Law firms avoid layoffs amid fears of repeating mistakes of 2008 crisis November 8, 2022 Law firms are avoiding making widespread layoffs, as they seek to wait out the current crisis, due to fears of repeating the mistakes made during the financial crash of 2008, analysts have said. The world’s top law firms are continuing hiring and holding back on making redundancies, despite declining profitability, new analysis from Thomson Reuters [...]
BrewDog signed beer distribution deal in Qatar despite ‘anti-sponsorship’ campaign November 8, 2022 BrewDog has signed a deal with an alcohol distributor operating in Qatar, despite launching an ‘anti-sponsorship’ campaign this week protesting human rights in the country ahead of the World Cup. The firm’s beers are distributed in the country by the Qatar Distribution Company – a state-owned subdsidiary of Qatar Airways – which is the only [...]
Global investors plough £97bn into funds as confidence rebounds November 8, 2022 Global investors ploughed $111.5bn (£96.58bn) into exchange traded products in October as conviction roared back in the strongest month of flows since March, new data has revealed.
Boost energy efficiency to tackle climate change, says Schneider Electric November 8, 2022 There needs to be more of a focus on less exciting parts of the green transition, argued a leading analyst at Schneider Electric.
Cypriot PwC partners set up new firm to continue working with Russian clients November 8, 2022 Three ex-partners from PwC’s Cyprus office have left the Big Four accountancy firm to set up a new rival practice in order to continue working with Russian clients. The launch of KiteServe comes after the three ex-PwC partners took early retirement from the Big Four firm in June, after its sanctions policy blocked them [...]
London markets ‘completely throttled’ by regulation, says former exchange chief November 8, 2022 The UK’s equity market has been “taxed to death” and “completely throttled” by fiscal policies and regulation, the former chief of the London Stock Exchange Group has claimed, as he warned the Capital was in danger of losing its status as a global financial services hub.
JP Morgan settles with trader fired over wrongful allegations of market spoofing November 8, 2022 JP Morgan has settled with a trader, who was wrongly fired from his job for market spoofing, after the bank failed to pay a £1.58m sum awarded to him by an employment tribunal in January. Ex-trader Bradley Jones was awarded £1.58m after an employment tribunal ruled he was wrongly fired from his £220,000 a year job [...]
Beximco Pharma warns of ‘little to no revenues’ from Covid-19 jab deal with Bangladesh November 8, 2022 Beximco Pharmaceutical shares have slipped after the company warned of “little to no revenues” from its deal with the government of Bangladesh for Covid-19 vaccines. The London-listed company, which last year sealed the deal for a majority stake in Sanofi’s Bangladeshi business, had been supplying the AztraZeneca/ Oxford vaccine to the government of Bangladesh (GOB). [...]
Silver could enjoy US midterms boost if dollar weakens, predicts expert November 8, 2022 Silver prices could enjoy a hefty boost if the dollar weakens on the back of the US midterms today, argues Kinesis Money.
City Airport insists it’s still ‘easiest hub to get to and through’ despite Heathrow-crossrail link up November 8, 2022 London’s City Airport has insisted it’s still “the easiest airport to get to and through” following the opening of the Elizabeth Line’s direct route from Canary Wharf to Heathrow. The hub located on the Thames hit back after Crossrail’s fully-linked up route was unveiled on Sunday, taking passengers to-and-from Canary Wharf to the UK’s biggest [...]