Fugitive Russian oligarch allowed to sell Belgravia mansion to pay £10m legal fees May 26, 2022 A High Court judge has said fugitive Russian banker Georgy Bedzhamov should be allowed to sell his £35m Belgravia mansion, to pay his lawyers £10m in legal fees. The High Court gave Bedzhamov the OK to sell his mansion on London’s ultra-expensive Belgrave Square, to pay £5m to Mishcon de Reya and a further £5m [...]
Exclusive: Unprecedented war for talent reflects a seismic shift in power on Britain’s hyper-aggressive job market May 26, 2022 Britain’s jobless rate has fallen to its lowest level for over 47 years. In fact, for the first time ever, there are fewer unemployed people than job vacancies. This is resulting in an unprecedented ‘war for talent’ and an unprecedented wave of pay hikes, but what does this actually look like for London’s business community? [...]
‘Mental health is something we should all be encouraged to prioritise’ May 26, 2022 Aneela Mather-Khan CA discusses how she overcame the experience of low mental health whilst working and studying, how the profession’s attitudes to mental health have changed and what firms can do to support the wellbeing of their employees. What was your experience of the CA training process? Having studied economics as a degree, accounting and [...]
No point in having a state of the art transport system if our people can’t afford it May 26, 2022 This is a good month for trains in London. The Elizabeth Line finally opened on Tuesday, mostly to acclaim for its engineering and speed. The Northern Line works through Bank, which made north-south travel painfully difficult, ended punctually a week earlier. It’s briefly easy to forget the storm clouds gathering over public transport in London [...]
The City View: Offshore Energies UK CEO on deleterious effects of a windfall tax May 25, 2022 Today Andy Silvester chats to Deirdre Michie, CEO at Offshore Energies UK. They unpick the windfall tax, the risk it poses for smaller energy firms and the sector in general, the state of the energy industry, and the seemingly lackadaisical speed of the energy transition. In other news: M&S is leaving its Russian franchise business, [...]
DfT urges union to go back to negotiating table following “disappointing” rail strike ballot May 25, 2022 The Department for Transport (DfT) has urged the RMT union to go back to the negotiating table after a strike was announced last night following a 34-day ballot. “Strikes should always be the last resort, not the first, so it is hugely disappointing and premature that the RMT is calling for industrial action before even [...]
Apple UK iOS economy supports 440,000 tech jobs across the country May 25, 2022 Apple announced that the UK iOS app economy has posted record growth in 2021, supporting more than 440,000 jobs. Not only is this a boost of 21 per cent compared to 2020 levels, but it also makes the makes the UK the leading provider of iOS app economy jobs in Europe. Indeed, the number of smaller UK [...]
We must uphold online competition at home, or we risk lagging behind the EU May 25, 2022 RIght now in the European Union, law-makers are putting the finishing touches on the Digital Markets Act – a landmark law which will upend big tech firms’ business models to improve competition online. In the UK, on the other hand, regulators, ministers and many lawmakers are frustrated. UK regulators are convinced dominant big tech firms [...]
The City View: Crossrail finally arrives May 24, 2022 Today Andy Silvester talks to Adam Tyndall, Programme Director for Connectivity at London First. They talk all things Crossrail — from the first idea of an East-West railway in the 19th century, to the funding behind the Elizabeth Line, and to the future of London’s transport system. And in other news — Shell’s AGM was [...]
Only a semiconductor revolution can save the flagging British automobile industry May 24, 2022 In 1974, a failing New Mexico calculator maker took a gamble. Laden with debt after a brutal price war and a botched IPO, Micro Instrumentation and Telemetry Systems decided to enter the microcomputer market. Its offering was the Altair 8800, the first commercially successful personal computer that would spark the microcomputer revolution. Inside each device [...]