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Lloyds Allots £700M For Motor Finance Probe, Sets Buyback
Lloyds said Thursday that it has set aside an additional £700 million ($880 million) to cover potential costs arising from a Financial Conduct Authority investigation into "secret" agreements on motor finance commissions and a related appeal at the top U.K. court.
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The government argued on Thursday that it is "perfectly justified" that job applicants do not benefit from the same whistleblowing rights as workers as it responded to a woman's attempt to convince the Court of Appeal to extend legal protection to her.
A law professor lost a bid to revive her nearly £500 million ($628 million) price-fixing class action against Apple and Amazon on Wednesday, with a U.K. competition tribunal reiterating that she was not independent enough to bring the case.
A former secretary for a Latham & Watkins LLP partner appeared at a London criminal court on Wednesday on charges of defrauding £39,800 ($50,000) from him.
An external job applicant to an English council fought Wednesday for status to sue as a whistleblower, arguing at the Court of Appeal that her case falls "squarely within the employment field."
Mastercard's £200 million ($250 million) agreement with Walter Merricks "does not have to be perfect" to get approval from the Competition Appeal Tribunal, lawyers for both sides argued on Wednesday in the court's first hearing in a contested class action settlement.
Glencore PLC said Wednesday it could move its underperforming listing on the London Stock Exchange to the U.S., as the Anglo-Swiss mining and commodities heavyweight added that it plans to buy back discounted shares worth $1 billion.
A solicitor accused of encouraging an immigrant to file a false asylum application in footage recorded by undercover journalists has been cleared of all allegations as a tribunal said Wednesday it had found no evidence that he had pushed for a "false narrative."
A former employee of the Stella McCartney fashion brand pleaded guilty at a London criminal court on Wednesday to defrauding the company out of more than £275,000 ($346,300).
A Malaysian businessman lost his fight on Wednesday to persuade Britain's highest court to prevent a creditor from bringing a €36 million ($38 million) claim against him, as the justices ruled that the litigation did not duplicate an earlier declaratory action.
The U.K. Supreme Court ruled Wednesday that a businessman's family cannot avoid a £19 million ($24 million) debt to a UAE bank, finding that insolvency law can prevent a transaction by a company owned by the family because it was intended to put assets beyond the reach of creditors.
