Pints of experience: Wetherspoons opens up board to publican employees December 20, 2021 Wetherspoons has opened up its board to its publican employees, in a bid to bring real pub experience into focus. The British pub chain has hired four employees, who were working under managerial positions from across Manchester to Exeter to join the board as employee and associate employee directors. “A successful pub company depends primarily [...]
London ‘uniquely well-placed’ as space sector heads for M&A boom in 2022 December 20, 2021 The UK’s space sector is bound for an explosion in mergers and acquisitions (M&A) next year – with London “uniquely well-placed” for a leading role in the forecasted frenzy. Managing associate of Linklaters technology practice, Katie Williams told City A.M., that an increase in M&A activity is likely, with banks and other financiers expected to [...]
Pandemic-induced private jet boom offsets Air Partner’s travel challenges December 17, 2021 Air Partner expects its profit before tax to be “materially” ahead of market expectations this year, despite ongoing pandemic restrictions battering the travel industry. Shares lifted 4.2 per cent to 85.5p per share by close of play The aviation services group has been buoyed by the “exceptional” demand in freight, in the year to 31 [...]
Westminster group snags contract to bolster airport security in Africa December 17, 2021 The Westminster group has won a new contract to upgrade the security systems in two Southeast African airports after a lengthy bidding process. The contract, valued at $1.7m and funded by the European Investment Bank, will see the London-listed group supply the airports with new x-ray screening and metal detection equipment, as well as new [...]
Get jabbed: The London vaccine clinics offering walk-in boosters this week December 17, 2021 London’s first 24-hour vaccine clinic has opened today, in a bid to trim down queues that have prompted wait times of several hours. It comes after the prime minister amped up the national effort for people to receive a third dose of a Covid-19 vaccine, further widening the programme earlier this week to include people [...]
Daily Mail owner shares collapse over 70 per cent ahead of exiting the London Stock Exchange December 17, 2021 The Daily Mail and General Trust (DMGT) group had its shares collapse by more than 70 per cent today, ahead of delisting from the London Stock Exchange. The sharp drop was triggered by the stock going ‘ex’ its special dividend today, meaning it is trading without the value of the next dividend payment. It comes after [...]
Japan PM meets with Pfizer boss to speed up booster distribution amid Omicron fears December 17, 2021 Japan’s prime minister has spoked with Pfizer’s boss to speed up the distribution of the country’s booster vaccines, amid concerns over the new Omicron variant. Prime minister Fumio Kishida, who was re-elected in November, told reporters that his conversation with pharmaceutical CEO Albert Bourla secured two million doses of Pfizer’s antiviral pill. It forms part [...]
City Moves: Who’s switching jobs in the Square Mile today? December 17, 2021 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. Carzam Online used car business Carzam’s has appointed Paddy Power’s former boss as a new executive chairman. Andy McCue, who spent a decade with the gaming and betting giant, was also CEO of The Restaurant Group during [...]
Whitty: Covid-19 will ‘always be a problem’ but the situation will improve December 16, 2021 Covid-19 will “always be a problem”, the chief medical officer has warned, but that the pandemic situation is expected to improve every six months. The comments come as England records a new record of daily Covid-19 cases, with 88,367 new infections recorded in the last 24 hours. The latest record surpassed Wednesday’s previous record by [...]
National World shares surge after reassuring investors of sturdy revenue December 16, 2021 Media outlet National World had its shares soared today after it confirmed to investors that its full revenue would likely hit £85m – despite the decline in print. Its trading performance in the second half of the year exceeded the company’s expectations, with its digital presence up around 20 per cent in the year to [...]