Catalyst sets its eyes on further expansion after £30m merger April 8, 2019 London-based management consultant Catalyst is set to take a step across the pond, in a £30m deal which will give it access to the North American market. The firm said this morning it will merge with Sionic Advisors, with offices in New York and Toronto plus eight other cities in Europe and Asia. Read more: [...]
Cabinet Brexiter Penny Mordaunt: We must not get locked into European elections April 7, 2019 AS ONE of the cabinet’s Brexiters, eyes have been on Penny Mordaunt in recent weeks to see if she would walk away from the top team as Theresa May seemingly edges closer to a softer break from the EU. Speaking exclusively to City A.M., the international development secretary argues a long delay to Brexit would be [...]
Lloyd’s of London will ban drunk staff from the office as it clamps down on harassment with new rules April 7, 2019 Lloyd’s of London is set to share a new code of conduct with employees this week, setting out revised expectations for staff following a series of allegations over the culture at the firm. Last month Bloomberg quoted 18 women who had been subjected to “near-persistent harassment” at the insurance market, with one colleague calling the [...]
Legal Q&A: Major League Soccer’s trademark dispute with Inter Milan over David Beckham’s team name April 7, 2019 Nora Fowler of intellectual property law firm EIP explains the ongoing legal dispute between Major League Soccer and Italian football club Inter Milan over the proposed name of David Beckham's MLS franchise. What is the dispute? The dispute relates to the right to use and register the term INTER as a trademark for soccer related entertainment [...]
Japanese prosecutors seek to probe Ghosn’s wife over use of Nissan funds April 7, 2019 Tokyo prosecutors have called on judges to question the wife of embattled car executive Carlos Ghosn over her involvement in the alleged embezzlement of funds. Prosecutors suspect Ghosn channelled funds from Nissan into a company where his wife, Carole, is an executive, Reuters reported, citing local media. Read more: Ghosn to be detained for further [...]
Monzo set to overtake Revolut as fresh funding lifts valuation to £2bn April 7, 2019 Digital bank Monzo is set to double its valuation to almost £2bn after securing hefty backing in its latest fundraising round. The bank will reportedly close a £100m funding round, led by a new US investor, that will take its valuation to $2.5bn (£1.9bn) and make it the UK’s second-largest fintech startup. Read more: Oaknorth [...]
Hotels stump up for new business rate bills April 7, 2019 Some of London’s most iconic hotels are facing renewed pressure from rising property taxes, according to business rate experts who fear that the sector could be hit by the latest round of bills. Real estate services firm Colliers found that 93 London hotels have been charged with a combined total rates bill of £12.2m this [...]
Professional services firm BDO plots out break-up plan April 7, 2019 Accountancy and professional services firm BDO is plotting out how it will carve off its auditing arm from the rest of its UK business, following a withering report from MPs on the embattled sector. BDO's head of audit Scott Knight said the firm had run through a range of scenarios in response to the report from the [...]
Lloyds Bank private equity arm LDC invests £17.6m in recruitment services firm Amberjack April 7, 2019 LDC, the private equity arm of Lloyds Banking Group, has invested £17.6m in graduate recruitment services firm Amberjack to support a management buy-out. The company, which provides careers services and software to major employers such as Unilever, Network Rail and BP, will use the equity to improve its software and technology products and explore acquisitions. [...]
Notting Hill: The West London enclave defying London’s house price slump April 7, 2019 With its annual carnival, famous market and edgy-cum-glamorous feel, Notting Hill has never been a place to conform to the norms of other Central London neighbourhoods. And it is in keeping with such independence that while many of the capital’s prime residential hotspots are currently undergoing a slump, the West London enclave’s property market has [...]