WH Smith: Orders from Funky Pigeon website suspended after cyber attack hits cards firm April 19, 2022 WH Smith has said Funky Pigeon, its greetings card subsidiary, fell victim to a cyber security incident last week. In an update on the London Stock Exchange, the stationary giant said orders from the Funky Pigeon website have been temporarily suspended. The online retailer was affected by an incident on Thursday 14 April. Customer payment [...]
Asda buyer TDR Capital marks 20-fold return on supermarket takeover with £1.4bn stake April 19, 2022 One of Asda’s owners has valued its stake in the supermarket at almost 20 times the sum it paid in a blockbuster takeover last year. According to The Financial Times, private equity firm TDR Capital informed investors it has placed its stake at 19.8 times the orginial investment in the grocer. The US firm, alongside [...]
Jacob Rees-Mogg: Civil servants must ‘rapidly return’ to offices April 19, 2022 Ministers are reportedly being told to send a “clear message” to civil servants for a “rapid return” to offices. Up to three quarters of staff are still working from home, according to The Telegraph, as Whitehall sources accuse a “silent majority” of officials of not “pulling their weight. Jacob Rees-Mogg, the minister for government efficiency, [...]
Commuter belt office space surges in popularity as workers flex hybrid options April 19, 2022 The commuter belt has become the new worker hub as people opt for co-working spaces rather than longer commutes. New data from office space provider IWG, which manages brands Regus and Spaces, found that there was a 91 per cent rise in attendance in Maidenhead in March compared with the month before. Meanwhile, homely towns like Hemel Hempstead [...]
Zelensky says the Kremlin is embarking on latest phase of war targeting region of Donbass April 19, 2022 Ukraine’s president has warned that the Kremlin is embarking on the latest phase of its war, targeting the eastern Donbass region. Volodymyr Zelensky made his comments in a video message to his country, saying: “The Russian troops have begun the battle for the Donbas, for which they have been preparing for a long time.” “A [...]
Millions of Brits cancel streaming services as cost of living crunch sets in April 19, 2022 More than 1.5 million people have cancelled streaming platform memberships in the first quarter of 2022, as the cost of living crunch closes in on entertainment firms.
Made.com boss: Shoppers holding back on homeware purchases amid pressure on budgets April 19, 2022 The boss of online furniture retailer Made has said shoppers have “held back” with purchases lately amid dramatic increases in the cost of living. Speaking to the PA news agency, chair Susanne Given said customers were more hesitant than usual due to rising inflation and war in Ukraine. She added: “The customer has definitely held [...]
Boris Johnson: Prime Minister’s phone was reportedly target of hacking software April 19, 2022 The prime minister’s phone was reportedly the target of hacking software according to cybercrime experts who analysed his phone. Boris Johnson’s mobile was said to have been subject to the Pegasus software, created by the Israeli-based NSO group, on multiple occasions during between 2020 and 2021. According to The Times, a government sourced confirmed it [...]
Bosses who shelve flexibility should prepare for ‘a wave of departures’, says study April 19, 2022 Bosses who put flexibility on the back burner are “setting themselves up for a wave of departures”, a new study shared exclusively with City A.M. today has revealed. Non-executive staff are nearly twice as likely as their bosses to be working from the office five days a week, according to the study by Future Forum, [...]
City Moves: Who’s switching jobs in the Square Mile? April 19, 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. Bovill Financial regulation consultancy Bovill has hired a new partner – an ex-UBS money laundering expert who returns after a three-year hiatus. Mark Spiers, who brings more than 20 years’ experience in the industry, was previously part [...]
