Poundstretcher seeks rent cuts in survival bid Legal Discount retailer Poundstretcher is set to be restructured by its owner, Fortress Investment Group, to reduce property-related overheads and avoid closure. The plan will see the retail chain, which operates 298 stores in the UK, stabilise a “substantial fall in turnover” and rising leasehold costs, the Insolvency and Companies Court heard today. In the High [...]
Divorce costs hit finances beyond lawyer fees, says Octopus legal group Legal Divorce costs are financially draining for separating couples in the UK beyond just legal fees, according to a new report from Octopus-owned legal service, Amicable. The report, which surveyed 2,000 UK adults who have either divorced, separated, or dissolved a civil partnership over the last 10 years, found that almost 40 per cent said their [...]
HMRC handed red card in £584,000 football referee tax lawsuit Legal HMRC has lost a long-running legal battle against the UK’s football refereeing body over the employment status of 60 referees, after the tax authority issued a £584,000 tax bill. In a judgment on Friday, the First Tier Tribunal (FTT) upheld that the referees were self-employed and not employed by the body, the Professional Game Match [...]
Motor finance provider faces administration amid £9bn redress fallout May 5, 2026 Blue Motor Finance is reportedly on the verge of administration after a series of financial setbacks and pressures stemming from the City regulator’s planned £9bn motor finance redress scheme. The independent motor finance provider is said to be facing a redress bill of over £50m, having lent over £1bn to over 120,000 customers – as [...]
Stephen Fry launches £100k lawsuit against tech conference over fall April 30, 2026 Stephen Fry is suing the organisers of tech conference CogX Festival after falling off the stage at the O2 Arena in London and breaking his leg, pelvis, and ribs. Filed in the High Court, the 68-year-old actor and comedian is alleging in his £100,000 claim that the accident, which happened in 2023, was caused by “negligence” from CogX [...]
City law firms clamp down on the equity cookie jar April 30, 2026 Law firms are tightening access to equity partnerships to protect profits, increasingly reserving the equity pool for top performers, writes Maria Ward-Brennan. As the Big Four giants dominate the headlines with internal changes, the firms are seeking to regain control of their expanded equity pools amid profitability problems. These giants are looking to mirror what [...]
Mercedes Benz joins legal battle over £9bn motor finance scheme April 29, 2026 Mercedes Benz is confirmed to be among the four legal challenges lodged against the UK financial watchdog’s motor finance redress scheme. The financial services arm of the German car giant is set to challenge the scheme that puts the car finance industry on the hook for £9.1bn in compensation. The carmarker has thus far set [...]
Meet the startup backed by Peter Thiel that wants to ‘hold journalists to account’ April 28, 2026 Founder Aron D’Souza spoke to Maria Ward-Brennan about his Peter Thiel-backed startup, which aims to hold journalists accountable by providing real-time ratings and investigations into their reporting practices. There exists a lively debate about the extent to which AI could replace journalists, but before it does that – could it develop a hold over the [...]
Motor finance lenders warned of ‘gridlock’ as £9bn scandal clogs rearview April 27, 2026 The UK’s top banks are gearing up to put the long-running motor finance scandal in the rearview mirror but warning lights on the dashboard suggest they may still face “gridlock” on the multi-billion pound saga. FTSE 250 lender Vanquis became the latest on Monday to confirm it would not lodge a legal challenge against the [...]
Magic circle Freshfields to co-build legal AI with Anthropic April 24, 2026 Magic circle law firm Freshfields has signed a multi-year agreement with AI giant Anthropic, giving the firm easy access to Anthropic’s latest AI models and collaborating to help design Anthropic’s next-generation offerings. As part of the deal, Freshfields has rolled out Anthropic’s Claude models to its entire global workforce of 5,700 users across 33 offices, [...]