Regulator calls out ‘poor’ board succession planning at FTSE 350 companies November 25, 2021 The Financial Reporting Council (FRC) have called out listed companies for “poor reporting” on succession planning, board appointments and diversity, in a review of corporate governance reporting. The FRC said companies provided “minimal information” to show how diversity and inclusion policies and objectives link to their business strategy. The regulator said that while lots of companies [...]
US chain Wendy’s beefs up UK presence with 50 new branches November 25, 2021 Fast food chain Wendy’s plans to open 50 new locations across the country, marking the third attempt by the popular US burger chain to break the UK market, according to reports. The bold move was prompted by strong sales at five UK restaurant sites, including in Croydon and Stratford, according to the Financial Times, which [...]
Boris Johnson social care changes dubbed ‘working-class dementia tax’ by Keir Starmer November 25, 2021 The prime minister was accused of launching a “working-class dementia tax” by Sir Keir Starmer in the Commons yesterday, following changes to social care. The accusations came after Boris Johnson announced changes earlier this week to his social care policy which will see older, less well-off people face costs of up to £86,000 for their [...]
Pandemic affects retirement plans for over half the nation, says Aviva November 25, 2021 Covid-19 has affected the retirement plans of 54 per cent of UK adults, with people nearing mid-life bearing the brunt of anxiety, according to new research.
Rising insurance costs could be ‘last straw’ for struggling small businesses November 24, 2021 Half of small and mid-sized UK businesses have seen increases in pandemic-related exclusions in their cover, according to broker Marsh, as insurers try to stop their £1bn bill from mounting further.
Junior Lawyers & the pay war: How much is enough? November 24, 2021 After years of studying for complex qualifications, junior lawyers might think they are entitled to expect some reward. And those ever-growing rewards have been the subject of much after-work pub chat in the City over the past year. In the race to secure the best young talent, City law firms have obliged in style. A [...]
Law Society slams proposal by solicitors’ regulator to throw out additional insurance cover November 24, 2021 The professional body has warned that scaling back insurance for law firms would make the marketplace “less safe” for consumers, after the Solicitors Regulation Authority (SRA) launched a consultation on the controversial proposals. The Law Society of England and Wales today said “consumers could be left high and dry if the regulator pushes ahead” with [...]
Browne Jacobson and KPMG top workplace social mobility index November 24, 2021 Law firms and consultancies are leading the way in driving social mobility in the workplace, according to the latest national Employer Index by the Social Mobility Foundation (SMF). Law firm Browne Jacobson LLP scored first place in the ranking of the top 75 organisations, followed by consulting giant KPMG and law firm Herbert Smith Freehills [...]
KPMG backs Bina Mehta as chair in term extension November 24, 2021 Partners at KPMG UK have voted to extend Bina Mehta's term as chair of the Big Four firm until 2024.
AO World shares dive 24 per cent amid driver shortage and supply chain problems November 23, 2021 Shares in AO World plunged this morning after the company swung to a loss of £11m, as a shortage of drivers and global supply chain issues stalled growth in the UK.
