Couples who divorce after only a brief marriage can no longer expect to have their assets split equally by default following an appeal court ruling. Energy trader Julie Sharp successfully challenged a ruling that her former husband was entitled to half of the fortune she built up during their four year marriage. She argued that…
Profits at Sports Direct have plummeted nearly 60%, which the firm said was largely due to the weaker pound. Pre-tax profit fell to £113.7m from £275.2m in 2016 because of “currency movements and increased depreciation charges”. Chief executive and the owner of Newcastle Football Club, Mike Ashley, said it had now taken steps to “minimise…
Several months since the Trade Union Act 2016 has come into force, Wrigley Claydon looks into some of the key changes. We have highlighted some of the key aspects of the Act, which are as follows: 1. Before companies and industrial action can take place, 50% of members need to vote 2. Trade Unions will…
Lloyds Banking Group has set aside another £1bn to cover the cost of insurance mis-selling and the treatment of mortgage customers. Another £700m will cover payment protection insurance (PPI) claims and £283m will be used to repay about 590,000 mortgage holders. The repayment to mortgage customers comes after they were charged from 2009 to 2016…
A Los Angeles Superior Court jury ruled that Michael Jackson’s estate owes producer Quincy Jones $9.4 million in royalties and production fees from Billie Jean, Thriller and more of the star’s biggest hits. The award was short of the $30 million the producer sought in the lawsuit filed nearly four years ago, but well above the approximately…
Lego have threatened to sue a removals firm over the figures painted on the side of their vans. It claims Kwik Stix are infringing their copyright with the design and have ordered it to be removed within 28 days. Lego is demanding Kwik Stix removes anything on the internet that displays the logo, and which…
James Stunt, the billionaire husband of Bernie Ecclestone’s daughter Petra was ordered out of his marital home by a High Court Judge. The Central Family Court heard Petra moved out of the couple’s £75million West London mansion in February and rented a three-bedroom home during a bitter £5billion divorce battle. It is expected that the…
UK’s biggest supermarket Tesco plans to cut 1,200 jobs at its head office in Welwyn Garden City and Hatfield as part of a major cost-cutting drive that aims to reduce costs by £1.5bn. Tesco said, “This new service model will simplify the way we organise ourselves, reduce duplication and cost but also, very importantly, allow…
Summer fruit and salad growers in the UK are having difficulty recruiting pickers saying they don’t know if they will have enough migrant workers to harvest their crops. About 80,000 seasonal workers a year pick and process British fruit and veg, most of them are from the EU, mainly Romania and Bulgaria. British Summer Fruits,…
Sir James Munby, the most senior family judge in England and Wales has called for the streamlining of new online divorce procedures and that the obtaining of a divorce should be completely separated from a couple’s disputes over money. The proposal is aimed at reducing administrative pressure within the family courts by unlinking “the largely…