Rosenblatt share price dives in wake of departing finance director August 23, 2018 Specialist City law firm Rosenblatt saw its share price tumble as much as 12 per cent in morning trading today after the company's finance director said he was leaving the company for "personal reasons". Rosenblatt, which became the fourth law firm to list on the London Stock Exchange when it floated for £42m in May, is to [...]
City Moves for 4 October 2018 – who’s switching jobs at Sage, Thrings and Newgate Communications? October 4, 2018 Today's City Moves cover tech, legal eagles and communications. Take a look at these movers and shakers: Sage Sage, the market leader in cloud business management solutions, today announced the appointment of Amanda Cusdin as chief people officer. Following an interim period, this appointment recognises her contribution to creating a culture that will support Sage’s [...]
Deloitte boosts partner profits as revenue hits £3.58bn August 28, 2018 Audit giant Deloitte handed its partners an average of £832,000 for the year ended 31 May, a 0.6 per cent year-on-year increase, it said today. Deloitte grew revenue 5.9 per cent to £3.58bn, marking its eighth consecutive year of growth. Read more: Former Arsenal shareholder settles lawsuit with Deloitte and Linklaters Its audit and risk advisory business grew [...]
Russian heyday of corruption is over, says MP on release of report into Kremlin money in London May 21, 2018 The days when Russian corruption was an acceptable part of business are over, the chair of the Foreign Affairs Select Committee has said. Speaking to City A.M ahead of the publication of a new report into corrupt Kremlin-connected money in the capital, Tom Tugendhat said the issue needed to be taken “very seriously”. The report, [...]
Google’s GDPR fine may cost it more than just €50m – it will impact the tech industry too January 31, 2019 Back in December, I wrote an article asking why, six months after the European Union’s General Data Protection Regulation (GDPR) had come into force, we had not yet seen any major fines or punishments for firms that had misused or mishandled personal data. The lack of sanctions, I argued, made the new regulatory powers toothless. [...]
Green bonds issuances hit record high in first quarter 2018 April 23, 2018 Global green bond issuances hit a record of just under $30bn (£21.42bn) in the first quarter (Q1) of 2018. Analysis by law firm Linklaters has shown that Q1 of 2018 saw $29.64bn worth of green bonds issued globally, outstripping the previous high of $29.5bn in Q3 2017. The value of issuances has increased by 9.4 [...]
Financial Conduct Authority launches ‘global fintech sandbox’ August 7, 2018 The Financial Conduct Authority (FCA) has joined financial regulators from around the world to create a new global network to boost fintech innovation. The Global Finance Innovation Network (GFIN) will aim to provide a more efficient method for innovative fintech firms to interact with regulators. The City watchdog has launched a consultation on the main [...]
The £1m club: 10 UK law firms pay their average partner more than £1m September 19, 2018 Ten UK-based law firms paid their partners an average of £1m or above last year as the sector boomed on the back of strong deal flow and continued regulatory uncertainty. Research published today by website Legal Week showed that the UK’s top 50 law firms grew average profit per equity partner (Pep) five per cent [...]
The £1m club: 10 UK law firms pay their average partner more than £1m September 19, 2018 Ten UK-based law firms paid their partners an average of £1m or above last year as the sector boomed on the back of strong deal flow and continued regulatory uncertainty. Research published today by website Legal Week showed that the UK’s top 50 law firms grew average profit per equity partner (Pep) five per cent [...]
Legal row over Musk’s tesla plan: Here’s how the industry reacted August 12, 2018 Tesla is facing a barrage of lawsuits from investors angry at founder Elon Musk’s shock proposal to take the company private at $420 a share. The colourful entrepreneur dropped the bombshell on social media last week, claiming that funding for the move had been secured – driving shares up 11 per cent before its price [...]