The Takeover Panel's code says that a firm cannot say that it might improve an offer without actually doing so.

BBC: NEWS | Business | Watchdog criticises Standard Life

Last month, opposition peers backed a move to ensure the panel's City Code on mergers and takeovers would provide a "safe harbour" for people accused by the FSA of market abuse.

BBC: Row over finance watchdog shake-up

They argued that both the code and the panel had a proven track record and warned the FSA could be drawn into takeover battles as a delaying tactic by those opposing the bid.

BBC: Row over finance watchdog shake-up

Under Mr Simons' scheme, which is being implemented in Nigeria and Ghana, a scratch-off panel on the packaging reveals a code which can be texted to a special number to verify that the drugs are genuine.

ECONOMIST: Beyond voice

The panel also found he had breached the code by failing to disclose his personal interest at a meeting of the council's cabinet on 29 March 2011 and at the full council meeting on 10 May 2011.

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Apple has asked companies in its supply chain to develop flat panel modules and LED light bars for two iPad prototypes code-named J1 and J2, the story says, adding that TPK Holding will begin to supply touch panels to Apple in November before Wintek start ships similar parts in December.

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