Business/Consumer Services
- Finance
Finance bosses warn of more job moves as Brexit exodus ‘picks back up’
Around half of senior finance executives polled by Big Four accountancy EY expected Brexit to drive more jobs out of…
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Trump plans Spac for social media firm
Former President Donald Trump unveiled a new digital-media venture 20 October and said it would go public by merging with a…
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Why PayPal may be considering a mega-deal for Pinterest
PayPal Holdings Inc.’s quest to become a “super-app” may be kicking into a new gear following reports that the company…
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IBM stock drops 5% after revenue miss, in-line earnings
International Business Machines Corp. shares fell in the extended session Wednesday after the company’s revenue fell short of Wall Street expectations…
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Goldman Sachs more than doubles first-year banker bonuses to £64,500 amid junior burnout crisis
Junior banker bonuses in London have surged by 60% this year as firms have moved to stem an exodus of…
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UK gears up for Covid winter as new drugs secured
The UK agreed to purchase two new treatments to combat Covid-19 as it faces pressure to avoid another wave of the…
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Meet the ‘diva of divorce’ Ayesha Vardag, who charges her super-rich clients £1,200 an hour
“I’ve for a very long time been the most expensive divorce lawyer in London,” Ayesha Vardag says from her plush wood-panelled office…
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Kirkland raiding Freshfields’ stars ushers in new era for private equity team
Kirkland & Ellis’s hire of two rising stars from Freshfields last week marks a changing of the guard in the…
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Zopa gains unicorn status as SoftBank leads $300m funding round
British digital bank Zopa is now a billion-dollar company, gaining the coveted unicorn title after raising $300m from major Japanese technology…
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Advertising watchdog orders buy-now-pay-later firm to remove ads ahead of Treasury crackdown
The UK advertising watchdog has told a buy-now-pay-later credit firm to pull down adverts that don’t explain to consumers that its…
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Lawyers warn of legal risks as Goldman, JPMorgan relax Covid safety in offices
Lawyers warn that City firms that opt to scrap social distancing requirements in the workplace could face a surge in employment…
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Ex-Linklaters managing partner Gideon Moore on life after the Magic Circle
When Linklaters managing partner Gideon Moore recorded a video to the firm announcing his departure earlier this year, he ended by…
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Here’s what’s in Democrats’ big social-spending bill — for now
Negotiations continue among Democratic moderates and progressives over President Joe Biden’s “Build Back Better” plan, a sweeping proposal targeting “human…
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FCA chair Charles Randell resigns in shock move amid staff morale crisis
The chair of the Financial Conduct Authority has resigned, amid a period of turmoil at the UK’s markets regulator. Charles…
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Investment advisers ‘extremely skeptical’ about first U.S. bitcoin ETF: ‘It’s a hard thing for RIAs to recommend an inferior’ crypto product
Happy Sunday! Welcome to the penultimate installment of Need to Know Crypto Edition, ahead of the launch of a new…
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Oct. 15 is the final deadline to file a 2020 tax return — here’s how to avoid leaving money on the table
A topsy turvy tax season, replete with a payment deadline extension and mid-stream tax code changes, is coming to an…
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Freshfields introduces paid leave for pregnancy loss
Freshfields Bruckhaus Deringer has introduced a paid leave policy for UK staff and their partners who have been affected by…
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Inflation rises at 5.4% yearly pace in September, CPI shows, and stays at 30-year high
The numbers: Yet another increase in the cost of living in September kept the rate of U.S. inflation at a…
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KPMG slammed by watchdog for ‘untruthful defence’ in Silentnight tribunal
KPMG has been criticised by the audit watchdog for putting forward an “untruthful defence” in a misconduct hearing related to…
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These 10 innovative trends will be ‘game changers’ for society. Here are the stocks that will benefit.
