National Numeracy Day is needed to help improve the UK’s maths skills March 28, 2018 Many adults in the UK, through no fault of their own, don’t have the numeracy skills needed in everyday work and life. Less than half (49 per cent) of UK working-age adults currently possess the numeracy levels expected of primary school children. This is having a significant impact on their happiness and their day-to-day lives. [...]
Clifford Chance breaks ranks with magic circle to include partners in its gender pay gap figures March 27, 2018 Clifford Chance has included its partner pay in its gender pay gap report, the first magic circle law firm to do so. The firm revealed today that it had a mean hourly pay gap of 66.3 per cent, falling to 27.3 per cent in its partnership ranks, 27.7 per cent among its business services staff [...]
Revealed: David Davis flies RAF class, defence minister gets £1,000 pearl necklace and Theresa May has to buy her own gift back March 23, 2018 Brexit secretary David Davis has been flying to Brussels and other European cities using RAF aircraft, costing thousands of pounds a go, while department colleagues use Eurostar. This was one of a number of details published in today’s transparency data, which has also revealed that a defence minister was handed a £1,000 pearl necklace, while [...]
Legal ranking firm Chambers and Partners scooped up by Virgin Experience Days owner Inflexion March 20, 2018 Legal rankings business Chambers and Partners came top of Inflexion's books today, as the private equity firm announced it had bought the business for an undisclosed price. Founded in 1990, Chambers is used by corporates to help them choose legal advisers and by law firms to help select individual lawyers to hire. City A.M. understands [...]
KPMG appointed to handle Mothercare refinancing March 20, 2018 Mothercare has called in KPMG to advise on a refinancing of the business, City A.M. can reveal. The retail chain is in talks with its lenders about raising money for a turnaround and has drafted in KPMG to advise on securing waivers to its financial covenants. Mothercare's share price fell by more than 10 per [...]
House prices continue to fall in London, with experts predicting muted growth until 2022 March 19, 2018 London house prices continued to fall last month as the capital's housing market cooled, with experts predicting price growth to remain subdued until 2022. Asking prices fell by 0.6 per cent year-on-year this month, according to figures published today by Rightmove. The average price for a property in London was £631,651. Read more: London house [...]
Carillion finance chiefs investigated by top accounting regulator the Financial Reporting Council March 19, 2018 Britain’s top accounting regulator has launched a probe into the actions of two of Carillion’s former finance chiefs. In a widely expected move, Richard Adam and Zafar Khan are being investigated by the Financial Reporting Council (FRC). Carillion’s 2014, 2015 and 2016 annual accounts are to be probed as well as its figures for the [...]
Michael Spencer’s Nex Group could attract attention from rival exchanges following confirmation of CME bid March 18, 2018 CME’s pursuit of Nex Group could be derailed by rival exchanges, analysts have said. The London exchange founded by City titan Michael Spencer could attract interest from rival exchanges around the world. Potential rivals could include the London Stock Exchange (LSE), Singapore Exchange (SGX), Frankfurt’s Deutsche Boerse and New York Stock Exchange owner Intercontinental Exchange [...]
AJ Bell lines up £500m London float and appoints Numis, KPMG and Pinsent Masons as advisers March 11, 2018 Broker and investment platform operator AJ Bell has appointed advisers to explore an initial public offering (IPO) on the London Stock Exchange which is expected to value the company at £500m. The float would include a retail share offer available exclusively to AJ Bell’s customers and is set to take place in late 2018 or [...]
Broker AJ Bell aiming for £500m London IPO March 11, 2018 Broker and investment platform operator AJ Bell has appointed advisers to explore an initial public offering (IPO) on the London Stock Exchange which is expected to value the company at £500m. The float would include a retail share offer available exclusively to AJ Bell’s customers and is set to take place in late 2018 or [...]