Exclusive: UK becomes Europe’s leading jurisdiction for class-action lawsuits July 12, 2022 The introduction of “opt-out” claims has seen the UK become the leading jurisdiction for European class action lawsuits, according to new figures from law firm CMS, which show that more than half (54 per cent) of all class action lawsuits filed in Europe over the past five years were filed in the UK. The UK [...]
Tory leadership race: Javid drops out as eight candidates announced for first ballot July 12, 2022 Sajid Javid has tonight dropped out of the Conservative party leadership race as the eight contenders for tomorrow’s first vote are announced. Javid struggled to get the endorsements of the 20 MPs necessary to get on the ballot, with the former health secretary saying he now wanted to see the “debate unfold and to see [...]
RMT weighs up new deal after summer strike action July 12, 2022 RMT is mulling over a new offer which could finally bring to an end a bitter dispute with Network Rail over staff pay and working conditions.
Airlines lift off helps FTSE 100 reverse early losses July 12, 2022 London markets whipsawed today as a rally among airline stocks outweighed recession fears. The capital’s premier FTSE 100 index jumped 0.18 per cent to drop to 7,209.86 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, added 0.1 per cent to close at 18,854.96 points. [...]
North Sea operator Serica Energy rejects £1bn merger proposal from Kistos July 12, 2022 Serica Energy has rejected a £1bn merger proposal from Kistos, which is looking to expand its presence in the North Sea.
Rees-Mogg: Treasury ‘hasn’t been serious’ about Covid fraud July 12, 2022 Brexit minister Jacob Rees-Mogg has today said the Treasury “hasn’t been serious” about Covid fraud amid recent figures showing that more than £10bn was lost to scammers. In a further attack on Tory leadership frontrunner Rishi Sunak, Rees-Mogg said on his podcast that the ex-chancellor’s economic policies and “the approach of the Treasury as an [...]
The Evening Standard says commuters coming back despite losses deepening July 12, 2022 The Evening Standard reported a loss of £14m for the last year as the commuter paper battled to draw office workers back to its pages. According to filings on Companies House, the firm faced a 36 per cent year-on-year fall in turnover from £44m to £28m last year. The London freesheet said that despite work [...]
Three Arrows Capital founders seem to be missing after crypto hedge fund’s bankruptcy July 12, 2022 The founders of crypto hedge fund Three Arrows Capital (3AC) appear to have gone missing following the company’s bankruptcy. Lawyers representing the collapsed company’s creditors claimed that founders Zhu Su’s and Kyle Davies’ physical whereabouts were unknown ahead of a court hearing scheduled for today, according to court documents filed on Friday, CNBC reported. The [...]
Heat warning to passengers after London train track bursts into flames July 12, 2022 Traintracks on a London line near Battersea burst into flames as the UK-wide heatwave continue. Fire services were called and a London train service was paused after flames engulfed the wooden beams on a track in South London on Monday. Managing Director of Southeastern Railway, Steve White, took to social media to share a picture [...]
Spotify snaps up Wordle spin-off Heardle in interactive push July 12, 2022 Streaming giant Spotify has snapped up daily music game Heardle as the firm builds out its interactive offerings to keep music lovers listening.