Motor finance: Lloyds and Close Brothers shareholders await landmark hearing March 19, 2025 The eyes of shareholders at Britain’s biggest lenders will be on April’s landmark motor finance hearing, as the scandal heads to the Supreme Court. The hearing, scheduled for April 1-3, will allow car loan providers to challenge the October 2024 Court of Appeal ruling that it was unlawful for banks to pay a commission to [...]
Analysts put Close Brothers shares ‘under review’ as stock plummets March 18, 2025 Peel Hunt analysts placed Close Brothers shares ‘under review’ after the banking group suffered a £104m loss in the first half of its 2025 financial year. The lender said losses were driven by the £165m reserved for potential motor finance payouts, along with costs of complaint handling and legal expenses. Close Brothers’ stock sank as [...]
Umbro owner at Supreme Court over football boot logo row March 17, 2025 Umbro's owner is at court seeking to fight off an appeal over a ruling in its favour over the similarity between its logo and an online footwear brand
Regulator considers redress scheme in motor finance review March 11, 2025 In a statement this morning, the Financial Conduct Authority (FCA) has outlined its next steps in its motor finance review – including an industry-wide redress scheme if the Supreme Court upholds last year’s Court of Appeal ruling. The UK’s top court is expected to hear the appeal in early April as part of the growing [...]
Treasury refused permission to intervene in motor finance battle February 17, 2025 The Supreme Court has rejected the Treasury's application to intervene in the upcoming hearing over the motor finance scandal
Court chucks out HMRC double tax treaty case against RBC February 12, 2025 The UK Supreme Court, by a majority, dismisses HMRC's appeal over a double tax treaty linked to a North Sea oil production
Motor finance: Close Brothers calls on magic circle law firm for court battle February 6, 2025 Close Brothers has swapped in a top magic circle law firm for its Supreme Court battle to overturn the landmark motor finance test case.
Supreme Court upholds Tiktok ban despite Trump’s efforts January 17, 2025 On Friday, the Supreme Court confirmed the federal law banning Tiktok in the US from 19 Sunday, unless the app is sold. This unanimous decision to ban-or-sell the video app was made due to national security claims. “There is no doubt that, for more than 170 million Americans, Tiktok offers a distinctive and expansive outlet [...]
Russia sanctions under spotlight in landmark case with Abramovich ally January 15, 2025 UK Russian sanctions will be under the scope at the Supreme Court today as Eugene Shvidler seeks to remove the sanctions against him
UK’s top court puts final nail in FCA case against former Julius Baer staff January 6, 2025 The Supreme Court has refused to hear a FCA appeal which brings an end to its unsuccessful case against three former employees of the Julius Baer Group