Top Stories

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  A&O Shearman Profit Hits $1.6B Amid High-Value Work

  By Ashish Sareen

  A&O Shearman said Thursday that a shift toward higher-value cross-border work in transactions and financings hel...(read more)

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  TfL Hackers Get 11 Years After £39M Attack Driven By Bravado

  By Sophia Dourou

  Two hackers who carried out a cyberattack that cost Transport for London £39 million ($52.6 million) were each s...(read more)

• Businessman To Repay $4.9M In Rajasthan Royals Stake Fight

  By Eddie Beaver

  Businessman Raj Kundra must repay $4.9 million he received under a settlement resolving disputes over his former Rajasthan Royals stake, as a London court ruled Thursday that he has no realistic prospect of defeating claims that his social media posts about the cricket franchise breached the agreement.

• Rail Operators Lose Appeal Over £4.9M Union Offer Payout

  By Max Austin

  A London appeals tribunal held Thursday that two rail operators breached collective bargaining rules by cutting negotiations short and taking a pay offer directly to union members, preserving a £4.9 million ($6.4 million) payout to 1,250 workers.

• Next Says Smiling Jellycat Toy Design Too Common To Be IP

  By Hanna Vioque

  British retailer Next has pushed back against toymaker Jellycat's claims that a biscuit-shaped cushion and doorstop were copies of its "Amuseables" plush toy range, arguing that simple facial features on soft toys is not unique to the popular brand.

• UK Nationalizes British Steel After China Talks Collapse

  By Tom Fish

  The government said Thursday that it has formally brought British Steel into public ownership to safeguard its industrial capacity, protect thousands of jobs and secure supplies for critical infrastructure.

• HMRC Seeks Retrial After Hung Jury In Tax KC Evasion Case

  By Christopher Crosby

  A judge discharged jurors on Thursday in HM Revenue and Customs' prosecution of a barrister for tax evasion after almost two weeks of deliberations in which the panel was unable to reach a verdict.

• Freshfields, Wachtell Guide Uber's $14.8B Delivery Hero Deal

  By Najiyya Budaly

  Uber will buy Germany's Delivery Hero for $14.8 billion, the companies said on Thursday, after the U.S. ride-hailing and food delivery giant began building its stake in its European competitor this year.

• Sun Says Mel B Ex's Bad Reputation Undercuts Libel Claim

  By Eddie Beaver

  The Sun newspaper has defended its reporting that Mel B's ex-husband Stephen Belafonte harassed the former Spice Girl, arguing that the allegations were substantially true and that any libel claim fails because of his "notorious bad reputation."

• Daily Mail Owes Dale Vince Damages Over 'Sex Pest' Headline

  By Robbie Kalus

  Climate activist Dale Vince won a GDPR claim Wednesday against the publisher of the Daily Mail, as a London appeals court decided his data had been misused when the newspaper published his photograph alongside a separate article about a "sex pest donor."

• Honesty Best Policy After Top UK Court's 'Good Faith' Ruling

  By Adele Redmond

  The ruling by the U.K. Supreme Court on the bounds of a director's duty to act in "good faith" makes it clear that honesty is the best policy, even if directors are at odds over what they think is best for their company, lawyers say.

• TfL Hacker Tried To Breach Systems From Prison, Judge Told

  By Sophia Dourou

  One of the men behind the cyberattack that cost Transport for London £29 million ($39 million) continued to attempt to hack from a smuggled phone while in prison, a prosecutor told the sentencing hearing for the two men on Wednesday.

• HFW Revenue Rises To £276M But Profit Slips 6%

  By Ashish Sareen

  Holman Fenwick Willan reported on Wednesday that its revenue rose to a new high of £276 million ($370 million) while profits and partner profits fell by approximately 6% in what it described as "a more balanced year" following several years of growth.

• UK Clears EBay's $1.2B Depop Buy After Merger Review

  By Dawood Fakhir

  Britain's competition watchdog said Wednesday that it has approved the planned $1.2 billion acquisition by eBay of Depop, an online marketplace for used apparel, at the end of the first phase of an investigation it launched in June.