Singled out: This year’s billionaire Brits April 7, 2021 Forbes released its highly anticipated billionaire list yesterday morning which has left regular folks pinching purse strings in hopes to add another zero to their bank accounts. The UK’s home-grown billionaires did not make it into the lucrative top 10, which was dominated by tech big dogs: Amazon’s founder Jeff Bezos, Tesla and SpaceX’s Elon [...]
City Moves: Who’s switching jobs in the Square Mile this week? April 7, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Tharsus adds former CEO of Dyson to its board Robotics company Tharsus has appointed former Dyson CEO to its board as a non-executive director this week. Martin McCourt, whose career spans four decades, [...]
Hilton Food Group lifts revenue and profit with Australian business venture April 7, 2021 Food packing company Hilton Food Group took home 2.7bn last year, as Australian business growth underpinned a revenue boost of 52.9 per cent. The group continued to grow its plant-based and seafood options which saw revenue rise from £1.8bn in 2019. The company bought a facility in Brisbane, Queensland and is also set to open [...]
Retail investors back Rio Tinto climate accountable proposals April 6, 2021 Retail investors have backed climate accountable proposals from Rio Tinto, which the miner will vote on this Friday, as accountability is pushed higher on this year’s agenda. 71.5 per cent of retail investors have called for chairs and CEOs of the mining giant to be held to account on Environments, Social and Governance (ESG) standards, [...]
LG exits smartphone market after steady losses April 6, 2021 Korean electronics company LG will leave the smartphone market in July after it failed to match growing competition from China. Once the third-largest mobile phone manufacturer in the world in 2013, LG struggled with the transition to touchscreen smartphones which made its exit inevitable. Despite arriving early to the smartphone party, introducing a touchscreen device [...]
‘Godzilla vs. Kong’ crushes pandemic box office record April 6, 2021 The latest in the giant lizard vs ape saga, ‘Godzilla vs Kong’, has smashed pandemic box office records which raked in £35m just this weekend. In the biggest opening in the US in the last 12 months, the Adam Wingard-directed blockbuster has surpassed the highly anticipated ‘Wonder Woman 1984’ which took home around £12m in its [...]
Media tycoon Jimmy Lai and six others found guilty of ‘unauthorised assembly’ April 1, 2021 Seven high profile democracy supporters, including media tycoon Jimmy Lai and barrister Martin Lee, have been found guilty today of unauthorised assembly charges by a Hong Kong court. The 73-year-old media tycoon was arrested in late February for his ‘unauthorised assembly’ at the former British colony’s 2019 pro-democracy protests and for allegedly intimidating a reporter, [...]
A third of bosses think working from home has boosted productivity April 1, 2021 A third of UK employers have said that working from home has boosted the productivity of their employees, according to a study published today. The attitude towards remote working has grown more positive over the last year, as only 28 per cent of bosses supported the new work style in June, the Chartered Institute of [...]
Co-op bites back at shoplifters with GPS tracking on meat April 1, 2021 The Co-op has begun attaching GPS tracking tags on meat products in a trial to bite back at shoplifters this week. Clear plastic boxes with the tracking tech built-in have been put around meat products in stores across the UK. What triggered Co-op to place GPS tracking on their items is unknown, but it is [...]
City Moves: Who is switching jobs in the Square Mile this week? March 31, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Covatic appoints ex-BBC strategy head London-based start-up tech company Covatic has hired an ex-BBC veteran as its chief product officer. Daniel Pike joins the company, which aims to improve in-app consumer engagement, at [...]
