Barclays, Ruby Wax and mental health: How the banking giant is tackling stress in the City May 16, 2019 Square Mile careers are stereotypically fuelled by mantras such as "work-hard, play-hard", achieving "inbox zero", "surviving the rat race". All are excuses for raising your tolerance to stress. As a result the career pathways of the City are often littered with burned-out workers. Read more: Wellbeing should be top of the business agenda Unsurprising, stress [...]
Brexit will not impact the ability of companies to raise debt, survey says April 15, 2019 Brexit is not a big concern for companies when it comes to their ability to raise debt, a survey published today showed. A survey of senior treasury and finance executives at Ftse 250 companies showed 74 per cent did not think Brexit would have an impact on their ability to raise debt. One Ftse 100 [...]
City Moves for 15 April 2019 – Who’s switching jobs at Herbert Smith Freehills, Trussle and Osborne Clarke? April 15, 2019 Today's City Moves includes Herbert Smith Freehills, Trussle and Osborne Clarke. Herbert Smith Freehills Herbert Smith Freehills partner Chris Bushell has been elected as the new vice-president of The London Solicitors Litigation Association (LSLA). Chris, who is also the organisation’s membership secretary, is a former member of the Junior LSLA Committee and has been actively [...]
Ted Baker concludes review into former boss’ behaviour as it appoints new CEO April 11, 2019 Ted Baker has concluded its investigation into allegations against former chief executive Ray Kelvin as it appointed a new head of the company today. Read more: Ted Baker CEO resigns in the wake of misconduct allegations The UK fashion brand did not comment on the review's findings on Kelvin's behaviour, who denies accusations of misconduct stemming from [...]
Ted Baker chief executive Ray Kelvin resigns following misconduct allegations March 4, 2019 Ted Baker chief executive Ray Kelvin resigned with immediate effect on Monday morning following allegations of harassment late last year. Kelvin has denied all allegations, including claims the chief executive and founder harassed female staff members with "forced hugs" and unwanted attention. His resignation follows a period of voluntary leave since the start of December when the [...]
Under-fire Ted Baker issues profit warning as shares plunge February 27, 2019 Ted Baker warned investors of a £10m hit to profits for its full year this morning, blaming a series of unexpected blows to its bottom line. Profit before tax for the year to the end of January is now expected to fall in the region of £63m, sending shares crashing 13 per cent to 1,734p. [...]
Ted Baker posts Christmas sales rise despite chairman harassment investigation January 9, 2019 Ted Baker today reported double-digit sales growth over the festive period as it proved resilient to retail fears and an investigation into its founder. The fashion brand said retail sales increased by 12.2 per cent in the five weeks to 5 January compared to the same period last year. The growth was spurred on by [...]
Could the UK be on the brink of a US-style class action explosion? December 16, 2018 The Royal Bank of Scotland, Lloyds Banking Group, Tesco, Google and Mastercard. These are just a handful of the household names that have been targeted in group action lawsuits in the UK with billions of pounds at stake. The UK, unlike the US or Australia, does not have a long history of class action-style lawsuits, [...]
Ted Baker appoints law firm Herbert Smith Freehills to probe hugging claims December 6, 2018 Fashion chain Ted Baker said this morning it has appointed law firm Herbert Smith Freehills (HSF) to investigate claims of forced hugging by its boss Ray Kelvin. The Ftse 250 chain’s shares have been battered since the news emerged that the fashion retailer has launched an internal investigation into harassment claims. In a trading update [...]
Court short: Will Brexit loosen the UK’s legal grip? December 2, 2018 Last Thursday, Russian oligarch Oleg Deripaska squared off against a fellow Russian businessman Vladimir Chernukhin in court 15 of London’s Rolls Building, while in court 28 two Romanian oil companies went toe-to-toe, and in Court 19 a Russian bank litigated against some of its former shareholders. London has developed into a pre-eminent international dispute resolution [...]