Cadbury launches vegan chocolate bar October 6, 2021 Cadbury owner Mondelēz International is launching a plant-based chocolate bar, Cadbury Plant Bar. The chocolate bar took two years to develop and is a vegan replica for the Cadbury Dairy Milk product, with almond paste instead of milk. The product will come in two flavours, smooth chocolate and smooth chocolate with salted caramel pieces. Louise [...]
Exclusive: Former Home Secretary Amber Rudd to join Finsbury from Teneo October 6, 2021 Amber Rudd, the former home secretary, is set to leave PR firm Teneo to join rival Finsbury Glover Hering. The ex-politician will join as a senior adviser at the company her brother Roland founded in 1994, City A.M. understands. Rudd spent 18 months at Teneo after a nine-year Parliamentary career as the Tory MP for [...]
Morrisons hiring for 3,000 Christmas roles October 6, 2021 Supermarket Morrisons is recruiting 3,000 Christmas jobs. It said it anticipated a busier Christmas with families and friends finally able to meet up free of Covid restrictions. Roles range from warehouse and production staff to pickers and packers with full training provided and no prior experience necessary. The supermarket said 16-24 year olds receiving Universal [...]
Supply chain epidemic leaves UK construction reeling October 6, 2021 An epidemic of raw material and worker shortages has left the UK construction industry in an almost anaemic state. A closely watched survey measuring the health of the British construction industry notched 52.6 in September, the lowest reading for eight months and down from 55.2 in August. Construction firms have struggled to progress and complete [...]
Opinion-in-brief: hybrid work should become part of company culture October 6, 2021 The past 18 months have been extremely transformative for our working lives. They have poked holes in the rigid tradition of presenteeism and prompted companies to explore new ways of working. With the return to London’s office, companies are under pressure to prove they’ve learned their lessons. Spaces are being repurposed to foster better in-person [...]
Fast Lane: Lookers raises profit guidance despite challenging market conditions October 6, 2021 Lookers, a leading UK motor retail and aftersale group, has lifted profit expectations for the year on the back of promising Q3 results. While new car sales flagged amid a global semiconductor chip shortage Lookers has outperformed the market by around 3.4 percentage points. Despite the dip the company has said it is expecting profit [...]
JP Morgan boss Jamie Dimon: To cut my $31.5m pay would ‘offend the board’ October 6, 2021 JP Morgan chief executive Jamie Dimon defended his $31.5m pay in a HBO interview, saying his board would take offence if he asked for a pay cut. Speaking to co-founder of Axios James VandeHei, Dimon said his pay was up to the board, who would be offended if he were to request a reduction. As [...]
Rush to renovate homes boosts Topps Tiles October 6, 2021 Brits rushing to renovate their homes after spending months locked down lifted tile maker Topps Tiles’ profits this year. Higher than expected profits were generated by the company registering £227.5m in income, its best ever take. Rob Parker, chief executive, said: “We remain confident on the outlook, against a backdrop of strong demand for DIY [...]
Tesco hikes profit forecasts and launches share buyback programme October 6, 2021 Tesco, the UK’s largest supermarket, has hiked its forecasts for full year profits and kicked off a share buyback programme. Stronger than expected demand for the food retailer’s products prompted it to raise expectations for retail operating profits to between £2.5bn and £2.6bn. Ken Murphy, chief executive of Tesco, said: “We’ve had a strong six [...]
London IPO activity smashes new records as it already outpaced whole of 2020 October 6, 2021 London has retained its dominance as the most attractive European IPO venue by funds raised in the third quarter, continuing the deal momentum witnessed in the previous two quarters and reaching new record highs. Both the main market and Alternative Investment Market (AIM) have built on the resurgence of activity seen in the last two [...]
