Apple fails to have £785m English class action thrown out of court April 12, 2024 Last July, there was a class action brought on behalf of UK app developers against Apple, alleging that the company’s App Store holds an unfair monopoly.
Wealthy man’s stripped back negligence claim against Clyde & Co ‘must go to trial’ April 12, 2024 A wealthy businessman’s stripped-back claim against Clyde & Co ‘must go to trial’ after a judge threw out his case against two XXIV Old Buildings barristers. Riad Tawfiq Al Sadik, who owns the largest construction and engineering company in the UAE, filed a professional negligence against City law firm Clyde & Co, barristers Michael Black [...]
Jane Fraser’s overhaul marks Citi results as profits hit by severance costs April 12, 2024 Citi's results continued to bear the impression of Jane Fraser's restructuring plans, as profit fell sharply compared to the year before.
Five questions with Apinke Efiong, founder of EKÓ Botanicals April 12, 2024 Every week, Ambition A.M. passes the pen (or keyboard) to a founder eager to share the unfiltered stories fuelling Britain’s entrepreneurial spirit.
Blackrock assets swell to $10.5 trillion as inflows fall by more than half April 12, 2024 Blackrock's assets under management swelled to $10.5 trillion in the first quarter of this year due to strong global equity markets.
Wells Fargo profit falls as customers cash in on higher interest rates April 12, 2024 Wells Fargo outperformed market expectations in the first quarter of the year despite reporting a hefty fall in interest income.
JP Morgan profit surges on higher rates and First Republic purchase April 12, 2024 JP Morgan’s profit surged above expectations to $13.4bn in the first quarter of this year, up from $12.6bn a year earlier, thanks to higher interest rates and its takeover of First Republic. Revenue for the bank totalled $42.6bn, above expectations of $41.9bn, while earnings per share sat at $4.44, compared to estimates of $4.11. Significantly, [...]
Bank of England commits to ‘once in a generation’ reform after Bernanke review April 12, 2024 The review, launched last summer, was led by Ben Bernanke, who chaired the Federal Reserve between 2006 and 2014.
Do today’s GDP figures really show improvement in the UK economy? April 12, 2024 Today's release of figures on the UK economy figures feels like a big deal, with people proclaiming the end of recession. Is that right?
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.