City Moves: Who’s switching jobs in the Square Mile? April 5, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. A&O Allen & Overy has added a partner to its international arbitration group, signalling sustained investment in the law firm’s division. Joining from Skadden, David Herlihy brings two decades of experience to the firm, with a focus [...]
80 organisations pull out of government LGBTQ conference post-conversion therapy backlash April 4, 2022 A growing tally of organisations have pulled out of the government’s LGBTQ+ conference this summer, as part of growing backlash towards it looking to ditch its promise to ban conversion therapy. More than 80 LGBTQ+ and HIV organisations, including Stonewall, in the UK have bailed out of the international conference. Conversion therapy attempts to change [...]
Lady Mayoress’ sleep-out raises thousands for City homelessness causes April 4, 2022 Around 100 people took part in the Lady Mayoress’ so-called sleep out at Guildhall Yard last week, which saw the Lady Mayor and her husband Lord Mayor swap the comfortable beds of Mansion House for a sleeping bag on a cold spring evening. The demonstration was to raise awareness of the City’s homelessness, with around [...]
Surging shares: Elon Musk revealed as Twitter’s largest stakeholder April 4, 2022 Elon Musk, the eccentric billionaire behind Tesla and SpaceX, has snapped up a 9.2 per cent in Twitter – which has sent its shares flying. The tech entrepreneur is reportedly now the largest shareholder in the social media platform, considered one of the world’s most popular. Twitter shares have surged around 26 per cent in [...]
Ministry of defence carves out 100 new jobs in pumping £22m into new satellite April 4, 2022 The UK’s ministry of defence has commissioned a new £22m satellite, which is expected to create around 100 new jobs. The satellite, built as part of the £127m science and technology programme Minerva, will be the first in a network of new satellites to support military operations. The three-year contract with Surrey Satellite Technology Ltd [...]
Brexit spurs rise in overseas talent sponsoring among City firms April 4, 2022 Brexit has spurred a rise in City firms sponsoring overseas recruits, with around 200 workers based outside of the UK being hired per week. It comes amid a labour shortage on British soil, which has seen City law firms battle it out for the highest pay. Visa sponsorships by UK-based financial services firms have been [...]
Protestors block London Esso oil facility ahead of new UN climate report April 4, 2022 Protestors have blocked an Esso oil facility near Heathrow Airport with two bamboo structures in a bid to stop new fossil fuel developments. In a fourth day of protests, demonstrators from Extinction Rebellion and the Just Stop Oil Coalition have been blocking the exits to several oil facilities across the country, beginning with seven on [...]
Carnival shareholders advised to vote against boss’ lofty pay following P&O backlash April 4, 2022 Investor advisory groups have advised Carnival shareholders to vote against its chief executive’s lofty bonus, after its “poor company performance”. Carnival, the cruise operator behind P&O, Princess and Cunard brands, has made headlines over the past few weeks after P&O sacked some 800 staff overnight, without consulting trade unions. Chief executive Arnold Donald took [...]
Business of Space: Not only doing the hard things, but the ‘right thing’ April 2, 2022 This week Blue Origin creates six more astronauts SpaceX teams up with OneWeb Seraphim Space piles into Pixxel Blue Origin: Space tourists aplenty Jeff Bezos’ Blue Origin successfully completed its fourth tourist flight to space on Thursday, marking the increasing accessibility of space – to the few that can afford it. Bezos, who made his [...]
Government decides it will go ahead with plan to ban conversion therapy following backlash April 1, 2022 The government has decided it will go ahead with its plans to ban conversion therapy after a leaked document revealed it was scrapping the move. “The PM has agreed we should not move forward with legislation to ban LGBT conversion therapy,” the document read, ITV News first reported. Following backlash from politicians, charities and businesses, [...]