Directors only owe duty to creditors on real risk of insolvency, UK’s Supreme Court rules October 5, 2022 The UK’s Supreme Court has dismissed a claim calling for the law to be changed to force company directors to start taking creditors into account at the first risk of insolvency. The Supreme Court ruling reaffirms the current position in law, in stating company directors are only required to begin prioritising creditors if it is [...]
European investors outpace US counterparts on sustainability October 5, 2022 European and UK investors are comfortably outstripping their Stateside counterparts on sustainable investing with more “mature” green investment strategies, new research has revealed today.
UK’s pension crisis could be repeated abroad, analysts warn October 5, 2022 The crisis that rocked the UK’s pension funds last week could soon be repeated overseas due to proliferation of so-called liability driven investment (LDI), analysts have warned.
Grant Thornton triples paternity leave offering as talent war continues October 5, 2022 Grant Thornton has tripled the length of its paid paternity leave offering from two to six weeks as the UK’s top accounting firms have increasingly turned to offering staff perks and benefits in their efforts to recruit and retain talent. The accounting firm will offer its staff six weeks of paid paternity leave from [...]
EU Commission urges member states to agree gas price cap October 5, 2022 Ursula von der Leyen will push eu leaders to reach an agreement for a gas price cap following weeks of disagreements.
London’s IPO slump continues as firms raise £565.5m October 5, 2022 Cash raised through initial public offerings in London plunged by more than seven times in the third quarter of the year as the Capital continues its barren run amid soaring inflation and market volatility.
UK exports to Ireland reach record highs despite Brexit trade frictions October 5, 2022 UK exports of goods to Ireland have now posted consecutive monthly records in June and July, according to fresh data shared with City A.M. this morning. Analysis of the latest government trade data shows £2,861m and £2,693m worth of goods travelled into Ireland through the two months respectively, as trade with the UK’s closest neighbour [...]
Utilita Energy rolls out tips for households to cut energy bills October 5, 2022 Utilita has rolled out workshops offering tips to help households save money on their energy bills this winter.
Topps Tiles tops full year expectations as the DIY boom continues October 5, 2022 Sales continued to climb for Topps Tiles as the DIY boom shows no signs of stopping beyond the pandemic. Group sales in the 52-week period were approximately £247.3m, a second consecutive record year of turnover, with year on year sales growth of 10.6 per cent. Topps Tiles said it continued to perform well against a [...]
City Moves: Who’s switching jobs in the Square Mile this week? October 5, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Morgan Lewis US law firm Morgan Lewis has built out its London office with a former Big Four accounting veteran. Bringing experience from across the US government at Abu Dhabi Investment Authority, where he was most recently [...]