Wall Street is wobbling as we close in on earnings season, which begins in earnest tomorrow. Barring supply-chain woes and…
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Small businesses frustrated by labor shortages afflicting the economy, NFIB finds
Small-business owners say they have plenty of customers, but in a worrying sign for the U.S. economy, they are growing…
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Energy stocks have perked up — here are Wall Street’s favorite sector plays
Energy stocks have strengthened over the past month, but they curiously still trail the remarkable increase in oil prices. Even…
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European Spac market thaws with £125m Disruptive Capital listing
A £125m blank-cheque company listing in Amsterdam is unfreezing the European Spac IPO market, which has not seen a deal since July…
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‘You needed to be seen as a slave to the clock’ — deal boom breaks down law firm taboos
Demand from law firms for recruits amid an ongoing deal boom is increasing junior lawyers’ ability to question prospective firms…
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Clifford Chance’s Melissa Fogarty: ‘There are far too few female and minority partners’
Female and minority lawyers are still being held back from rising to the top of leading law firms, according to…
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Private equity firms hike junior pay by 50% amid banker burnout crisis
Pay for junior private equity professionals in Europe has swelled by 52% over the past two years, showing the growing…
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Alantra poaches five dealmakers as European hiring spree continues
Mid-market investment bank Alantra has poached five senior investment bankers for its European operation, the latest recruits in a hiring…
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Deloitte under investigation for Essar Oil audit
Deloitte is reportedly being investigated in connection with its auditing of refinery company Essar Oil UK. Deloitte resigned as the…
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Market-makers take on the banks in PR battle over trading reforms
When an industry lobby group starts a public relations campaign, the cynical observer instinctively asks: Why? Why now? Do they have…
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These Stocks Raised Their Dividends Last Week
Honeywell, Starbucks, and CenterPoint Energy all raised dividends last week in a light stretch for such actions. NICOLAS ASFOURI/AFP/Getty Images…
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Biden, Pelosi keep pushing on infrastructure bill, as analysts still expect it will get signed into law this year
While the U.S. House has failed to advance a $1 trillion bipartisan infrastructure bill, the long-awaited measure is likely to…
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Open Banking boss quits over bullying and sexism allegations
The head of the UK’s open banking oversight organisation is stepping down after an investigation found a culture of bullying, intimidation…
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Lawmakers push Google, Facebook, eBay and Amazon to disclose fees they get to host investment scams
Lawmakers are asking tech giants including Google and Facebook to come clean on how much they are being paid to…
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Pelosi scraps Thursday’s House vote on infrastructure bill as Democrats can’t reach agreement
Speaker Nancy Pelosi late Thursday called off a planned vote in the U.S. House of Representatives on a $1 trillion…
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Third-quarter earnings were fantastic — until you peek below the surface
The third-quarter earnings season that’s currently winding down has seen S&P 500 companies generate overall per-share earnings growth of more…
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KPMG goes to High Court over Patisserie Valerie administration dispute
KPMG is set to take a dispute over its role in the administration of failed café chain Patisserie Valerie to…
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DLA Piper debt capital markets partner elected City’s next Lord Mayor
DLA Piper partner Vincent Keaveny has officially been elected as the City of London’s 693rd Lord Mayor. Keaveny will succeed Lord…
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Freshfields poaches top dealmaker from Cravath
Freshfields Bruckhaus Deringer is poaching a top dealmaker from Cravath, Swaine & Moore, the latest offensive in a talent war…
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U.S. consumer confidence slumps to 7-month low on delta and inflation worries
The numbers: Confidence in the economy slumped in September to a seven-month low owing to the fast spread of delta…
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Woodford investors edge closer to court action with administrator
A law firm representing more than 11,000 investors in Neil Woodford’s former flagship investment fund has begun court proceedings against…
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Slaughter and May appoints deal lawyer as next senior partner
Magic Circle firm Slaughter and May has elected deal lawyer Roland Turnill as its next senior partner. It is the…
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Spotify Kicks Off Campaign to Win More Advertisers
Spotify Technology SA began its first global brand campaign designed to court marketers as the audiostreaming giant tries to expand…
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Boeing boosts U.S. durable-goods orders, but shortages still a drag on the economy
The numbers: The increase in flying and rebound at Boeing gave a boost to durable-goods orders in August, but ongoing…
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Grant Thornton fined £4m for audit failure at Patisserie Valerie
Grant Thornton has been fined £4m and severely reprimanded by the audit watchdog for failing to spot allegedly fraudulent accounting…
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Linklaters hikes junior salaries to £107,500 to leapfrog Magic Circle rivals
Linklaters has hiked salaries for its newly qualified lawyers to £107,500, pulling away from its Magic Circle rivals in the pay…
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Cyber Ninjas putative audit of Maricopa County election results widens Biden margin over Trump: reports
PHOENIX (AP) — Ten months after Donald Trump lost his 2020 re-election bid in Arizona, supporters hired by Arizona Senate…
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Boston, AlixPartners consultants poached by Ankura in UK restructuring push
US consulting firm Ankura has hired a string of heavyweight practitioners to make a push into the UK restructuring market.…
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Evergrande got a clean bill of health from PwC despite heavy debt
Last year as China Evergrande’s stock and bond prices seesawed, it offered deep discounts to keep sales growing during the pandemic and the government…
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‘The era of sub-3% mortgage rates may be behind us’: The Fed’s policy shift could have major repercussions for home buyers
As the Federal Reserve looks to curb high levels of inflation, its next moves are set to have a big…
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Slaughter and May elects first female leader
Partners at Slaughter and May have elected their former disputes head as the firm’s first female leader. Deborah Finkler has…
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