Shard developer to build new skyscraper next to Walkie Talkie April 18, 2024 Sellar, which previously developed The Shard, plans to build a £500m, thirty-story tower at 60 Gracechurch street.
UK to reveal social media ban plans for under-16s within weeks April 14, 2024 Downing Street is reportedly set to reveal the proposals for stricter age restrictions on social media apps within weeks.
McKinsey to cut up to 2,000 staff in one of its biggest round of layoffs ever February 22, 2023 McKinsey is planning to cut up to 2,000 back-office staff as it seeks to control costs and retain its partner payouts. The plans could affect up to 2,000 of McKinsey’s 45,000 staff, in one of the consulting firm’s largest rounds of job cuts ever. McKinsey’s plans, first reported by Bloomberg, are set to see [...]
NHS buys private healthcare provider Spire’s Tunbridge Wells hospital April 3, 2024 The private healthcare provider sold the hospital to the Maidstone and Tunbridge Wells NHS Trust, a major acute hospital trust in the south-east of England.
Government needs to bring in lighter regulatory regime to fill City’s specialist insurance market gap January 3, 2024 The UK insurance industry has urged the Government to adopt a lighter regulatory regime for captive insurance companies to fill the gap in London’s specialist insurance market.
U-turn: Plans to close hundreds of railway ticket offices scrapped after public backlash October 31, 2023 Proposals to close hundreds of ticket offices in the UK will be scrapped following backlash from watchdogs, unions and the public.
EY set to close yet another legal arm of its business December 12, 2023 EY is shuttering its legal arm in Hong Kong in January, which makes it the second closure action the firm has taken against its legal services. On 23 January, the Big Four firm will close its Hong Kong law member firm, LC Lawyers, according to Bloomberg News. LC Lawyers advised on Hong Kong IPO and [...]
Tata Steel: Unions warn they will take action to preserve steel making at Port Talbot January 20, 2024 Unions have stepped up warnings of industrial action in response to job losses at the country’s biggest steel plant.
How the new Green Finance Strategy hopes to make London the world’s first net zero financial centre March 30, 2023 The government released its long-awaited Green Finance Strategy on Thursday, announcing a widespread review of policies and regulations as it seeks to channel investment towards the green economy. The delayed report sets out proposals to pursue the government’s ambition of making London the world’s first net zero aligned financial centre. It said the proposals would [...]
FATF & Furious – Preparing for Travel Rule Implementation April 29, 2024 After the recent Financial Action Task Force (FATF) meetings in Vienna and Paris, the crypto and digital asset industry has continued their furious preparation for travel rule compliance. The rule finds its origins in a 1996 rule from the Financial Crimes Enforcement Network (FinCEN) which required all financial institutions to pass on certain information to the next financial institution when there was a transmission of funds involving more than one financial institution.