EU financial services czar warns City that Brussels won’t bend on rule-taking demands April 22, 2021 The EU is in “no rush” to grant the City of London renewed access to its financial markets post-Brexit, according to a senior Brussels official. Mairead McGuinness, the European Commissioner for financial services, said today that Brussels will “not be recreating access to the single market for the UK as they have chosen to move [...]
Clifford Chance to make redundancies in London April 22, 2021 Clifford Chance has launched a redundancy scheme that will see tens of London-based employees leave the law firm. The Magic Circle law firm will make between 44 and 73 people redundant in the capital, with those working as legal support secretaries and in the document production unit and the mail room to be affected. The [...]
Biden pledges to cut emissions by 52 per cent by 2030 April 22, 2021 US President Joe Biden administration has today pledged to slash US greenhouse gas emissions by 50 per cent – 52 per cent from 2005 levels by 2030. The new target was unveiled ahead of a two-day climate summit featuring the world’s biggest economies. Before the summit began, Biden tweeted: “No nation can solve this crisis on its [...]
Hedge fund Odey takes short position against Deliveroo after disastrous IPO April 22, 2021 Odey Asset Management has taken a short position against Deliveroo after a disastrous start to the delivery firm’s London IPO. Odey fund managers James Hanbury and Jamie Grimston took the bet on Deliveroo’s first day of trading, according to investor documents seen by the Financial Times. Deliveroo made its debut on 31 March with a [...]
Strong trade ties with India could put the UK in pole position to join the CPTPP and face up to China April 22, 2021 Boris Johnson has cancelled his planned visit to India after coronavirus cases spiralled out of control. Moving the conversation online, in the way many of us have done this past year, in no way diminishes the importance of the discussions he and Prime Minister Modi will have in the coming weeks. Their dialogue is occurring [...]
Henry Ford’s one-off Capri to be auctioned this week April 22, 2021 The former Ford president drove a bespoke Capri 2.8 injection while in the UK for two years. It’s estimated to sell for £25,000-£35,000.
UK no longer in group of 20 worst-hit countries for Covid-19 death rate April 22, 2021 The UK has fallen off the list of the 20 countires worst hit by the Covid-19 pandemic, as measured by excess deaths. Since the pandemic took hold in March 2020, the UK has recorded 121,000 more deaths in its population than would normally occur in a year. That’s a rate of 183 excess deaths per [...]
The Oscars 2021: Our predictions for the big winners April 22, 2021 Hollywood’s big, back slapping Oscar party arrives on Sunday, but as with other awards ceremonies, the film industry will have to congratulate itself from a distance. It will be a different kind of awards, with a rumoured additional venue in London, but the same amount of anticipation regarding who will take home a gold statuette. [...]
Freshfields tries to distance itself from ‘Magic Circle’ label April 22, 2021 Top brass at elite London law firm Freshfields Bruckhaus Deringer would prefer it not to be labelled a ‘Magic Circle’ firm, after it aggressively expanded into the US in recent years. “I don’t think the Magic Circle is a correct reference, and, at the same time, we do more than our US competitors as well,” [...]
Downing Street launches inquiry into Boris Johnson’s leaked texts with Sir James Dyson April 22, 2021 Downing Street is launching an inquiry into how Boris Johnson’s personal text messages with one of the UK’s richest men were leaked to the BBC. It was revealed yesterday that Sir James Dyson had lobbied Johnson for his staff to get tax exemptions for their work in building ventilators during the start of the Covid [...]
