Bankers’ bonuses: Supreme Court sides with HMRC in appeal against UBS and Deutsche Bank, ruling out scheme designed to avoid income tax March 9, 2016 Bankers may see their bonuses sliced into, as the Supreme Court today sided with HM Revenue & Customs (HMRC), agreeing that taxes could not be avoided when using a special scheme to award employees in shares. UBS and Deutsche Bank set up schemes to pay their bankers discretionary bonuses in redeemable shares in offshore companies. The [...]
Trunki vs Kiddee Case intellectual property judgement due at Supreme Court today – but what’s the big deal? March 9, 2016 It may look like fun and games, but Trunki’s design is big business. So big, in fact, that Magmatic, the company behind the popular children’s "ride-on" suitcases, has gone to the Supreme Court to defend its intellectual property rights – and the judgement is due out today In a case heard by the Supreme Court in [...]
BHS is slipping further behind rivals Primark and Debenhams in high street fight March 9, 2016 Retailer BHS’ woes appear to be worsening. As the embattled retailer recently announced significant job losses, it is a suitable time to explore consumer perception of the brand, and what this means for the longer-term prosperity of an old high street favourite. But how did it come to this? YouGov BrandIndex points to two issues the [...]
City Moves for 9 March 2016 | Who’s switching jobs March 9, 2016 Quinn Emanuel Urquhart & Sullivan Quinn Emanuel Urquhart & Sullivan has announced that Kate Vernon will join the firm as a partner based in the London office. Kate had been a partner at DLA Piper where she was head of the UK competition team. Kate has represented clients in both follow-on and standalone competition claims [...]
Apple will have to pay millions over ebook price-fixing after supreme court declines to hear case March 7, 2016 Apple will have to pay out $450m in a settlement over ebook price-fixing after losing a battle in the US courts. The supreme court declined to hear Apple's challenge to a previous ruling which found that the tech giant conspired with publishers to increase the price of ebooks. A New York court ruled in June last year that it [...]
Here’s how much house prices have risen along the Elizabeth Line since building started March 7, 2016 London's upcoming Elizabeth line – set to open in 2018 – is already making its mark on property prices throughout the capital. Data released today showed properties near the planned stops along the line have increased in value by 52 per cent on average since building began, compared with the average rise of 30 per cent across England. The figures, from online property [...]
Sunday trading hours: Why the campaign against changes to the law by industry groups and Tory MPs is utterly bonkers March 7, 2016 I am confused, bemused and somewhat irritated by the constant threats from MPs, trading bodies and groups around the country to derail the government’s plans to relax the Sunday trading laws. Creating barriers to trade is out-dated and puts the UK at risk. More than 20 Tory Ministers and MPs have threatened to block the plans before [...]
Why the City of London Corporation was right to come out in favour of EU membership March 7, 2016 The outcome of last week’s meeting of the highest primary decision-making body of the City of London Corporation, the Court of Common Council, that we are to support the United Kingdom remaining a member of the European Union, has attracted much attention. While a small number of City figures called on us to maintain our [...]
Tower Hamlets invests in its image and shells out up to £100,000 for a new head of marketing March 2, 2016 Tower Hamlets' new marketing boss will have a lot of work to do. The London Borough of Tower Hamlets, a self-described "high performing authority, with numerous awards and national achievements in housing, diversity and innovation", is on the hunt for a new head of marketing and communications, with an annual salary of up to £100,557. [...]
Richard Pease is suing Henderson as he alleges it breached the terms of his contract February 28, 2016 Star fund manager Richard Pease is suing his former fund management house Henderson, alleging it broke the terms of his contract. Pease claims that Henderson breached his contract by withholding some payments when he departed the company. He alleges that Henderson "failed and refused" to pay him £2.7m that he earned between 2012 and 2014. [...]