London Stock

Pound jumps as Bank of England hints at rate rise

The Bank of England has said that higher inflation and a pick up in growth could lead to a rate hike in “the coming months”.

Members of the Bank’s nine-strong Monetary Policy Committee voted 7-2 to keep interest rates on hold at 0.25%. Read more

Tehran

Gide launches Iran offering through Gibson Dunn hire

French firm Gide has opened an office in Iran, joining a small handful of international firms to launch in the region.

The office in Tehran will be led by former Gibson Dunn & Crutcher regulatory counsel Mehrnoosh Aryanpour. She joined the French firm as a partner in January ahead of its Iran launch. Read more

Pinsent Masons NEWS

Pinsent Masons Launches Redundancy Consultation

Pinsent Masons has kicked off a redundancy consultation that puts all of its UK legal personal assistants (PA) at risk, with up to 100 jobs set to go.

The consultation was announced last week and is set to be completed by the end of November. Read more

phone with whatsapp

WhatsApp Business app a reality now; to bring businesses closer to people

WhatsApp has announced what many deemed impossible once, a dedicated business app for companies and enterprises. Though in a pilot stage, WhatsApp aims to bring businesses closer to their consumers with the instant messaging platform. Read more

construction in the united kingdom

UK construction slumps to lowest in 2017 as real estate projects are delayed in Brexit run-up

UK construction slumps to lowest in 2017 as real estate projects are delayed in Brexit run-up.

Activity among Britain’s builders slumped to its lowest in a year in August as firms delayed projects in the run-up to Brexit according to the latest survey snapshot of the sector. Read more

london tower bridge and skyline

London reveals 80%+ retention rates

City firms have begun to release retention rates for the autumn cohort of trainees, with many posting figures in excess of 80% – a significant indicator of health in the sector.

Slaughter and May leads the way in the magic circle so far. It has taken on 29 of 32 trainees (90%). Allen & Overy had 47 trainees and made offers to 41, of who 40 accepted (85%). Linklaters took on 47 of its 56-strong group (84%). Read more