Serco snaps up immigration services firm ORS for £39m September 1, 2022 Government outsourcing giant Serco has snapped up Swiss specialist immigration firm ORS in a £39m deal, the firm announced this morning.
WPP snaps up Dutch ecommerce firm Newcraft amid buoyant sales September 1, 2022 The world’s biggest advertising group WPP has snapped up Dutch ecommerce consultancy Newcraft, as the powerhouse continues with its expansion push.
Barclays pulls back from Africa with £538m Absa sale September 1, 2022 British lender Barclays announced it had shed its remaining 7.4 per cent stake in South African bank Absa today as it dramatically pulls back its presence in Africa. Bosses at Barclays said this morning the sale would earn Barclays around £538m, representing around a £31m loss on its investment. The sale followed an announcement from [...]
Jet2’s summer seat sales outshine 2019 levels as package holidays boom September 1, 2022 Jet2.com and Jet2holidays’s summer sale seat capacity was 14 per cent higher than 2019 levels as the travel giant banks in on the post-pandemic rush. Executive chairman Philip Meeson told shareholders during Jet2’s AGM package holiday customers continued to display a materially higher mix of the total departing passengers, up 13 per cent in this summer. He [...]
Reckitt chief Laxman Narasimhan steps down September 1, 2022 Consumer goods giant Reckitt Benckiser announced today that chief Laxman Narasimhan will step down from his role at the end of this month as he moves back to the US “for personal and family reasons”.
Zahawi: Nobody should have energy cut off this winter if they can’t pay their bills September 1, 2022 Nadhim Zahawi has said nobody should be cut off in the winter if they’re unable to pay their bills. Speaking on Sky News this morning during his tour to the United States, the chancellor accused Russia’s President Vladimir Putin of using energy “as a weapon”. This comes ahead of the conclusion of the Conservative leadership [...]
UK house price growth slows to 10 per cent as energy crisis batters Brits September 1, 2022 Annual UK house price growth slowed to 10 per cent in August, from 11 per cent in July.
City Moves: Who’s switching jobs in the Square Mile? September 1, 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. QuadReal QuadReal Property Group has appointed a Deutsche Asset Management lead as its vice president of research and strategy. Farhaz Miah is set to oversee research across UK and European markets. Reporting to executive vice president Rosemary [...]
Rishi Sunak’s demise was sealed long before he ever threw his hat in the ring September 1, 2022 It is a spectacular fall from grace, and one that began long before this leadership election began.
It’s time to ignore the Nimbys tucked up in to bed by 10pm and re-pedestrianise Soho September 1, 2022 It’s not simply a question of unfairness to young people - though it is for anyone who doesn’t want to be tucked up in bed with a Horlicks at 11 - it’s also damaging to London’s economy.
