GDP falls sharply in October as UK economy recession fears re-ignite December 13, 2023 GDP fell 0.3 per cent in the month of October, reigniting fears that a wave of interest rate hikes have strangled UK growth.
EY set to close yet another legal arm of its business December 12, 2023 EY is shuttering its legal arm in Hong Kong in January, which makes it the second closure action the firm has taken against its legal services. On 23 January, the Big Four firm will close its Hong Kong law member firm, LC Lawyers, according to Bloomberg News. LC Lawyers advised on Hong Kong IPO and [...]
FRP Advisory profits soar due to uptick in restructuring activity December 12, 2023 Professional services firm FRP Advisory's revenue jumped 19 per cent in the first half of 2023 as its restructuring team was more active this year.
Wage growth cools slightly giving Bank of England space to hold interest rate December 12, 2023 Annual wages grew 7.3 per cent in the three months to the end of October, a slight fall on the month before and a figure which will give the Bank of England more freedom to hold interest rates later this week. The readout is slightly lower than consensus of 7.4 per cent and some way [...]
UK legal market sees revenue hit record level December 12, 2023 Revenue generated by legal activities in the UK hits its highest level in more than a decade, as the sector generated £43.7bn over 2022/23. In a new report by TheCityUK, much of the £43.7bn figure was generated by the top 100 UK law firms, who netted more than £33.7bn in 2022/23. This figure was up [...]
The Notebook: What I want for Christmas? Politicians to stop tweeting December 12, 2023 City A.M. comment writer Anna Moloney talks Twitter politics, crime at Christmas and Madonna's Celebration Tour.
Climate nerds to tech execs, how Cop28 became the new Davos December 12, 2023 From bad pick up lines from sustainable fashion founders to fossil fuel firms, Cop28 has become the summit to be seen, writes Robyn Scott
Here are the five partners on the ballot to be the next managing partner of A&O Shearman December 11, 2023 Allen & Overy will host an election for the firm’s next senior partner and managing partner in February, for a new senior team to take over post-merger.
UK’s waste-to-energy leader readies £800m carbon capture expansion December 11, 2023 The UK's largest waste-to-energy firm has announced it will invest £800m into the divisive area of carbon capture technology.
Hipgnosis: Embattled music fund announces sale of 20,000 more songs December 11, 2023 Embattled music fund Hipgnosis continued its bid to turn its fortunes around, with today the sale of an additional 20,000 songs for £18.4m. The sale represents one per cent of the music fund’s investment portfolio, consisting of “non-core” songs which “require time intensive, ongoing accounting and reporting obligations and do not all have perpetual ownership [...]