Lloyd’s pledges £52m to projects to address slave trade role November 8, 2023 Lloyd’s of London has pledged to invest over £50m in a host of global development projects as the insurance marketplace looks to address its historic role in the transatlantic slave trade.
PwC Australia cuts over 300 jobs following tax leak scandal November 8, 2023 Pricewaterhouse Coopers (PwC) Australia on Wednesday announced hundreds of job cuts citing a slowing economy and the after-effects of a national scandal over leaked tax documents as a major audit client cut ties with the firm. The audit and consulting major has been under fire this year after revelations a former partner leaked government tax [...]
BDO revenue soars over £900m but investments sting its PEP November 8, 2023 BDO revenue increased 16 per cent over the 2022/23 financial year as revenue soared to £935m, but profit per equity partner had a slight downturn.
Direct Line: Shares rise as insurer credits ‘pricing actions’ for strong motoring growth November 7, 2023 Direct Line's share price spiked by four per cent on the FTSE 250, making it the second-top riser on the index.
City law firm unfairly dismissed lawyer who suffered from ‘extreme fatigue’ November 6, 2023 City law firm Duncan Lewis could be forced to pay thousands of pounds in compensation after a court ruled the firm unfairly dismissed a solicitor who suffered from "extreme fatigue".
Prudential: Hong Kong drives new business profits up 37 per cent as Asia strategy credited November 6, 2023 Insurance giant Prudential’s new business profit rose to ($2,14bn) £1.7bn in third quarter, which was a 37 per cent increase on the same period for 2022 as the firm credits its new strategy. Prudential said its Hong Kong arm led the surge, but it also increased sales to both Chinese mainland visitors and domestic customers [...]
EU rules damaged liquidity in London’s main market November 2, 2023 EU financial market reforms inadvertently affected liquidity and reduced research activity in London’s main stock market, according to new research from the University of Bath on Wednesday. The EU’s markets in financial instruments directive II, known as Mifid II, aimed to improve transparency around research costs. The costs were previously parcelled into brokers’ overall fees [...]
Ditch the boozy Christmas parties and go for a winter walk, says lawyer November 2, 2023 Christmas parties can cause a "raft of problems", law expert urges employers to consider switching to team-based activities.
Ince Group: The law firm collapse that has rocked London’s legal sector November 2, 2023 Ince collapsed into administration earlier this year. But the bigger crisis came after it was rescued by a law firm virtually no one had heard of.
Sanjeev Gupta’s Liberty House Group hit with €140m freezing injunction November 1, 2023 Steel giant ArcelorMittal has secured a €140m freezing injunction in Singapore against the Liberty House Group, and seeks to file a worldwide freezing order. According to Argus Media and the Financial Times, the High Court of Singapore granted ArcelorMittal arbitration award for a freezing injunction that prohibited the transfer of Liberty’s Singaporean assets outside the [...]