City Moves for 9 October – Who’s switching jobs at Made, Sir Robert McAlpine, Pantheon October 9, 2019 Today’s City Moves includes Made, Sir Robert McAlpine and Pantheon Made Leading European design brand Made has announced the appointment of Nicola Thompson as the company’s new chief operating officer (COO). In the newly-created role, Nicola will be responsible for merchandising, logistics and supply chain, customer service and customer experience functions. Nicola joins Made after [...]
Asos to appoint Ocado boss to board as it plots leadership shake-up October 1, 2019 Asos is set to announce a raft of new boardroom appointments as it looks to rebuild investor confidence after a series of profit warnings. The online retailer will tomorrow announce several new non-executive directors, including Luke Jensen, the chief executive of Ocado’s tech solutions arm, Sky News reported. Read more: Asos profit warning: Three factors [...]
City Moves for 11 September – Who’s switching jobs at Ovo Energy, RPC and Axiom Stone? September 11, 2019 Today’s City Moves includes Ovo Energy, RPC and Axiom Stone. Ovo Energy Independent energy provider Ovo Energy has appointed David Allison (pictured) and Rich Jones as technology director and product director, respectively. David joins following nine years at Hotels.com, where he was the senior director, technology. In his new role at Ovo, David will lead [...]
London startup Snyk secures $70m from Facebook investor Accel September 10, 2019 Cybersecurity firm Snyk has raised $70m (£56.7m) in funding, led by venture capital stalwart Accel, to fuel the next stage in its international expansion. The round was also supported by existing investors GV and Boldstart Ventures. It follows a $22m investment in September last year, taking the London and Boston-based startup’s total amount raised to [...]
Oasis and Warehouse buy London menswear website September 10, 2019 The Oasis and Warehouse group has moved into menswear for the first time with the acquisition of a London-based online fashion brand. The Idle Man, which is headquartered in Shoreditch, was founded in 2014 by former Asos buyer Oliver Tezcan. The e-commerce platform sells men’s brands and its own labels. Read more: Oasis and Warehouse [...]
Dividends for AIM-listed firms soar to record heights September 9, 2019 The dividends paid by companies listed on the stock exchange’s Alternative Investment Market (AIM) exchange reached record highs in the first half of the year, and are on track to beat 2018’s record full-year total of £1.1bn. First-half AIM dividends climbed 23.9 per cent year on year to £633m, according to new figures from Link [...]
Boohoo shares soar as online retailer boosts full-year guidance September 5, 2019 Shares in online retailer Boohoo soared to an all-time high this morning after the fast fashion firm increased sales growth guidance for the year. Boohoo’s share price was up 15.37 per cent to 280.7p after the company announced sales growth would be between 33 per cent and 38 per cent, against previous guidance of 25 [...]
The founder of Yulife on avoiding the grey-suit mentality of the insurance industry August 19, 2019 Dressed in a tie-dye T-shirt and jeans, Sammy Rubin looks more like a climate change activist than the chief executive of an insurance company. But then, there’s a lesson on why you shouldn’t judge people on how they look. Indeed, there are many things we can learn from Rubin – his hippyish dress-sense feeds right [...]
Klarna becomes Europe’s most valuable fintech in $460m raise August 6, 2019 Online payments giant Klarna has scooped up another $460m in an equity funding round led by Dragoneer, which values the fintech firm at $5.5bn. Other investors included Commonwealth Bank of Australia, HMI Capital, Starling Bank investor Merian Chrysalis, Forsta AP-Fonden, IPGL, Institutional Venture Partners and several funds managed by Blackrock. Swedish-born Klarna said it will [...]
Joules defies retail anguish with growth across the board July 23, 2019 Clothes store Joules this morning announced a double-figures spike in profit despite tough high street conditions. The full-year results will be the last for outgoing CEO Colin Porter, who said the firm was “well-positioned for continued success”. Read more: Joules lures in top Asda director as new chief executive The figures Pre-tax profit rose 14.9 [...]