UK law firms see billable hours fall as sector struggles with inflation October 16, 2023 The UK’s biggest law firms are concerned by a fall in billable hours this year as they struggle to cover cost pressures from inflation through pricing, according to a survey obtained by the Financial Times. PwC’s annual law firm survey, which City A.M. understands will be published on Tuesday, reportedly notes a slowdown in mergers [...]
Bitcoin rallies as SEC decides against appealing Grayscale’s ETF plans October 16, 2023 Bitcoin is up 3.8% over the 24 hours as the market leader rallies on the news that the SEC won't contest Grayscale's ETF moves.
D&D: Bluebird Chelsea owner gets £40m boost from new investors October 16, 2023 The business behind such popular London haunts as Bluebird Chelsea and Coq d’Argent is set to be bought by investment firm Breal Capital and Byron Burgers chain owner Calveton, as it looks to raise funds following a challenging period for the hospitality sector. D&D London, which started out as Sir Terence Conran’s Conran Restaurants, said [...]
Visit Toulouse: Why there’s more to Rugby World Cup hosts than just sport October 16, 2023 The French city of Toulouse offers sporting history, but also brilliant food, drink and other things to do
Italy: Why Lucca in Tuscany is the cultural holiday you need to book October 16, 2023 Tuscany has a steeped musical history of birthing some of the world's most famous composers. It is also one of the most beautiful parts of Italy to visit.
Hipgnosis share price dives more than 10 per cent after it cancels dividend October 16, 2023 Shares in Hipgnosis plunged as much as 16 per on Monday, following an announcement it has abandoned plans to pay an interim dividend.
Cerillion expects full-year profits to be ‘meaningfully ahead’ October 16, 2023 Software developer Cerillion said today it expects profits to be “meaningfully ahead” in an update before its full-year results. The provider of billing, charging and customer relationship management software entered the second half of the financial year, which ended on 30 September, with a “strong back-order book and buoyant sales pipeline”, it said. Adjusted profit [...]
Mike Ashley’s Frasers Group raises Boohoo stake to 15 per cent October 16, 2023 Mike Ashley backed Frasers Group has once again raised its stake in online fashion brand Boohoo. The Sports Direct owner upped its share in the group from 13.4 per cent to 15.1 per cent. The fashion powerhouse, which also owns Jack Wills, has been rapidly increasing its stake in the popular clothing site. At the [...]
Halsey Keetch: Headhunting in the City October 16, 2023 Caroline Keetch and Alex Keetch tell Jennifer Sieg about the key to Halsey Keetch’s ongoing success In the heart of any city, there often lies a silent yet roaring storm of businesses that keep the industry ticking over. For Halsey Keetch in particular, there is one mission: to be the best at what they do [...]
The Notebook: Lucy McNulty on why the FCA must rethink its chairmanship October 16, 2023 Where the City’s top thinkers get a few things off their chest. Today, Lucy McNulty, editor of the Following the Rules podcast, takes the pen.