Adobe and Figma scrap £16bn merger after regulators criticise deal December 18, 2023 Adobe and Figma have ditched their $20bn (£16bn) tie-up after struggling to secure regulatory approval in both the UK and Europe.
Magic circle law firm reducing working week (and pay) in new flexibility scheme December 18, 2023 A magic circle firm is incorporating a scheme to give lawyers the option to work shorter hours for less money. Slaughter and May confirmed confirmed its job design scheme which enables eligible associates to reduce to either a 0.9 or 0.8 full-time equivalent, with pay and holiday entitlement pro-rated accordingly. The magic circle firm was [...]
Sadiq Khan appoints ex-Canary Wharf director as deputy mayor for business December 18, 2023 Former Canary Wharf Group director Howard Dawber has joined City Hall as deputy mayor for business.
Ofcom probe finds GB News breached impartiality rules with ‘don’t kill cash’ campaign December 18, 2023 An Ofcom investigation has found that GB News broke due impartiality rules during a summer episode of the channel's weekday news show.
Claridge’s back in black after seven-year rebuild as tourists flock back to London December 18, 2023 The Mayfair luxury hotel in Brook Street saw revenues more than double to £98.1m in 2022
Lloyd’s of London strikes deal with Ping An to stay at iconic City HQ until 2035 December 18, 2023 Lloyd’s of London has struck a new deal with Chinese insurer Ping An to remain at its One Lime Street headquarters until 2035, four years longer than its original lease agreement.
FTSE bosses earn 57 times more than their employees as debate rages over London’s competitiveness December 18, 2023 Bosses of FTSE 350 firms are typically paid 57 times more than their employees, according to new data, as City grandees argue over the best way to attract talent to London.
Octopus valuation jumped 60 per cent since 2021 as it launches fresh funding round December 18, 2023 Octopus announced it would inject an additional £625m funds from its shareholders, as it continues to establish itself as one of Britain’s so-called ‘big six’ energy firms.
Skills shortages? London continues to see fewest apprenticeship starts per 1,000 December 18, 2023 London has continued to see the fewest apprenticeship starts by population of any region in the UK, amid warnings of a “recruitment crisis” facing the city.
Britain set to launch carbon levy on imported goods such as iron, steel and cement in 2027 December 18, 2023 A carbon price is used by governments to help reduce emissions by charging a fee on carbon pollution to encourage industries to cut their greenhouse gases.