Ukraine: Insurers provide first policy for grain shipment out of war-torn country August 23, 2022 Lloyd’s of London broker Ascot and insurer Marsh have written their first insurance policy for a ship carrying Ukrainian grain out of the country’s Black Sea ports following the signing of Russia and Ukraine’s safe passage deal last month. The shipping insurance policy is set to reinforce the UN brokered deal to reopen Ukraine’s seaports [...]
WH Smith chair Henry Staunton lined up as new Post Office head August 22, 2022 The UK government is lining up outgoing WH Smith chairman Henry Staunton to head the Post Office, as it seeks to navigate the fallout of the miscarriage of justice that saw hundreds of the state-owned company’s workers wrongfully convicted of serious crimes. Former ITV finance director Staunton has been chosen as the preferred candidate to [...]
PwC sued by employee over pub crawl brain injury August 22, 2022 A 28-year-old auditor, who suffered a serious brain injury on a work night out, is suing PwC over claims the firm bears responsibility for the behaviour of a manager who encouraged excessive drinking. Michael Brockie, 28, suffered a “moderate-severe brain injury” during a “pub golf” night organised by his superior, that left him with “persistent [...]
Sony faces £5bn lawsuit over claims it ‘ripped off’ millions through PlayStation store August 22, 2022 Sony is set to face a £5bn class-action lawsuit, brought forward on behalf of 8.9m people, over claims it breached competition law by overcharging for digital PlayStation games and in-game purchases. The Japanese video game console maker is being sued by consumer rights campaigner Alex Neill, on behalf of millions of gamers, over its practice [...]
Marsh launches world’s first dedicated hydrogen insurance fund August 22, 2022 Insurance broker Marsh today set out plans to launch the world’s first ever dedicated hydrogen insurance offering, to provide coverage for new and existing H2 energy projects. Marsh’s new fund will provide cover worth up to $300m per project in a bid to capitalise on a fast-growing sector that is set to see $150bn invested [...]
Deloitte to hire 6,000 new UK staff over next five years August 22, 2022 Deloitte today set out plans to hire more than 6,000 new UK employees over the next five years in a bid to boost the quality of its audit work. The plans will see the accounting firm recruit at least 1,200 audit and assurance professionals each year from 2022- 2027, including around 5,000 new auditors. The [...]
Criminal Barristers vote to escalate strike action over legal aid fees August 22, 2022 Criminal barristers today voted in favour of plans to cancel their bi-weekly court walkouts and run a continuous strike from 5 September onwards. The Criminal Bar Association’s members overwhelmingly backed the decision to strike on an “indefinite basis” on Monday morning. 2273 members backed escalation of strikes by 79.5 per cent, with 11 per cent supporting a continuation [...]
Threat of recession drives City law firm hiring spree August 19, 2022 City law firms are seeking to capitalise on the looming recession by bolstering their M&A and financial restructuring teams. Vacancies for City lawyers specialising in banking, leveraged and real estate finance, capital markets, and derivatives surged 38.7 per cent over the first seven months of 2022, figures from legal sector recruitment firm Tenhaven show. The [...]
Soaring energy bills could plunge Britain into a ‘humanitarian crisis,’ NHS leaders warn August 19, 2022 NHS leaders have warned that soaring energy bills could plunge the UK into a “humanitarian crisis” by driving a surge in hospital admissions. The heads of NHS trusts in England, Wales and Northern Ireland called on the government limit price hikes and offer greater financial support to prevent a “public health emergency”. The NHS chiefs [...]
Less than 62,000 of UK’s one million trusts registered with HMRC just two weeks before deadline August 19, 2022 Only a tiny proportion of those who own non-taxable trusts have registered them with HM Revenues and Customs’ (HMRC’s) Trust Registration Service (TRS), just weeks before the deadline on 1 September. A total of 61,700 of the UK’s estimated one million trusts were registered with the HMRC service in the first six months of 2022, [...]
