Marks and Spencer loses appeal against former landlord BNP Paribas December 2, 2015 You know that times are tough for retailers when they are prepared to fight for every penny they could put back in the piggy-bank. Marks and Spencer (M&S) has today lost a long-running battle against its former landlord BNP Paribas after the Supreme Court dismissed its appeal to claw back £1.1m of rent it claims it overpaid. In July 2011, [...]
Clydesdale clears final legal hurdle ahead of demerger and IPO tomorrow February 1, 2016 Australian courts have approved the sale of Clydesdale and Yorkshire banks, one day before the banking business is expected to begin conditional trading in London. National Australia Bank (NAB), which still owns Clydesdale and Yorkshire Banks (CYBG), said overnight that the CYBG demerger had been approved by Supreme Court of Victoria. NAB shareholders voted in favour of the [...]
Marks & Spencer looks to solve legal wrangle with former landlord BNP Paribas December 1, 2015 It’s not just individuals that quibble with their landlords. Marks & Spencer (M&S) is tomorrow hoping to settle a long-running dispute with former landlord BNP Paribas over rent it claims to have overpaid on its old Paddington offices. In July 2011, the high street retailer exercised a break in its leases and served notice on four floors of [...]
Meet Ted Cruz: The dark horse Republican who could pip Donald Trump to the nomination January 8, 2016 Senator Ted Cruz is the most interesting candidate in the US presidential race right now. As a darling of the Tea Party, in 2012, he swept into the Senate, representing Texas, having campaigned on deeply conservative principles and policies. At the time, many dismissed him as a rabble-rouser who would wind up as a less [...]
Flash crash trader: Judge rules Navinder Singh Sarao can be extradited to the US to face trial March 23, 2016 A judge has ruled that Navinder Singh Sarao, the so-called hound of Hounslow, can be extradited to the US to face charges carrying a maximum sentence of 380 years. Sarao plans to appeal the verdict and has been released on bail. The US Secretary of State must now make an order for the extradition to the Home Office within the next [...]
Why Britain really joined the EU and should now vote to leave it May 12, 2016 Students and journalists often seem to believe that Britain had to join the EEC (later the EU) because geopolitical realities demanded this or economic decline forced it on us. Nonsense. Ditching our victorious Commonwealth wartime allies to join a combination of Luxembourg, Belgium, the Netherlands, Italy, (Nato occupied) West Germany and a France that had [...]
London set to maintain reputation as global divorce capital after landmark ruling October 15, 2015 London is set to maintain its cosy reputation as the divorce capital of the world after yesterday's Supreme Court ruling, which gives divorcees the right to go back to the negotiating table if their ex has lied about or hidden their wealth. The highest court in the land has backed Alison Sharland and Varsha Gohil, [...]
JKX Oil & Gas blocks shareholders Eclairs and Glengary from vote over Proxima bid January 25, 2016 JKX Oil & Gas has blocked two of its biggest shareholders from attending or voting at a general meeting this week, at which the board risks being ejected. Eclairs Group and Glengary Overseas – who own 27.5 per cent and 11.4 per cent respectively – have been banned from taking part in the meeting on Thursday, [...]
Landmark ruling means divorce cases can be reopened if husbands lied about their wealth October 14, 2015 A landmark ruling by the Supreme Court has paved the way for divorce settlements to be renegotiated if husbands lie about their wealth. Alison Sharland and Varsha Gohill had argued they had been misled by their former spouses as to the true extent of their wealth when their divorce claims were settled. Their cases are [...]
Daily Mirror publisher loses phone hacking appeal in the Court of Appeal, and Trinity Mirror share price closes down for the day December 17, 2015 Mirror Group Newspapers had its appeal over the amount of damages it had to pay in relation to phone hacking thrown out by the Court of Appeal today. Earlier this year, the company was ordered to pay eight individuals compensation in range from £72,500 to £260,250 each, totaling £1.2m overall, after staff gained unauthorised access to their voicemail messages. The [...]