Exclusive: Fallout at Garrick Club over legal advice from Lord Pannick on admitting women April 12, 2024 There has been weeks of backfire against the club after it was revealed all of the legal professionals - including judges - who were members of the London’s men-only club.
Former Deloitte lawyer cleared by disciplinary tribunal April 12, 2024 Following the conclusion of the case, the Tribunal found that the allegations against him were not proven.
Crunch time: Cérélia forced to sell Jus-Rol after court dismisses appeal April 12, 2024 French pastry maker Cérélia has been ordered to sell frozen pastry Jus-Rol after losing an appeal against the competition watchdog. US based food company General Mills, which owns Jus-Rol, announced in November 2021 that it agreed to sell its European dough businesses to Cérélia. With an annual turnover of €800m (£682m), Cérélia brands include Croustipate, [...]
Blackrock fails appeal to cut tax bill on £10.8bn Barclays deal April 11, 2024 The Blackrock Group has lost an appeal to reclaim tax from HM Revenue and Customs (HMRC) on its 2009 $13.5bn (£10.8bn) acquisition of Barclays Global Investors. The asset manager’s structure Blackrock Holdco 5, LLC was used to acquire the North American investment management business of Barclays Global Investors from Barclays Bank in December 2009. At [...]
Here’s how much Michelle Donelan’s defamatory letter cost UK taxpayers April 11, 2024 The science and technology secretary settled a libel case after she falsely accused two academics of “sharing extremist views” and one of supporting Hamas.
Vietnamese woman sentenced to death for £10bn white collar crime April 11, 2024 Truong My Lan (67), the founder of Van Thinh Phat Group, a real estate development group, was arrested in 2022 for her role in a £10bn financial fraud, the country's biggest on record.
Top UK law firms borrowing more as lawyers struggle to get clients to cough up April 11, 2024 The total debt at the UK’s top 50 law firms has hit £5.4bn, as the tougher economy sees firms struggle getting clients to pay their bills. According to data shared exclusively with Morning Wire by accountancy firm Lubbock Fine, the total debt has hit £5.4bn, up by £177m in the past year. The data is [...]
Alpha Financial Markets: Consultancy sees trading boost despite ‘challenging market conditions’ April 11, 2024 Alpha Financial Markets Consultancy, which offers professional services to the financial services industry, has reported improved trading in recent months after "challenging market conditions" dragged on performance at the start of 2024.
Why the ‘McMafia’ law failed to root out kleptocrats’ ill-gotten gains April 11, 2024 A legal tool designed to sniff out illicit wealth was meant to help rid the City of dirty money. But it hasn't quite delivered the results the government might have hoped for, Ben Lucas reports
HMRC roasted by ‘mega’ marshmallows after Tax Tribunal dismisses appeal April 10, 2024 A London-based wholesaler of American sweets and treats, Innovative Bites, appealed after the HMRC decided that 'mega marshmallows' was confectionery and ought to have been standard rated.