LoopUp shares fall 35 per cent as return to the office scuppers stay at home stocks February 15, 2022 Lockdown darling LoopUp proved the return to the office was in full swing yesterday, after reporting a lacklustre trading update which sent shares plummeting by more than 35 per cent. Despite reporting a 60 per cent drop in revenue from 2020 levels, the conferencing software firm sought to reassure investors, saying the drop was “in [...]
Former Post Office call for former chiefs to face prison time following Horizon scandal February 15, 2022 Former Post Office sub-postmasters and mistresses have called for former bosses to face prison time as they continue to provide evidence for the public inquiry on the Horizon scandal, which started this week. More than 700 branch managers were given criminal convictions between 2000 and 2014 when faulty accounting software called Horizon made it look [...]
Majority of UK’s biggest law firms are currently hiring new lawyers, as battle for talent rages on February 15, 2022 Most of the UK’s biggest law firms, with annual turnovers of more than £500m, are now actively hiring more lawyers, as they seek to capitalise on booming demand for legal services, according to a poll of more than 200 law firm partners. Polling from privately-owned litigation funder Harbour shows that 60 per cent of law [...]
Glencore hails ‘extraordinary’ year as earnings top $21bn February 15, 2022 Glencore boss Gary Nagle hailed 2021 an “extraordinary” year for the miner today as the group reported an 84 per cent surge in earnings driven by record surges in global commodity prices.
City Moves: Who’s switching jobs in the Square Mile this week? February 15, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Tate & Lyle Tate & Lyle appointed a food industry veteran as its new chief financial officer, who will also be posted to the board. Stepping into the role in mid-May, Dawn Allen joins from US food manufacturer Mars, Incorporated where she has been [...]
Former UK ambassador in Nepal found dead in forest while working on Govt Covid task force February 14, 2022 Britain’s former ambassador in Nepal was found dead in a forest vanished from his home after suffering extreme stress while working for the Government’s Covid taskforce at the height of the pandemic, an inquest has heard. Richard Morris worked long hours under high pressure, helping co-ordinate briefings to ministers at a time when the UK [...]
Public inquiry begins into Post Office scandal that saw 700 managers face criminal convictions February 14, 2022 Former Post Office sub-postmasters and mistresses started giving evidence as part of a public inquiry on the Horizon scandal today. It comes after more than 700 branch managers were given criminal convictions between 2000 and 2014 when faulty accounting software called Horizon made it look as if money was missing. The system, developed by the [...]
Redcentric looks forward after FCA prosecutes former finance chief for misleading investors February 14, 2022 IT services provider Redcentric has said it hopes to move on following the prosecution of a former top dog for misleading investors. A case led by the financial regulator culminated in the company’s former chief financial officer, Timothy Coleman, being found guilty of four charges relating to the making of false and misleading statements to [...]
UK legal sector post record turnovers on back of M&A boom February 13, 2022 The UK’s legal sector has posted its largest turnovers ever, on the back of booming demand for legal services, according to figures from the Office for National Statistics (ONS). In 2021, the UK’s law firms generated £41.58bn in revenues, compared to annual turnovers of £36.78bn in 2020, figures from the UK government’s ONS show. The [...]
Mayor of London says new Met chief must have ‘robust plan’ to fix police culture February 13, 2022 London’s Mayor Sadiq Khan has said the new Metropolitan Police chief must have a “robust plan” to deal with the police’s “cultural problems”, following the departure of Dame Cressida Dick on Thursday. Dick resigned over Mr Khan’s lack of confidence in her plans for reform, giving her “no choice” by the leave the post, as [...]