News That Matters

Tag: Challenge

Lloyds shareholders lose legal challenge over HBOS merger

Lloyds shareholders lose legal challenge over HBOS merger

Business
Almost 6,000 Lloyds shareholders have lost a multi-million-pound legal challenge against the bank's takeover of HBOS.The shareholders had claimed they were "mugged" when Lloyds recommended the deal in 2009 without disclosing the true financial state of HBOS. They argued that if they had been given essential financial details they would not have backed the deal, and that they had lost money as a result.As the scale of HBOS's loan losses emerged after the merger, British taxpayers were forced to pump in more than £20bn to keep the combined entity afloat.During the hearing at the High Court in London, a lawyer for the shareholders said the directors had recommended the "disastrous" acquisition but, based on the information they had, no reasonable director would have done so.
Defeat for women in state pension age challenge

Defeat for women in state pension age challenge

Business
Media playback is unsupported on your device Campaigners have lost a significant legal battle against the government's handling of the rise in women's state pension age.The retirement age for women rose from 60 to 65, in line with men, and will go up to 66 by 2020, and to 67 by 2028.Women born in the 1950s claim the rise is unfair because they were not given enough time to make adjustments to cope with years without a state pension.They argued the changes were discrimination, but judges disagreed. The fight over women's state pensions State pension age to rise to 68 In a summary of the court's decision, the judges said: "There was no direct discrimination on grounds of sex, because this legislation does not treat women less favourably than men...
Ashley backs challenge to Debenhams rescue deal

Ashley backs challenge to Debenhams rescue deal

Business
A deal that saved Debenhams from administration will be challenged in the High Court this week, putting the retailer's future back into doubt. A commercial landlord - backed by Mike Ashley's Sports Direct group - is fighting the plan which saw Debenhams agree to shut 50 stores and secure rent cuts on others in May.If successful, it could lead Debenhams to fall back into administration.The retailer said it was "extremely confident" the action would fail. Earlier this year, Debenhams fell into the hands of its lenders as part of an administration process, wiping out Mr Ashley's near-30% stake in the company. Debenhams creditors back turnaround plan Debenhams rejects Ashley rescue plan Shortly afterwards the creditors approved the rescue deal - or company vo...
Transfer news and football gossip: Man United target ‘clinical’ striker, Ozil sent Arsenal challenge, Liverpool ace ‘will have part to play’ this season

Transfer news and football gossip: Man United target ‘clinical’ striker, Ozil sent Arsenal challenge, Liverpool ace ‘will have part to play’ this season

Sports
talkSPORT.com rounds up all the latest transfer news and football gossip from Saturday’s papers and online…Real Madrid boss Zinedine Zidane is furious at the club’s hierarchy for failing to sign Manchester United midfielder Paul Pogba this summer. (Sport)  Manchester United want to sign a ‘clinical’ striker as well as Borussia Dortmund and England forward Jadon Sancho in the next transfer window following the departures of Romelu Lukaku and Alexis Sanchez. (Evening Standard) getty Manchester United are big fans of 19-year-old Jadon Sancho Paris Saint-Germain have identified Tottenham playmaker Christian Eriksen and Juventus forward Paulo Dybala as two players who could replace Neymar if he moves back to Spain. (