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 [...]
Sanctioned Russian billionaire appeals ex-wife’s divorce case – which would be highest-value separation ever October 31, 2023 Potanina’s legal team say the Court of Appeal took the correct approach and that she has “earned her share” of the family’s wealth after years of marriage.
On The Beach’s successful £2m dispute with Ryanair ‘sends an important message on how refunds should be handled’ October 31, 2023 In a ruling today, High Court judge Nigel Cooper KC calculated OTB group's claim to have succeeded over £2m.
Here are the law firms ranked highest on aiding social mobility October 31, 2023 Social Mobility Foundation report on social mobility sees City law firms making up more than half of the rankings.
PwC opts for Mohamed Kande as global chair October 30, 2023 PwC is reported to have chosen Mohamed Kande, currently head of international advisory business, as its new global chair. According to reports by the Financial Times and Financial News, the Big Four firm today appointed Kande for the leadership role. The current chair is Bob Moritz who has held the position for nearly eight years [...]
Allen & Overy offloads risk management business to private equity firms October 30, 2023 City firm Allen & Overy today announced it is selling off its legal risk management business to private equity firms.