Glencore hit with investor lawsuit after bribery conviction October 10, 2022 Glencore is facing a class-action-style lawsuit in London's High Court, following its conviction for bribery earlier this year.
Red Bull found guilty of cap breach but team insist they were below limit October 10, 2022 Reigning Formula 1 constructors’ champions Red Bull Racing have been found guilty of breaching their £114m budget cap for last season but are unlikely to have their titles revoked. The decision yesterday by motorsport’s governing body the FIA stated that the energy drink branded outfit had outspent their $140m budget and committed a procedural breach [...]
Litigation funders warn EU regulation could hinder class-action lawsuits October 6, 2022 UK litigation funders have hit out at EU plans to regulate the sector in arguing the bloc’s proposals to cap fees could prevent class action lawsuits going forwards. The EU’s proposal is clear the litigation funding sector has the potential to support access to justice and help ensure public cases are brought to court, [...]
Richard Eyre: ‘Usually there’s a dark side to national treasure actors’ October 6, 2022 The number of over-60s around the world will almost double from 2015 to 2050, according to the latest data from the World Health Organisation. Amid this staggering rise, the NHS is facing constant calls for further funding, and health inequality widened significantly under the pandemic. For Richard Eyre, director of Iris and Notes On A [...]
Bolt to face court battle over drivers’ employment rights October 6, 2022 Ride-hailing app Bolt is set to face a class action lawsuit calling for it to class its drivers as workers rather than self-employed contractors. Law firm Leigh Day has filed a claim against Bolt on behalf of more than 1,600 of its drivers in calling on the Estonian tech company to give its drivers holiday [...]
From Poll Tax to tampons and 10p rates: Historic U-turns that left governments red faced October 4, 2022 Kwasi Kwarteng was forced into a U-turn on plans to scrap the 45p tax rate yesterday, just ten days after announcing the proposal in his ‘mini-budget’. While undoubtedly embarrassing for the new Chancellor, he is by no means alone in having to rapidly rethink big Budget announcements. City A.M. caught up with AJ Bell head [...]
Retail traders look to profit from tumbling pound October 2, 2022 Retail traders have been looking to follow the lead of hedge funds in the past week and capitalise on wild swings in the value of the sterling, sparked by the government’s tax-cutting mini budget.
The Financial Services and Markets Bill – second reading September 29, 2022 Lord Chris Holmes of Richmond explains the government's 335-page Financial Services Bill and what it means for crypto assets.
Ed Warner: Reform the FA to avoid the burdens of a sport regulator September 29, 2022 Can you name the new Minister for Sport? Turns out it’s Stuart Andrew, MP for Pudsey. Let’s hope he’s a sports fan as there’s nothing publicly available to say that he is (or indeed isn’t). And so the door to this most junior of ministries revolves again. And at a time when a number of [...]
Labour’s more corporate 2022 conference shows it’s closer to power September 28, 2022 An increasing sense of triumphalism descended on the Labour party conference the longer it went on. While the government’s mini-budget rattled financial markets, and the Tory party descended into factional warfare again, Labour leader Sir Keir Starmer delivered an impressive conference speech that electrified the party faithful. Every Labour staffer and activist I spoke to in [...]