New: Mishcon de Reya plot IPO by end of the year April 28, 2021 Law firm Mishcon de Reya is set to float on the London Stock Exchange later this year after the firm’s partners voted to explore an IPO today. The IPO would see every member of staff become a shareholder in the listed business, the London-HQed outfit confirmed. Read more: Sign up to three daily City A.M. [...]
Screenshot: Is the Super League the biggest PR disaster of all time? April 23, 2021 This week **Media Moment of the Week: Radio loses a legend **Is the Super League the biggest PR disaster of all time? **Is Netflix’s pandemic party finally over? Media Moment of the Week: Radio loses a legend For many Brits, radio has been a much-needed source of entertainment (and company) during the pandemic. But long [...]
NFTs and the rise of crypto frauds April 12, 2021 With the rise in popularity of NFTs comes the inevitable rise in bad players looking to exploit the market.
Odey Asset Management loses tax battle with HMRC over executive pay March 22, 2021 Crispin Odey’s hedge fund Odey Asset Management has lost a tax battle with HMRC that could leave current and former executives on the hook for additional tax bills. The firm and 17 executives have been embroiled in litigation with HMRC over a partnership pay plan than ran between tax years 2011-12 and 2016-16. According [...]
Legal lender Level gets £20m investment from venture capital firm March 16, 2021 Legal lender Level has received an investment from Guernsey-based 1818 Venture Capital worth £20m. Level specialises in lending within the family and private client law sectors and works with more than 200 law firms. It had funded hundreds of cases and clients. George Williamson, founder and CEO of Level, said: “[The] investment, and in particular [...]
Businesses should be wary of class action lawsuits as groundbreaking Shell decision has global reach February 22, 2021 Class action lawsuits are becoming increasingly popular in the UK, and a combination of the coronavirus, Brexit and previous claimant-favourable outcomes will mean UK companies see more action against them in the coming years. Britain is part of something of a third wave of class action lawsuit popularity. The practice of collective claims started in [...]
Mike Lynch: Live updates as British tech entrepreneur fights extradition to US February 10, 2021 British tech entrepreneur Mike Lynch, the founder of software firm Autonomy, today begins the second day of his fight against his extradition to the US. Yesterday, the court heard opening arguments from Lynch’s defence team and lawyers representing the US. Lynch is facing charges of securities fraud, wire fraud and conspiracy in the US related [...]
Arcadia staff gear up for legal action against Philip Green’s retail empire February 9, 2021 Dozens of ex-Arcadia staff have vowed to take legal action against the retail consortium, after it became clear their jobs would not be saved when the Arcadia brands were sold. Arcadia fell into administration in December, becoming the biggest high street casualty of the Covid-19 pandemic. Earlier this week online fashion giant Boohoo announced it [...]
City Moves for 3 February: Who is switching jobs in the Square Mile this week? February 3, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. New head of UK business for BNP Paribas REIM French firm BNP Paribas Real Estate Investment Management (BNP Paribas REIM) has appointed a new UK business head to manage its multi-billion-pound real estate [...]
Bitcoin whales keep accumulating as ECB president calls for global regulations January 18, 2021 CryptoCompare data shows the price of Bitcoin (BTC) moved from around $35,500 at the start of the week to a high close to the $40,000 as BTC was seemingly trying to move back to its all-time high. Bitcoin’s price advance was rejected, and the cryptocurrency is now trading above $36,000. Ether (ETH), the second-largest cryptocurrency [...]