Hammerson sells seven retail parks to Orion for £400m February 21, 2020 Hammerson has sold seven retail parks to Orion’s European real estate fund for £400m, the largest sale of its kind in the UK for a decade. The parks are dotted around the country in places such as Didcot, Falkirk, Rugby and Telford. The deal, which is expected to raise proceeds of £395m, takes the total [...]
No, your CEO can’t come paint our office: The 4 golden rules for CSR December 2, 2019 Two years ago, I launched Beam, a tech-for-good startup that crowdfunds employment training for homeless people and supports them into stable, paid work. Ever since we started to gain visibility, a number of brands have approached us with different propositions for demonstrating their corporate social responsibility (CSR) agendas. To paint a picture of what these approaches [...]
Judgment imminent in Lloyds’ shareholders £600m financial crisis-era group action October 31, 2019 The long-awaited judgment in a financial crisis-era shareholder action against Lloyds Banking Group and five former directors of Lloyds TSB is expected imminently, according to people close to the case. The £600m claim focused on Lloyds TSB’s acquisition of HBOS in autumn 2008 at the height of the financial crisis. The claimant group of 300 [...]
Daiwa Capital Markets faces $150m bill after Supreme Court appeal loss October 30, 2019 Daiwa Capital Markets Europe faces a $150m (£116m) bill after losing an appeal to the UK Supreme Court today. The court ruled in favour of Singularis Holdings – now in liquidation – in a claim for negligence against the English subsidiary of the Japanese bank. The case relates to a payment Daiwa made at the [...]
Queen’s Speech plots path for pensions dashboards and new regulatory powers October 14, 2019 The government has today laid the groundwork to bring in new laws on pensions dashboards and give fresh powers to The Pensions Regulator. The Queen’s speech confirmed the government’s intention to legislate to force pension schemes to provide data for the dashboard scheme. This will eventually allow people to keep track of funds accumulated in [...]
New rules force pension funds to consider environmental and social factors October 1, 2019 Pension funds are now required to consider environmental and social factors when making investment decisions, under rules introduced today as part of the government’s bid to tackle climate change. New rules which have come into force this morning mean all defined-contribution schemes with more than 100 members will have to set out how they are [...]
US law firms struggling to displace UK elite in FTSE boardrooms September 18, 2019 Despite the march of US law firms on the City legal market, new data published today shows their UK rivals still dominate the boardrooms of British bluechips. US law firms have invested heavily in London in the last decade, taking prized partners from the domestic elite. Firms such as Kirkland & Ellis and Weil Gotshal [...]
Blue on blue: John Major to join anti-Brexiter Gina Miller’s prorogue battle against Boris Johnson August 30, 2019 Former Prime Minister John Major has pledged to join Remainer Gina Miller’s judicial review of Boris Johnson’s attempt to prorogue parliament in run up to Brexit. Major, a fierce critic of Brexit, will ask the High Court to join Miller’s existing review of Johnson’s decision to prorogue parliament for five weeks until 14 October. Court [...]
Scottish court rejects legal bid to halt Boris Johnson’s plot to prorogue parliament August 30, 2019 A Scottish court has rejected a bid from campaigners to stall Prime Minister Boris Johnson’s efforts to prorogue parliament until a full hearing is conducted next week. A group of MPs and peers from various parties joined forces to file a petition at Scotland’s highest civil court earlier this summer to prevent Johnson being able [...]
City Moves for 16 August – Who’s switching jobs at Matterport, the Portman Estate and Eversheds Sutherland? August 16, 2019 Today’s City Moves includes Matterport, the Portman Estate and Eversheds Sutherland. Matterport Matterport, a leader in 3D capture technology and data, has expanded its UK team with five key hires, including Nick Samuels (pictured) as strategic operational director. The growing team will support Matterport’s strategic expansion across Europe. Nick joins from property investment company Property [...]