Fund managers made ‘ridiculously extravagant claims’ on ESG, Aberdeen boss says Business Fund managers have made a “huge mistake” with their “ridiculously extravagant claims” on ESG investing, the boss of asset management giant Aberdeen has said amid a global retreat from ethical funds. Sir Douglas Flint told the City Week conference that investors had adopted a mindset of “we’re not really about investing money, we’re just jolly [...]
Vodafone and Virgin Media O2 strike £343m deal Tech Vodafone has received a boots worth £343m from Virgin Media O2 just a few weeks after its mega merger with Three was finally approved. Virgin Media O2 has agreed to pay £343m for a tranche of mobile spectrum from Vodafone UK in a deal which is hoped will help shore up its network capacity amid [...]
Crypto exchange to tokenise motor finance claims Fintech Tokenisation platform Bitfinex Securities has revealed a direct listing of a £100m tokenised equity issuance to provide litigation funding for claims against the motor finance industry
From fast track to gridlock: The Competition Appeal Tribunal faces its toughest test yet June 19, 2025 The Competition Appeal Tribunal is, by far, the busiest courtroom in the City. Yet, like most things, it has become a victim of its success.
‘It can’t cope’: Employment Tribunal cases surge with calls for Government action ahead of Worker Rights Bill June 12, 2025 Employment cases have increased, with growing backlogs and the looming Bill, the Government is called to intervene before the situation worsens
Can government force £2.5bn Abramovich Chelsea funds to Ukraine? June 8, 2025 Last week the UK government threatened to take Russian oligarch Roman Abramovich to court to make sure the £2.5bn raised from his sale of Chelsea FC went to Ukraine. Abramovich owned Chelsea from 2003 until his forced sale in 2022 following Russia’s illegal invasion of Ukraine. But the proceeds of the sale to a consortium [...]
Merricks v Mastercard: Low funder payout risks future UK class action June 6, 2025 Litigation funders take on great risk in class action cases. The CAT's intervention on the payout in Merricks v Mastercard will ultimately cost consumers.
UK-EU ‘reset’ is the surrender Starmer always dreamed of May 19, 2025 In negotiating the 'reset' in UK-EU relations, Keir Starmer has always sat on the EU's side of the table, writes Steve Baker.
EY audit of NMC ‘was deficient in multiple respects’ says regulator May 19, 2025 The High Court will hear a draft report by the FRC concluding that EY's audit of collapsed NMC "was deficient in multiple respects"
Terms emerge on UK-EU ‘reset’ talks May 19, 2025 Decisions on security, the youth mobility scheme, fishing and agriculture are anticipated to emerge from today’s UK-EU “reset” summit. These talks are part of a routine five year review of the UK-EU trade and cooperation agreement, which was signed in 2020. While agreements on key aspects of the deal have been completed, Trade Secretary Jonathan [...]