Twitter to relaunch revamped subscription service with higher cost for iPhone users December 11, 2022 Twitter is to relaunch a refreshed version of its subscription service tomorrow, with a higher price tag for iPhone users. Users can subscribe to the service in order to be able to edit tweets, upload higher quality videos and get a blue checkmark. It comes at a price of $8 per month through the web [...]
Monsoon to open new stores as fashion retailer enjoys high street Covid bounce-back December 11, 2022 Monsoon is continuing its Covid bounceback by opening a slew of new stores next year. In an interview with the Financial Times, chief executive Nick Stowe said that he had been surprised by the level of enthusiasm from shoppers to return to the high street after the pandemic. He said the firm could “probably get [...]
City minister says ‘world’s moved on’ from post-2008 financial services reforms December 11, 2022 City minister Andrew Griffith has said “the world’s moved on” since the 2008 global financial crisis in an attempt to calm concerns about the easing of the UK’s bank ring-fencing regime. Griffith told City A.M. that the regulation, which will be relaxed as a part of newly announced post-Brexit reforms, was acting as “an impediment” on some [...]
Law firms up billable hours targets as sector’s profits slide December 11, 2022 Top law firms have begun upping pressure on lawyers by hiking targets for the number of billable hours they are expected to work each year, according to new research. UK law firms are increasingly calling on their lawyers to bill more hours as they seek to reverse the sector’s declining profitability and weather the oncoming [...]
Superdry founder debating potential take-private buyout December 11, 2022 Fashion tycoon Julian Dunkerton is mulling a potential buyout of Superdry, reportedly holding talks with private equity firms. It comes as the London-listed retailer has seen its share price plummet 60 per cent in the past year to date. Dunkerton founded the brand in 1985 and now owns 23.9 per cent of the £86m valued [...]
City braces for final economic figures before Christmas break December 11, 2022 The City is bracing for a string of big economic announcements in what will be the final busy week of news before the Christmas break. Tomorrow, fresh gross domestic product (GDP) figures from the Office for National Statistics (ONS) are expected to show the UK economy recovered in October. But, the 0.4 per cent growth [...]
Vodafone has grown ‘too fat’ warns French activist investor December 11, 2022 The French activist investor keeping Vodafone’s board on its toes said this weekend that the telecoms giant had become “too fat, too slow (and) too complex.” Xavier Niel, who holds a significant chunk of the firm’s shares, told the Sunday Times the giant needed to sell infrastructure and “smaller non-core assets in order to regain [...]
EU lawmaker arrested in Qatar corruption probe December 11, 2022 A top-ranking member of the European Parliament has been suspended from her job after being arrested by Belgian police in a Qatar World Cup corruption probe. Greek MEP Eva Kaili was suspended from her job as one of the EU parliament’s fourteen vice-presidents after being detained in the investigation into potential bribes paid by [...]
Linklaters becomes second Magic Circle law firm to launch apprenticeship scheme December 11, 2022 Linklaters has become the second of the UK’s elite ‘Magic Circle’ law firms to offer aspiring solicitors an alternate route to becoming a high-flying lawyer, after launching its own apprenticeship scheme. The City law firm’s new scheme will see six school leavers undergo on-the-job training over a six-year period, following which they will become fully [...]
Sunak delays Northern Ireland Protocol Bill in bid to strike deal with EU December 11, 2022 Rishi Sunak is set to delay plans to unilaterally rip up the Northern Ireland Protocol Bill as he tries to broker a deal with Brussels to fix the post-Brexit treaty. The Prime Minister has decided not to bring the controversial Northern Ireland Protocol Bill back to the House of Lords this year, after UK-EU relations [...]
