FTSE 100 boosted as oil majors and miners buoyed by rising crude prices June 6, 2022 London’s FTSE 100 opened higher on Monday as gains for miners and oil majors buoyed the index. The capital’s premier index was up one per cent after an extended weekend due to Platinum Jubilee celebrations. The mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, opened 1.2 per [...]
Post-Jubilee hangover on Monday from hell: ‘Fed up’ Londoners to work from home as tube strike brings city to standstill June 6, 2022 Travel chaos looms for millions of Londoners planning to return to work today after the long Bank Holiday break because tube stations across London are closed because of a strike. London Underground advised people not to travel, warning of severe disruption across the network from the start of service on Monday to 8am on Tuesday. [...]
Western IPOs plummet in value as war in Ukraine triggers volatile conditions for businesses June 6, 2022 The value of US and European IPOs has tumbled 90 per cent this year amid conflict in Ukraine, with rising inflation and interest rates.
Gimme! Gimme! Gimme! Take a Chance on Abba Voyage May 31, 2022 The year is 2022, the sun is shining, and one of the world’s most successful pop groups is reuniting for the first time in 40 years. Agnetha, Benny, Björn and Anni-Frid (AKA Frida) haven’t aged a day – literally. There isn’t a line on their faces or a grey hair on their heads. That’s because [...]
Hogan Lovells readies itself for demolition of Holborn Viaduct HQ after taking up office space at 10 Fleet Place May 30, 2022 British-American law firm Hogan Lovells has struck a 10-year deal with private equity firm Addington Capital to rent out the seventh and eighth floors of the firm’s 10 Fleet Place office building. The legal sector giant is set to transfer its business services teams to the 10 Fleet Place premises, as it seeks to exit [...]
Big Four accountancy firm EY considers floating advisory business on the stock exchange May 28, 2022 EY is considering listing its global advisory business on the stock market, as part of ambitious plans to separate out its audit operations to create two separate firms. The plan could see EY float its tax, consulting, and deals advice business on the stock exchange, as the firm considers breaking itself up to escape the [...]
Londoner jailed for 33 years after butchering his Stockwell landlords during lockdown May 27, 2022 A Londoner who stabbed his landlords to death after becoming paranoid about Covid during the first national lockdown has been jailed for at least 33 years. Daniel Briceno Garcia, 46, killed Sonia Butron Calvi, 66, and Edgar Aguilera Daza, 60, at the home they shared with five others in Stockwell, south London, on April 1 [...]
Fugitive Russian oligarch allowed to sell Belgravia mansion to pay £10m legal fees May 26, 2022 A High Court judge has said fugitive Russian banker Georgy Bedzhamov should be allowed to sell his £35m Belgravia mansion, to pay his lawyers £10m in legal fees. The High Court gave Bedzhamov the OK to sell his mansion on London’s ultra-expensive Belgrave Square, to pay £5m to Mishcon de Reya and a further £5m [...]
Lawyers must work 2,400 hours a year to get coveted partner promotions, Hogan Lovells chief says May 25, 2022 The head of City of London law firm Hogan Lovells has told staff they are expected to work at least 2,400 hours a year if they expect to rise to partner level. In a memo sent out to staff, chief executive Miguel Zaldivar said “success typically means” making an “all in commitment” to the firm, [...]
David Mitchell on acting, cancel culture and why the internet is evil May 25, 2022 On 15 March 2020, David Mitchell took a bow following what he reckoned was the best performance yet of The Upstart Crow, the West End version of Ben Elton’s sitcom about William Shakespeare. The next day the country went into lockdown. “I found the pandemic pretty bleak, really”, says the comedian and panel show host. [...]