Ex-Morrisons exec jailed
THE former treasurer and head of tax at supermarket group Morrisons has been jailed for 12 months after pleading guilty to two counts of insider dealing.
Former Morrisons executive Paul Coyle has been jailed for insider dealing
Paul Coyle used confidential information on a proposed venture between Morrisons and online grocer Ocado by trading in Ocado shares between February and May 2013.
He used online accounts in the name of his partner to make a £79,000 profit.
Georgina Philippou, director of enforcement and market oversight at the Financial Conduct Authority, which brought the case, said: "Mr Coyle committed a serious breach of trust."