Euan Blair’s Multiverse education startup raises $130m to become a ‘soonicorn’ September 29, 2021 Multiverse, the apprenticeships startup co-founded by Tony’ Blair’s eldest son Euan Blair, has edged closer to a unicorn valuation after closing a fresh $130m (£95m) US investor-led funding round. In the largest EdTech (education tech) investment in the UK to date, the Series C fundraising round, which was led by US investment firms D1 Capital [...]
Ministers near deal to oust China’s CGN from £20bn nuclear plant by selling stake September 29, 2021 Ministers are closing in on a deal that could oust China’s CGN from a new £20bn nuclear power station on the UK’s east cost, by selling its minority stake to institutional investors or floating it on the stock market. Under the proposed plans, China’s state-owned CGN would be removed from the project after relieving its [...]
Franco Manca operator Fulham Shore beats expectations in H1 2021 September 29, 2021 The operator of Franco Manca and The Real Greek beat expectations for the first half of 2021 despite the challenge of ongoing Covid restrictions. The restaurant operator faced tough conditions during the first half of the financial year, which began on 29 March 2021 during the UK’s third COVID-19 lockdown, and was forced to trade [...]
Go-Ahead shares plummet after company hid £25m of taxpayer funding September 29, 2021 Go-Ahead group shares fell by 24.93 per cent after it was revealed that the Southeastern train operator had hidden taxpayer funding from the Treasury. The government has announced it will take control of the Southeastern rail contract after the transport company admitted financial errors and repaid £25m of historic taxpayer funding which should have been [...]
Brexit-backing Next boss calls for speedy government intervention in staff crisis September 29, 2021 Next, headed by Brexit-backing boss Lord Wolfson, has called on the government to relax immigration rules to ensure its operations run smoothly this Christmas. “It’s a question of availability, we need a system that’s geared up to give more visas,” Wolfson told CityAM. Wolfson hit back at critics who said the country had got what [...]
Editorial: Go-Ahead’s cock-up doesn’t look good for anybody September 29, 2021 If ever a news story could capture a nation’s mood, the shooting of a stunning, rare white stag by police in Merseyside yesterday, apparently against the RSPCA’s advice, seems to sum up a general feeling of melancholy sweeping the shires. The stag, we are informed by the powers that be, could have become a menace [...]
City Moves: Who’s switching jobs in the Square Mile today? September 29, 2021 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. Lloyds Bank Lloyds Bank has appointed a new Regional Director for its London SME and mid corporate team, a role focused on bolstering businesses in the capital. With more than 15 years’ experience in financial services, Becci [...]
Cazoo swerves the UK driver crisis as spending spree pays off September 29, 2021 The boss of fast-growing vehicle-selling platform Cazoo backed moves to use emergency visas to ease the driver shortages now stalling the UK economy — while trumpeting a recent deal for logistics specialist SMH Fleet Solutions as part of its way around the labour market strife. Cazoo, which buys up used cars from UK sellers, then [...]
Franco Manca operator Fulham Shore beats expectations in H1 2021 : CityAM September 29, 2021 The operator of Franco Manca and The Real Greek beat expectations for the first half of 2021 despite the challenge of ongoing Covid restrictions. The restaurant operator faced tough conditions during the first half of the financial year, which began on 29 March 2021 during the UK’s third COVID-19 lockdown, and was forced to trade [...]
Airbnb appeals to Glaswegians to host COP26 attendees September 29, 2021 Glaswegians have been offered a £100 incentive by Airbnb to open up their homes for the COP26. The climate change event will draw in 30,000 attendees from all over the world – but rental platform Airbnb says the city’s hotels only cater for half those people. It cited the Glasgow Convention Bureau as saying hotel [...]
