New articles
17 August 2022
China's central bank lowers interest rates
China's central bank lowers interest rates
By Jake Rickman
What do you need to know this week?
In a reminder that not all national economies are under the same kinds of strain, China slashed its interest rate from 2.85% to 2.75% (or 10bps). This marks a further divergence in the economies...
17 August 2022
Soaring energy prices threaten Britain's economic future
Soaring energy prices threaten Britain's economic future
By Jake Rickman
What do you need to know this week?
Last week, a British research firm estimated that by next year, the average annual cost of energy for UK households could feasibly exceed £5,000. Another recent estimate places the...
Mini Series: The Business of Law Firms - Making Sense of Equity on the Balance Sheet
By Jake Rickman
What do you need to know this week?
This is the eighth article in TCLA’s series on the Business of Law Firms.
Last week, we looked at how a balance sheet can be used to measure a firm’s...
10 August 2022
Institutional Capital Flees Buyout Funds
Institutional Capital Flees Buyout Funds
By Jake Rickman
What do you need to know this week?
The Financial Times published an alarming article on Monday reporting on the record rate at which institutional investors such as pension and sovereign wealth funds have been exiting their position...
10 August 2022
Bank of England's Independence
Bank of England's Independence
By Jake Rickman
What do you need to know this week?
Last week, Liz Truss, the current frontrunner in the Tory leadership bid to replace Boris Johnson as the nation’s prime minister, announced her intent to “review” the Bank of England’s “remit” should she win...
Mini Series: The Business of Law Firms - Balance Sheet Liquidity
By Jake Rickman
What do you need to know this week?
Welcome to the seventh article in our series on the Business of Law Firms.
Last week, we looked at the purpose of the balance sheet, which is to give a sense of a...
27 July 2022
GSK and Pfizer List Haleon
GSK and Pfizer List Haleon
By Jake Rickman
What do you need to know this week?
Last week marked the completion of one of the largest and most complex de-mergers in the history of the European public markets. Haleon plc, formerly a joint venture between two titans of the pharmaceutical and...
27 July 2022
Another Big Four Firm Fined (Again)
Another Big Four Firm Fined (Again)
By Jake Rickman
What do you need to know this week?
UK Regulators have given KPMG its largest fine to date for intentionally misleading the Financial Reporting Council (FRC) during its independent audits of previously troubled companies.
KPMG became...
Mini Series: The Business of Law Firms
Comparing Profit Margins
By Jake Rickman
Overview
Welcome to the fifth article in our series on the Business of Law Firms.
Last week, we looked at the overall purpose of the income statements and their usefulness in calculating a business's profit...