EY to hire 1,300 new UK employees after launching climate focused EY Carbon business February 14, 2022 Big Four accountancy firm EY has set out plans to launch a new, climate-focused consultancy business which will see the firm hire 1,300 new UK employees. The auditor’s plans to launch its own ESG consultancy, EY Carbon, will see EY invest £100m, in line with plans to recruit 1,300 people over the next three years. [...]
One-in-four UK workers plan a ‘hybrid holiday’ this year, to make the most of remote working February 14, 2022 More than a quarter of UK workers are planning to take a remote working holiday this year, according to a poll of 2,000 office workers. Workers from across the UK said they plan to take advantage of their employer’s work-from-home policy by going on a ‘hybrid working holiday’ – with a view to going abroad [...]
Major recruiter hits back at SRA after watchdog says it will crack down on workplace bullies February 13, 2022 The managing director of a major recruitment company has slammed the Solicitors Regulation Authority (SRA) for being out of touch, after the watchdog said law firms should stamp out bullying. The SRA said it plans to crack down on law firms that promote toxic workplace cultures, after releasing new guidance calling on the legal sector [...]
Half of those who quit during the Great Resignation are living off savings February 13, 2022 Half of those who quit their jobs as part of ‘The Great Resignation’ are simply surviving on savings to make ends meet, according to new research from 360Learning shared exclusively with City A.M. New research from online education platform 360Learning shows that 50 per cent of those who left their jobs are living on savings, [...]
Hong Kong hit hardest by global collapse of travel as tough restrictions see 95 per cent drop in visitors February 13, 2022 The global pandemic has hit Hong Kong’s travel sector harder than any other country in the world, as the country’s tough travel restrictions have seen a 95 per cent drop in the number of visitors. The value generated by Hong Kong’s travel sector dropped 75 per cent between 2019 and 2020, analysis from Compare the [...]
LV= seeks to reassure members after Royal London merger talks collapse February 13, 2022 Mutual insurer LV= has told members it was wrong to say that it could not survive without being taken over by Bain Capital, after plans for its merger with Royal London collapsed last week. In a letter to LV=’s 1.1m members, the firm said LV=’s Board no longer believes that merging with another mutual insurer [...]
UK legal sector post record turnovers on back of M&A boom February 13, 2022 The UK’s legal sector has posted its largest turnovers ever, on the back of booming demand for legal services, according to figures from the Office for National Statistics (ONS). In 2021, the UK’s law firms generated £41.58bn in revenues, compared to annual turnovers of £36.78bn in 2020, figures from the UK government’s ONS show. The [...]
Inside Farrer & Co – the blue-blooded law firm that serves Britain’s aristocracy February 10, 2022 Throughout its 300-year history, Farrer & Co has gained a reputation for being London’s poshest law firm. First established in 1701, the firm is famous for serving the elite and acting on behalf of Britain’s aristocracy. The London firm also has longstanding links to the Royal Family, and currently acts as the Queen’s go-to lawyers. [...]
UK watchdog probes audit of Sanjeev Gupta’s Liberty Commodities, in wake of Greensill scandal February 10, 2022 The UK’s audit watchdog has launched an investigation into HW Fisher’s audit of Sanjeev Gupta’s metals trading company Liberty Commodities, after eight companies linked to the steel magnate borrowed up to £400m from collapsed firm Greensill Capital. The Financial Reporting Council (FRC) said it has launched a probe into London accountant HW Fisher’s audit of [...]
Addleshaw Goddard to merge with Irish law firm, in line with fast-paced EU expansion February 10, 2022 London law firm Addleshaw Goddard is set to merge with Dublin headquartered firm Eugene F Collins (EFC), as it pushes forwards with plans for a fast-paced European expansion. Addleshaw’s merger with EFC comes as the London firm’s first expansion into Ireland as it pushes forwards with plans to double in size over the next three [...]