KitKat’s four-finger shape cannot be a trademark says High Court in latest step in Nestle’s intellectual property battle January 20, 2016 Confectionery company Nestle suffered yet another knock today in its ongoing intellectual property battle against Cadbury after the High Court ruled that its four-finger KitKat design could not be registered as a trademark. The High Court decision follows a ruling last September from the Court of Justice of the European Union. The European court determined that, [...]
London mayoral election 2016: Green Party candidate Sian Berry defends plans to demolish London City Airport January 20, 2016 Sian Berry wants to multiply the number of Londoners walking, cycling and using public transportation – and she has no shortage of suggestions for how to make that happen. The Green Party candidate for mayor of London backs Crossrail, expanding Overground services, building more segregated cycle lanes and extending the so-called Mini-Holland town centre schemes [...]
Respite and financial boost for debt-ridden Bolton in FA Cup third round replay against fifth-tier Eastleigh January 19, 2016 ENGLISH football’s crisis club Bolton were granted a modicum of respite and a much-needed financial boost by a 3-2 FA Cup third-round replay victory over fifth-tier Eastleigh. Wanderers are rock bottom of the Championship and saddled with £172.9m worth of debt, while on Monday they avoided a High Court winding up order after their case [...]
Hatton Garden heist: Three men found guilty of involvement in biggest burglary in British history January 14, 2016 Three men have been found guilty of involvement in stealing £14m worth of jewels from a Hatton Garden jewellers in the biggest burglary in British history. Carl Wood, 58 of Cheshunt, William Lincoln, 60 of Bethnal Green and known as "Billy the Fish" to friends, and Hugh Doyle, 48 of Enfiled, have been convicted at Woolwich Crown Court after a [...]
Euribor trial: 11 former Barclays, Deutsche Bank and Societe Generale employees set for first court appearance over rate fixing allegations January 10, 2016 Nearly a dozen people accused of manipulating a key rate of lending between European banks are due to make their first appearances in court this week in the latest of several rate rigging prosecutions brought by the Serious Fraud Office. 11 former employees of Barclays, Deutsche Bank and Societe Generale will appear at Westminster Magistrates’ Court on Monday over alleged manipulation of the Euro Interbank Offered Rate (Euribor). The men and [...]
Christmas comes early for Uber as burdensome regulations look set to be disregarded December 23, 2015 Uber is expected to receive an early Christmas present today as a raft of burdensome regulations that would have effectively shut the firm down in the capital look set to be disregarded after fierce opposition from business groups and consumers. The final responses to a Transport for London (TfL) consultation on how to better regulate [...]
Warning shot to the City as trader Tom Hayes’ conviction over Libor scandal upheld December 22, 2015 The City was sent a stark warning yesterday that authorities will continue to crack down on financial crime as Court of Appeal judges upheld Tom Hayes’ conviction for Libor rigging. Hayes, who was found guilty on eight charges of conspiracy to defraud and sentenced to 14 years in August for his role in the manipulation [...]
Renault completes Lotus takeover December 21, 2015 French manufacturer Renault will return to the Formula One grid in 2016 after formally completing its takeover of the financially ailing Lotus team yesterday. The car giant completed a share purchase agreement and confirmed that it would settle the debts owed by Lotus to HM Revenue and Customs and other creditors, which in turn signalled [...]
FTSE 100 index opens up as miners and ITV make gains while Associated British Foods, Rolls-Royce and Smith and Nephew fall December 21, 2015 The FTSE 100 index opened up this morning, as losses from Primark owner Associated British Foods (ABF) and Rolls-Royce were compensated for by gains at miners, BG Group and ITV. The UK's top blue-chip index was 0.64 per cent up at 6,052 points in early morning trading. BG Group was 0.97 per cent higher at 916.85p per share [...]
Netflix corporation tax bill was zero last year despite millons of customers, report claims December 20, 2015 Netflix is the latest company to face scrutiny over its tax arrangements as it was revealed that it paid no corporation tax in the UK last year, reports claim. It's estimated the TV and film subscription service known for Emmy award winning shows House of Cards and Orange is the New Black, made £200m in revenues from its [...]