DfT urges union to go back to negotiating table following “disappointing” rail strike ballot May 25, 2022 The Department for Transport (DfT) has urged the RMT union to go back to the negotiating table after a strike was announced last night following a 34-day ballot. “Strikes should always be the last resort, not the first, so it is hugely disappointing and premature that the RMT is calling for industrial action before even [...]
Exclusive: It’s all here – Crossrail will be a ‘game changer’ for Canary Wharf’s evolution, says property boss May 25, 2022 The Elizabeth line will be a “game changer” for the evolution of Canary Wharf from mere financial centre to a place where people can live, shop and enjoy themselves. According to Shobi Khan – chief executive of real estate giant Canary Wharf Group – since yesterday’s opening of the Elizabeth Line, passenger numbers at the [...]
Asset managers brace for plunge after global AuM jumps to $112tn May 25, 2022 Asset managers are braced for a plunge in the value of assets this year after notching bumper returns in 2021 that pushed the total value of managed assets to $112tn globally, new data has revealed.
Reforms to stamp duty holiday could pin down runaway house prices, say industry chiefs May 25, 2022 A cocktail of record house prices, HM Revenue and Customs HMRC’s record stamp duty earnings and plunging property transactions have left property chiefs calling for reforms. Reworking the stamp duty, the tax put on residential properties over £125,000, could help rebalance the hot property market and runaway valuations, according to onlookers. “Stamp duty has an [...]
Lawyers must work 2,400 hours a year to get coveted partner promotions, Hogan Lovells chief says May 25, 2022 The head of City of London law firm Hogan Lovells has told staff they are expected to work at least 2,400 hours a year if they expect to rise to partner level. In a memo sent out to staff, chief executive Miguel Zaldivar said “success typically means” making an “all in commitment” to the firm, [...]
Apple UK iOS economy supports 440,000 tech jobs across the country May 25, 2022 Apple announced that the UK iOS app economy has posted record growth in 2021, supporting more than 440,000 jobs. Not only is this a boost of 21 per cent compared to 2020 levels, but it also makes the makes the UK the leading provider of iOS app economy jobs in Europe. Indeed, the number of smaller UK [...]
Andreessen Horowitz looks to buck crypto crash with new $4.5bn fund May 25, 2022 US venture capital giant Andreesen Horowitz is looking to buck the crypto crash with a new $4.5bn fund that will pump cash into crypto and so-called ‘web3’ startups.
Money maker heads for money worries: De La Rue warns against rising costs May 25, 2022 Shares dropped over 10 per cent for De La Rue this afternoon, after the currency maker warned against rising costs and and supply shortages.
Sue Gray report: Johnson says UK must ‘move on’ as he takes ‘full responsibility’ for partygate May 25, 2022 Boris Johnson has said now is the time to “move on” from the partygate scandal, after saying he takes “full responsibility” for the brazen Covid rule-breaking uncovered in Sue Gray’s report. The Prime Minister told the House of Commons that he had “no knowledge” that Covid rules were broken on eight occasions, as deliberated by [...]
Glossier founder steps down as CEO from $1.8bn Gen-Z beloved beauty firm May 25, 2022 Glossier’s founder is to step down from her role as CEO of the $1.8bn beauty company. Emily Weiss said she will stay on as the company’s executive chairwoman, after founding the business in 2014. In this role, Weiss said she will focus on “supporting our brilliant leaders of creative, brand, product and retail, as they [...]
