EU opens up to US clearing houses in blow to City of London January 27, 2021 Brussels will allow US clearing houses operate throughout the EU in what could be a blow to the City of London’s largest clearing agencies. The European Commission announced today that it had decided that the US’ financial regulator’s rules was equivalent to the EU’s around clearing houses. This means the EU will now allow Wall [...]
Joe Biden to enact series of executive orders today to undo Trump legacy January 20, 2021 Joe Biden will today action a series of executive orders that will undo some of Donald Trump’s most controversial policies on immigration, climate change and Covid. Biden’s team laid out a list of day-one executive orders for the President-elect, including re-joining the Paris climate agreement, re-connecting with the World Health Organisation and immediately ceasing construction [...]
Keystone Law beats market expectations in first full-year results since listing May 8, 2019 Keystone Law today posted a 35 per cent increase in revenue in its first full-year results since it became the third English law firm to float in November 2017. The firm beat market expectations with revenue of £42.7m and adjusted profit before tax of £5.1m. Keystone, which launched in 2002, operates a platform model, recruiting [...]
Uber’s treatment of workers wasn’t sustainable, but the ruling shouldn’t be the downfall of the gig economy March 18, 2021 This week we saw Uber’s lengthy court battle with regulation come to an end, as the Supreme Court ruled that it must classify its drivers as workers, entitling them to minimum pay, holiday and pensions. The debate around the welfare of gig economy employees has been on the agenda for a good few years now, [...]
Joe Biden sworn in as the 46th US President January 20, 2021 Joe Biden has been sworn in as the 46th US President in a toned down inauguration ceremony at Washington, DC’s Capitol building. The former Vice President took the oath of office just before 5pm London time in front of roughly 2,000 members of congress, Democratic party figures and other Washington VIPs. Biden was sworn in [...]
Before the Bell: It’s Biden’s time as Trump leaves the stage January 20, 2021 The return of US markets from the Martin Luther King holiday saw stocks drive higher as the US gets ready to swear in today a new President for the next four years, CMC Markets UK chief market analyst Michael Hewson tells City A.M. this morning, adding that optimism that the pledge to act big on [...]
Lawyers consider ‘virtual’ firms in response to coronavirus September 9, 2020 A growing number of lawyers are pivoting to “virtual” firms as they consider life outside of the traditional office environment due to the pandemic. There has been a seven per cent rise in the number of lawyers at virtual firms in the UK since the outbreak of coronavirus according to business advisory firm Hazlewoods. There [...]
City counts the cost of Brexit but eyes turn to new global opportunities February 16, 2021 As temperatures hit record lows in February, parts of London’s financial markets are feeling the cold as consequences of Brexit bed in. The much reported toppling of London as the continent’s top share-trading hub in January is a symbolic moment more than a significant economic shift, but it plays into a wider discussion about the [...]
Just Biden His Time: Democrat finally confirmed as President November 7, 2020 Joe Biden has become the 46th President of the United States after winning the key battleground of Pennsylvania, handing him the 270 electoral votes needed to enter the White House. In a drastic flip from red to blue, the Democrat inched past incumbent President Donald Trump in the ‘Keystone’ state, awarding Biden 20 electoral votes [...]
Shares rocket in listed law firm Keystone following strong trading update January 21, 2019 Shares in Keystone Law jumped by nearly 15 per cent today after it said it expects to be “comfortably ahead” of market profit expectations for its financial year. Keystone, which became just the third UK firm to float when it went public in November 2017, said it continued to trade strongly in the second half of [...]