Former F1 boss Bernie Ecclestone is facing a fresh trial over alleged bribery March 24, 2018 Formula One's former chief executive Bernie Ecclestone is set to face a fresh trial over bribery and corruption allegations, relating to the 2006 sale of the motor racing business to private equity firm CVC Capital Partners. London's High Court announced yesterday that Ecclestone will face trial on 1 October 2019, reviving a case which Ecclestone [...]
An investment to hold when volatility strikes? March 7, 2018 Funds in the Targeted Absolute Return sector aim to produce positive returns in a variety of market conditions through using sophisticated investment techniques such as short selling (profiting when prices fall). They generally aim to make modest yet consistent gains with smoother performance than traditional funds; admirable objectives that resonate with many investors, but there [...]
Noel Edmonds complains to advertising watchdog about Lloyds Bank adverts February 15, 2018 Television presenter Noel Edmonds has complained to the advertising watchdog about Lloyds Bank’s adverts, opening a new front in his battle with the lender. Edmonds this month launched a £60m legal action against Lloyds, which bought the HBOS bank he alleges was involved in the collapse of his business, Unique Group, before the financial crisis. [...]
Deutsche Bank posts third annual loss in a row after US tax hit | City A.M. February 2, 2018 Deutsche Bank today posted its third annual loss in a row as a previously announced €1.4bn hit from the US tax reforms and a poor investment banking performance pushed the German lender into the red. Deutsche Bank reported a net loss of €500m (£438m) for 2017 after taking the charge related to the US changes [...]
TV presenter Noel Edmonds secures Therium litigation funding for Lloyds HBOS legal battle January 31, 2018 TV presenter Noel Edmonds has secured millions of pounds of litigation funding for a legal battle with Lloyds Banking Group over the actions of HBOS before it was acquired. Therium Capital Management, which specialises in funding expensive legal cases, has agreed a "seven-figure" funding package for Edmonds' claim. The former Top of the Pops and [...]
Finally, all UK banks pass the stress tests: is now the time to invest? December 8, 2017 Imagine you emerged blinking from your bunker in the wake of this: interest rates up to 4 per cent the value of the pound down more than a quarter unemployment up almost 10 per cent residential property prices down by a third commercial real estate prices down by two-fifths world and UK GDP down 2.4 [...]
Avoiding the financial perils of divorce November 29, 2017 If your marriage has broken down, the emotional strain can take its toll. But splitting your finances can make the divorce process a lot tougher. Last year, the number of divorces among opposite sex couples increased by 5.8 per cent compared to 2015, according to figures from the Office for National Statistics. But worryingly, [...]
Staying afloat: What the string of shelved IPOs means for investors November 28, 2017 It takes a brave business leader to list their company on a public stock exchange, and while the success of an IPO is largely based on the firm’s underlying fundamentals, it’s also a delicate act of timing. This month, we’ve seen a string of British companies shelve their plans to float, including the likes of [...]
Nearly 45,000 UK drivers have teamed up for legal action against Volkswagen over emissions scandal with hearing set for 27 November November 16, 2017 Nearly 45,000 motorists have now teamed up in a class action lawsuit against Volkswagen in England and Wales, with a pre-trial hearing scheduled for later this month. The consumer group has announced today that the next hearing in the UK legal action against VW will take place in the High Court on Monday 27 November. [...]
RBS investors forced to wait longer for pay-out amid legal dispute November 12, 2017 Shareholders who won a landmark legal action against Royal Bank of Scotland (RBS) in the summer face a further wait for their money because of a dispute over costs. Thousands of RBS investors, gathered together by the the RBoS Shareholder Action Group, won £200m in June from the bank, which settled claims that it misled [...]