B&M boss Simon Arora to step down after 17 years leading retailer April 22, 2022 B&M has announced its chief executive Simon Arora is stepping down after more than 17 years at the helm of the variety goods retailer. Arora will retire from his role in a year as the retailer begins a recruitment drive for his replacement. Alongside his brother Bobby, Arora snapped up B&M when its estate boasted [...]
Zinc Media: London television division returns to profit for first time since 2017 April 22, 2022 Television production company Zinc Media has said its largest division, based in London and Manchester, made a profit for the first time since 2017. In results for the year to 31 December 2021, the company posted revenue of £17.5m, compared to a £30.6m sum for an 18 month period ended 31 December 2020. Mark Browning, [...]
A rising tide lifts all boats, and London is providing the most obvious bouyancy April 22, 2022 It might be too much to expect a thank you from the rest of the country – but London and the south east can be entitled to feel a little hard done by our polling of the rest of the country’s attitude towards the region’s economic input. Those who have made their lives in the [...]
As we’re pushed towards supply chains of isolation, we must protect openness April 22, 2022 Globalisation is dead. So declared Chip Bergh, the chief executive officer of Levi’s, the maker of the iconic 501 jeans, at this year’s World Retail Congress. That doesn’t mean globalisation is going away; but it will need to take a very different form from the one we once knew. The principle of comparative advantage is [...]
Ollie Phillips: I’d want to avoid Harlequins in the semi-finals at all costs April 22, 2022 No matter whether I were Leicester Tigers or Saracens, I would want to stay well clear of Harlequins in the Premiership playoffs. No disrespect to Gloucester, Northampton Saints or Exeter Chiefs, but Quins have proven that they’re a danger in the knockout stages of the domestic league – even if they went out of Europe [...]
Boris Johnson asked if Rishi Sunak will keep his job: ‘The answer to that is yes’ April 22, 2022 Boris Johnson has given an assurance that Chancellor Rishi Sunak will be in post for the Autumn budget, but declined to say Priti Patel would remain in her role. The embattled incumbent of Number 10 was asked, during his visit to India, whether Sunak would stay in his job in wake of partygate, responding “the [...]
Sky high inflation: Consumer confidence crashes as Brits worry about big purchases April 22, 2022 Consumer confidence has crashed this month, nearing a historic low in GrowthforKnowledge (GfK)’s index. The data company’s Consumer Confidence Index decreased seven points to -38 in April, as Brits worried about rising inflation. All measures, which look at how Brits feel about their personal situation and general economic situation, as well as major purchases, were [...]
Cost of living crunch looms as retail sales continue to fall April 22, 2022 The UK’s cost of living crisis is increasingly showing signs in consumer spending habits, with retail sales volumes continuing their descent, according to the latest figures. Sale volumes shrank by 1.4 per cent in March 2022, following a fall of 0.5 per cent dip in February. However, sales volumes were 2.2 per cent above their [...]
City Moves: Who’s switching jobs in the Square Mile? April 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. BDO BDO has bolstered its financial services team with a new partner, which will be the accountancy and business advisory firm’s fifth dedicated finserv partner in the last year. Rahoel Patel, who joins the firm’s transaction services team, brings more than 15 years’ experience of advising both [...]
Global consumers hold back on lifestyle changes to shrink carbon output, says Ipsos April 22, 2022 Despite climate-anxiety on the rise, global consumers are holding back on making the lifestyle changes necessary to dial back their carbon emissions, according to a new study by one of the world’s largest market researchers. Around 45 per cent polled are mulling making the switch to a low-carbon heating system for their homes, Ipsos found. [...]
