UK listed firms must have at least one woman in a senior position, City watchdog says April 20, 2022 The boards of UK listed companies should employ at least one non-white board member and one woman in a senior role, according to new diversity targets put forward by the Financial Conduct Authority (FCA). Two-fifths of board members should be women, and at least one senior board position – including chief executive, chair, or chief [...]
T.M. Lewin faces legal battle after workers win £439,000 employment lawsuit against collapsed firm April 19, 2022 Clothing retailer T.M. Lewin faces a lengthy legal battle over claims it was required to consult employees before firing them, after an employment tribunal told it to pay out a total of £439,000 to more than 100 of its former staff, lawyers have said. The comments come after an employment tribunal ruled that T.M. Lewin [...]
Crown Court backlog is shrinking at a ‘glacial pace’, Law Society says April 19, 2022 The Law Society has slammed the government for its failures to tackle the Crown Court backlog, after claiming the pile-up of cases is “shrinking at a glacial pace”. Law Society president I. Stephanie Boyce hit out at the Ministry of Justice (MoJ) after new figures showed there are still 58,450 Crown Court cases waiting to [...]
Insurance sector launches hiring spree amid surge in flooding and Covid linked claims April 19, 2022 Vacancies for jobs in the insurance sector hit record highs at the start of 2022 on the back of a surge in claims linked to flooding and Covid-19. The UK’s biggest insurance companies posted more job ads in January than in any other month since the start of 2019, a new report from Vacancysoft shows. [...]
Pinsent Masons enters City bidding war after boosting pay for new lawyers to £92k April 19, 2022 Pinsent Masons has given newly qualified (NQ) lawyers working in its London offices a 22.6 per cent pay rise, in upping their salaries to £92,000 a year. The commercial law firm entered the fray by hiking pay for its freshly trained lawyers from £75,000 to £92,000 a year. NQs working in its regional UK [...]
Commuter belt office space surges in popularity as workers flex hybrid options April 19, 2022 The commuter belt has become the new worker hub as people opt for co-working spaces rather than longer commutes. New data from office space provider IWG, which manages brands Regus and Spaces, found that there was a 91 per cent rise in attendance in Maidenhead in March compared with the month before. Meanwhile, homely towns like Hemel Hempstead [...]
Talent wars: New City bankers rake in £63k before bonus April 17, 2022 Entry level banking analysts can now expect a base salary of £63,000 before bonus as the City continue to drive up pack packets for new joiners. According to a report from professional services recruiter Dartmouth and as reported by the Telegraph, this is a jump of more than a quarter on last year figures. Whilst [...]
High Court bans man from suing people after he files £33.3 quadrillion claim April 13, 2022 The High Court has banned a man from suing people, after he tried to sue someone for more gold than has ever been mined in history. The court said serial litigator Sayed Sangamneheri should not be allowed to file anymore claims for the next two years, after he sought to claim £33.3 quadrillion. After the [...]
High Court judge calls for cap on divorce costs as Siberian supermarket exec racks up £8m in fees April 13, 2022 A High Court judge has called on the government to put a cap on the cost of getting a divorce, in commenting on a protracted legal battle between a Siberian supermarket executive and her homemaker husband. Mr Justice Mostyn decried the “apocalyptic” state of affairs, that has seen a couple rack up £5.4m in costs, [...]
Final battle in WAGs war begins as Rebekah Vardy’s libel trial against Coleen Rooney heads for climax April 13, 2022 London’s High Court heard this afternoon that footballer’s wife Rebekah Vardy “has nothing to hide” ahead of her upcoming libel trial against Coleen Rooney. Mrs Rooney accused Mrs Vardy of leaking “false stories” about her private life to the media in October 2019 after carrying out a months-long “sting operation”. The wife of former England [...]
