Mitie offloads document management business in £40m deal August 23, 2021 Mitie today said it has agreed to sell its document management business to Swiss Post Solutions (SPS) for £40m. Mitie Document Management pulled in revenue of £48m and earnings before interest, tax, depreciation and amortisation of £4.2m in the year to the end of March. The FTSE outsourcing group, which operates cleaning and security for [...]
Flying high: Former RBS and RSA boss Stephen Hester to be next Easyjet chairman – CityAM : CityAM August 23, 2021 City heavyweight Stephen Hester, who led RBS and insurer RSA, has been named the next chairman of budget airline Easyjet. Easyjet this morning named Hester as its director and chair designate. Hester will join the Board as a non-executive director on 1 September and then he will succeed John Barton as the airline’s chair on [...]
Tony Blair’s son Euan raises £65m in funding round for start up August 23, 2021 An education start up founded by Euan Blair, son of former prime minister Tony Blair, has secured £65m in funding. Founded in 2016, Multiverse provides school leavers with apprenticeships and training, helping to secure people work in companies such as Google, Unilever, Facebook and Morgan Stanley. The investment is understood to be part of upcoming [...]
Afghanistan: UK ups evacuations as Taliban warns against an overstay August 23, 2021 The UK is set to fly around 6,000 British and Afghan citizens out of Afghanistan this week, as it ramps up its evacuation plans. To help more people leave the country, the military has extended the deadline for the final RAF evacuation flight from tomorrow to Friday or Saturday, according to Time Times. The total [...]
WPP snaps up delivery tech firm Satalia in AI push August 23, 2021 WPP has snapped up a London-based tech firm specialising in home delivery services in a move that will boost the ad giant’s artificial intelligence offering. The FTSE media group today said it had acquired Satalia, which is one of the UK’s fastest-growing tech companies and serves major clients such as BT, Tesco and Unilever. Following [...]
JP Morgan boss Jamie Dimon plans first UK visit since Covid hit August 23, 2021 JP Morgan chief executive Jamie Dimon will visit London next month for the first time since the coronavirus outbreak. The trip could result in fresh momentum for workers to return to the City as the banker has advocated for office-working. The Wall Street banking boss will meet clients and staff after an initial scheduled trip [...]
West End landlord: Weekly footfall 60 per cent of pre-Covid levels – CityAM : CityAM August 23, 2021 West End landlord Shaftesbury has said weekly footfall has recovered to 50-60 per cent of pre-pandemic levels as hospitality businesses enjoy a “strong recovery” of trading levels. The landlord reported increased occupancy across all uses with available-to-let vacancy at 4.1 per cent by 13 August 2021 compared to 8.4 per cent on 31 March 2021. [...]
Tony Blair’s son Euan raises £65m in funding round for start up – CityAM : CityAM August 23, 2021 An education start up founded by Euan Blair, son of former prime minister Tony Blair, has secured £65m in funding. Founded in 2016, Multiverse provides school leavers with apprenticeships and training, helping to secure people work in companies such as Google, Unilever, Facebook and Morgan Stanley. The investment is understood to be part of upcoming [...]
Leaders are entitled to holidays but Dominic Raab’s Crete vacation was a dereliction of duty August 23, 2021 Last week Foreign Secreatry, Dominic Raab was harangued from all sides because he was on holiday and either uncontactable or unwilling to disrupt his respite to make a telephone call to a minister in Kabul. The question of whether or not a conversation between Raab and his Afghan counterpart, Mohammad Hanif Atmar would have made [...]
Global Britain must pivot towards Asia but it must also ensure polluting countries take climate change seriously August 23, 2021 If the Government’s Global Britain vision is to be a success, the UK must strengthen ties with the most populous continent in the world: Asia. An agreement to boost cooperation with the Association of Southeast Asian Nations (ASEAN) – ten member countries in the Indo-Pacific, home to nearly 10 percent of the world’s population – [...]
