Spanish telecoms Cellnex firm widens reach in the UK under £8.7bn deal November 11, 2022 Spanish telecoms firm Cellnex is widening its reach in the UK under a €10bn (£8.7bn) European deal covering six countries. The Competition and Markets Authority (CMA) has now cleared the deal for CK Hutchison, which owns telcoms towers, in the UK. Cellnex has also acquired CK Hutchison in Austria, Ireland, Denmark, Sweden and Italy. The [...]
City Moves: Who’s switching jobs in the Square Mile? November 11, 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. Merkle Customer experience management company Merkle has bolstered its media practice with a new head of agency sales. Michael Butler, who joins from Essence after 11 years, has worked with some of the UK’s top brands such [...]
Haleon inches revenue forecasts higher yet again post-GSK split November 10, 2022 Haleon has inched its revenue forecasts higher, as the consumer health giant books a revenue of £2.89bn for the past three months. It is the second time bosses at London-listed Haleon have raised guidance since the split from GlaxoSmithKline (GSK) earlier this year. Haleon, which owns Sensodyne and Panadol, now expects revenue for the full year to grow [...]
AstraZeneca boss urges UK government to invest in medicines of the future November 10, 2022 The chief of AstraZeneca has urged the UK government to invest in the medicines of the future, as the regulatory environment for pharma in the US grows tougher. With the UK’s upcoming budget, CEO Pascal Soriot called on the government to protect the funding for innovative treatments as the long-term outlook for the healthcare industry [...]
City Moves: Who’s switching jobs in the Square Mile? November 10, 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. AVI Global Trust British investment firm AVI Global Trust has bolstered its board with a new chairman to succeed Susan Noble, who is set to retire. Graham Kitchen, who has been a non-executive director since January 2019, [...]
Y2Pay: Robots eat into wage growth in the UK but boost productivity November 10, 2022 Fears of robots taking people’s jobs have been “overblown”, with low investment and productivity growth being the real culprits behind the UK’s stagnant economy, according to a new report by the Resolution Foundation today. However, automation has dampened the average take-home for staff operating alongside new tech, the report, in collaboration with the London School of [...]
Net zero is important to most businesses but few track supply chain emissions, finds Deloitte November 9, 2022 Net zero is continuing to fall to the bottom of the priority list for most organisations in the UK despite glowing pledges, according to a report by Deloitte today. Just a quarter of public and private sector bodies track emissions across their supply chain, also known as scope 3 emissions, the report in collaboration with [...]
Purplebricks shareholder seeks to oust chairman once again November 9, 2022 Purplebricks shareholder Lecram Holdings has once again sought to oust the online estate agents’ chairman following months of lagging growth. The digital agent confirmed today that it had received an order from Lecram to host a general meeting, in which shareholders will be asked to consider removing chairman Paul Pindar as a director of the [...]
Nurses to strike before the end of the year in historic vote November 9, 2022 Nurses in the UK have voted in favour of striking before the end of the year, in the first walkout of its kind. NHS appointments are set to be cancelled after the historic vote from members of the Royal College of Nursing (RCN) union. RCN said its members in the majority of NHS employers in [...]
Novavax dials back revenue expectations despite Covid-19 jab success November 9, 2022 Novavax, an American biotech firm, has dialled back its revenue expectations, despite roaring success from its Covid-19 vaccine. In a statement last night, the company announced that it now forecasts full year revenue to be on the low end of its previously forecast range of between $2bn (£1.7bn) and $2.3bn (£2bn). The company, which was [...]