London judge slams New York law firm Cleary Gottlieb for charging more than £1,100 an hour April 6, 2022 A London judge has slammed US law firm Cleary Gottlieb Steen & Hamilton for charging its clients more than £1,100 an hour. In a short ruling today, Court of Appeals judge Lord Justice Males spoke out against the white shoe law firm, after it charged Korean electronics company LG as much as $1,475.75 (£1,131.75) an [...]
Garden products manufacturer Marshalls to buy roof tile maker Marley in deal worth £535m April 6, 2022 FTSE 250 paving stone manufacturer Marshalls is set to acquire roof tile manufacturer Marley Group in a deal worth £535m. The garden materials maker struck a conditional deal to acquire Marley, in line with its plans to “become the UK’s leading manufacturer of products for the built environment.” The West Yorkshire headquartered firm said Marley [...]
Energy conflict: EU unveils plans to seize Russian energy revenues April 6, 2022 Economic warfare between Russia and the West escalated yesterday, after the EU announced plans to seize Russian energy revenues.
National Grid partly nationalised in energy shake up April 6, 2022 The National Grid will no longer be responsible for keeping the country's electricity and gas flowing as part of a government shake-up.
Russian oligarch is continuing to use law firm’s address without permission, company says April 6, 2022 Scottish corporate law firm Burness Paull has claimed a Russian oligarch is continuing to use its address, without its permission. The claims come after it emerged that Alexey Krapivin – who is accused of using a network of shell companies to channel billions of dollars out of Russia’s state-owned railway operator – is in control [...]
Retailer sell off drags down London indexes April 6, 2022 A retailer sell off caused by concerns over a pull back in spending amid a tight cost of living squeeze led London’s top indexes lower today. The capital’s premier FTSE 100 index dropped 0.34 per cent to 7,587.70 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK [...]
Volkswagen reduces model range as part of electric drive April 6, 2022 Volkswagen will reduce its model range to focus on more profitable vehicles as part of its electric drive, finance chief Arno Antlitz told the Financial Times today. The group – who owns brands such as Seat, Skoda Audi and Porsche – will cut down on models, going from the current 100 diesel and fuel vehicles [...]
Ikea owner splashes out on £285m for solar parks across Europe April 6, 2022 The owner of Ikea has invested almost £285m across Europe with the purchase of nine solar park projects. Ingka Group has bought solar photovoltaic (PV) parks in Germany and Spain, from developer Enerparc, which have a combined capacity of 440 megawatt. “The expected production will be sufficient to cover all IKEA stores and warehouses in [...]
Landscaping firm Marshalls snags roofing specialist Marley April 6, 2022 Landscaping firm Marshalls has agreed to acquire roofing specialist Marley for £535m. In an update on the London Stock Exchange on Wednesday afternoon, the FTSE-250 company said the acquisition “represents a significant step towards achieving our strategic goal to become the UK’s leading manufacturer of products for the built environment.” Martyn Coffey, chief executive of [...]
P&O plans to restart services ‘by next week’ as boss plays down safety failings April 6, 2022 Beleaguered ferry firm P&O said it was looking to restart sailing on the Dover to Calais route as soon as this weekend, as its boss looked to play down safety failings that forced it to suspend services on its ships.
