Category: row
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Treasury intervenes in car finance row as billions in compensation hang in the balance
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The Treasury is seeking to intervene in a major High Court case that could drag Britain’s car finance industry into a costly mis-selling crisis on a par with the notorious PPI scandal. Ministers want the court to consider the wider impact on investor confidence in the UK regulatory system and,…
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Supermarket giant Morrisons backs farmers as inheritance tax row lands blow to Starmer
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In a setback for Prime Minister Sir Keir Starmer, one of Britain’s largest supermarkets has announced its public support for farmers opposed to the government’s planned inheritance tax (IHT) reforms. Sophie Throop, head of farming at Morrisons, posted a video message on X (formerly Twitter) declaring the retailer’s solidarity with…
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Farmers descend on Westminster amid inheritance tax row as Starmer faces MPs’ questions
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Hundreds of farmers gathered in Westminster today, chanting “No farmers, no food” outside Downing Street, as Prime Minister Sir Keir Starmer faced a tough grilling in the House of Commons over proposed changes to inheritance tax. Tractors blocked parts of Whitehall during a demonstration organized by Save British Farming and…
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Bitcoin Flashes Buy Signal After 2nd Green Month Candle In A Row
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This article is also available in Spanish. the Bitcoin price Enjoyed a second consecutive green candle in October after closing the month with a 10% price rise. Cryptocurrency analyst TradingShot revealed why this development is positive going forward and is a good buy signal for those looking to invest in…
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Supreme Court rejects KeNHA appeal in Southern by-pass land row
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The Kenya National Highways Authority (KeNHA) has lost an application seeking to escalate a Sh413 million compensation to the High Court as the High Court ruled that no constitutional issues were raised in the matter, requiring interpretation. The five-judge bench headed by Deputy Chief Justice Philomena Mwilo dismissed KeNHA’s application,…
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Jkuat picks up the tab in Sh296m tax row with ICEA building seller
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The High Court has ordered the Jomo Kenyatta University of Agriculture and Technology (Jkuat) to pay a bill of Sh296 million in unpaid value-added tax (VAT) and interest after purchasing the ICEA building in Nairobi from an insurance company about seven years ago. Justice Peter Mulwa said the indemnity instrument…
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Jkuat picks up the tab in Sh296m tax row with ICEA building seller
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The High Court has ordered the Jomo Kenyatta University of Agriculture and Technology (Jkuat) to pay a bill of Sh296 million in unpaid value-added tax (VAT) and interest after purchasing the ICEA building in Nairobi from an insurance company about seven years ago. Justice Peter Mulwa said the indemnity instrument…
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Vauxhall owner to decide future of UK factories as net zero row escalates
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Stellantis, the parent company of Vauxhall, Fiat, Citroen and Peugeot, is set to decide the fate of its UK plants within weeks amid ongoing rows with the government over electric vehicle sales targets. In June, Stellantis warned it may need to close its factories in Ellesmere Port and Luton unless…
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Matchbox manufacturer wins packaging tax row
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The Tax Appeal Tribunal has sided with matchbox manufacturer Match Masters Limited in a dispute over the classification of folding packaging materials for safety matches. The court overturned the Kenya Revenue Authority’s cancellation of a prior tariff ruling against the company, saying the tax collector cannot set aside a tariff…
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Court sides with KRA in Mombasa land ownership row with trader
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The Kenya Revenue Authority (KRA) has been given a reprieve after the Environment and Lands Court declared it the legal owner of a piece of land in Mombasa, which was also claimed by an individual and charged to a bank for a Sh42 million loan. . Justice Nelly Mathika directed…
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Old Mutual disowns Sh3.9bn buildings in shareholder row
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The Old Mutual Holdings shareholder battle has put the spotlight on the ownership of three properties worth a combined Sh3.9 billion after the insurer distanced itself from the assets. On August 22, billionaire businessman Joel Kibby, who owns 1.54 million shares in Old Mutual, obtained a court order preventing the…
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Shareholder row at Old Mutual as billionaire seeks Sh1bn buyout
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Billionaire businessman Joel Kibe has filed a lawsuit against Old Mutual Holdings, seeking to buy it for a price likely to exceed Sh1 billion. Kibe accuses the insurance company of violating the rights of minority investors in favour of its largest shareholder, Old Mutual East Africa Holdings. In an application…
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Tesla’s California registrations plunge three quarters in a row, dealer data shows By Reuters
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(Reuters) – Tesla Inc. (NASDAQ:) vehicle registrations in California fell for a third straight quarter in the April-June period, pointing to growing challenges facing the electric car maker, according to a report from the California New Car Dealers Association on Thursday. High interest rates and intense competition have reduced demand…
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Mwananchi Credit blocked from selling seized lorries in Sh9.2m row
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Mwananshi Credit has failed in its attempt to lift an injunction preventing the small lender from selling two trucks owned by two dealers that were seized because of a disputed loan. High Court Judge Kizito Magari has upheld the Milimani Magistrate’s injunction restraining the micro-lender from selling the two trucks…