Shell CEO dismisses calls for windfall tax to reduce household energy bills February 3, 2022 Shell's chief executive Ben van Beurden has pushed back against rising calls for a windfall levy to ease the burden on energy consumers.
Bank of England hikes rates at successive meetings for first time since 2004 February 3, 2022 The Bank of England today flexed its inflation fighting muscles and hiked interest rates at successive meetings for the first time since 2004. A majority of the Bank’s committee of rate setters voted to lift rates 25 basis points to 0.5 per cent. The consecutive rate hikes mark a sharp policy shift from Threadneedle Street [...]
Privately-educated lawyers fill top ranks of UK’s corporate law firms, figures show February 3, 2022 Privately educated lawyers are much more likely to become partners in Britain’s biggest corporate law firms, than their state-educated counterparts, according to new figures from the Solicitors Regulation Authority (SRA). The figures show that one-third (33 per cent) of lawyers working in corporate law firms went to private school, compared to just 13 per cent [...]
Private equity market soars as dealmakers shrug off uncertainty February 3, 2022 Private equity dealmaking in the UK soared to record levels last year as dealmakers shrugged off pandemic and Brexit uncertainty, new data has revealed today.
Australia’s richest man files lawsuit against Facebook over scam ads February 3, 2022 Facebook is in hot water once again after an Australian billionaire launched legal proceedings against parent company Meta. Iron ore magnate Andrew Forrest today confirmed the launch of criminal proceedings against Meta in an Australian court, alleging that it breached anti-money laundering laws and let its platform be used to scam Australians. The Fortescue metals [...]
As Johnson and Starmer dance to the same tune, politics will look for an outsider February 3, 2022 THIS week, the Labour leader Sir Keir Starmer has invoked Margaret Thatcher in an effort to skewer Boris Johnson for ignoring Covid rules and attacked the Prime Minister for presiding over a policy of “low growth and high taxes”. It’s a strong position for Starmer to be in, as support for Johnson groans under the [...]
The rise of the crypto lawyer – Glaisyers strikes deal with specialist crypto firm February 2, 2022 Commercial law firm Glaisyers ETL has struck a deal with a Stockport based law firm that specializes in recovering stolen crypto assets, amid a rise in scams and fraud linked to cryptocurrencies. Glaisyers’ investment in Wealth Recovery Solicitors (WRS) has seen the specialist crypto law firm move from their former headquarters in Stockport to [...]
Starmer ramps up attacks on ‘high tax’ Boris Johnson and Rishi Sunak February 2, 2022 Sir Keir Starmer has renewed attacks on Boris Johnson for overseeing a series of tax rises, saying that the Prime Minister is targeting “working people” as inflation soars. The Labour leader today said Johnson and chancellor Rishi Sunak were like a “Tory Thelma and Louise, hand-in-hand as they drive the country off the cliff and [...]
Total Energies teams up with Chinese oiler to invest $10bn in Uganda and Tanzania February 2, 2022 Total Energies and CNOC have brokered a deal with Uganda and Tanzania to invest more than $10bn in developing crude oil production in East Africa.
It’s a myth that ETFs are eating the world February 2, 2022 ‘Software is eating the world’: so wrote the US venture capitalist Marc Andreessen back in 2011. From today’s perspective, with companies like Alphabet, Microsoft and Meta dominating the stock markets, Andreessen’s observation seems to have held up. Had BlackRock chief executive Larry Fink made similar comments about exchange-traded funds (ETFs) 11 years ago, he likewise [...]