THG woes continue after Moulding’s mother rides to his defence January 24, 2022 Shares in embattled e-commerce group THG plummeted today after Citi Bank downgraded its profit guidance for the firm and it was revealed that boss Matt Moulding’s mother rounded on a journalist in defence of her son’s achievements.
Getir to create 6,000 more jobs as UK expansion gains pace January 24, 2022 Rapid grocery delivery firm Getir has announced plans to create 6,000 fresh jobs in the UK this year as it continues its national rollout. The start-up currently has 4,000 staff across the UK after expanding rapidly since it launched in London at the start of last year. Getir said its new recruits will be hired [...]
Morrisons denies that hunt has started for new CEO after private equity takeover January 24, 2022 Sources close to Morrisons have denied that the supermarket has started the hunt for a new chief executive in the wake of its £7bn takeover last year. The private equity firm behind the supermarket, Clayton, Dubilier & Rice (CD&R), was reported to have started looking for someone to replace David Potts. The Sunday Times newspaper [...]
Activist investor Trian takes stake in Unilever as pressure builds on Alan Jope January 23, 2022 Activist hedge fund Trian Partners has reportedly taken a stake in Unilever as investors continue to pile pressure on beleaguered boss Alan Jope.
Forbes 30 under 30 data shows London is the best city in the world to be a young entrepreneur January 23, 2022 Using the Forbes 30 Under 30 lists from Europe, North America, Russia, Asia and Africa, London has been named as the best city in the world to be a young entrepreneur. Despite North America being by far the most popular in providing Forbes Under 30 candidates, London is the most popular city for young entrepreneurs [...]
Brexit: Finland, Luxembourg, Portugal and Greece are exploiting Brexit as UK exporters are being ‘replaced’ January 23, 2022 Smaller EU countries are benefitting from Britain’s departure from the European Union. This is largely because they fill up the Brexit exporters’ spots. In fact, this situation could reduce the UK’s exports to the EU by -7.73 per cent by 2025, according to new analysis shared with City A.M. this week. The top three countries [...]
Nation of hungry entrepreneurs: Two in three UK employees plan to launch their own business January 22, 2022 A record two in three British employees plan to start their own business at some point in the future, a jump of more than 10 per cent compared to a year ago, according to new data shared with City A.M. this morning. In fact, one in ten Brits don’t want to wait and plan to [...]
Amazon, NHS, Google, Tesco or Apple perhaps: These are the companies we want to work for the most January 22, 2022 As we all have differing dreams and ambitions, the organisation we want to work for can vary. S ome of us are motivated by working in sectors that offer the most financial gain, whereas others are interested in jobs that can make a real difference in the world. But is there a particular organisation that [...]
Four day working week reaches UK hospitality as iconic Landmark London hotel puts chefs on more pay for less time January 22, 2022 The Landmark London hotel has become the first major hospitality company in the UK to embrace the four day working week trend, telling City A.M. that its chefs will shave off one day a week from February without losing any of their pay. In fact, the five star Grand Dame hotel said its chefs will [...]
BrewDog boss accused of intimidating staff ahead of BBC doc on workplace culture claims January 21, 2022 BrewDog’s boss has been hit with allegations of intimidating former staff ahead of a documentary looking at claims of the brewery’s “toxic” workplace culture. The brewery has been trying to improve its image after ex-employees published an open letter claiming there was a workplace culture of bullying that negatively impacted staff mental health. The BBC [...]