The City View: March 10 March 10, 2022 Today Andy Silvester chats to James Sym, Portfolio Manager of European Equities at River and Mercantile, about whether investing in ESG truly and effectively aids decarbonisation; deglobalisation; and how investment portfolios will need some tinkering in the coming years as a result of high inflation and geopolitical issues. Andy also goes through the headlines: the [...]
Technology To Help Issues Raised by Rising UK M&A Deal Volumes March 10, 2022 Record-level deal activity in 2021 and the associated resource strain may mean dealmakers will turn away or delay deals in 2022, although many expect to circumvent the issue by using more technology, according to a new survey of 200 UK-based dealmakers by Datasite. Low interest rates and opportunities abroad According to the survey, almost half [...]
Clifford Chance to wind down Moscow offices amid scrutiny over law firm’s links to oligarchs March 10, 2022 Magic Circle law firm Clifford Chance has set out plans to close its Moscow offices, as City of London law firms face mounting pressure to sever all ties to Russia. Clifford Chance’s decision to “wind down” its Moscow offices comes just an hour after Magic Circle law firm Allen & Overy said it would be [...]
TfL approves 5.5 per cent increase in cabs’ fares to help drivers face economic situation March 10, 2022 Transport for London’s (TfL) finance committee approved today a 5.5 per cent increase in black cabs’ fares as a way to help drivers survive the ongoing economic situation. From 30 April, minimum fares between 5am and 10pm will increase from £3.20 to £3.80, while travellers to Heathrow will see their supplement go up from £2.80 [...]
CF Fertilisers confirm UK operations continue despite energy market volatility March 10, 2022 One of the UK's leading fertiliser, CO2 and ammonia providers insist there have been no changes to its operations.
‘It seems like nobody wants to work these days’: Kim Kardashian faces Twitter storm following advice to women in business March 10, 2022 Kim Kardashian is facing social media backlash today after a clip shows her giving advice to "women in business", telling them to "get your f****** ass up and work".
Magic Circle law firm Allen & Overy set to wind down Moscow offices March 10, 2022 Magic Circle law firm Allen & Overy has joined its Magic Circle rivals in vowing to wind down its Moscow office, as law firms from across Europe and the US pile out of Russia. Allen & Overy’s decision to wind down its Russian operations comes after the firm first opened its Moscow office in 1993. [...]
Year-ahead inflation expectations hit record high ahead of BoE’s rate decision March 10, 2022 A record proportion of Brits expect the current inflation crunch to linger in a year’s time, fresh data released today reveals. Some 35 per cent of households think the cost of living will top five per cent by this time next year, according to Bank of America. The fresh figures will worry the Bank of [...]
London law firm Laytons buys up real estate specialist Cannings Connolly March 10, 2022 London law firm Laytons has acquired commercial law firm Cannings Connolly, just months after Laytons joined German professional services group ETL Global. In a statement, Laytons said it had agreed to acquire property litigation specialist Cannings Connolly, with a view to boosting its commercial real estate and construction offerings. The deal comes after Laytons joined [...]
Stateside inflation surges to over 40 year high strengthening case for rapid US Fed tightening March 10, 2022 Stateside prices are accelerating at the fastest pace in over 40 years, strengthening the case for the US Federal Reserve to front load reining in policy. Inflation in the US scaled to 7.9 per cent, according to data released by the US Bureau of Labor Statistics today, the hottest rate since January 1982. The fresh [...]
