The class representative of a U.K. mass claim against Mastercard said Wednesday that a London court should rebuff litigation funder Innsworth's challenge to the distribution of the claim's £200 million ($269 million) settlement, arguing that it received enough profit in light of how the claim had gone.
The class representative of a U.K. mass claim against Mastercard said Wednesday that a London court should rebuff litigation funder Innsworth's challenge to the distribution of the claim's £200 million ($269 million) settlement, arguing that it received enough profit in light of how the claim had gone.
Three companies have denied allegations that they conspired to defraud a management consultancy by helping a purported bond market trader dissipate a $9.4 million investment, claiming the funds they received from the trader's business were legitimate payments relating to loans.
London-based GHO Capital and CBC Group in Singapore said Wednesday that they will merge to create what they claim will be the world's largest healthcare investment company, managing more than $21 billion in assets.
A European court has ruled that employees claiming to have suffered discrimination at work before Brexit can still expect EU law to apply to their case if it began before the U.K. left the European Union.
The Financial Conduct Authority said Wednesday that it has expanded a support scheme for fast-growing companies as the U.K. looks to strengthen its position as a global hub for businesses and services in the sector.
The retirement savings watchdog pushed out rules for pension bosses on the use of artificial intelligence on Wednesday after it emerged that almost all retirement schemes in the U.K. are using the new technology.
Most venture capital firms say they have faced difficulties getting backing from pension investors, despite assurances that the £250 billion ($335 billion) defined contribution sector will invest more in U.K. equities, a trade body has said.
Britain's triple lock state pension is ripe for reform, a U.K. think tank has said, arguing the policy is becoming unaffordable and unfair to younger taxpayers, and instead proposing more targeted support for poorer retirees.
