Lidl: Big on expansion with plans to open over 200 more stores across London April 24, 2023 Lidl said it was planning to open a further 200 stores across London as soaring food costs continued to drive demand for discount supermarkets. This morning Lidl released its list of priority locations for new stores across London and the wider UK, with some 247 locations across the capital highlighted as potential sites. Lidl, which [...]
Law firm sues Ghislaine Maxwell over unpaid legal fees August 25, 2022 A Colorado law firm is suing British socialite Ghislaine Maxwell over claims she failed to pay $878,302.66 (£742,000) in legal fees. Law firm Haddon, Morgan and Forman has filed a claim against Maxwell in a Denver district court, after acting on her behalf in the high-profile sex trial that saw her jailed for 20 years. [...]
World’s top insurers to face aircraft leasers in High Court ‘mega trial’ over planes seized by Russia March 15, 2023 Insurance giants Lloyd’s, AIG and Fidelis are set to face a ‘mega trial’ in London’s High Court over their refusal to pay out billions in insurance claims to aircraft leasers that had their planes seized by President Vladimir Putin. A High Court judge has ruled claims brought forward by an array of the world’s biggest [...]
HMRC sues EY following dispute over property tycoon’s tax affairs November 15, 2022 HMRC has filed a High Court lawsuit against EY over alleged misrepresentations to the UK tax authority in relation to British property investor Jamie Ritblat’s tax affairs. The case relates to a broader dispute between HMRC and the Tory donor over taxes on £141m in profits from Ritblat’s Delancey property investment firm, the Financial Times [...]
JP Morgan wins £1.4bn court battle against Nigeria June 14, 2022 A High Court judge today ruled in favour of JP Morgan, after dismissing Nigeria’s $1.7bn (£1.4bn) lawsuit against the bank, over claims it acted negligently by transferring $875m to an account linked to convicted money launderer and former Nigerian oil minister Dan Etete. The ruling comes after Nigeria first sued JP Morgan in 2017, over [...]
Glencore fined £582m by US court for bribing African and South American officials March 1, 2023 Glencore has been fined $700m (£582m) over the corruption scandal that saw the company’s execs pay more than $100m in bribes to officials in Africa and South America. A New York court has ordered Glencore to pay a $428.5m fine and forfeit a further $272m, after the commodities giant agreed a plea deal last May. [...]
From Heathrow’s row to SAF: Here are the top five things to watch out for in aviation next year December 24, 2022 To say that the UK aviation industry has had an eventful 2022 would be an understatement. This time last year, airlines and airports were on their knees as the Omicron variant emerged from South Africa at the end of November and in a matter of weeks reached Britain, bringing with it a truckload of new [...]
City A.M. tech and media awards 2023: blunders, board battles and the cage fight that got away December 29, 2023 Welcome to the inaugural City A.M. tech and media awards, where we look back on the best, the worst and the weirdest moments of the year.
Shareholders and Activism: How NGOs use AGM Season to Apply Pressure June 13, 2024 From food companies to energy giants and investment banks, publicly traded companies across sectors are in the middle of AGM season. While AGMs have always seen scrutiny from NGOs, the last few years have seen a sharp rise in attention – 2023 levels were 120% higher than 2019. This is not investor or shareholder activism. [...]
Crisis-hit LME hires ex-London Stock Exchange chief to manage clearing house July 5, 2023 LME Clear has turned to a former London Stock Exchange chief executive as it scrambles to restore investor confidence.