Law and business: commercial news round-up 11.02.16
updated on 11 February 2016
As the country emerges from Storm Imogen to find itself bathed in glorious sunshine, the day feels full of possibility – why not harness that energy to improve your understanding of the commercial world? Read on for a selection of headline-grabbing news stories:
- Is it another economic Armageddon? Credit Suisse plans to cut 4,000 jobs as it reports its first annual loss since 2008 – coming in at a staggering £1.65 billion.
- Another company that’s down in the dumps is LinkedIn, which suffered a 26% share price drop when it predicted lower profits for first quarter of 2016 than expected. At the same time, Twitter is said to have run into trouble – apparently, the two things are not unrelated…
- The biggest construction project in the United Kingdom since the 2012 Olympics opened for business; the Shetland Gas Plant, operated by Total, is said to be able to supply energy to 2 million homes.
- India has overtaken China as the world’s fastest growing major economy, measured by GDP – India measured 7.3% expansion for the last quarter of 2015, compared to China’s 6.9%.
- Addleshaw Goddard is advising Manchester Airports Group on a massive £1 billion construction project that will transform Manchester Airport.
- In something of an embarrassing backtrack, HSBC has agreed to unfreeze 2016 pay levels and will instead take the necessary funds from the senior execs bonus pool.
Be sure to check the News section every Thursday for this weekly commercial news round-up. Follow @LawCareersNetUK on Twitter and like us on Facebook for instant business news updates.
