City law firms have youngest partners, new research shows August 31, 2022 The City’s high-paying corporate law firms have more young partners than those working in any other sector of the legal business, new research from legal sector accountancy firm Hazelwoods shows. Almost two fifths (38 per cent) of partners at City of London firms are now under the age of 44, as young lawyers are [...]
SoftBank executive steps back from key roles after record losses August 31, 2022 SoftBank’s executive Rajeev Misra has stepped down from his roles as corporate officer and executive vice president as the investment giant reels from record losses this year.
Trouble brews over London Southbank’s ‘The Slab’ development August 31, 2022 Trouble has been brewing over ‘The Slab’, the proposed Southbank development at 72 Upper Ground. Campaigners have claimed it will overshadow neighbouring post-war architecture and encroach on a riverside conservation area. The landmark redevelopment of the former ITV studios had been granted planning approval by Lambeth Council in March 2022. However, the #SaveOurSouthBank campaign, led [...]
Starmer: ‘I refuse to join picket lines – because I want to be a Labour PM’ August 31, 2022 Keir Starmer refused to join rail strike pickets “because I want to be a Labour Prime Minister”. The Labour leader made his comments on Channel 5’s popular Jeremy Vine show, responding to callers as thousands of workers continue to bring the country to a halt with industrial action. Starmer previously told close cabinet colleagues not [...]
China’s dominance over container trade risked by ‘zero Covid’ policies August 31, 2022 China’s ports have continued to dominate the container trade, according to a recent survey. Figures published today by Lloyd’s List show that 40 per cent of all twenty-foot equivalent unit (TEU) liftings in 2021 came from China. The country also had seven of the world’s biggest ports – including Shanghai, which won the first prize [...]
Kremlin set for £8.6bn pay-out as Gazprom unveils record profits August 31, 2022 Gazprom is set to hand the Russian Government a hefty £8.6bn pay-out after reporting record profits powered by soaring oil and gas prices.
£48,247 is the highest salary the average young Brit expects to earn, ever August 31, 2022 What did you want to be when you grow up? It’s the classic question posed to children by parents and teachers around the world. The typical response usually cites career aspirations such as becoming a firefighter, doctor, nurse, sportsperson, and an astronaut, of course. But, as children become young adults ready to embark on their chosen [...]
City impact investment chief Jim Roth on greenwashing: ‘If you can’t measure it, you cannot manage it’ August 31, 2022 So-called “green” investment claims, and the substance behind them, are dominating the agenda of many City firms and the wider UK business community. ESG disclosure regimes aim to counter “greenwashing” by requiring financial firms who have marketed their investment products as “green” to disclose data relevant to their investments’ sustainability. However, the relatively new City [...]
Europe braces for winter crisis as Gazprom halts flows from Nord Stream pipeline August 31, 2022 Gazprom has halted gas flows into the Nord Stream 1 for the next three days to complete maintenance work on the key pipeline.
NatWest forced to dish out £600,000 refunds after breaching banking rules August 31, 2022 The UK’s competition watchdog has forced NatWest to dish out £600,000 in refunds after it ruled the bank breached rules by forcing business customers to open “costly” current accounts to access loans.