itim Group plans to float in London as Justin King joins board June 8, 2021 Itim Group plc has announced its intention to float on London’s AIM market, capitalising on structural shifts in the retail sector as coronavirus restrictions ease. The retail software as a service (SaaS) company is seeking to raise between £10 million and £12 million in an IPO. WH Ireland will act as sole broker and the [...]
Activist investor Cevian calls on Aviva to increase returns after building stake June 8, 2021 Activist investor Cevian Capital has called on Aviva to return £5bn in excess capital to shareholders after building a stake in the insurer. The Swedish investment firm today announced it holds 194,549,437 in Aviva, corresponding to around 4.95 per cent of the company’s total number of shares and votes. It makes the firm Aviva’s second-largest [...]
UK to see ’employment boom’ as lockdown restrictions ease June 8, 2021 Employers plan a huge recruitment drive, fuelled by the easing of lockdown restrictions, according to a new report out this morning.
AIM-listed medical firm’s shares jump after UK approves rapid Covid-19 test June 7, 2021 AIM-listed medical firm's shares jump after UK approves rapid Covid-19 test
Foxtons faces yet another investor revolt over executive pay and share price June 7, 2021 Hosking Partners, which owns 11.2 per cent of Foxtons, has called for “board-level change” at the estate agent over concerns about its share price and its bosses pay. Jeremy Hosking, the boss of Foxtons’ biggest investor, wrote to chairman Ian Barlow to outline his dissatisfaction, the Times first reported. Hosking expressed frustration about the [...]
Sir Martin Sorrell’s ad agency terminates office leases to go fully hybrid June 7, 2021 London-based S4 Capital, the advertising agency run by Sir Martin Sorrell, has terminated several office leases as staff are being encouraged to adopt fully flexible hybrid working practices. The advertising guru, who resigned from his previous firm WPP in 2018, said creativity is not being lost by the arrangements. “We always knew that our people, [...]
Scottish escape takes the crown as UK’s favourite driving getaway June 7, 2021 A spin around the distilleries of Speyside has taken the crown as the UK’s favourite driving route. A new survey has seen the Scottish spectacular narrowly pip the Lake District as Britain’s favourite driving route. Read more: Best of travel: Explore the highlands by plane with The Carnegie Club Coastal Devon took third spot in [...]
Avoiding the great resignation will require some creative thinking June 7, 2021 They’re calling it “The Great Resignation” – the fear of a tsunami of departures from City firms as battalions of workers change jobs post-pandemic. One survey suggested that as many as 40 per cent of employees are considering moving on in the next six to twelve months. Some say they just can’t stomach the anxiety [...]
Boris Johnson calls on G7 leaders to vaccinate the globe by end of 2022 June 6, 2021 Boris Johnson will urge world leaders at next week’s G7 summit in Cornwall to help vaccinate the entire globe against Covid-19 by the end of 2022. He said today that the world’s richest countries had to come together to end the coronavirus pandemic, adding that “vaccinating the world by the end of next year would [...]
Indian variant is ’40 per cent more transmissible’, Hancock says June 6, 2021 Matt Hancock has said he believes the Indian variant of Covid is 40 per cent more transmissible, but that the link between Covid cases and hospitalisations has been “severed”. The health secretary said it was “too early to make a final decision” on whether the 21 June shedding of Covid restrictions will go ahead. Hancock [...]