British exhibitions group Hyve puts Russian businesses up for sale April 6, 2022 British exhibitions group Hyve said this morning that it has proposed to sell its Russian business to Rise Expo for a maximum price of £72m.
Car seller Motorpoint readies investment after boost in revenues April 6, 2022 Used car seller Motorpoint said today it was readying a wave of investment after revenues received a boost last year to hit £1.32bn.
Former P&O official seeking damages of up to £76m for unfair dismissal as Easter travel chaos looms April 6, 2022 A former senior boss at P&O Ferries is seeking up to £76m in compensation over claims of unfair dismissal, including racial discrimination, as the company tells thousands to stay away from Dover over Easter. Travel chaos is set to ensue over Easter weekend, after P&O Ferries warned customers its vessels are still moored and tickets [...]
Tech titan Deborah Sherry joins Lookers’ board as car dealership plots expansion April 6, 2022 UK motor retail group Lookers has appointed Deborah Sherry to the Board of Lookers as a Non-Executive Director.
Shell goes tax free in the North Sea after £100m government refund April 6, 2022 Energy giant Shell paid no tax on its oil and gas production last year even as the global energy crunch saw it profits soar to more than $19bn.
Fast fashion retailer Shein hits $100bn valuation with fresh funding round April 6, 2022 Fast-fashion giant Shein has hit a $100bn valuation this week after a fresh funding round, making it the third most valuable startup in the world after Elon Musk’s SpaceX and ByteDance.
Battery giant Gresham House Energy Storage Fund records soaring revenue of 170 per cent April 6, 2022 Battery storage giant Gresham House Energy Storage has recorded soaring revenue of 170 per cent for 2021, with £80.4m of profit. Publishing its third annual set of results since listing on the London Stock Exchange, it announced EBITDA (earnings before interest, taxes, depreciation, and amortiSation) of more than £42m, up 172 per cent. This comes [...]
Hilton Food Group revenue surpasses £3bn amid vegan and vegetarian boom April 6, 2022 Hilton Food Group’s revenue has surpassed its pandemic figure, due in part to the boom in vegan and vegetarian food demand. Revenue jumped more than 21 per cent to £3.3bn in the year to 2 January, up from £2.7bn in 2020, according to the group’s preliminary results today. Growth in its protein categories fuelled the [...]
City Moves: Who’s switching jobs in the Square Mile today? April 6, 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. Guinness Global Investors Guinness Global Investors has appointed two leads to its London office. Patrick Healey, who joins as head of operations, from Kepler Partners, and has held a handful of roles at Deutsche Bank, RBC, Nomura [...]
Britain’s love of Channel 4 is blinded by nostalgia, it’s time to finally sell up April 6, 2022 From a quasi-outsider’s perspective – I lived in Australia for the first 26 years of my life – Channel 4’s current makeup seems bizarre. It is state-owned, but commercially funded. Editorially independent, but bound by a legislative public service remit. The notion of having a public broadcaster that provides news coverage free from all commercial [...]
