No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(ShareCast News) - Australian billionaire Rupert Murdoch's News Group agreed to pay damages to former army intelligence officer Ian Hurst after his computer and emails were hacked by a private investigations firm which then forwarded the information to the publisher.
News Group admitted that Jonathon Rees, the head of the PI company in question, had hacked Hurst's computer and emails which contained correspondence between the former Intelligence Corps employee and members of the Irish republican movement, people in the security services, Northern Ireland police force employees and armed forces personnel undercover in the IRA.
News Group's lawyers said the company had extended its "sincerest and unreserved apologies" to both Hurst and his family and accepted "vicarious liability" for the hacking.
News Group agreed to pay a "substantial" figure to Hurst for damages as well as covering his legal costs.
Hurst's lawyer said he was "increasingly shocked and appalled as he began to discover the extent of the unlawful activity" against his client and "genuinely feared for the safety of many of the people with whom he'd been in contact."
Phillip Smith, who hacked Hurst at the behest of Rees, used spyware called e-Blaster to break into Hurst's computer, allowing him to monitor information and correspondence.
Anthony Hudson QC, for News Group, said, "News Group Newspapers accepts that such activity happened, accepts that it should never have happened, and has undertaken to the court that it will never happen again."
As of 1700 BST, News Group's parent company News Corporation had dropped 1.45% to $13.23 each.
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.