SaaS and cloud platform essensys delivers ‘resilient’ performance in US despite UK slump March 1, 2022 SaaS platform and on-demand cloud service provider essensys delivered “resilient” results this morning, with group revenue up three per cent to £10.9m. During the first half of the year, essensys added nine new customers, including a significant property company in Sweden that is expected to provide a long-term growth opportunity. It reported good momentum for [...]
Shell undergoes board and C-suite shuffle following exit from Russian assets March 1, 2022 Shell has undergone a board and C-suite shuffle as it hauls in a new chief financial officer. Sinead Gorman, who has been the executive vice president of Shell’s Upstream business, steps in the role at the beginning of April. She succeeds Jessica Uhl, as she steps down from the position at the end of this [...]
Travis Perkins swings from £35m loss as it sails through inflationary headwinds March 1, 2022 Travis Perkins has swung from a £35m loss in 2020, raking in £241m in profit in 12 months, despite inflationary headwinds. Revenue jumped 24 per cent to £4.5bn in the year to December 31, as the building materials business continues its pandemic-era momentum – which saw many households undertaking DIY projects during lockdown. “2021 has [...]
Exclusive: Ultimate Products’ airfryer maker brand receives €1m order from German retailer March 1, 2022 Homeware giant Ultimate Product has said its newly snapped-up kitchen electrical brand has inked a €1m order from a leading German hypermarket retailer. Ultimate Products, which owns legacy homeware brands including Salter and Beldray, told CityA.M. exclusively its German brand Petra had received its first substantial order from an unnamed retailer. The order is for [...]
Abrdn rules out Russia investment as revenues rise for the first time since merger March 1, 2022 FTSE 100 asset manager Abrdn hailed 2021 as its “reset” year today as it posted a jump in operating profits and growth in revenues for the first time since its merger with Standard Life in 2017.
Mirror and Daily Star publisher on track to double digital revenue by 2024 amid inflation concerns March 1, 2022 Shares in the publisher behind the Daily Mirror and Daily Star tanked as much as 25 per cent today, wiping about £180m from the company’s market value, after it warned that inflation would hit its 2022 profits hard. Despite digital revenue up over 25 per cent to £148.3m and 10m sign-ups across its titles, investors [...]
TODAY: Londoners urged to work from home as tube strike is affecting ALL lines March 1, 2022 Transport for London (TfL) has urged commuters to plan ahead of today and Thursday’s Tube strikes, which will affect all lines. The public body has advised Londoners to work from home if they can or rely on alternative means of transport, as the strikes are expected to create major disruption across the whole TfL network. [...]
City Moves: Who’s switching jobs in the Square Mile this week? March 1, 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. Savills Savills has appointed an associate lecturer at University College London as new associate in its London planning team. Joining with seven years’ experience from across the UK and Canada, Prashanna Vivekananda will focus on both life [...]
Dividends to soar to $1.52tn in 2022 after post pandemic rebound March 1, 2022 Global dividends will surge to record levels in 2022 after payouts rebounded from a pandemic slump last year, a leading asset management firm has predicted.
London small business investment surges past £10bn in 2021 March 1, 2022 Equity investment in to London’s smaller firms surged past £10bn in the first three quarter of 2021 as investors looked to capitalise on the economic recovery of businesses in the capital, fresh data has revealed.
