Goodwin ups newly qualified lawyers pay to £147k in a second rise this year July 30, 2021 US law firm Goodwin Procter has bumped up the salaries of its newly qualified (NQ) lawyers in London for the second time this year, City A.M. understands. Junior lawyers at the firm have been given a pay increase of 7 per cent bringing their annual salary to £147,000 less than six months after Goodwin gave [...]
EP77 City A.M. Racing Podcast: Saturday Goodwood July 30, 2021 The final day of glorious Goodwood 2021 features the Group 2 Lily Langtry Stakes for fillies and mares, plus the 6 Furlong Stewards’ Cup cavalry charge. Newmarket trainer James Ferguson is our guest and he tells us all about First Folio who is strongly fancied to win the Stewards Sprint Handicap on the same card. [...]
Science Museum under fire after signing ‘gagging order’ with Shell over sponsorship deal July 30, 2021 The Science Museum is under fire today for signing a “gagging order” preventing it from criticising Shell, the sponsor of its current “Our Future Planet” exhibition. Documents obtained by FOI request by climate group Culture Unstained show that the museum signed a sponsorship agreeing in which it agreed not to do or say anything which [...]
City watchdog launches money laundering probe into Monzo July 30, 2021 The City watchdog is in the early stages of a probe into British digital bank Monzo over possible money laundering activity. Monzo announced the potential probe alongside its annual results today, which showed the challenger bank swung to a £130m loss, up from £114m last year. Read more: City watchdog slashes fundraising threshold to attract [...]
EP: 76 Glorious Goodwood – Friday July 30, 2021 Friday at glorious Goodwood features the King George Qatar Stakes where Battaash looks to win the race for an extraordinary fifth time in succession. Angus Gold from the Shadwell Estate joins us to discuss the chances of their leading Friday hopes which include the likes of Battaash, Baaeed and Maydanny. City A.M. racing editor Bill [...]
Babcock shares plummet after defence firm books £2bn writedown July 30, 2021 Defence giant Babcock saw its shares plunge 11.6 per cent this morning as it posted a whopping £1.6bn loss on the back of £2bn in impairment charges after a review of its contracts. The FTSE blue chip said that it would now focus solely on being an international aerospace, defence and security company. Over the [...]
NatWest notches up £2.5bn in ‘resilient’ first half, as lending rises July 30, 2021 NatWest roped in some 2.5bn in operating profit before tax in the past six months, swinging from a loss of £770m in the first half of 2020. The British bank’s net lending rose by £2.2bn to £362.7bn in the six months to 30 June, while UK and RBSI retail and commercial businesses pushed lending to [...]
Paying tax sooner – HMRC wants its money faster July 30, 2021 What are the challenges and advantages of paying tax closer to real-time? HMRC calls for evidence and ICAS responds. Nobody is likely to volunteer to pay tax sooner, unless it would earn interest at a competitive rate perhaps. But knowing what your tax liability is, and when you need to pay it, as close to [...]
Eurozone economic growth outstrips forecasts July 30, 2021 The Eurozone economy is recovering much faster from the Covid crisis than experts’ forecasts as the vaccine rollout and the reopening of the services industry boosts consumer spending, shows new figures published today. The Eurozone economy grew two per cent in the second quarter of this year compared to the same period last year, according [...]
Microsoft in talks to back pandemic bruised Indian hotel chain Oyo July 30, 2021 Microsoft is in late-stage talks to invest in Indian budget hotel chain Oyo, according to reports, after a bruising 18 months for the business. The backing would value the startup at around $9bn, sources said, although the investment figure is not yet known. The deal may close as soon as Friday, one source said. The [...]
