P&O’s owner DP World loses partner status at Solent freeport April 8, 2022 P&O Ferries’ owner DP World has lost its partner status in the Solent freeport project, ministers said. “On 28 March 2022 DP World resigned from the Solent freeport board and are no longer a partner in the freeport consortium,” levelling up minister Stephen Greenhalgh told the Guardian. DP World’s commercial director Aart Hille Ris Lambers [...]
Big Tech’s fast-and-dirty employment honeymoon is over as Amazon unionises April 8, 2022 COULD you imagine a better name for someone making their mark out of being the Little Guy than Chris Smalls? It’s a story ready-made for a Netflix series. So it’s curious its success has taken Amazon – the company borne out of peddling cheap books – by surprise. Smalls is the leader of the tech [...]
Pfizer bets on British drugmaker with $500m deal April 8, 2022 Pfizer has inked a $525m (£401m) deal with ReViral, after the pandemic paved the way for more acquisitions within pharma and biotech sectors. The famed Covid-19 vaccine maker is looking to improve its pipelines of treatments, with ReViral a specialist in drugs for respiratory viruses. It its Pfizer’s second large acquisition in just six months, [...]
LendInvest feels lift of buoyant housing market April 8, 2022 Fintech lender LendInvest has reported a boost in assets under management today as a buoyant housing market drives demand for its buy-to-let products.
Workers to stage walkouts over ‘dismal’ pay offers April 8, 2022 Thousands of UK workers are set to stage walkouts over the next few days over below-inflation pay offers. The Communication Workers Union (CWU) yesterday rejected BT’s 5 per cent pay rise – the highest in more than 20 years – calling it a “nothing short of an insult,” the Times first reported. “We have no [...]
Lucky strike: Hollywood Bowl hails record revenue as pent-up demand pays off April 8, 2022 The UK’s largest ten-pin bowling operator has hailed record first half revenues this year, as pent-up demand pays off. Hollywood Bowl raked in £91.3m in the six months to 31 March, up nearly 660 per cent in comparison with the £12m it pulled in the same period last year. Four of the top five months [...]
CMC reports income at top of guidance after stellar performance in fourth quarter April 8, 2022 Online trading platform CMC expects its net operating income to be at the top of guidance following a stellar performance in the fourth quarter of FY22. In the three months ended 31 March, the group’s net operating income will be around £280m, while gross leveraged client income has decreased slightly to £288m, down 14 per [...]
PM bets big on nuclear but energy industry complains it’s too little in face of price crisis April 8, 2022 The supply security strategy failed to power optimism yesterday, with the energy industry warning it offered little to ease price concerns.
City Moves: Who’s switching jobs in the Square Mile? April 8, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Europa Capital Real estate investment manager Europa Capital has bolstered its asset management team with a new managing director, the firm’s 20th appointment in the past year. Rachel Hanke help over portfolio management, bringing nearly 20 years [...]
Ollie Phillips: Four English sides should make it to top European quarters April 8, 2022 As the first leg of the European Champions Cup round of 16 begins this evening, I am confident that all but one of the English sides will progress through to the quarter-finals. While some of the ties look mighty close, there’s enough grit and flair in the Premiership to make the difference. It also helps [...]
