Dubai-based engineering and consulting firm Sidara has submitted a fourth and “final” takeover proposal to Aberdeen-based rival John Wood Group. It announced on Wednesday that the new proposal valued FTSE …
May 2024
Pound Sterling climbs to it highest level against the euro since August 2022
The pound rose to its highest level against the euro in nearly two years as the European Central Bank (ECB) prepares to fire the starting gun on global interest rate …
Klarna changes share trade rules ahead of planned £16bn listing
Buy-now pay-later giant Klarna has reportedly ditched rights held by large shareholders to block smaller investors’ share trades as it gears up for a blockbuster public listing. The Swedish fintech …
Next stop £195,000? Another law firm hikes junior lawyer pay
Clifford Chance has become the latest magic circle firm to raise its newly-qualified (NQ) lawyer pay in a salary war that has no sign of slowing down. The elite firm …
Labour warned promise to clear NHS backlog ‘highly stretching’
Labour has been warned their pledge to clear the NHS backlog within five years will prove “highly stretching” and “no easy feat” by economists and policy experts. Sir Keir Starmer …
Solicitors set to pay for legal regulator’s mistakes as it sets out ‘excessive’ fee hikes
The Solicitors Regulation Authority (SRA) wants to increase law firm fees by 236 per cent in order to rebuild the sector’s compensation fund after it was significantly impacted over the …
The new first investment trust in a year just debuted – and it’s aiming for £500m
The first investment trust public listing in over a year has unveiled its initial public offering prospectus and is aiming to raise £500m. Special Opportunities REIT (real estate investment trust) …
Will it work? National service
It’s an election year. Politicians are giving us a barrage of policies. But we often forget to ask the most important question: will they actually work? In this column Sam …
Evening Standard to drop daily print schedule as losses bite
London’s Evening Standard has reportedly told staff it will now only go to print once a week, down from the five-days-a-week format the newspaper currently operates. In a memo to …
Funding Circle: Fintech to cut jobs in cost-cutting drive as finance chief steps down
Small business lender Funding Circle plans to cut around 120 jobs as part of efforts to reduce costs and boost its flagging share price. It also announced the departure of …