EasyJet’s parent company has lost a High Court brand theft claim against a shopping website which has the word “easy” in its name.
EasyGroup, which has a rich history of going after entities it believes have infringed its trademarks, took legal action against easyfundraising Ltd, its founder Ian Woodroffe and investors The Support Group (UK) Ltd.
Its main argument was that customers could confuse the two brands as coming under easyGroup, which has more than 200 ‘easy’ branded ventures within its portfolio.
But Mr Justice Fancourt dismissed easyGroup’s claims, saying “it is unlikely that any but a few would make the association and be confused” between the two brands.
He added: “Users of easyfundraising’s advertising services would be least likely to be confused, as they were relatively sophisticated and careful business persons, or professionals, and as such are most unlikely to consider that easyfundraising or easysearch is an easy+ brand or connected in some way with easyGroup.”
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Another plank of easyGroup’s case centred on its belief that easyfundraising had a poor reputation.
Addressing that issue, the judge noted the “large number of retailers that advertise with easyfundraising and have done so for years, including well-known and reputable high street brands such as Marks & Spencer and John Lewis, demonstrate that retailers do not share the claimant’s view that easyfundraising has a poor reputation.”
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He added: “Indeed, many of the easyGroup licensees, including easyJet itself, advertised on easyfundraising between 2010 and 2022, generating around £1.25m of sales.”
Easyfundraising chief executive, James Moir, said in response to the judgment: “Our decision to not back down against easyGroup’s ridiculous claims and tactics has been entirely vindicated.
“This whole case has taken up so many months of management and business time that could have been far better spent on our core business… We hope that this judgement gives heart to others being sued by easyGroup that they can see them in court – and win.”
Nine water companies have been blocked from using customer money to fund “undeserved” bonuses by the industry’s regulator.
Ofwat said it had stepped in to use its new powers over water firms that cannot show that bonuses are sufficiently linked to performance.
The blocked payouts amount to 73% of the total executive awards proposed across the industry.
The regulator has prevented crisis-hit Thames Water, Yorkshire Water, and Dwr Cymru Welsh Water from paying £1.5m in bonuses from cash generated from customer bills.
It said a further six firms have voluntarily decided not to push the cost of executive bonuses worth a combined £5.2m on to customers.
Instead, shareholders at Anglian Water, Severn Trent, South West, Southern Water, United Utilities and Wessex will pay the cost.
David Black, chief executive of Ofwat, said: “In stopping customers from paying for undeserved bonuses that do not properly reflect performance, we are looking to sharpen executive mindsets and push companies to improve their performance and culture of accountability.
“While we are starting to see companies take some positive steps, they need to do more to rebuild public trust.”
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The announcement came in an Ofwat update on firms’ financial resilience and bonuses.
Industry lobby group Water UK said: “Almost all water company bonuses are already paid by shareholders, not customers.
“All companies recognise the need to do more to deliver on their plans to support economic growth, build more homes, secure our water supplies and end sewage entering our rivers.
“We now need the regulator Ofwat to fully approve water companies’ £108bn investment plans so that we can get on with it.
“Ofwat’s financial resilience report provides yet more evidence that the current system isn’t working, with returns down to 2% and eight companies making a loss.
“It is clear we need a faster and simpler system which allows companies to deliver for customers, the environment and the country.”
Court papers filed on Wednesday expand on an earlier outline for what prosecutors argued would dilute that monopoly.
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Google called the proposals radical at the time, saying they would harm US consumers and businesses and shake American competitiveness in AI.
The company has said it will appeal.
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The US Department of Justice (DoJ) and a coalition of states want US District Judge Amit Mehta to end exclusive agreements in which Google pays billions of dollars annually to Apple and other device vendors to be the default search engine on their tablets and smartphones.
Google will have a chance to present its own proposals in December.
A trial on the proposals has been set for April, however President-elect Donald Trump and the DoJ’s next antitrust head could step in.
Dozens of partners at PricewaterhouseCoopers (PwC), Britain’s biggest accountancy firm, will next month take early retirement as its new boss takes steps to boost its performance.
Sky News has learnt that PwC’s 1,030 UK partners were notified earlier this week that a larger-than-usual round of partner retirements would take place at the end of the year.
Sources said the round would involve several dozen partners – who command average pay packages of about £1m – leaving the firm.
PwC named about 60 new partners earlier this year under Marco Amitrano, who was appointed as its new UK boss in the spring.
Mr Amitrano is understood to have informed partners about the changes in a voice memo, although one insider disputed the idea that the numbers involved were “significant”.
The partner retirements come as the big four audit firms contend with a sizeable bill from increases in the Budget in employers’ national insurance contributions.
It emerged this week that Deloitte is cutting nearly 200 jobs in its advisory business, according to the Financial Times.
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An ongoing shake-up of the audit profession is not being restricted to the big four firms, with Sky News revealing on Wednesday that Cinven, the private equity firm, was in advanced talks to buy a controlling stake in Grant Thornton UK.
The deal, which is expected to value Grant Thornton at somewhere in the region of £1.5bn, was announced on Thursday morning.