Sportspeople have never had so much power. In 2021 they will continue to change the way they are defined December 29, 2020 The coronavirus pandemic has been the dominant theme of 2020 for the entire global population and its impact on the world of sport – its events, competitions, clubs and athletes – has been equally transformative. But, as Benjamin Franklin’s famous quote states, out of adversity comes opportunity. And as we look ahead to the sporting [...]
Competition regulator set to launch reforms to beef up consumer protection February 24, 2019 Consumer protection is set to be beefed up with bigger fines and disqualification for company directors under a new set of proposals to be announced tomorrow by the competition watchdog. The chairman of the Competition and Markets Authority (CMA) Lord Tyrie will announce a set of proposed reforms at an event with the business secretary Greg [...]
Southeastern and South Western Railway hit with £100m ‘double-pay’ class action February 27, 2019 Train operators Southeastern and South Western Railway (SWR) are facing a near £100m legal action by passengers who claim they have been "paying double" for their journeys. The companies that run the Southeastern and South Western routes have been accused of overcharging customers who purchased tickets to travel outside the zones covered by their travelcards, [...]
City Moves for 4 January – who’s switching jobs at Trium Capital, Hurricane Energy and Jenner & Block? January 4, 2019 Who’s switching jobs? Trium Capital Trium Capital, the London-based alternative investment specialist, has hired proven industrials specialist Jonathan Ingram to manage a new developed market, industrials-focused equity market neutral strategy. Jonathan’s appointment is one of several recent high-profile hires for Trium, as the group prepares to unveil a broader proposition to investors. Jonathan has worked on [...]
Could the UK be on the brink of a US-style class action explosion? December 16, 2018 The Royal Bank of Scotland, Lloyds Banking Group, Tesco, Google and Mastercard. These are just a handful of the household names that have been targeted in group action lawsuits in the UK with billions of pounds at stake. The UK, unlike the US or Australia, does not have a long history of class action-style lawsuits, [...]
TfL bans Uber from London after ‘pattern of failure’ leaves passengers at risk November 25, 2019 Transport for London (TfL) today effectively banned Uber from the capital, saying the company was not a “fit and proper” operator. TfL said safety breaches had “left passengers at risk” and that Uber did not have “a robust system for protecting passenger safety”. It added that a “pattern of failure” was behind its decision to [...]
Lonmin shareholders vote for £226m sale to Sibanye-Stillwater May 28, 2019 Shareholders in Lonmin today passed a lower bid from Sibanye-Stillwater which will create the world’s second-largest producer of platinum. Investors owning nearly 99 per cent of the stock in Lonmin voted for the £226m deal, which was £60m lower than the original proposal. Read more: Lonmin's chief operating officer has resigned The all-share deal gives [...]
Passengers face disruption at Luton Airport as Addison Lee drivers stage 24-hour strike May 1, 2019 Luton Airport passengers will face difficulty getting home today as Addison Lee drivers stage their first 24-hour strike over claims they are earning less than the minimum wage. Addison Lee was granted the exclusive right to operate at Luton Airport in 2012, meaning passengers will have few other options to get home by taxi if Addison Lee [...]
Mastercard and Visa lose battle with supermarkets over debit and credit card charges July 4, 2018 Mastercard and Visa have lost the latest round of an ongoing legal battle with a conglomerate of supermarkets after a court found their card charges were too high and had breached competition rules. The two credit card giants had been accused by a number of retailers of charging overly high fees – known as interchange [...]
Mastercard and Visa see UK legal claims from high street names mount over interchange fees June 25, 2017 MASTERCARD and Visa are facing legal claims that could top £1bn as a raft of high street names pool their resources in a battle with the credit card giants over fees. At the start of this month, litigation claims were launched by 27 high-street retailers, supermarkets, pubs and bookmakers over “multilateral interchange fees”, or charges [...]