DEBATE: Do we need tighter rules to prevent unpaid internships and improve social mobility? November 26, 2018 Do we need tighter rules to prevent unpaid internships and improve social mobility? Sir Peter Lampl, founder and chairman of the Sutton Trust, says YES. In many sectors, young people early in their career are expected to “pay their dues” by working in a series of unpaid internships. The experiences and contacts gained really do help [...]
Prime Minister Theresa May will battle Jeremy Corbyn in TV debate over her Brexit deal November 26, 2018 Prime Minister Theresa May plans to challenge Jeremy Corbyn to a TV debate on the eve of parliament voting on her Brexit deal, it is reported. The Tory leader will take on her Labour counterpart in an event following a fortnight of campaigning across the country to drum up support for her draft withdrawal agreement, [...]
Stress in the City: How the UK’s top law firms manage employee wellbeing November 26, 2018 The legal world has been rocked by the recent suicide of a US partner which has led to an examination of the high-stress, long-hours culture prevalent in elite law firms. The widow of Sidley Austin partner Gabe MacConaill, who killed himself last month, wrote a heartbreaking open letter in the American Lawyer magazine detailing the [...]
Big corporations score poorly in new lobbying transparency ranking November 26, 2018 The vast majority of large international corporations are falling short when it comes to transparency on political engagement, a new report has found. An index produced by Transparency International UK (TI-UK), an NGO that campaigns against global corruption, found that four in five companies had poor standards in disclosing their lobbying efforts. Nearly all failed [...]
London looks to New York and Paris for advice on resilience in wake of Brexit November 26, 2018 London is looking to the likes of New York and Paris to help it tackle the challenges of Brexit, population growth and infrastructure needs by sharing advice and ideas with 100 other cities. City Hall has appointed London Assembly member Fiona Twycross as a new chief resilience officer to lead a "resilience strategy" for London, which [...]
Rail industry launches ombudsman to deal with flurry of complaints following May timetable chaos November 26, 2018 The rail industry has today launched the first ever ombudsman to deal with the high volume of complaints from passengers in the wake of May's timetable chaos. Customers are now able to appeal directly to the free-to-use ombudsman if they are unsatisfied with how their complaint has been handled by individual train companies, or they haven't [...]
GKN owner Melrose considers options after being low-balled by bids for unit November 25, 2018 GKN owner Melrose is licking its wounds after it failed to attract the right price for one of the engineering group’s key divisions. The company’s management is now considering its options after being low-balled by bidders, including private equity firms Apollo and PAI Partners, Sky News reported last night. It expected to get around £2bn [...]
‘Good chance of death’: Billionaire Elon Musk says he plans move to Mars despite huge risks November 25, 2018 Billionaire Tesla founder Elon Musk has said he is more likely than not to move to Mars, despite the huge personal risk. The Space X chief executive said there is a 70 per cent chance of him getting to the red planet, but likened the trip to Ernest Shackleton’s dangerous journeys to the Antarctic. “We’ve recently [...]
Investors on the look-out for sales and dividend ahead of Greene King results November 25, 2018 The City will be looking to see whether Greene King can maintain its dividend this week, with interim results set to reveal whether the pub and brewing giant has been able to carry its bumper summer spell of higher sales into the autumn trading period. Analysts have forecasted that full-year sales will reach £2.17bn in [...]
Creative sector drives growth in October office space take-up as pre-let activity jumps November 25, 2018 Take-up of Central London office space surged last month, with demand from the UK’s creative sector helping to drive growth in the capital’s commercial property market. Roughly 1.3m square feet (sq ft) of office space was let in October, marking a 30 per cent rise on the same month last year, according to new data [...]