Air traffic control attempted to reach China Eastern pilots prior to crash and officials find black box March 23, 2022 The pilots of the China Eastern plane that crashed failed to respond to calls from air traffic controllers, according to the Chinese aviation regulator. Air traffic controllers launched multiple attempts to reach the pilots of flight MU5735 after it turned into a nosedive position, but received no response, head of aviation safety at the Civil [...]
UK end-of-life provider swings from £20m loss amid strategy overhaul March 23, 2022 Dignity has swung from a nearly £20m loss amid strategy overhaul at the UK’s only end-of-life provider. The London-listed company reported a £32m profit in the year to 31 December, however, revenue was largely flat, dipping just one per cent to £353.7m in the period. Dignity has also recovered earnings per share over the past [...]
City Moves: Who’s switching jobs in the Square Mile? March 23, 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. Capital Group Capital Group has hired a head of product development for Europe and Asia, a newly created role for the investment firm. Based in London, Kat Ferris joins from Morgan Stanley Investment Management, where she was head of international product for four years. [...]
Exclusive: Jobs in London’s £30bn green sector to double by 2030 March 23, 2022 The number of green jobs in central London is expected to double by the end of the decade – and double again by 2050 – according to research shared exclusively with City A.M. today. The green sector, which generated around £29bn in 2021, will host 335,000 jobs in the capital by 2030, research by Central [...]
China and Dubai cash in on roomier Russian market amid Western boycott March 22, 2022 As the West bail out of Russia over its invasion of neighbouring Ukraine, China and Dubai are seemingly cashing in on the roomier market. China’s top envoy in Moscow has urged Chinese business leaders to “fill the void” in the Russian market, Bloomberg first reported, after a growing tally of businesses and government’s have boycott [...]
Alliance Pharma profits rise more than a third amid continued e-commerce boom March 22, 2022 Alliance Pharma has continued to reap the rewards of the pandemic-era e-commerce boom, with gross profit rising more than a third over the past year. The healthcare group has also enjoyed a 23 per cent bump to its revenue, reported at £163m for the 12-months to 31 December, with online activity now making up around [...]
Man charged with murder of London university student Sabita Thanwani March 22, 2022 A 22-year-old man has been charged with the murder of student Sabita Thanwani, who was found at City University accommodation in Clerkenwell on Saturday, the Metropolitan police have confirmed today. Maher Maaroufe is due to appear in Highbury Corner Magistrates’ Court this morning. Thanwani, 19, was found with “serious neck injuries” early Saturday morning at [...]
IT provider Softcat ‘re-doubles’ cyber defences amid Ukraine conflict March 22, 2022 IT infrastructure provider Softcat has been ‘re-doubling’ on its cyber defences amid Russia’s invasion of Ukraine, its CEO confirmed today. The company has been supporting customers with the heightened risk of cyber attacks, CEO Graeme Watt said in a statement, adding that “we are closely evaluating and managing any business risks that may arise as [...]
European Investment Bank-backed climate data firm snags £33m in funding March 22, 2022 Holborn-based climate and energy data analytics company Kayrros has snagged €40m (£33.5m) in its latest funding round, as investors seek to unlock the net-zero benefits of space. The company, backed by the European Investment Bank and BNP Paribas’ VC arm, specialises in geospatial detection technologies – which analyse satellite images to assess the climate costs [...]
City Moves: Who’s switching jobs in the Square Mile? March 22, 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. Savills Savills has appointed a new head of diversity and inclusion (D&I) for its UK businesses. Joining from the Department of Health & Social Care where she was deputy director of D&I for wellbeing and culture, Chanelle [...]