Clifford Chance report record revenue and profits in sixth consecutive year of growth July 20, 2021 Law firm Clifford Chance announces its sixth consecutive year of profit and revenue growth despite the pandemic. For the year ended 30 April Clifford Chance saw its revenue rise to £1.8bn, though by a marginal rate of one per cent compared to the previous financial year. Its profit per equity partner increased by nine per [...]
GMB calls off British Gas strike after 44 days July 20, 2021 Union GMB has today brought an end to 44 days of strike action after its members backed a new pay deal from British Gas. Around 7,000 of the company’s engineers carried out the industrial action in protest at the firm’s so-called “fire and rehire” tactics. GMB said that 500 workers lost their jobs as a [...]
The City of London’s Al Fresco dining is here to stay for one more year July 20, 2021 The City of London Corporation has agreed to ease the weight on the hospitality industry by offering free pavement licences for one more year. Amid table number and household restrictions, the UK’s hospitality sector has been making use of pavements for extra Al Fresco seating. “We expect the buzz of the City will swiftly return [...]
US stocks rebound after heavy losses July 20, 2021 US stocks recovered from a battering yesterday during the morning session as investors purchased assets that looked cheap after Monday’s falls. All the US’ main benchmarks rose in the morning. The blue chip S&P 500 was up 1.12 per cent; the tech-heavy Nasdaq increased 0.73 per cent and the Dow Jones added 1.49 per cent. [...]
Farmers’ union to renew row as UK trade deal to see tariffs slashed on New Zealand meat July 20, 2021 The UK’s farmers’ union and Labour are ready to renew a row with the government over British farming as the UK prepares to cut all tariffs on New Zealand meat in an upcoming trade deal. A senior Department for International Trade source told City A.M. that the UK-New Zealand trade deal is still on track [...]
IEA: Emissions to hit record by 2023 if green investment remains locked away July 20, 2021 The International Environment Agency’s forecasts have warned today that emissions will hit a record high in just two years unless more green investment is unlocked. After a brief fall last year at the height of the pandemic, which halted supply chains and pushed people homebound, the world is on track to surpass 2018’s emissions record. [...]
We have some really great jobs open in London for you this week July 20, 2021 And just like that, the world almost feels normal again. Restrictions have lifted, and there’s life back in the economy at last! One tell-tale sign of this? Companies are on serious hiring sprees. We know this because our job board is booming with amazing opportunities at the moment. We wanted to share some of these [...]
Exclusive: Number of private jets available for purchase dries up as demand soars during pandemic July 20, 2021 The number of private jets available for purchase has plummeted sharply in the last year after wealthy individuals snapped up most of the world’s available planes due to the pandemic. Data from private jet broker Colibri Aircraft shows that a mere 4.7 per cent of the world’s pre-owned jet fleet is for sale – this [...]
UK bias causing British investors to miss out on potential gains July 20, 2021 UK investors are biased toward British shares despite London-based indices posting persistent long-term underperformance, according to new research. Figures from Quilter shows 64 per cent of investors with at least £60,000 in investible assets have more than a quarter of their portfolio invested in the UK. Read more: FTSE 100 bounces back to pare back [...]
Fizzy mixer brand Fever-Tree sees European revenues surge as holiday spots bolster stocks July 20, 2021 Fever-Tree has seen its European revenues surge outside of the UK as hospitality destinations bolstered stock in anticipation of summer holiday goers. However, ongoing travel confusion and ‘Freedom Day’ fears may have knocked investors faith – as it saw its shares plummet 7.10 per cent this afternoon, dragging its total share price to 2,276. The [...]
