Watchdog to probe unfair PPI sales fees May 27, 2015 BANKS and brokers could face a new wave of costs related to payment protection insurance (PPI) and other products sold to customers, after a judge said hidden high commissions on sales can be unfair on customers. The Financial Conduct Authority (FCA) is looking into the judgement from the Supreme Court in November 2014, which found [...]
Plevin v Paragon: FCA considers adopting new rules following landmark PPI case May 27, 2015 The FCA is considering whether to introduce new rules around PPI complaints following last year's ruling on the landmark Plevin v Paragon case. Last November the Supreme Court ruled that failing to disclose commission made the relationship between lender and borrower unfair in a case in which Mrs Plevin, a 59-year-old college lecturer, received [...]
EU referendum: Wetherspoon boss warns European Union is “doomed” because it lacks democracy April 26, 2016 The European Union is "doomed" because it doesn’t have the level of democracy required to make it a great economic region, the boss of one of the UK's biggest pub chains has warned. Tim Martin, the chairman of JD Wetherspoon and a staunch supporter of the Leave campaign, said that just as the euro could [...]
EU referendum: Remain or Leave – a matter of war and peace? May 11, 2016 Invoking Blenheim, Trafalgar, Waterloo, the Great War, and the Battle of Britain, as arguments for UK engagement with Europe and the world was provocative and historically questionable, but to use these conflicts to support UK membership of the EU as essential is just daft. This is dishonest Remain-style parody of “Leave”. No one is advocating [...]
Magna Carta 2015: David Cameron uses the Great Charter to back his pledge for British Bill of Rights June 15, 2015 David Cameron might be famous for forgetting what Magna Carta means in English, but that's not stopping him getting in on today's 800th anniversary celebrations to make his pledge for a British Bill of Rights. The Prime Minister, who suffered an embarrassing interview with David Letterman in 2012, has today pledged (again) to scrapping [...]
Cheltenham Festival 2016: Experts share their tips with racing-mad City audience March 13, 2016 Ruby Walsh plans to leave the decision on which horse he rides in Friday’s Cheltenham Gold Cup until Wednesday morning, but John Francome, who won chasing’s most coveted crown on Midnight Court in 1978, has no doubt that he will side with Djakadam. Having been entertained by the legendary champion jockey amongst other sporting luminaries [...]
Supreme Court ruling in favour of BT ends dispute over 08 charges July 9, 2014 BT was boosted yesterday by winning a court ruling over the price it is able to charge mobile operators for connecting calls to fixed-line 08 numbers. The Supreme Court found in favour of BT’s right to set prices for termination charges for mobile calls to non-geographic 08 numbers, bringing to a conclusion years of disputes [...]
End in sight for Enron scandal as administration in Europe ends April 6, 2015 The administration of failed energy giant Enron’s European operation has completed. Accountancy firm PwC was appointed to oversee the winding up of the company’s assets in Europe, after the US-based group imploded 14 years ago. The firm had employed 21,000 people before its collapse, and 1,400 of those worked in the group’s European [...]
Ryanair claims breach of human rights as it appeals to top court February 12, 2015 RYANAIR is taking its legal challenge over Aer Lingus to the UK Supreme Court, yesterday claiming it is a human rights issue. The budget airline had previously been told by the Competition and Markets Authority (CMA) to sell off its 29 per cent stake in Irish flag carrier Aer Lingus, reducing its stake to no [...]
The Competition and Markets Authority issues “final order” demanding Ryanair sell its Aer Lingus holding to British Airways parent IAG June 11, 2015 The Competition and Markets Authority has issued a final order that Ryanair sell down its stake in Aer Lingus, reducing its holding from 29.8 per cent to five per cent – but Ryanair has hit back at what it calls a "ridiculous" ruling. It follows a decision by the Irish government last month to [...]