, security companies and insurance companies have done it for generations. Mike

Well not just a smart upmarket looking car but a forum to match now. Well done to whoever did all the hard work. Mike

I do hope you are going to send a letter of complaint direct to the Chairman of Lexus exspressing the deep dissapointment you are feeling with these constant componant failures. Are you going for councilling? Our thoughts are with you. Happy Lexing Mike.

May I be so bold as to ask how much this conversion has cost?? Mike.

I am always amazed how lazy people are. It takes no time at all to press a key and get the picture the correct way round and they just cant be bothered. Mike

Try this....................... Turn key to acc position Disconnect earth from battery Turn key to on position Reconnect earth Turn key to off Remove key Close Doors Lock as usual Unlock, start-up and drive-off Mike How did you get on?? Mike

Try this....................... Turn key to acc position Disconnect earth from battery Turn key to on position Reconnect earth Turn key to off Remove key Close Doors Lock as usual Unlock, start-up and drive-off Mike