City Moves: Who’s switching jobs in the Square Mile this week? April 28, 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. Cazoo bolsters board after $7bn NYSE listing After its $7bn New York Stock Exchange listing through its AJAX merger, UK online car retailer Cazoo has confirmed that a new non-executive director [...]
LinkedIn: Barclays, Tesco and NatWest ranked top three UK workplaces April 28, 2021 Barclays has been crowned the best company to work for, followed by Tesco and NatWest, according to LinkedIn’s list of the 25 top workplaces in the UK. The list ranks workplaces on their capacity to build and sustain a long-term career and have been compiled based on actions taken by the platform’s 30m UK members [...]
Ex-CEO of Coca-Cola EU and founder of Café Rouge join Deliveroo’s board April 28, 2021 Deliveroo has confirmed a board shuffle today by hiring two new non-executive directors, to help keep up with its growing partnerships. Dominique Reiniche and Karen Jones are set to join the board, just as the company is to ramp up its online delivery capabilities with Waitrose. “They join at an important time for Deliveroo as [...]
Persimmon builds up sales to pre-Covid levels April 28, 2021 Sales at housebuilder Persimmon for 2021 so far are 23 per cent ahead of last year, meanwhile, it has set aside £75m to address the issue of flammable high-rise cladding. With the average price for homes sold to private owners at around £252,000, the group enjoyed £3bn in sales in the first quarter of 2021, [...]
UK to Greece vaccine passports are ‘forthcoming’, Greek minister says April 27, 2021 Covid-19 passports between the UK and Greece are “forthcoming”, the Greek government has said today, allowing some vaccinated Brits to island hop this summer. Foreign holidays this year are increasingly on the cards as vaccine passports have gained traction. The Greek tourism minister, Harry Theoharis, said Greece is looking to welcome back UK tourists who [...]
First shipment of medical supplies arrives in Covid-stricken India from the UK April 27, 2021 The first shipment of emergency medical supplies have landed in India today from the UK, as the country’s infection rates have soared in recent weeks. The supplies form part of a global campaign to curtail India’s sudden increase in infections, with the US offering to export 60m of AstraZeneca vaccine doses. India has reported over [...]
Toyota pushes the pedal on self-driving tech with $550m Lyft deal April 27, 2021 Toyota is set to acquire Lyft’s self-driving technology unit for $550m, both companies confirmed today, as the Japanese firm pushes the pedal on its automation ambitions. The carmaker will pay $200m cash upfront, with the remaining $350m paid over five years, gaining access to the US ride-hailing firm’s more than 300 employees. The acquisition will [...]
In tune: Synth makers Sequential snapped up by Focusrite for £18m as revenues grow April 27, 2021 High-end synthesizer firm Sequential boasted revenues of $18.3m last year, which hit all the right notes for audio products company Focusrite to buy it for $24m today. The existing management and team will stay with the California based Sequential post-acquisition. Meanwhile, the company could receive up to $4m more, depending on its performance. Focusrite’s board [...]
Side-hustle: One in five freelancers have another job alongside April 26, 2021 Nearly one in five freelancers are self-employed as a side-gig alongside an employee position, according to new research from a freelance jobs marketplace. Freelancing was the ticket out to a higher income during multiple lockdowns for many in the UK, PeoplePerHour found, as more people have turned to freelancing alongside employee jobs during the pandemic. “There [...]
Older workers in worst job market ‘since 1980s’ April 26, 2021 The Covid-19 pandemic has pushed the largest annual employment fall for older workers since the 1980s, according to a report published today. Older and younger workers have been heavily knocked by the pandemic job market, which has seen a U-shaped employment shock. “While the youngest workers have been hardest hit by the crisis, older workers [...]
