Magic circle law firm reducing working week (and pay) in new flexibility scheme December 18, 2023 A magic circle firm is incorporating a scheme to give lawyers the option to work shorter hours for less money. Slaughter and May confirmed confirmed its job design scheme which enables eligible associates to reduce to either a 0.9 or 0.8 full-time equivalent, with pay and holiday entitlement pro-rated accordingly. The magic circle firm was [...]
Government borrowing: Another new debt record as interest hits July high making pre-election tax cuts unlikely August 22, 2023 The interest paid on government debt hit its highest July level on record as government borrowing continued to rise, albeit significantly less than expected.
Debts, disputes and a ‘shadow CEO’: The curious case of Truspine June 18, 2024 Truspine Technologies has failed to take off since it floated nearly four years ago - and some are arguing this failure merits further investigation by City regulators. City A.M. takes a closer look at the firm’s labyrinthine history, uncovering a myriad of debts, disputes and detractors
FTSE 100 close: Inflation shock drags London index lower as real estate firms lead losses April 19, 2023 London’s FTSE 100 slipped today as investors took fright at UK inflation topping forecasts to stay in the double digits last month. The capital’s premier index shed 0.13 per cent to drop to 7,898.78 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.49 [...]
Notes from a future where Britain has solved the housing crisis April 16, 2024 In ten years’ time, high house prices and low supply could be a thing of the past. Kristian Niemietz offers a despatch from that brave new world… The year is 2035 and according to provisional figures released today by the Office for National Statistics it is the tenth year in a row during which house [...]
Future shares surge after Marie Claire publisher commits to further cash returns May 16, 2024 Future, the media publisher responsible for outlets like Country Life, Marie Claire and T3, suffered from a fall in revenue, operating profit and earnings per share in its latest earnings statement.
Marks and Spencer appoints new chief financial officer February 11, 2020 Marks and Spencer has announced the appointment of a new chief financial officer, at a time when the group is trying to revive its fortunes. Eoin Tonge will join from Irish convenience food retailer Greencore in June after his predecessor Humphrey Singer stood down in September last year. Marks and Spencer boss Steve Rowe said: [...]
Balli Steel execs found guilty of £120m fraud at collapsed trading firm February 2, 2023 Two Balli Steel executives have been convicted of using forged documents to mislead banks into lending the bankrupt commodities trader $150m (£122m). A jury at Southwark Crown Court today found Balli Steel executives Melis Erda and Louise Worsell guilty on six counts of fraud. Worsell, the managing director of Balli’s UAE business, and Erda, group [...]
GLIL bags £475m pension injection after infrastructure spending spree May 13, 2024 GLIL Infrastructure, the investment vehicle backed by the Local Government Pension Scheme (LGPS), has secured £475m in additional fundraising from its members as it looks to up spending on UK assets.
Right now, this Conservative party has no right to a single vote December 14, 2023 One would hope that growth figures revealing the economy was shrinking would serve as a wake up call to our political overlords. After all, governments do not tend to win elections when the economy is in reverse gear. What did we get instead from the Conservative Party yesterday? More infighting and some asinine tweets from [...]