Clyde & Co set to merge with insurance specialist BLM March 18, 2022 London law firm Clyde & Co is in advanced negotiations to merge with insurance specialist BLM, the two law firms have said. A spokesperson for BLM confirmed to City A.M. that the law firm is in advanced talks for a merger with Clyde & Co, as she said the firm will be holding a partner [...]
Nuclear energy leaders to meet Prime Minister Boris Johnson next week, as UK continues to wean itself off Russian fuel March 18, 2022 Nuclear industry leaders are set to hold talks with the prime minister next week, as Britain continues its bid to wean itself on dependence on Russian energy. It has been reported that executives from companies such as EDF and Rolls-Royce will meet Boris Johnson on Monday, alongside US industrial giant Westinghouse, according to Sky News’ [...]
Behind every great fortune, there is a crime March 18, 2022 Targ Patience examines the consequences of crypto crime and how the systems of defence against it must evolve.
UK solicitors watchdog says it will not tell law firms to drop Russian clients March 18, 2022 The UK solicitors’ watchdog has said it will not tell law firms to drop Russian clients. The Solicitors Regulation Authority (SRA) said its “general position is that firms can choose who they act for,” as it said the issue is “highly unlikely to be a regulatory matter.” “The current situation with the conflict in Ukraine [...]
Major shakeup is needed to fix the Big Four, expert says March 18, 2022 A prominent academic has called on the government to expedite its audit reforms, after arguing a serious shakeup is needed to prevent an “appalling” situation from getting worse. Speaking to City A.M. accountancy expert Professor Atul Shah said, “the record of the UK’s auditing industry has been appalling over the last two decades and it’s [...]
DVLA taking ‘extremely seriously’ claims hundreds of staff were on full pay but not working March 18, 2022 The DVLA is taking “extremely seriously”, claims that hundreds of staff were on full pay but not working during an application backlog crisis. The Driver and Vehicle Licensing Agency responded to an in-depth undercover investigation by The Times , insisting allegations against its 6,000-strong staff are “not representative of the hardworking culture” there. This comes [...]
Lazard eyeing up US equities after Ukraine invasion causes markets to plunge March 18, 2022 Asset management giant Lazard is readying to scoop up underpriced US equities after Russia’s invasion of Ukraine caused stocks to plunge in value.
1 Minute Market Rundown – 18th March 2022 March 18, 2022 Russia – UkraineRisk bouncesCrypto finds supportDovish hike by the Old Lady Risk continued to hold in well yesterday as equity and crypto markets held on to gains posted recently. Overnight we have seen the equity rally stall as the surge in Chinese tech stocks fizzled out and oil moved back above $100 a barrel. We [...]
Toyota halts operations at factories after earthquake March 18, 2022 Toyota Motor Corp is to suspend operations on several lines at almost a dozen factories next week, after an earthquake off the coast of Japan this week. The car maker has said it will halt operations on 18 lines at 11 domestic factories next week, for around three days. It has suffered a parts shortage [...]
Bitcoin shows signs of maturing as world economies look likely to worsen further March 18, 2022 Jason Deane digs through an avalanche of news narratives to decipher what's affecting the price of Bitcoin this week.
