Law firm Knights gunning for largest-ever law firm flotation June 3, 2018 Law firm Knights is set to announce its intention to float on the London Stock Exchange tomorrow in what will be the largest law firm flotation so far. The June initial public offering (IPO) is expected to value the business in excess of £100m, outstripping Gateley, the first English firm to go public in 2015, [...]
Dixons Carphone’s share price drops 20 per cent on profit warning May 29, 2018 Dixons Carphone's share price fell nearly 20 per cent this morning as the electronics giant warned profit will be 21 per cent lower this year than last year. In a trading update the retailer said pre-tax profits for 2017-18 would be £382m, down from £501m last year. The following year's profit is expected to be [...]
Bank holiday travel: Large parts of London’s busiest Tube line shut for the weekend May 26, 2018 Large sections of the Northern Line, London’s busiest Tube line, are shut for the duration of the bank holiday weekend. Trains are not running from Hampstead, High Barnet and Mill Hill East in the north to Charing Cross and Moorgate in central London. The suspension of the line, which includes busy stations like Euston, King's [...]
RSA chief executive Stephen Hester pockets nearly £5m after strong 2017 for the insurer March 25, 2018 The chief executive of RSA Stephen Hester will take home nearly £5m after a strong 2017 for the insurer which saw it achieve a record underwriting profit of £394m. On top of his salary of £987,000, the former Royal Bank of Scotland (RBS) boss received a £1m bonus, £2.6m as part of a long-term incentive [...]
Shell could take on Big Six under own brand March 25, 2018 Energy giant Shell could move to take on the “Big Six” domestic energy suppliers in the UK under its own brand. The company confirmed that using the “Shell” brand for its new domestic supply operations was one of the options currently being examined. Shell acquired residential energy supplier First Utility last month in a deal [...]
Micro Focus bosses buy shares after price collapse March 25, 2018 Five Micro Focus board members bought nearly £700,000 worth of shares in the technology company following a steep drop in its share price last week. Stock market filings show that Micro Focus board members bought £694,342 worth of shares in the company on Wednesday and Thursday last week following a dip in its share price. [...]
Legal boss sent sexually explicit messages to woman he approached as part of Christian outreach programme March 22, 2018 The boss of one the world’s largest law firms by revenue resigned this week after engaging in “communications of a sexual nature” with a woman he approached as part of a Christian outreach programme. Bill Voge, the chair of US law firm Latham & Watkins, resigned the from the $3bn (£2.14bn) firm this week as [...]
The $3bn club: Kirkland & Ellis overhauls Latham & Watkins as world’s richest law firm March 22, 2018 US law firm Kirkland & Ellis has overhauled Latham & Watkins as the world's richest law firm, data from US legal media company ALM shows. The firm, which has its City headquarters in the Gherkin, grew its revenue by 19 per cent last year to $3.165bn (£2.24bn). This puts it ahead of rival Latham, currently [...]
Will the number of listed law firms double over the next 12 months? March 15, 2018 When previously unfashionable Birmingham law firm Gateley listed on London’s AIM market on 8 June 2015, hundreds of years of legal tradition were undone, as members of the public were able to buy shares in a law firm for the first time. While this was undoubtedly a seminal moment for the English legal market, Gateley’s [...]
Societe Generale deputy chief executive exits over Libor disagreement March 14, 2018 Societe Generale deputy chief executive Didier Valet has resigned following a “divergence of approaches”, the bank said in a statement today. The disagreement was related to “the management of a specific legal matter”, which is understood to be the investigation into the rigging of the London interbank offered rate (Libor). The statement said that Valet [...]
