Warhammer maker shares surge as trading ‘in line with expectations’ March 24, 2022 Games Workshop shares skyrocketed after the Warhammer maker said its most recent trading was “in line with expectations”. The wargames manufacturer said trading in the three months to the end of February was as expected. This sent shares up more than six per cent on Thursday afternoon. As a result, the firm announced a dividend [...]
BlackRock boss praises private sector for waging ‘economic war’ on Russia March 24, 2022 The boss of the world’s biggest asset manager BlackRock has said Russia’s invasion of Ukraine will spell the end of globalisation as we know it, as he praised the private sector for waging “economic war” on Russia.
Watchdog says Morrisons takeover could lead to higher fuel prices in more than 100 locations March 24, 2022 The competition watchdog has said Morrisons’ blockbuster private equity takeover could lead to higher fuel prices. Clayton, Dubilier & Rice (CD&R)’s £7bn takeover of the supermarket could lead to higher fuel prices in 121 locations where both firms own forecourts, the regulator said. The Competition and Markets Authority (CMA) said it has concerns about the [...]
P&O ‘chose’ to break the law by firing 800 people, company boss says March 24, 2022 P&O Ferries’ chief executive has admitted the ferry operator broke the law by failing to consult employees and unions before sacking 800 people. Peter Hebblethwaite told MPs there was “absolutely no doubt” P&O broke UK employment laws, as he admitted the ferry firm “chose not to consult” employees and unions. “We chose not to consult [...]
Uber lists New York cabs on app as driver shortage continues March 24, 2022 Uber agreed a mega deal to list all New York City taxis on its app this morning, helping address the shortage of drivers in the city and buffering taxi usage. The agreement was announced by Creative Mobile Technologies, which makes apps for the city’s yellow cabs, and Curb, a ride-hailing app for licensed taxi and [...]
Senior US politician: Post-Brexit trade deal ‘desirable’, but not if it ‘jeopardises’ Good Friday Agreement March 24, 2022 One of the most powerful American politicians has dismissed any post-Brexit trade deal that risks peace in Northern Ireland. The chair of the ways and means committee, Congressman Richard Neal, said the United States “will not entertain” any proposal that undermines the Good Friday Agreement. Speaking to The Guardian, the 73-year-old Democrat who heads the [...]
Law firms face pressure to cut costs and offer ‘no win, no fee’ payment schemes March 24, 2022 An overwhelming majority of the UK’s biggest law firms are now facing pressure to cut the costs of their services, according to data shared exclusively with City A.M. Nine-in-ten partners in law firms with turnovers of more than £500m a year said they are facing pressure to reduce costs and use different billing arrangements, a [...]
Bridgepoint shares surge on swelling revenue and managed assets post-IPO March 24, 2022 During its first year on the London Stock Exchange, Bridgepoint’s revenues have grown more than 40 per cent. The private equity giant listed in September last year in a highly anticipated £2bn float. The London-headquartered firm has also seen assets under management swell nearly 24 per cent to €32.9bn (£27.3bn) in the year to 31 [...]
Accounting vacancies boom will benefit London as job openings bounce back to pre-pandemic levels March 24, 2022 The number of job openings for accountancy positions has rebounded after dropping sharply during the pandemic. Vacancies in accounting are set to jump 6.9 per cent between this quarter and the next, to land at levels more 50 per cent higher than in Q2 2021. Following a lull in the hiring during the fourth quarter [...]
Ofgem investigates National Grid over potential breach of maintenance rules March 24, 2022 Ofgem has launched an investigation into whether National Grid Electricity Transmission (NGET) has breached maintenance rules.
