City Moves: Who’s switching jobs in the Square Mile this week? July 7, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Ex-abrdn CEO appointed chair university board The former CEO of Standard Life Aberdeen, now known as abrdn, has been appointed chair of the University of Sussex Business School’s advisory board. [...]
Billionaire pair behind Didi see fortune shed $1.5bn as US IPO turns sour July 7, 2021 The billionaire pair behind China’s ride-hailing giant Didi saw their fortune shed by $1.5bn last night as shares plunged in its New York listing. Beijing’s security and tech crackdown on the company has seemingly spooked investors, which has led to the country’s internet regulator ordering stores to remove the Didi app. Since China’s internet regulator opened [...]
Lofty Crossrail to Heathrow fares to be capped at standard Tube rates July 6, 2021 Airport passengers using London’s Crossrail will have higher fares which could be capped at the standard rates for the Tube, according to reports. Passengers travelling to Heathrow will be charged a premium rate compared with the same journey on the tube. However, if passengers make other journeys using the Transport for London (TfL) network within [...]
Logistics solutions market takes off as startup byrd lands €16m investment July 6, 2021 Online logistics platform byrd has raised €16m in a Series B funding round, amid the pandemic that has slipped up supply chains and stoked an online shopping frenzy. The rally was led by Santander-backed Mouro Capital, which has invested in companies sold on to PayPal and American Express. This latest round follows byrd’s €5m Series [...]
Forward bookings lift at Norwegian as the budget airline spies summer travel July 6, 2021 Shares were sent flying at budget airline Norwegian this morning after it posted a lift to its forward bookings and had higher hopes for end-of-summer travel. Norwegian, also known as Norwegian Air Shuttle, has enjoyed the benefits of pent-up demand and gradually easing restrictions which have sparked confidence in flyers and carriers. The airline’s shares [...]
Government’s data ethics centre poaches CBI digital director as new lead July 6, 2021 The director of innovation and digital at the Confederation of British Industry (CBI) has been appointed the seat at the helm of the government’s Centre for Data Ethics and Innovation (CDEI). Joining in August, the incoming executive director Felicity Burch will work with the new chair and refreshed board to support the government’s National Data [...]
Mulberry to close Paris store as slashed tourism hits another capital July 6, 2021 Mulberry will close the doors to its Paris store until international tourism returns, the luxury brand said today. Exiting the lease early at its 275 Rue Saint Honoré store, slashed tourism numbers due to pandemic restrictions has seemingly hit Paris much like it has hit London. The brand will bag net proceeds after tax of [...]
Two men charged with ‘common assault’ over Chris Whitty incident July 6, 2021 Two men have now been charged over an incident caught on video where England’s chief medical officer Chris Whitty is seen to be man-handled. The video, caught on a mobile phone, shows Whitty being grabbed by men in a park in London as the chief medical officer (CMO) attempts to cross the road. After arresting [...]
TfL opposes making masks optional as Boris Johnson looks to forget them July 5, 2021 Londoners may have to wear masks on the tube after 19 July, when Boris Johnson is expected to have abandoned the pandemic-imposed rule. However, different rules for Transport for London (TfL) tubes and national rail trains may confuse travellers, if masks become a thing of the past by the end of July. A spokesperson for [...]
WWF: UK needs to bolster its climate policy ahead of COP26 July 5, 2021 The UK has been urged to slash its environmental footprint by 75 per cent by 2030 by WWF, to bolster its climate policy ahead of COP26. In its latest report titled ‘Thriving Within Our Planetary Means’, the environmental charity warned that the UK has a disproportionately high impact on climate and nature. “The UK is [...]
