Clifford Chance elects new chief to replace incumbent after just one term December 6, 2022 Partners at Clifford Chance today elected capital markets chief Adrian Cartwright as the law firm’s new top-ranking partner, in overthrowing the firm’s current chief after just one term. Clifford Chance’s global head of capital markets, Adrian Cartwright, won a three-way election to take over leadership of the Magic Circle firm. Cartwright will succeed ESG [...]
Curve strikes $1bn deal with Credit Suisse to fund pay-later push December 6, 2022 Fintech payments firm Curve said it had struck a $1bn deal with Swiss lender Credit Suisse today to fund a growth push for its buy-now pay-later product, Flex.
Investments fail to flow from water companies, reveals Ofwat December 6, 2022 Water and wastewater companies are falling behind on their investment plans, according to industry watchdog Ofwat.
FCA tightens financial promotion rules over risky investment fears December 6, 2022 The City watchdog revealed it is tightening its financial promotion rules today amid fears that firms are peddling products to consumers without proper oversight.
Facebook: We’ll pull US news content if Congress passes law to pay December 6, 2022 Facebook’s parent company Meta has threatened to pull news content from the US if Congress push forward with plans to make the company pay for content. Meta’s head of policy communications, Andy Stone, tweeted the thread, saying that “if Congress passes an ill-considered journalism bill as part of national security legislation, we will be forced [...]
Mangata Networks to create over 550 UK jobs with satellite manufacturing site December 6, 2022 Telecoms company Mangata Networks is set to create up to 575 new jobs in the UK, as it plots a multi-million-pound satellite manufacturing site in Scotland. The move forms part of a nearly £84m grant, of which £54.5m has been injected by the Scottish government’s research and development body. The Glasgow-based company will pay back [...]
Two in five small theatres could close this Christmas following sales slump December 6, 2022 Two in five small theatres in the UK could face closure as energy costs soar and Christmas sales tank. According to a new study by GoDaddy and the Society of Independent Theatres, three quarters of independent theatres – those with fewer than 300 seats – say their ticket sales have still not returned to pre-Covid [...]
M&A slumps as UK dealmakers sit out rocky markets December 6, 2022 Mergers and acquisitions in the UK have slumped back to pre-pandemic levels this year as dealmakers play the waiting game amid wild swings on the markets, official figures have revealed. A total of 459 domestic and cross-border deals were completed in the third quarter of the year, nine down on the previous quarter and 159 [...]
Brits had most volatile year for fuel costs as CMA probe ‘rocket and feather’ pricing December 6, 2022 Brits have suffered the most volatile year on record for fuel prices, as the Russian invasion of Ukraine and cost of living crisis continued to pile pressure on drivers the pumps. New analysis published today show fuel prices rose by 50p a litre from January to July, which is the largest leap ever recorded. It [...]
Pfizer and BioNTech countersue Moderna in Covid-19 patent row December 6, 2022 Pfizer and German partner BioNTech shot back at competitor Moderna last night in the latest jab in the Covid-19 vaccine patent lawsuit. The sparring over allegations from Moderna that Pfizer and BioNTech violated the rights its three patents it created prior to the pandemic has been ongoing since August. All three companies are also embroiled [...]