Starmer vows to rip up the red tape at investment summit October 14, 2024 Prime Minister Keir Starmer will today promise to rip up the red tape that is needlessly holding back investment in a bid to galvanise economic growth. Starmer is set to make the pledge in a speech at the government’s inaugural International Investment Summit, which kicks off today at the Guildhall in the heart of the [...]
Eyes on the Law: HCR Law revives BLM legacy to forge new path in insurance law October 14, 2024 How do you build a new insurance practice into a firm that never had one before? Bring the personality and culture that pre-merger BLM once had, says the practice head
Alex Salmond obituary: The Scottish firebrand who shook up British politics October 14, 2024 Alex Salmond was the dominant figure in Scottish politics of the past three decades. He led the Scottish National Party for 20 years, was the first pro-independence First Minister of Scotland and brought about a referendum on the Union which ended his front-line career but put to bed any lingering notion that a separate Scotland was unimaginable.
Like it or loathe it, DP World’s £1bn investment is vital to UK shipping October 13, 2024 The government narrowly avoided a major setback after DP World, the owner of P&O Ferries, threatened to pull £1bn in investment from London Gateway port.
BHP facing 620,000 claimants in London trial over Brazilian dam collapse October 13, 2024 A landmark trial will get under way at the High Court in London later this month against Anglo-Australian mining firm BHP. London-listed BHP will defend itself against allegations of negligence and look to avoid paying damages that could rise to as much as £33.6bn at a trial from 21 October relating to its role in [...]
Top-rated water firms dumped 1,374 ‘illegal’ spills into UK rivers October 13, 2024 Two of the UK’s largest water firms breached their permits by dumping over a thousand raw sewage spills into rivers, even though they had received the highest possible environmental rating from one of the sector’s regulators, fresh analysis has revealed. Severn Trent and United Utilities oversaw 1,374 raw sewage spills from treatment works across more [...]
Activist investor calls for BP chair to quit after ’embarrassing’ performance October 13, 2024 An activist investor famed for ousting senior leadership has called for BP chair Helge Lund to quit after the oil major’s “embarrassing” performance. Bluebell Capital Partners, a London-based hedge fund, has written to BP’s board board twice in the past few weeks attacking its management and the firm’s approach to the transition. Bluebell co-founders, Guiseppe [...]
Investors brace for Netflix third quarter results screening October 13, 2024 Netflix is set to post quarterly earnings on Thursday, with analysts expecting another strong set of results from the king of streaming. An analyst consensus has forecast third quarter sales of around $9.8bn (£7.5bn) up 14 per cent year-on-year, and net income of $2.2bn (£1.7bn), with earnings per share expected at $5.07 (£3.88). In July, [...]
Teneo secures £77m loan for first dividend payout October 13, 2024 Public relations firm Teneo is borrowing up to $100m (£76.5m) to pay its private equity owner and staff their first dividend. The company, which has City-based UK offices, approached lenders for the financing last week that is earmarked to fund dividend payouts, according to analysts at research firm Creditsights. However, sources close to Teneo said [...]
EY pushes back graduate start dates as deals market slows October 13, 2024 Accounting giant EY has postponed the start dates for around 200 graduate hires as it grapples with a slowdown in business activity. New recruits set to begin their roles at the company’s strategy arm, EY-Parthenon, in the US next month or in January will now not be needed until mid-2024. To support affected recruits, EY [...]