KKR-backed fintech takes £13m hit from motor finance scandal March 10, 2026 A UK fintech backed by investment giant KKR has posted a hefty loss after being forced to set aside cash for the brewing motor finance scandal. Oodle Finanical Services recorded a pre-tax loss of £38m for the financial year ending 30 June 2025, after the firm was forced to set aside a whopping £12.8m in [...]
Crispin Odey threatened to ‘shut down’ fund if board tried to oust him March 9, 2026 Crispin Odey threatened to “shut down” his eponymous hedge fund if he was dismissed by its board or it proceeded with investigations into his alleged misconduct against his wishes, a court will be told. Disgraced financier Odey faces the City watchdog at the High Court this week as he seeks to overturn a ruling that [...]
Crispin Odey set for high-stakes legal showdown with the FCA March 9, 2026 Millionaire fund manager Crispin Odey is set to face the City watchdogs for a three-week trial as he aims to challenge his £1.8m fine and ban from working in the financial services industry. After a series of historical sexual assault allegations that were made against Odey, the Financial Conduct Authority (FCA) slapped him with a hefty [...]
Four men arrested on suspicion of spying for Iran March 6, 2026 Four men have been arrested on the suspicion of spying for Iran on the Jewish community, the Metropolitan Police has said. The men were suspected of conducting surveillance of Jewish people in London. One Iranian national and three British-Iranian nationals were arrested in the early hours of Friday morning in Barnet and Watford. They were [...]
War in Iran sparks professional services remote work boom in Gulf March 5, 2026 Professional service giants have triggered emergency business continuity plans, shifting hundreds of staff to remote work across the UAE, Qatar, and Saudi Arabia amid deepening conflict in the Middle East. Since Donald Trump and Benjamin Netanyahu’s surprise attack on Tehran in the early hours of Saturday morning, Iran has retaliated with strikes on major cities [...]
Men taking parental leave holds the key to women’s advancement at law firms March 5, 2026 In recent years, leading law firms have made concerted efforts to improve gender diversity in their ranks, but when it comes to real power, progress remains insufficient. Many of the top law firms have set targets for partnerships and leadership roles, aiming to fill at least 40 per cent of these positions with women by [...]
Labour MP’s partner among three arrested in China spy probe March 4, 2026 Three men, including a partner of a Labour MP, have been arrested on suspicion of spying for China. The Metropolitan Police revealed on Wednesday that the men, aged 39, 43 and 68, were arrested in London and Wales as part of a counter-terrorism policing investigation under the National Security Act. One of those arrested, David [...]
Iceland versus Iceland: Trademark feud put on ice March 4, 2026 The decades-long trademark dispute between UK retailer Iceland and its Nordic namesake looks to be thawing as the supermarket’s boss offered discounts for shoppers in Reykjavik. Executive chair Richard Walker has signalled an end to the frosty dispute between Iceland and Iceland which was kicked off by his father, the retailer’s co-founder Malcom Walker. The [...]
Accountancy firms lag behind legal firms in gender equality at top level March 3, 2026 The UK accountancy sector is lagging in diversifying its leadership, with only half of firms having at least one woman at the board or partnership level. According to data exclusively shared with City AM by Lubbock Fine, UK accountancy firms are lagging behind legal firms in the proportion of women at the senior level. The [...]
Lawyers raise red flags over Labour’s non-compete shake-up March 2, 2026 The future of non-compete clauses in the UK is at a crossroads, with the government considering major reforms, but lawyers warn that this could lead to unintended consequences for both businesses and workers. Non-compete clauses in the UK restrict employees from joining competitors post-employment, but are enforceable only if reasonable in scope, duration, and geography to [...]