A former analyst has been fined £50,000 by the Financial Services Authority for passing misleading information about pub operator Enterprise Inns to clients. Christopher Gower, who worked at the broker MF Global at the time of the offence, was censured after he sent a message on his Bloomberg terminal to clients that sent shares in Enterprise Inns soaring. The chain of events began after Gower had a meeting with the boss of Enterprise's rival Punch Taverns, Giles Thorley. During the meeting it was suggested that Enterprise had won approval from the Revenue to adopt REIT status, which it would announce at its next trading update, sending its share price likely soaring. The FSA described the analyst's actions as "careless", as the suggestion implicit in the instant message he sent out was that Gower had insider information on Enterprise when he did not.