Arron Banks loses two of three challenges to failed libel action against Carole Cadwalladr

Arron Banks outside the Royal Courts of Justice during his libel action against Carole Cadwalladr in 2022. Photograph: Tayfun Salcı/Zuma Press Wire/Rex/Shutterstock

The multimillionaire Brexit backer Arron Banks has lost a significant part of his appeal against the decision in his unsuccessful libel action against the Observer and Guardian journalist Carole Cadwalladr.

Banks, who funded the pro-Brexit Leave.EU campaign group, succeeded in only one of three challenges brought to the court of appeal.