Daily Briefing Podcast

Regulation

UK Competition Appeal Tribunal approves £3bn iCloud class action against Apple brought by consumer group Which?, alleging abuse of dominance in cloud storage

The CAT certifying a £3bn iCloud claim shows UK opt-out collective proceedings are now a credible threat to Big Tech revenue.

M&A

Carlyle launches £2bn auction for Very Group seven months after acquiring the heavily indebted UK etailer for £1

A £1 acquisition flipped to a £2bn auction in seven months shows PE can extract value from distress quickly.

Banking & Finance

Morgan Stanley caps redemptions from its private credit fund after 11.6% of investors requested exits, exposing liquidity tension at the heart of the booming asset class

Private credit's liquidity mismatch — illiquid loans in funds expecting liquid redemptions — is now generating live legal disputes.

Energy & Tech

NatPower and Tesla agree first phase of $5bn battery storage programme across Italy and Britain, targeting 25 GWh of capacity

A 100 GWh storage target at $5bn makes NatPower–Tesla one of Europe's defining clean-energy infrastructure mandates.

Disputes

High Court grants Novo Nordisk dynamic blocking order against six UK internet service providers to combat counterfeit Ozempic and Wegovy websites

Dynamic blocking orders now reach pharmaceutical counterfeiting — a major expansion of English courts' IP enforcement toolkit.

AI & Law

Garfield AI's fully contested £7,000 small claims court win prompts Bloomberg Law to examine whether AI-only legal practice is ready to scale beyond niche cases

Garfield's court win proves AI can hold an SRA authorisation and produce winning litigation work — the compliance question is now how firms respond.

International

International communications firm Infinite acquires City of London-based Greentarget UK, building a transatlantic financial services communications platform

Consolidation among financial communications advisers mirrors the transatlantic integration trend reshaping City law firm strategy.