1 Minute Market Rundown – 27th April 2022 April 27, 2022 Risk Under PressureCrypto ConsolidatesUSD in DemandGoogle Disappoints To say things got ugly yesterday would be a bit of an understatement. Clearly, what goes lower, must go…lower. Stock indices closed the session sharply lower with the S&P taking out support at 4200. US stocks sank to the lowest levels seen in 6 weeks as hopes that [...]
Burger King plots 200 new UK restaurants as fast food giant eyes whopper £600m London float April 25, 2022 Burger King is eyeing an additional 200 restaurants in the UK over the next four years, after “significant under-penetration” in the country’s market. The burger chain, which has been eyeing a London float since last year, said its adjusted EBITDA nearly tripled to £49.5m. In results for the year ended 31 December, the fast food [...]
Boris Johnson’s disastrous India trip: Little progress on trade deal, partygate rows, Tory donor bulldozers and Modi stays close to Putin April 23, 2022 Boris Johnson today indicated at a press conference in India that he did not try to encourage the country’s prime minister, Narendra Modi, to go further in dropping India’s neutrality over the Russian President’s invasion of Ukraine. Also, Johnson’s two-day trip was dogged by questions over the deepening partygate scandal, with a Tory rebellion leading [...]
Lawyers value culture and friendships over cold, hard cash, new report says April 21, 2022 Lawyers place more value on culture and friendships with colleagues than they do on cold, hard cash, according to new data from Reuters. A survey of 900 lawyers found those who planned to stay with their firms were more likely to cite their colleagues, firm’s culture, and the quality of their work as their reasons [...]
Pinsent Masons enters City bidding war after boosting pay for new lawyers to £92k April 19, 2022 Pinsent Masons has given newly qualified (NQ) lawyers working in its London offices a 22.6 per cent pay rise, in upping their salaries to £92,000 a year. The commercial law firm entered the fray by hiking pay for its freshly trained lawyers from £75,000 to £92,000 a year. NQs working in its regional UK [...]
Easter Reads part one: the best in our opinion pages on politics, the economy and Ukraine April 16, 2022 Back when partygate was “seemingly” subsiding, Giles Kenningham looked at another political headache for Johnson, one with a much longer legacy: the future of the Union. The pandemic gave a taste of greater independence to the devolved nations, and now some want to keep it – surely, that’s the case with Scotland’s Nicola Sturgeon. To [...]
1 Minute Market Rundown – 14th April 2022 April 14, 2022 Russia – UkraineChina Indicates Looser Monetary PolicyCrypto ConsolidatesECB in Focus We have spoken about the path of least resistance being the USD higher, yields higher and risk lower. Thus naturally it made sense that we saw the total opposite yesterday… We saw, in our minds, a relief rally across the board heading into the ECB [...]
Wizz Air forecasts up to €652m loss after Covid rules and war in Ukraine dent air travel demand April 14, 2022 Budget airline Wizz Air said it anticipates a net loss of between €652m and €632m, as air travel demand was restrained by Covid and war in Ukraine. The airline anticipated a reported net loss for the full year while its fourth quarter operating result is expected to be within a range of a loss of [...]
Today’s youngsters have more reason than most to complain April 14, 2022 There are few generations who do not think their ancestors had it better; similarly few who think the next have it harder. Those under 35 or so, born in Britain, may have a more reasonable case than most. Many of them left school or graduated into the teeth of a global financial crisis, from which [...]
Slaughter and May ups pay for new lawyers to £115,000 a year as talent war rages on April 12, 2022 Slaughter & May has given its newly-qualified lawyers a seven per cent pay rise after upping their salaries to heights of £115,000. The pay hike will see Slaughter & May’s NQs see their salaries jump from current rates of £107,500 to £115,000 a year from May. Slaughter & May also said it would pay out [...]