City Moves: Who’s switching jobs in the Square Mile this week? January 21, 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. CISI The Chartered Institute for Securities & Investment (CISI) has confirmed that its long serving CEO Simon Culhane will step down. Handing over the reins in September, Culhane will depart the top role after 18 years. Culhane, who grew CISI’s [...]
Ladbrokes owner delivers modest results amid US expansion and bookie bounceback January 20, 2022 Ladbrokes owner Entain reported a strong 2021 performance, with group net gaming revenue up seven per cent.
Mode CEO quits following controversial Bitcoin cashback announcement January 20, 2022 The chief executive of UK fintech Mode has resigned two months after the company faced backlash for a controversial announcement.
How Instagram conquered the antiques world January 20, 2022 It was a classic case of love at first sight. Over breakfast I’d spotted my ‘forever-table’ on Instagram, and by that afternoon my partner and I were en route to a residential street in Brixton to pick it up. The caption gave some dimensions and the price; the seller’s bio read ‘shop via the grid’. [...]
Shop staff fear abuse and Covid infection after government ‘flip-flopping’ on mask policy January 19, 2022 Retail workers have called on the government to reconsider its plans to scrap the requirement for shoppers to wear face masks. Prime Minister Boris Johnson announced the end of England’s plan B Covid restrictions yesterday. Mandatory mask rules will be scrapped next Wednesday. Retail trade union the Union of Shop, Distributive and Allied Workers (Usdaw) [...]
WH Smith takes pandemic beating as spending dips at its travel stores in airports and train stations January 19, 2022 WHSmith has revealed the Omicron variant led to a fall in spending at its travel stores in airports and train stations during the final four months of 2021. The retailer added that high-street sales managed to improve during the same period – including in December as infection rates rose – however, overall, the company’s sales [...]
Climate change personal responsibility is a myth to excuse the world’s emitters January 19, 2022 Consumers do have power in their pockets when it comes to tackling climate change. The meteoric rise of ESG in the financial services industry, for instance, has been driven by consumer demand. Equally, in the retail sector the term “sustainable” has become a benchmark for any quality clothing brand as a result of customers wanting [...]
Vertical Future revels in £21m funding round as it plots dominance of controlled farming sector January 18, 2022 Vertical Future have secured £21m in Europe’s largest ever Series A raise in the vertical farming industry.
City of London launches grant scheme for Omicron-hit Square Mile businesses January 18, 2022 Retailers and hospitality businesses that have been hit by a collapse in footfall due to work from home guidance will be able to apply for a grant from the City of London Corporation, it was confirmed last night. The Corporation, the Square Mile’s governing body, has put in the majority of the money behind the [...]
ProCook outperforms UK kitchenware market following stock market debut January 18, 2022 Kitchenware brand ProCook has posted 34.6 per cent revenue growth for the third quarter, in results on Tuesday morning. The firm reported revenue growth of 104.1 per cent on a two year like-for-like basis. The retailer made its debut on the London Stock Exchange following an initial public offering at 145p per share, which valued [...]