Top Stories

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  Direct Line Unit Fined £10.6M For Solvency Miscalculation

  By Joel Poultney

  The Prudential Regulation Authority said on Wednesday that it has fined UK Insurance Ltd. £10.63 million ($14.27...(read more)

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  Courts Bill Progresses To Showdown Over Jury Trials

  By Christopher Crosby

  Lawmakers voted Tuesday to go ahead with the government's courts bill amid warnings from rebellious MPs that con...(read more)

• Google Beats Staffer's 'Sexist Bias' Whistleblowing Claim

  By Jamie Lennox

  Google has convinced a London tribunal to throw out a senior employee's claim that it penalized her for reporting a colleague who allegedly boasted about how many black women he'd had sex with.

• Biogen Settles Investors' $50M Claim Over Pain Drug Deal

  By Lucia Osborne-Crowley

  Shareholders have settled their dispute with U.K.-based drug company Biogen for allegedly failing to make a $50 million payment under a deal to acquire the company and its nerve pain medication, according to court documents.

• Regional Firm PM Law Faces Fraud Probe After Collapse

  By Marialuisa Taddia

  PM Law has entered into voluntary liquidation with a shortfall in assets approaching £3.6 million ($4.8 million) amid a police investigation into potential fraud at the Yorkshire firm, documents published by Companies House show.

• Revolut Says BoE Has Lifted Banking License Restrictions

  By Alex Davidson

  Revolut said Wednesday that the Bank of England has lifted restrictions on its banking license, approving its launch as a fully licensed lender in the U.K.

• Cladding Cos. Sued For £69M Over False Fire Safety Claims

  By William Janes

  A construction company has sued three building material manufacturers for almost £69 million ($93 million) over accusations that they caused it to use flammable cladding on a tower block complex by making knowingly untrue statements about the fire safety of their products.

• Legal & General To Start Record £1.2B Shares Buyback

  By Tom Fish

  Legal & General Group PLC said Wednesday it will begin a £1.2 billion ($1.6 billion) shares buyback, the largest in its history, as the British insurer and asset manager moves to return surplus capital to shareholders while reshaping its business.

• Short Film Co. Bids To Flip YouTube 'Shorts' Loss

  By Ronan Barnard

  A distributor of short films urged a London appellate court on Tuesday to overturn a ruling that Google LLC had not infringed on its "shorts" trademarks, arguing that the judge had wrongly analyzed the term's generally understood meanings.

• EU Lawmakers Back New Copyright Rules For AI Development

  By Jamie Lennox

  The European Parliament backed proposals on Tuesday that could require artificial intelligence developers across the world to adhere to a strict new regime of copyright protections when training their tools using protected works.

• Odey 'Violated' Ethics Over Sex Misconduct Probe, FCA Says

  By Sophia Dourou

  Crispin Odey "repeatedly violated" ethical rules for those working in financial services by frustrating an internal investigation into his sexual misconduct, the Financial Conduct Authority told the first day of an appeal hearing on Tuesday.

• PlayStation Users Say Sony Made Them 'Captives' In £5B Trial

  By Lucia Osborne-Crowley

  Sony has a "total grip" on the digital PlayStation market, lawyers representing millions of gamers said Tuesday at the opening of a £5 billion ($6.7 billion) class action against the tech giant, arguing it had made them "captives" of the brand and allowed Sony to raise prices and quash competition.

• Google, Epic Games Settle Play Store Fortnite Removal Fight

  By William Janes

  Google has reached a settlement over claims that it engaged in anticompetitive conduct by dropping the popular Fortnite video game from its Play Store after the game's maker, Epic Games, launched its own app payment system.

• Lawyers March On Parliament To Fight For Jury Trials

  By Tom Fish

  Lawyers marched to Parliament on Tuesday to urge the prime minister to shelve plans to restrict jury trials in England and Wales, warning that it would undermine a fundamental safeguard of the justice system while doing little to reduce delays in courtrooms.