Read all about it tomorrow - but here's the news on the stroke of the 1pm embargo. Allen & Overy has posted a rise in turnover of 11% for the first half of the financial year.

This translates to £582million in turnover, up from £526million for the same period last year. A cracking result given the f*cked global economy, and one which rather questions the firm's decision to send all its support staff to Belfast.

Other firms are posting similar hikes, although all are pessimistic about the coming six months - A&O pointed to concerns with the Eurozone debt crisis. At the time of writing Berlusconi is still clinging to power and the markets are as up and down as Dawn French's bathroom scales.

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All of this is extremely handy given that firms have to pay their (newly increased) partnership tax bill in January.


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