Broker WH Ireland reports loss but notes ‘tentative’ signs of improvement in London’s IPO market December 27, 2023 Phillip Wale, WH Ireland's chief blamed the "well documented challenging market backdrop" for the company's performance.
Is a Universal theme park heading for Bedfordshire? December 25, 2023 Universal Studios has told of “potential” plans to build its first UK theme park in a letter to residents in Bedfordshire.
Shell vs. BP, which will have the better 2024? December 25, 2023 Both oil majors are facing crucial periods of scrutiny as spotlights return to net zero targets
McKinsey defers partners’ bonuses as dealmaking dries up December 24, 2023 Partners at management consultancy McKinsey have reportedly voted to defer part of their bonuses as the company sees a slowdown in demand for its services amid a slump in corporate deals.
Will BP and Shell be able to close the gap with US peers Exxon and Chevron in 2024? December 23, 2023 ExxonMobil boasts the second largest oil company market cap in the world
UK must promote English law brand as more contracts drawn up in Europe, City lawyers warn December 22, 2023 More must be done to promote the “brand of English law”, City Lawyers have warned, following concerns that major corporate contracts are being written up under laws in other European nations.
UK fraud office faces hefty bill after court finds wrongdoing led to ENRC bribery probe December 21, 2023 The Serious Fraud Office (SFO) faces a hefty multi-million pound bill after the High Court ruled today that the agency would not have opened an investigation into a Kazakh mining firm but for the wrongdoing of its officers.
KKR facing fightback against £1.3bn Smart Metering Systems bid December 21, 2023 The founders of energy infrastructure firm Smart Metering Systems have mounted a fight back against a takeover by KKR today on the grounds the £1.3bn bid undervalues the firm.
Wall Street slams the brakes for a rare slowdown following record-setting rally December 21, 2023 Wall Street hit the brakes on its big rally on Wednesday after disappointing profit reports from companies and warnings that the market had simply gone too far, too fast. The S&P 500 slumped 1.5 per cent for its worst loss since beginning a monster-sized rally shortly before Halloween. The Dow Jones Industrial Average dropped 475 [...]
Private equity firms line up London lawyers ahead of deals frenzy December 21, 2023 Private equity firms are predicting a busy first two months of deals next year - they're hiring lawyers and advisers now to get ahead of the game.