Serco grows revenue for first times since 2013 as outsourcer puts past behind it February 26, 2020 Outsourcing giant Serco posted its first year of revenue growth since 2013 and paid its first dividend since 2014 as the firm entered the new decade in style. Shares in the firm rose over three per cent over the day’s trading. The figures Revenue grew 15 per cent in 2019, from £2.8bn in 2018 to [...]
Blackrock vice chair and co-founder Barbara Novick to step down February 26, 2020 Blackrock’s co-founder and vice chairman Barbara Novick will step down from her current role at the world’s largest asset manager, according to an internal memo. The 59-year-old will remain vice chair while she helps Blackrock find a successor, the memo said. She will then serve as a senior adviser to the company. Novick, who has [...]
Coronavirus: Ireland v Italy Six Nations match postponed due to outbreak in Italy February 26, 2020 The Ireland v Italy men’s and women’s Six Nations games scheduled for Dublin next weekend have been postponed because of the coronavirus. Irish health minister Simon Harris said last night that the men’s Six Nations game scheduled for 7 March should not go ahead. The women’s game scheduled for the following day and the under-20 [...]
Weekly Grill: Hide’s Josh Angus on why you should never climb into an oven and why he’s traumatised by tofu February 26, 2020 Who are you and what do you do? My name is Josh Angus and I’m head chef at Hide on Piccadilly. I run a team of around 50 chefs serving 300 guests a day. Hide has been open for 16 months and since opening we have won numerous awards for our food and wine. We won [...]
Weir to exit oil and gas after £379m loss February 26, 2020 Weir Group is to exit its oil and gas business after posting a £379m loss for 2019 today. While Weir enjoyed a strong performance in its mining business, the company warned the US oil and gas market’s poor 2019 performance forced it to slash costs in the range of £35m a year. “North American oil [...]
US legal giant Latham & Watkins boosts revenue to record $3.7bn February 26, 2020 US law firm Latham & Watkins today announced a revenue boost of 11 per cent to $3.76bn (£2.91bn) for the 2019 calendar year. Latham, which has been heavily investing in its City office in recent years, became the first law firm to surpass the $3bn revenue mark in 2018. Its London revenue is understood to [...]
British Pie Week: Pancake Day is over, now it’s time to gorge yourself on pie February 26, 2020 Pancake day is behind us for another 364 days. But forget those flat fly-by-nights, because the real culinary showcase is still a few days away: British Pie Week. Across the land, top chefs will be rolling out their versions of the perfect pie, a dish that can be traced through ancient Egyptian and Roman lineage [...]
Fintech unicorn Klarna posts first ever annual loss February 26, 2020 Klarna, the joint largest fintech startup in Europe, has suffered its first ever annual loss, with the “buy now pay later” specialist hit by heavy credit losses. The company, which lets people pay for online purchases in installments, reported a loss of 1.1bn Swedish krona (£87.5m) on revenues of 7.2bn krona last year, its first [...]
Crossrail 2 should be funded this year, says government adviser February 26, 2020 Crossrail 2 should be one of Boris Johnson’s top infrastructure priorities and get a funding commitment this year, according to a key government infrastructure adviser. The National Infrastructure Commission released its annual report today, saying the £41bn north-south train line should immediately get the go ahead. The project is under a cloud of uncertainty due [...]
