Chanel names Londoner and Unilever exec Leena Nair as global CEO December 14, 2021 One of the most recognised luxury fashion brands has announced British former consumer goods specialist Leena Nair as its new global CEO. Born in India, a British national and a fashion industry outsider, Nair’s appointment as the boss of the French luxury giant is an unexpected move by the fashion house, known to be a [...]
City pay war: Baker McKenzie makes £105k bid for junior lawyers December 14, 2021 Baker McKenzie has made its entrance into the bidding war by City law firms for newly qualified lawyers by raising their salaries to £105,000. Lawyers will enjoy the new base rate of £105,000, a 17 per cent jump, from March 2022. The firm will raise pay for its trainee lawyers too, with first years earning [...]
“Very few” PCR tests left at London testing sites December 14, 2021 There are currently “very few available” PCR tests at testing sites in London, according to the government’s official website. Earlier today the government’s official booking website briefly showed there were no PCR tests available at any testing sites in England, according to reports. A screenshot of the official site, published by the BBC, showed a [...]
Two thirds businesses call for higher sick pay rate amid growing Omicron fears December 14, 2021 Nearly two thirds of employers have called for a rise in statutory sick pay (SSP) in the UK, according to a new report. The professional body for human resources behind the report, urged for major reforms to statuary sick pay after finding that 62 per cent of employers in the country think the rate, currently [...]
Amazon to sell PCR Covid-19 tests for Brits travelling December 13, 2021 Amazon will sell Covid PCR test kits to travellers as the giant online retailer moves in on the Covid-19 market. The online retailer will sell government-approved tests for £34.99 each and offer discounts for those bought in bulk, the Guardian reported today. Travellers coming into the UK will be able to use the tests sold [...]
Over 90 per cent City law firms grew profit pools despite pandemic setbacks December 13, 2021 Over 80 per cent of City law firms have also outperformed their expectations for the year, as the legal sector emerges stronger after a year interrupted by lockdowns and restrictions, according to a new report. The majority of City firms, at 91 per cent, enjoyed an increase in their profit pool and saw aggregate revenue [...]
A boardroom first: Women outnumber male directors December 13, 2021 For the first time ever women make up the majority of independent directors at the largest listed companies but are still outnumbered by men at executive level, according to a new study. Across the 150 biggest public companies in Britain, 442 women are employed as non-executive directors, just edging out the number of male peers, [...]
Challenger accounting firm to list on London AIM with £21m market cap December 13, 2021 Professional services company DSW Capital will make its initial public offering (IPO) debut today, while Big Four firm rivals focus on fending themselves off from more scandals. DSW, which owns advisory firm Dow Schofield Watts, plans to place five million shares at 100 pence per share to raise gross proceeds of £5m when it lists [...]
Boris Johnson snapped in Downing Street Christmas quiz last year December 12, 2021 The Prime Minister has sparked further outrage after a photo of him taking part in a Christmas quiz at Downing Street last year has been revealed by the Sunday Mirror. The quiz reportedly took place on 15 December when indoor household mixing was still banned in London and office social gatherings including Christmas parties were [...]
Fracking companies threaten government with legal action over ban December 12, 2021 Fracking companies have threatened to take legal action over the government’s ban on the practice, amid the sector’s growing frustration at being left behind the UK energy revolution, according to reports. The sector sent “pre-action correspondence” to the government after fears prompted by earthquakes in 2019 led to a ban on drilling, according to the Telegraph, which [...]
