Top Stories

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  Mike Lynch's Estate Denied Appeal In HP Fraud Case

  By Eddie Beaver

  Mike Lynch's estate has been refused permission to challenge a ruling that the entrepreneur fraudulently misled ...(read more)

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  M&A, Deregulation Bring Reset To UK Asset Management

  By Najiyya Budaly

  Consolidation of the asset management sector is ramping up as U.S. firms seek access to the domestic market and ...(read more)

• Investors Challenge India's Immunity In $217M Arbitration Row

  By Joanne Faulkner

  Investors in an Indian satellite communications company challenged at the Court of Appeal on Tuesday a ruling that the country can claim state immunity to block enforcement of arbitration awards worth $217 million.

• Commons Reverses Lords' Bid To Raise Tax-Free Pension Cap

  By Joel Poultney

  Lawmakers in the House of Commons overturned a proposal by the House of Lords to raise a planned cap on tax-free pension salary sacrifice from £2,000 ($2,700) to £5,000, as the government pushed forward on Tuesday with a measure labeled regressive by critics.

• Bank Of London Fined £2M For Misleading Capital Claims

  By Alex Davidson

  The Bank of England said Tuesday that it has fined Bank of London £2 million ($2.7 million) for failing to act with integrity and misleading the regulator on its capital holdings, which included providing several fabricated documents.

• Estée Lauder Confirms Merger Talks With Spain's Puig

  By Najiyya Budaly

  U.S. cosmetics giant Estée Lauder has confirmed it is in talks to merge with Puig, a Spanish fashion and beauty group, to create a combined business with sales of around $20 billion.

• PI Says Hacking Confession In Celebs' Mail Claim Was Forged

  By Ronan Barnard

  A private investigator testified Monday that his signature had been forged on a witness statement in which he allegedly confessed to phone hacking, and which underpins privacy claims brought by Prince Harry, Elton John and other public figures against the Daily Mail's publisher.

• Ex-Jones Day Pro Suspended Over 'Burn It' Evidence Order

  By William Janes

  A former private equity partner at Jones Day has been suspended from practicing for two years after a disciplinary tribunal concluded he was guilty of professional misconduct for instructing an IT manager to delete electronic evidence.

• Freshfields Guides Danone's Acquisition Of UK Nutrition Biz

  By Najiyya Budaly

  French food and beverage heavyweight Danone said Monday that it will buy privately owned British meal replacement producer Huel Ltd., aiming to cement its place in the functional nutrition market.

• FCA Opens Its Data To Palantir In Fraud Crackdown

  By Christopher Crosby

  The Financial Conduct Authority said Monday that it will give Palantir Technologies Inc. access to its regulatory data as part of its efforts to crack down on financial crime by using artificial intelligence as a resource. 

• Hybrid Work Here To Stay As UK Emphasizes Flexibility

  By Adele Redmond

  Six years after the first COVID-19 lockdown forced many people to work remotely, hybrid working has become a middle ground between full-time remote work and five days a week at the office — and lawyers warn that employers will find that harder to change as new legislation enshrines stronger flexible working rights.

• Targeted Co. Calls For Safeguards Against Activist Investors

  By Najiyya Budaly

  Edinburgh Worldwide Investment Trust urged the Financial Conduct Authority on Monday to review the regulatory framework to ensure stronger safeguards for the independence of boards, conflicts of interests and related-party transactions.

• Aerospace CEO Tried To Tank £36M Finance Deal To Save Job

  By William Janes

  A London court ruled Friday that the former chief executive of British aerospace manufacturer Gardner plotted to shoot down a £36 million ($48 million) Chinese financing deal in a bid to avoid being pushed out of the business.

• MFS Faces FCA Probe After Collapse With £1B Debts

  By Alex Davidson

  The City watchdog said Friday that it has launched an enforcement investigation into Market Financial Solutions Ltd., a U.K. provider of property loans that collapsed in February with debts of more than £1 billion ($1.3 billion).