Jope mounts defence of Unilever sustainability after run-ins with top investor May 24, 2022 Unilever boss Alan Jope has mounted a defence of the firm’s focus on sustainability today after a series of bruising bust ups with a top shareholder who accused him of putting purpose over profit.
Magic Circle law firm Clifford Chance ups pay for junior lawyers to £125,000 a year May 24, 2022 Magic Circle law firm Clifford Chance has upped pay for its newly qualified (NQ) lawyers to £125,000 a year, in a sign the UK’s most prestigious law firms are facing continued pressure to offer huge salaries to their most junior solicitors in order to recruit and retain top talent. The firm told City A.M. its [...]
Londoners flock to use Elizabeth line as TfL registers 65,000 journeys May 24, 2022 Around 65,000 journeys were registered on the central tranche of the Elizabeth line, which opened today after a three and a half years’ wait. Transport for London (TfL) estimates revealed that by 10am 14,000 people had already entered and exited at Paddington, while 9,000 tapped at Canary Wharf and 6,000 at Woolwich. Hundreds of Londoners [...]
There is a fundamental flaw in the crypto economy May 24, 2022 VJ Angelo, CEO of Inspira Wealth, highlights cryptocurrency's main flaw - with some good news and bad news.
Kwarteng says windfall tax on electricity firms would be ‘challenging proposition’ May 24, 2022 Slapping a windfall tax on electricity generators would be a “challenging proposition” and could hamper the UK’s net-zero ambitions, according to business secretary Kwasi Kwarteng. The business secretary also came out firmly against a windfall tax on oil and gas companies, saying the policy is “not a good idea” in comments that will put him [...]
UK surges ahead of Europe to retain crown as venture capital ‘epicentre’ May 24, 2022 The UK has retained its crown as Europe’s venture capital epicentre with 351 local investors now actively pumping cash into the country’s startups, new data has revealed
Shell AGM underway again after activist disruption as shareholders prepare for key climate votes May 24, 2022 Shell's annual general meeting is underway again after it was delayed for nearly three hours following protests from climate activists.
City of London’s annual Beerfest returns in aid of five good causes May 24, 2022 The City’s annual Beerfest returns to historic Guildhall yard, with visitors able to sample 30 different ales in support of five good causes . British beer-makers will be on show at the 7 July event alongside low alcohol and vegan products, as-well-as having food and live music on offer. The eighth event held by the [...]
Square Mile to celebrate Queen’s platinum jubilee with Commonwealth Games baton relay May 24, 2022 The Square Mile will celebrate the Queen’s platinum jubilee this weekend with a baton relay ahead of the Commonwealth Games. Her Majesty will be honoured during an afternoon of sport-themed activities hosted at Paternoster Square, next to St Paul’s Cathedral, on 4 June. The event, beginning at midday, marks the closing stages of the baton’s [...]
Crypto crash could threaten global financial stability, ECB warns May 24, 2022 A continued sell-off frenzy in crypto could threaten the stability of global financial markets, the European Central Bank has warned today.
