Aston Martin outperforms pre-pandemic revenue thanks to ongoing ‘brand desirability’ February 23, 2022 Aston Martin drove “significant progress” in the past year, with wholesales increasing 82 per cent as more normal operations were resumed following pandemic restrictions in 2020 and completed rebalance of dealer inventory in the first quarter of 2021. Revenue increased to £1.1bn largely due to substantial volume growth, driven by customer demand, and strong pricing [...]
City Moves: Who’s switching jobs in the Square Mile this week? February 23, 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. JUMO Visa-backed fintech firm JUMO has posted the former boss of JO Hambro Capital Management to its board as a new non-executive chair. Nichola Pease, who currently holds the same role at FTSE 250 Jupiter Fund [...]
Advertising watchdog dubs Innocent ads misleading on environmental claims February 23, 2022 Adverts from smoothie brand Innocent have been banned for exaggerating the environmental benefit of their drinks. The advertising watchdog concluding adverts, shown on TV, YouTube and video on demand, were misleading. The adverts showed animated characters singing the lyrics: “We’re messing up the planet. We’re messing up real good,” in front of buildings and cars [...]
Ukraine is the victim of Europe’s refusal to wean itself off of Russian gas February 23, 2022 Either you master history or history masters you. Decades worth of political risk analysis can almost always be boiled down to this aphorism. In the case of Europe’s dealings with Valdimir Putin, rather than mastering history, Europe has vainly tried to take a holiday from it; we’re now watching the doleful results. First, let’s dispense [...]
Britain’s life sciences industry is on the cusp of revolution if it can rebuild faith in data February 23, 2022 Across life sciences, the need to develop treatments and vaccines for Covid-19 has been driving collaboration – bringing private, public and third sectors together. In Rishi Sunak’s spending review last year, he pledged to grow the UK public sector investment in research and development from £14.8bn to £22bn. To compete internationally, by 2024 the UK [...]
A four day week must withstand the productivity test to be worth the gamble February 23, 2022 Durham based challenger bank Atom has announced a four day working week for all of its 430 employees as more and more people debate the number of days we should be working. For SMEs in the services sector, a four day week is an attractive bandwagon to jump on. It is commonly given credit for [...]
One in four City workers think their firm ignores them when speaking up February 23, 2022 One in four City workers think their firm does not listen to them when speaking up, reveals a fresh study published today. Low confidence in employers considering alternative views on issues runs the risk of financial services firms restricting their ability to attract and retain top talent, according to the FInancial Services Culture Board (FSCB) [...]
Firms on the hunt for staff despite labour squeeze February 23, 2022 Employers are planning on expanding their workforce despite an ongoing labour squeeze scuppering recruitment efforts, reveals a new survey published today. A net 24 per cent of companies intend to ramp up hiring over both the medium and long term, according to a survey by the Recruitment and Employment Confederation (REC). Strong hiring intentions indicate [...]
GSK reveals name of new consumer goods spin-off will be ‘Haleon’ February 22, 2022 Pharmaceuticals giant Glaxosmithkline (GSK) has revealed that its consumer healthcare business will be called Haleon once it is spun off.
Ukraine: Biden bans Russian state bonds from US markets in fresh sanctions February 22, 2022 Joe Biden has tonight blocked two large Russian financial institutions from operating in the US and has banned Russia from issuing new state bonds on American markets in fresh sanctions against Moscow. A number of Kremlin-linked oligarchs will also have their US assets frozen and face travel bans, with Biden saying in a White House [...]
