EU banking rules could ‘choke investment’ from booming City Banking The European Union threatens derailing its economic growth through changes to banking regulation after London beefed up its lending capacity following a Brexit boom. The 27-state bloc is set to bring in new legislation which will effectively ban non-EU banks from providing core banking services – such as lending and taking deposits – without establishing [...]
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The six-figure club: Associates at elite US legal firms set for bonus boom December 30, 2025 More than 60 per cent of UK workers aren’t expecting a Christmas bonus this year, but that’s not the case for City lawyers, some of who will receive generous six-figure payouts. Many US law firms operate under the Cravath Scale, named after the law firm Cravath, Swaine & Moore, a transparent lockstep system of associate [...]
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Shoosmiths to give staff extra £1m after hitting AI target December 16, 2025 Law firm Shoosmiths will give staff an extra £1m in bonuses after they hit the firm’s annual target for 1m Microsoft Copilot prompts more than four months ahead of schedule, City AM can reveal. The firm told City AM in April that it had set a “clear and ambitious annual target” of 1m on its [...]
Reform UK to offer bumper bonus to high-performing civil servants December 15, 2025 Nigel Farage’s Reform UK would offer bumper bonus payments to the best-performing civil servants delivering on government policy and objectives. In a shake-up of how Whitehall works, Reform UK’s Danny Kruger revealed the party would increase the bonus pool for performance-related pay by five times. The new budget would be aimed at retaining the “finest [...]
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The Entertainer: Staff eye tax-free bonuses as founders cede control August 11, 2025 Almost 2,000 employees of the UK’s biggest toy chain, The Entertainer, are set to receive tax-free bonuses after its founders handed them control of his retail empire. Gary Grant has transferred 100 per cent of his ownership in Teal Group Holdings, which he held alongside his wife Catherine, to an employee ownership trust. The move, [...]
Bonuses force Jonathan Ross’ talent agency into the red June 30, 2025 Staff bonuses have forced the talent agency, which looks after the likes of Jonathan Ross, Michael McIntyre and Jo Brand, into the red. Off The Kerb Productions has reported a pre-tax loss of £1.8m for the year to 30 April 2024, having posted a profit of £5.1m in the prior 12 months. The figures have [...]