Sadiq Khan: Mayor to write book on winning support for climate change policy September 8, 2022 Sadiq Khan will publish his first book early next year, Breathe, which publishers say will be a “warm and practical” guide to winning support for “tough climate action.” Khan’s book will be a “seven step guide” to persuading citizens and businesses to get on board with policies to fight climate change. The book will identify [...]
Former M&S CFO Helen Weir named new chair of National Express September 8, 2022 Former M&S CFO Helen Weir has been named the new Independent Non-Executive Director and Chair Designate of National Express.
Shares plunge as US private equity titan backs out of Darktrace takeover September 8, 2022 UK tech darling Darktrace posted revenue and customer growth and pushed back against reports that it was in takeover talks with US private equity giant Thoma Bravo.
Lloyd’s of London to give staff £2,500 helping hand ahead of winter September 8, 2022 Lloyd’s of London is to give staff earning less than £75,000 per year a £2,500 one-off payment later this month to help with surging inflation. Chief Executive John Neal told City A.M. this morning that it was set to be a “pretty rotten winter” and “as employers we’ve got an obligation to think, to care [...]
Primark profit margins to be hit by high energy costs and shoppers’ budget worries September 8, 2022 Primark owner Associated British Foods said it expects the retailer’s profit margins to take a hit next year due to rising energy costs. In a trading update on Thursday morning, the retailer said it anticipated Primark’s profit margin to be lower than expected as the budget-chain has opted to limit further price hikes. ABF acknowledged [...]
PM Liz Truss to announce energy plan: Borrow £150bn, restart fracking and freeze bills at £2,500 September 8, 2022 Prime Minister Liz Truss is set to announce bold new proposals to tackle the energy crisis, including borrowing £150bn, freezing energy bills at £2,500 until 2024 and restarting fracking. The newly-minted PM’s plans come after she dismissed suggestions of a windfall tax on energy producers to pay for the borrowing, as questions are asked about [...]
Housebuilder Vistry exceeds expectations after bidding on Countryside September 8, 2022 Vistry, one of the biggest housebuilders in the UK, has bagged £1.64bn in forward sales so far this year, as it seeks to ride out the current economic storm as a construction powerhouse with Countryside Partnerships. House completions rose five per cent to 5,409 in the six months to 30 June. Meanwhile, revenue inched three [...]
Cairn Homes bosses hike revenue forecast to £520m following record home sales September 8, 2022 Irish housebuilder Cairn Homes has sold a record number of homes in the first half of the year, as Ireland’s population grows. The FTSE-listed company has lifted its forecast for the rent of the year, with bosses anticipating €760m (£660.7m) in forward sales, a more than €600m (£521.6m) revenue and 1,500 closed home sales. The [...]
Wagamama owner enjoys sales rebound but warns of ‘uncertain’ consumer environment September 8, 2022 The owner of the Wagamama restaurant group has seen sales surge in its half-year results, as an “uncertain consumer environment” looms. The Restaurant Group said total sales hit £423.4m in the 26-week period to 3 July, versus £216.8m in 2021. Diners returned to the group’s restaurants and pubs after the easing of Covid restrictions, with [...]
City Moves: Who’s switching jobs in the Square Mile? September 8, 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. Constantine Law Employment and regulatory specialist law firm Constantine Law has poached its latest lawyer from Bird & Bird. Nicola O’Connor, who brings over 20 years of experience to the firm, will focus on leading internal investigations [...]
