Freshfields appoints eight to partnership in London in largest promotions round since crisis April 4, 2019 Magic Circle law firm Freshfields Bruckhaus Deringer has promoted eight lawyers to its partnership in the City. The eight were part of a global 22-strong promotions round, its largest since 2008. Read more: Freshfields partner accused of slapping DJ in argument over music The lawyers making the grade in London are transactional lawyers Cyrus Pocha, [...]
Shares in listed law firm Gordon Dadds jump after it acquires five overseas firms April 4, 2019 Shares in listed law firm Gordon Dadds climbed more than five per cent this morning after it said it had added five new partnerships to its network, representing £23m in revenue. The listed law firm, one of just a handful in the UK, has acquired Ince & Co’s former network firms in Hong Kong, Singapore, Dubai, [...]
EY continues expansion into law with Thomson Reuters managed legal services acquisition April 4, 2019 EY has announced the acquisition of a 1,000 strong managed legal services business from Thomson Reuters, marking another step forward in the Big Four audit firm’s push into the legal sector. The deal follows EY’s acquisition of tech-heavy alternative legal provider Riverside Law in August which was widely seen in the sector as underlining EY’s [...]
Property giant Intu promotes finance boss to become new chief executive April 4, 2019 Shopping centre-owner Intu Properties has promoted its finance boss to run the company, it announced today. Intu confirmed that Matthew Roberts was taking over as chief executive with effect from 29 April. Roberts has been chief financial officer at Intu since 2010 and was also previously chief financial officer at gambling firm Gala Coral and [...]
Saga shares plunge 36 per cent after it announces £310m writedown and slashes dividend April 4, 2019 Over-50s travel and insurance company Saga lost a third of its value this morning after it said it was more than halving its dividend as it crashed to a £134.6m loss. Its share price plunged 35 per cent to 68p after its shock announcement. Read more: Saga set to hit profit guidance after sales cruise [...]
Former Nissan boss Carlos Ghosn re-arrested in Japan April 4, 2019 Former Nissan boss Carlos Ghosn was arrested again today by Japanese prosecutors who accused him of trying to enrich himself at the carmaker’s expense. The arrest, described by legal experts as highly unusual in Japan for someone who has been released on bail, is reportedly linked to payments made to an Omani dealer. Prosecutors said [...]
US private equity giant Carlyle reshuffles its top team in Europe April 3, 2019 US private equity firm Carlyle has shaken up its executive team in Europe. One of its most senior female executives Zeina Bain left the private equity player on Friday and is joining UK fund manager ICG, the Financial Times reported. Read more: Carlyle Group to buy insurance service Sedgwick for £5.1bn Bain was at Carlyle [...]
Germany could get up to 5,000 new finance jobs in the next 18 months because of Brexit April 3, 2019 Up to 5,000 new jobs at overseas banks in Germany could be created in the next year to 18 month because of Brexit, the country’s foreign banking association said today. The lobby group for non-German banks in Germany told an event in Frankfurt that almost 50 financial institutions had decided to ramp up their activities [...]
Pound rises on May-Corbyn Brexit talks April 3, 2019 The pound rose to $1.3184 this morning after the announcement last night by Prime Minister Theresa May that she would work with Labour leader Jeremy Corbyn over Brexit. The pound, which rose sharply on the news, had fallen as low as $1.2997 in the past week. Talks between May and Corbyn could start as early [...]
Spreadbetter CMC Markets warns full year revenue and profit will be hit by regulatory crackdown April 3, 2019 Spread betting and online trading group CMC Markets said today its full year revenue and profit will be hit by a regulatory crackdown on the sector. CMC said it expects to report contract for difference and spread betting revenue of around £110m for the year to 31 March, 37 per cent lower than the previous [...]
