UK’s biggest class action lawsuit could expose the perils of litigation funding March 14, 2025 This week lawyers are delivering their closing arguments in the UK’s biggest ever class action lawsuit relating to a dam disaster in Brazil. The victims deserve justice, but the predatory business model of their funders does not inspire confidence, says Mark Hollingsworth Litigation is risky, expensive and stressful. Just ask the 555 beleaguered subpostmasters whose [...]
Founder of whisky investment firm Hackstons tied to notorious ‘Wolf of Wall Street’ wine scam March 13, 2025 A high-flying salesman who made millions during his time at a business that was subsequently exposed as a notorious wine scam is now running a West End whisky investment firm having changed his name, City AM can reveal. Alphie Valentine, 41, is the co-founder and director of Hackstons, whose flagship store opened in Knightsbridge in [...]
Mark Kleinman: FCA chief Rathi not at the exit door after all March 13, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column. Today, he looks at the FCA chief, big Boots to fill and a high street icon FCA chief Rathi not at the exit door after all Embattled, besieged, under-fire: a few short weeks ago, there seemed no [...]
Boohoo rebrands as Debenhams in shift to a marketplace model March 11, 2025 Boohoo will rebrand to Debenhams as it shifts to a marketplace model to house its brands in the first phase of its turnaround plan. Shares in the company dropped just over three per cent on the news. The Manchester-based company has been struggling with low sales for its youth brands—Boohoo, PLT, and MAN—posting a pre-tax [...]
Evri-thing that’s wrong with parcel delivery March 11, 2025 Missed deliveries, parcels abandoned on doorsteps or sent to the wrong house – online shopping has gone from a convenience to a hassle. But why do couriers provide such bad service? Asks Emma Revell It’s not a career I ever expected to get into, but I appear to have found myself working as a parcel [...]
Labour’s growth agenda? Necessary but not sufficient. March 11, 2025 Ministers will be deeply frustrated at the lack of economic growth, though they ought not to be surprised. Their own missteps have been well covered in this newspaper, and week after week new survey data reveals the extent to which government policies have dampened spirits, reduced hiring and spooked confidence. However, while their opening salvo [...]
Atom Bank wants to inspire staff back to the office March 10, 2025 The boss of Atom Bank said he wants to inspire his staff back to the office as he announced plans to relocate its headquarters to Newcastle. Chief executive Mark Mullen has confirmed plans to move its head office from The Rivergreen Centre in Durham to The Pattern Shop in Newcastle. The Pattern Shop was where [...]
Ministers to be questioned on alleged Palestinian militant who crossed Channel March 9, 2025 Ministers are facing questions over reports an alleged Palestinian gunman illegally crossed the channel on a small boat. According to the Mail on Sunday, Abu Wadee is a former key member of a militant group who has called for the slaughter of all Jews and posed with AK-47s. Wadee, who is believed to be in [...]
Excluding women in defence is costing business March 8, 2025 Western defence has made massive strides, but the sector has a massive gender problem - and it's costing business, writes Naomi Hulme.
‘It’s not enough to do good work, you have to tell people’: Naomi Tarawali on making it in law March 6, 2025 Naomi Tarawali became a partner at global law firm Cleary Gottlieb aged just 33. She tells us how in this week's Square Mile and Me.